“Effective immediately, the ​United States Navy, the Finest in ​the World, will begin the process of BLOCKADING ‌any ⁠and all Ships trying to enter, or leave, the Strait of Hormuz,” said Trump

  • Zahille7@lemmy.world
    link
    fedilink
    English
    arrow-up
    19
    ·
    5 hours ago

    I’m a little surprised everyone is mostly agreeing that he’s doing this because he’s stupid. I mean yes, he’s a fucking idiot, but someone told him to start a blockade. And as we all know from the first one a week ago, it’s only gonna jack up prices on literally everything even more than they are right now.

    It’s all a plan by the billionaire class that openly runs our country now to keep inflating prices so consumers don’t have anything.

    • hansolo@lemmy.today
      link
      fedilink
      English
      arrow-up
      6
      ·
      5 hours ago

      100% this. He didn’t come up with a solution to “open the strait!” as “don’t use the strait!” So it’s still closed? Because of feels? OK, but it being closed because you said so means it’s still fucking closed.

      Who benefits from this long term? Other than just “people who just bought oil at $98 on Monday”?

  • NatakuNox@lemmy.world
    link
    fedilink
    English
    arrow-up
    24
    ·
    6 hours ago

    Lol so let me get this straight. We went from a completely open and free strait, to a closed one, to one ran and toll, to a double blocked strait. We are up 200% blockage. Art of the deal.

    Also Trump is going to starve out all of the middle east and Asia? He’ll be tacoing here soon. Otherwise WW3 is guaranteed because China and Russia are preparing to have their forces escort their materials through because Iran doesn’t have beef with them.

  • radix@lemmy.world
    link
    fedilink
    English
    arrow-up
    154
    ·
    9 hours ago

    In about two days, there will be reports of massive volume of shorts on oil company stocks that occurred in the minutes before the announcement, then another day after that, nobody will talk about it again.

  • NONE@lemmy.world
    link
    fedilink
    English
    arrow-up
    107
    ·
    9 hours ago

    From mediocre incompetents to outright villains.

    Are they also going to block the ships that Iran and Japan agreed could pass through, for example? Are they really going to screw over a strategic ally like Japan just for…? You know what? Yeah, they definitely would.

    • Brunacho@feddit.cl
      link
      fedilink
      English
      arrow-up
      20
      arrow-down
      1
      ·
      8 hours ago

      maybe Japan shouldn’t have surprise attacked them on december 1941.

      • limer@lemmy.ml
        link
        fedilink
        English
        arrow-up
        16
        ·
        7 hours ago

        Japan only attacked the USA in 1941 because of an oil embargo by the USA

        • LincolnsDogFido@lemmy.zip
          link
          fedilink
          English
          arrow-up
          13
          ·
          6 hours ago

          I mean, yeah, but also they were allied with Nazi Germany and fascist Italy at the time. And pursuing their own expansionist ambitions in the Eastern hemisphere.

            • NatakuNox@lemmy.world
              link
              fedilink
              English
              arrow-up
              1
              ·
              4 hours ago

              It’s 2026 sir. Give them a Radioshack and time. Power is projected now by soft power and of smart your population is. Sadly we are working with complete deck of cards over here.

              • grue@lemmy.world
                link
                fedilink
                English
                arrow-up
                2
                arrow-down
                1
                ·
                edit-2
                2 hours ago

                [visible_confusion.jpg]

                Yes it did. What do you think all those aircraft were launched from? They sure as Hell didn’t fly all the way from the Japanese mainland (or whatever the closest Japanese land-based airfield was at the time)! They didn’t have the range for it: aircraft with ocean-crossing range didn’t start showing up until the Jet Age, after the war.

        • Bloomcole@lemmy.world
          link
          fedilink
          English
          arrow-up
          1
          ·
          4 hours ago

          And then moved their main base from California to the middle of the ocean to serve as a juicy target.
          They wanted nothing more than war.
          The standard US answer to all countries that become economic competitors.

      • joostjakob@lemmy.world
        link
        fedilink
        English
        arrow-up
        2
        arrow-down
        1
        ·
        5 hours ago

        That didn’t stop both countries from being allies for several decades, why would you bring that up now?

        • Stormy@thelemmy.club
          link
          fedilink
          English
          arrow-up
          5
          ·
          edit-2
          5 hours ago

          Japan asked trump why didn’t you tell us, your allies that you were going to do this to iran?

          He said you didn’t tell me about pearl harbor before you struck why would I tell you guys before I did this?

          And then all the asshole psychopaths in trumps press room laughed at Japan.

          Implying that Japan was actually the US’s enemy.

  • red_green_black@slrpnk.net
    link
    fedilink
    English
    arrow-up
    15
    ·
    7 hours ago

    This is getting out of hand. Now there are two of them!

    (Remember Iran says they have the strait closed as well.)

    • webp@mander.xyz
      link
      fedilink
      English
      arrow-up
      8
      ·
      7 hours ago

      When a mother blockade and a father blockade love each other very much…

  • limonfiesta@lemmy.world
    link
    fedilink
    English
    arrow-up
    30
    ·
    edit-2
    9 hours ago

    Can’t wait for the USN to start blowing up Chinese tankers and cargo ships.

    Or seizing SK and Japanese vessels for that matter.

    Are we going to prevent our most Asian important allies from receiving energy supplies that could prevent, or at least significantly delay, their complete economic collapse?

    • krisevol@lemmy.zip
      link
      fedilink
      English
      arrow-up
      11
      arrow-down
      1
      ·
      7 hours ago

      Your already witnessing an economic collapse. The US paid more in interest than they made in tax revenue.

      This was is the last struggle of a dying world reserve currency. Happens everytime in history. The next step is civil war and spreading the “wealth”. Then the final step is getting used to the lower quality of life that we can afford after we raises the “wealth” wasn’t real because most people don’t understand what wealth is.

      The average US household is going to be generational because the spending power of the dollar will be shit compared to the new world reserve currency. The YUAN.

      • AdolfSchmitler@lemmy.world
        link
        fedilink
        English
        arrow-up
        3
        ·
        7 hours ago

        I keep seeing posts like this and they make a lot of sense. Do you have any recommendations on where someone might read up on this or should I just start googling stuff like “what happens when countries collapse?” “German economy after WW1” “currency collapse of ancient Rome” etc etc

        • limer@lemmy.ml
          link
          fedilink
          English
          arrow-up
          6
          ·
          7 hours ago

          Not op, and as far from an economist as possible. But I think there has never been a situation like this, ever, in the entire human race.

          I have no clue what will happen but I deeply feel most will have wrong predictions

          • Bloomcole@lemmy.world
            link
            fedilink
            English
            arrow-up
            2
            ·
            4 hours ago

            civil war is the last thing that will happen.
            the lamest docile subservient people on the planet.

          • AdolfSchmitler@lemmy.world
            link
            fedilink
            English
            arrow-up
            3
            ·
            7 hours ago

            I mean, yes and no. Rome didn’t have military bases around the world when it collapsed and Germany didn’t have reserve currency status. But their currency DID become worthless. Stories like people burning money cuz it was cheaper than buying firewood.

            I know that it won’t be “exactly the same” but maybe we could glean some valuable insight. Like physical items held value way better than currency. What did people do? Did families all return home and live with their parents/siblings since costs were too high alone?

            Having an idea of where things might go or what could happen just makes me feel better about it I guess? Like I know if the dollar collapses no amount of prep will really make it better and society as we know it in the U.S. will not exist for a bit.

            • limer@lemmy.ml
              link
              fedilink
              English
              arrow-up
              8
              ·
              6 hours ago

              The global economy is new, so much has changed

              4 generations ago most of the food that people ate grew within 20 miles, now a good chuck of my food is grown on four continents in dozens of countries.

              This and every single thing in my house and car has supply lines stretching over a million miles when the travel of every single item, and their materials are added up. Literally, tens of millions of people helped make my items

              Banking is literally hundreds or thousands of times more complex than in my grandfather’s time.

              And my entire career is based on technology and infrastructure I read only hints about in science fiction books as a kid.

          • krisevol@lemmy.zip
            link
            fedilink
            English
            arrow-up
            1
            ·
            5 hours ago

            This has happened many times. And this time is no different besides having easier access to debt though digital currency. It might actually make the problem worse never we will have more debt that had been ever generated before.

            Thinking of it like that, its easy to see this will be the worst collapse ever recorded. 90% of our money didn’t exist, and only exists though fractional reserve lending, and asset backed debt like stock borrowing. When the system falls apart and we go to eat the wealthy and distribute the wealth, we will find nothing there because it doesn’t exist.

            Currently we have a few options, completely stop spending and pay the debt back which will never happen. Or continue to spend until bankruptcy. Or what is currently happening, we built a new digital currency that we can leverage debt can continue the gravy train a little longer passing the debt onto future generations. All roads lead to a shitty outcome, it’s just do we go though it or our kids, and we both know what people vote for, to fuck the kids.