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Red Sea crisis from Houthi attacks hits world trade as cost of shipping soars by 170%
(english.elpais.com)
this post was submitted on 06 Jan 2024
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The US is now a net exporter of crude, petrochemicals and LNG. We don’t need the Middle East, in fact they are just competitors. But our allies desperately need those energy sources.
The US is currently in the middle of the largest industrial build out in history in N.A. At the end of it we will produce most of what we need locally. Because of our demographics N.A. has the largest consumer market in the world. Most of what we produce is consumed locally. We export food staples and high end technical products. We don’t need foreign markets… but they need us.
With all of the disruptions that global climate change is going to bring in ten to fifteen years, when N.A. is even more self sufficient than it is now, do you think the US will continue to subsidize the world’s economy? Why would we continue guaranteeing freedom of the seas in areas where we have no interest?
America wants to couple oil to the collar and in the past forced everyone to do so. Any leader that wanted to be paid in gold got killed.
Because everyone needs energy, everyone is forced to trade in dollars. And you know what America can do? Print those dollarydoos.
So they are not just making sure their monopoly is stable but also that they have an infinite money hack by devaluing the global currency that everyone is forced to trade in.