Take What The Government Says About Oil From The Hormuz Strait With a Grain Of Salt.
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When You Have "N.A.C.H.O.s" You Will Get "T.A.C.O."
For reference: NACHO = No A Chance Hormuz Opens TACO = Trump Always Chickens Out Maybe time to ask the rank and file for help ?
Meanwhile, China...(Or "The Best Laid Plans of Mice and Men Often Go Awry")
In two separate videos, Danny Haiphong and Carl Zha explain why China's in a better position than most pundits think:
US Congress: Trump White House Has "No Plan" For Dealing With Strait of Hormuz
We're entering the heart of the "find out" phase. But what else do you expect from a real-estate slumlord-turned-reality show host-turned president? Anyway, via Middle East Eye : Democratic senators said on Tuesday night that the US has “no plan” for the war on Iran, after President Donald Trump’s administration conducted a two-hour behind-closed-doors briefing for the Senate Armed Services Committee. This absence of any coordinated strategic thinking extends to the Strait of Hormuz, the world’s most important energy chokepoint, regime change in Iran and the Islamic Republic's nuclear programme. Following the Trump administration’s briefing on Tuesday, a procession of opposition senators came out to condemn what they described as the illegality, incoherence and lies surrounding the war, with Senator Chris Van Hollen of Maryland saying Trump was simply doing what Israeli Prime Minister Benjamin Netanyahu had wanted to do for 40 years. “ What you hear behind closed do...
China Trumps The United States
Highlights: China's weapons (specifically their aircraft) was on full display in the recent Pakistan-India conflict, and is clearly light years ahead of what the West is offering. America's addiction to the Military Industrial Complex has cost it the ability to keep up in military production (China's already testing 6th generation planes while the US equivalent is still on the drawing board). The Trump White House has no true North Star in dealing with the global economy (when China visited the US recently, the administration had not real "ask"). China has won/is winning the Trade War (US tariffs on China to drop from 145% to 30%, China lowers their tariffs to 10%, resetting the tariffs to pre-"liberation day" numbers).
Trade War: Why It's Hard To Bring Manufacturing Back To The United States
The video makes some good points; let's watch them and then talk a bit about them: Diligence : Yeah, Americans are not working longer hours in a factory without extra pay. If the Cost of Living and Quality of Life were better, maybe... Cutting Edge Technology : China is introducing flying taxis to go along with their high-speed rail and attempts to cure cancer ; Americans are still arguing over fixing roads and bridges (which would have created a few more jobs) and giving citizens universal health care. We are not the same. Decades of Manufacturing Experience : So much so that it's part of the Chinese culture at this point. It would take years for Americans to catch up, and as Phillip Scott pointed out, we can't even get Americans to farm when presented the opportunity. Also, with the Department of Education being attacked, good look streamlining that training in any efficient way. Low Industry Power Costs : When the utility companies aren't concerned with squeezing...
Layoffs In America...
Google threatens to fire more employees if they don't show up in person at least three days a week. Less business from Amazon causes UPS to fire 20,000 employees . Everything's bigger in Texas, including the job loss . Transportation companies are facing a double-whammy of layoffs and bankruptcies . Hope people in California weren't too attached to their wine . School bus company in Pennsylvania to cut 70 employees.
Port Workers Go On Strike
Via CBS : Thousands of dockworkers at ports from New England to Texas went on strike just after midnight on Tuesday as they rally for higher pay and more job security. The work stoppage, the first at East and Gulf Coast ports since 1977, follows a lengthy impasse in labor talks between the International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX), a shipping industry group representing terminal operators and ocean carriers. The strike was expected to involve 25,000 workers, according to USMX, and close 14 ports: Baltimore; Boston; Charleston, South Carolina; Jacksonville, Florida; Miami; Houston; Mobile, Alabama; New Orleans; New York/New Jersey; Norfolk, Virginia; Philadelphia; Savannah, Georgia; Tampa, Florida; and Wilmington, Delaware. "USMX brought on this strike when they decided to hold firm to foreign owned Ocean Carriers earning billion-dollar profits at United States ports, but not compensate the American ILA longshore workers who p...