by Joseph P. Farrell,Giza Death Star:
You may have noticed gas prices at the pump beginning to spike upwards due to the Israeli-American aerial bombardment of Iran. After all, it’s difficult to ship oil when the oil fields, the pumping stations, and refineries are being blown up, and when one or another party to the conflict shuts down the Straits of Hormuz through which those tankers must pass, or sinks ships at sea having anything to due with that regime. And higher energy costs means higher everything-else costs. One can only imagine what it is doing to the economy of China (or Japan), but at least the former has Russia to fall back on. From the geopolitical standpoint, the action appears to have been coldly calculated, no so much by Mr. Trump, but by the deep state faction controlling him, that faction which, I (and many others) believe, gave him the “phone call/intervention session” after the abortive assassination plot against him in Butler, Pennsylvania. We can imagine the substance: we will let you be president, but you must push the surveillance state, a “sovereign wealth fund” to include a klepto-currency component, you’ll start to phase out cash (like the penny, nickel, and dime), and you’ll let us run foreign policy.”
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Under that heading of foreign policy, about a decade and a half ago, on theByte Showpodcasts of Ms. George Ann Hughes, I opined that the power elite that runs the USSA and Europe would have to “reshore and retrench” back into their power base, North America, because the quest for a global order of free trade was not working. All the USSA and Western Europe had managed to do was ship their heavy industry and technology to bad actors, like Iran and China. And here we are: American covert operations have kidnapped former Venezuelan President Maduro, the American government is openly promoting the secession of a province of a significant ally (Alberta), and attempting yet another “regime change” operation in the Middle East. Such operations we might call “MOOs”, not because of their bovine nature, but because they are “Multiple Objective Operations”, and this one certainly seems to have more than just the objective of toppling the Islamist regime of Iran.
Another of those objectives appears to be a power play to wrest a major chunk of the world’s international insurance market away from London, and its celebrated Lloyd’s insurance. Lloyd’s is, after all, by the best estimates, the single corporate source for a major percentage of the world’s insurance underwriting of international cargo shipping. But by shutting down the Straits of Hormuz and torpedoing Iranian warships, the risk to Lloyd’s and other underwriters to insure shipping through the Straits, through which much of the world’s oil ships, has become too much, even for the insurance goliaths of the City of London.
On March 6, just a few days ago, Mr. Trump indicated that the US government itself would step in to fill the void left by the flight of corporate underwriters for the oil flows through the Hormuz Straits(our thanks to S.D. and many others for sharing this story):
What to know about the agency Trump says will insure ships in the Persian Gulf
The Trump administration has tapped the U.S. International Development Finance Corporation, or DFC, for the job, with the presidentnotingon Truth Social that the agency will provide political risk insurance to “all shipping lines.”
And there is an added bonus that no corporate insurer can provide (at least, not as far as we know, though one has to wonder about some corporations!):
Mr. Trump also saidthe U.S. Navy would escort tankers through theStrait of Hormuz, a key artery for global oil shipments, if necessary.
Source: SGT Report
