We’ve had a lot of foreshadowing of the Suez Canal being a major hotspot for conflict over the past couple of years. Think back to the Evergreen beaching itself in the canal in 2021. Everyone is just now waking up to the idea that global shipping is at risk here.
This Twitter thread (by a self-professed moron who, IMO, seems to have a good grasp on things) is representative of the level of analysis being put forth by people still in love with the US Navy’s ability to force project around the world. He’s just waking up to the importance of this situation but he hasn’t picked up on the nuance of it from the other side of the battlefield.
In order to set the stage properly I’m going to have to go back in time. So, let’s start with October 7th and the attack on Israel by Hamas. In the October issue of the Gold Goats ‘n Guns Newsletter I laid out why I thought everyone had an incentive to allow and/or instigate that event.
The October Setup
So, here’s the backdrop for Davos and the US/UK:
Now, if you are a cornered old money globalist oligarch with your finger on the pulse of these events…
Then, you are seeing:
- The project in Ukraine hanging by a thread as European and American support wanes at every level just below the unelected leadership.
- The ECB failing to hold the line on rising bond yields to stave off a banking crisis.
- US Yield Curve blowing out on the long end, giving Yellen no good options for funding the current budget deficit or for rolling over existing debt, much of which is due in 2024.
…click on the above link to read the rest…