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"There’s no question that France is ripping off [the CFA African nations which use the Franc of the Financial Community of Africa], but not nearly as badly as their own parasitic elites. Other than their own backward cultures, the problem is that these countries are chronically and enthusiastically exploited by their ruling classes through their governments. A group captures the government, uses it to steal all they can and ship the proceeds off to Switzerland. Or France to buy a chateau on the Côte-d’Or.
"The ideal solution, of course, is to use gold as a currency. This was something that Muammar Gaddafi tried to do. But that was one of the reasons that the CIA, the US, and NATO overthrew him."
-- Doug Casey
Better a poor and wise youth Than an old and foolish king who will be admonished no more. Ecclesiastes 4:13
Question:
Or what king, going to make war against another king, does not sit down first and consider whether he is able with ten thousand to meet him who comes against him with twenty thousand? Luke14:31
Answer:
A king who watches too much FOX TV, reads too many Marvel comics, pays attention to the New York Times, and watches too many Hollywood political thrillers.
The narrow strait is the most important chokepoint for the world's oil supply. Some 21 million barrels — or $1.2 billion worth of oil — pass through the strait every day.
Will a closed Strait hurt Iran? In terms of international oil sales, yes, but in terms of daily life, no. Iran pumps 3.5 million barrels of crude oil per day. The situation at this hour:
