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America’s homeland security is not threatened by a technological and industrial superpower having even remote parity with the United States and its NATO allies. The combined $45 trillion GDP of the latter is 20X larger than that of Russia and nearly 3X that of China, which is itself a debt-entombed house of cards that would not last a year without its $3.5 trillion of exports to the west.
-- David Stockman, Former OMB Director, Reagan Administration
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:
