China Defies Trump

"There is a feeling that President Trump is flailing around while becoming increasingly volatile. He expected that the Europeans, the Japanese, and the South Koreans would join his efforts to force open the Strait, but instead they decided to make their own deals with Tehran and pay the transit fee. The rest of the world does not want war with Iran. Only the Trump Administration and Netanyahu want the war.

"The petrodollar is taking a hit, as payments for Strait of Hormuz passage are paid in Chinese yuan. The dollar is being challenged as the global reserve currency as the US global empire itself is being challenged in real time.

"This is time to look for and take that off-ramp. However, the US President seems to be moving in the opposite direction. Military equipment is being rapidly airlifted to the Middle East and another US carrier group is nearing the region as well. China has warned the US against interfering in its trade with Iran.

"A major escalation is brewing and Congress still cannot find its voice."


 
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