The Consequences of Closing the Straits of Hormuz

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Operation Disclosure | By David Lifschultz, Contributing Writer

Submitted on March 16, 2022

THE CONSEQUENCES OF THE CLOSING OF THE STRAITS OF HORMUZ

COMPLIMENTS OF THE LIFSCHULTZ ORGANIZATION FOUNDED IN 1899

First, we will discuss some background to the present crisis:

What China is doing is trying to have a fair playing field for the poor, middle class and magnates. This is now derided in the US as communism but this is not so. I sat with Senator Jake Garn at dinner complaining about the deregulation of the banks as being dangerous and would cause a 2008 crash which it did. The program went under the name of freedom. That “freedom” led to over speculation in the real estate market by bank loans.

We see outrages today in the name of “freedom” in credit card debt at 25% interest for the poor while the banks borrow at Federal Funds at less than 1%, and at very low rates through other sources. This is deregulation! This is gouging of the poor! This is a disgrace as the right for the banks to create money by fractionalizing their lending capacity is the right to create money that belongs to the government and the people the government represents. The US has a right to regulate this. The banks have a license to make money out of thin air. Jake agreed but said the banks had bribed all the Senators and Congressmen and he could only garner six votes to oppose this.

Here was the “free” market based on the creation of credit out of nothing by the government and used by greedy bankers to make a quick killing. This is what China wishes to prevent. My friend George Champion of Chase agreed with me on this and had brought over from Germany Wilhelm Vocke to speak about non-inflationary banking to the American Banker’s Association in the 1950s. He was trained under the German genius Dr. Hjalmar Horace Greeley Schacht who resurrected the German economy from 50% unemployment in 1933 if we count unregistered itinerant workers to zero in 1938. The brain trust of Roosevelt took over in 1933 with 25% unemployment and in 1938 still had 18% unemployment. They were so incompetent they needed a war to get out of this.

Vocke is responsible for the postwar German economic miracle. We set the Chinese up on the Schacht principles in the 1980s where yours truly was involved that bank credit must be restricted to productive investment and not for financing stock jobbing and speculation based on rigged markets using synthetic derivatives connected to cash settlement as on Wall Street today. Schacht’s way was non-inflationary as the new factory that is financed will produce new goods for the domestic market that will offset the effect of the increased credit. Thus, it is non-inflationary. Monetary growth can be 20% if new factory production which is financed by that credit increases the GDP of 20%.

Privy Councillor Wilhelm Vocke, who was President of the Bank at the time and is regarded as the founder of the Bundesbank’s reputation, was very strict. His influence on the Central Bank Council was strong and often endured only under barely audible protest.

KEY TAKEAWAYS on the subprime fiasco in the us:

  • The subprime mortgage crisis was the collective creation of the world’s central banks, homeowners, lenders, credit rating agencies, underwriters, and investors.
  • Lenders were the biggest culprits, freely granting loans to people who couldn’t afford them because of free-flowing capital following the dotcom bubble.
  • Borrowers who never imagined they could own a home were taking on loans they knew they may never be able to afford.1
  • Investment banks, ratings agencies, and hedge funds also had a role to play in the subprime mess.3
  • Investors hungry for big returns bought mortgage-backed securities at ridiculously low premiums, fueling demand for more subprime mortgages.

Those in control of US foreign policy today are Strausians which is defined in the first link below who are leading the US to disaster by provoking the war in the Ukraine and initiating the blockage of Russia from SWIFT-CHIPS in order to destroy Russia. Iran has been a victim of the SWIFT-CHIPS cutoff already and has suffered greatly, and Russia is now being cut off, and China knows that they are coming for them next. Strausians are Anthony Blinken as Secretary of State, Jake Sullivan as National Security Advisor, and Victoria Nuland as Under Secretary of State whose connections to Leo Strauss are treated in the next link.

Russia declares war on the Straussians, by Thierry Meyssan

The key to watch are the advanced Russian and Iranian discussions on closing the Straits of Hormuz which the Joint Chiefs of Staff say they cannot keep open. 22 million barrels a day presently travel through the Straits. Russia itself can shut down 25 million barrels a day in Russia and in their former provinces that will do what Russia orders. That would amount to nearly half the world’s oil supply or 47 million barrels a day out of 100 million barrels a day produced all over the world. Oil will go to a thousand dollars a barrel or 40% of the world GDP. Unemployment in the US will rise to over 50% and the 1776 form of government will go the way of the Weimar Republic.

Russia does not have 1.5 quadrillion of derivatives over their head like the US. This will make the US stock market crash of 1929, or the May 1931 collapse of the Austrian Creditanstalt Bank of Baron Louis de Rothschild that triggered the collapse of the entire German banking system, look like child’s play in comparison. As the United States goes down it will be comparable to Alaric sacking Rome drawing to a close two hundred years of Pax Romana.

Had I a hundred tongues and throat of bronze
The woes of captives I could not relate.

Virgil

https://globalfinancialdata.com/the-collapse-of-the-creditanstalt-bank

Russia, China and Iran can dictate terms to the world. I have warned about this for over a decade.

Will Iran Now Block the Straits of Hormuz in Alliance with Russia?

I covered it in more detail here explaining why the US cannot militarily keep the Straits of Hormuz open in consultation with the US Joint Chiefs of Staff.

The Straits of Hormuz as a Trigger to World Depression

The next link provides more background:

India will Buy Russian Oil

David Lifschultz
THE LIFSCHULTZ ORGANIZATION
DAVID@LIFSCHULTZORGANIZATION.COM

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