It must have been a terrible experience serving on one of these. The death rates were also very high.

It’s really difficult to look like the “good guys” in a conflict, when you’re the Islamic Regime of Iran. Somehow the current United States are making the Iranians look more and more reasonable.

It would seem like different nations are trying to find a sort of modus operandi to somewhat use the shipping lane again. Let’s see how long it takes for the US Navy to be used to keep it closed for everyone.

This is just one example of the trend that has started and that will continue over the next years and decades. With the United States stepping away from the role of guarantor for free trade, various economies will find ways to deal bilaterally without using the US Dollar. We’ve already seen a shift towards precious metals as a form of reserve currency instead of the Dollar. Now the monetary trade volume of the Dollar is also at risk. When the Dollar no longer is the undisputed world reserve (and trade) currency, it will become incredibly difficult for the US to sustain its current level of deficit.