Foreign Correspondence

[CoalTrain]

WOW! way more than interesting. It gives a view of the big picture that makes everything else fall into place. Seven out of Ten major choke points. 80% of world trade going through those choke points Hmmm.....

Two big reasons we never shifted away from oil as an energy source since WW2 are: From a military point of view gas and oil cannot be replaced. No other conventional energy source can replace fuel in fighter Jets ect. Other than that oil and gas could be replaced except that it also gives us a great excuse to go in to any Nation with an American oil company or an "American pipeline" to protect "American interests"

Now China will have "Chinese interests" in 7 of 10 major chokepoints for oil and commerce. China has control of the Seas and Russia is trying to gain control over the pipeline game in the Caspian Sea region and former Soviet controlled areas. Russia sells the subs and Onyx missiles that give the Chinese the muscle to protect their shipping "interests".

China is one of Nations that is propping up our bond market? Yes? So now they have the ability to deliver economic shocks both through dumping of bonds and buy stopping the flow of oil on the ocean.

Is China in control of when the credit bubble pops?