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Trump’s idea of a “ceasefire”

Everybody shooting at everybody else…


Crazytown.
The Gulf states, especially the UAE, are having second thoughts about expecting US military support, and they are also worried about running out of US dollars

Trump to the rescue?

https://inthesetimes.com/article/economic-fury-iran-petrodollar-us-empire-fragile

"Many of them (Gulf states) have now put pressure on the United States to give them credit swap facilities, or if they do have them, to make them much larger.

"Why would they do that?

"They have dollar-denominated debts.

"They expected to be able to pay off their dollar-denominated debts around the world, with the dollars coming in from oil and gas.

"But there are no dollars coming in because the Strait of Hormuz is shut, and the blockade makes it worse. So they can’t pay off their debts.

"I’m going to guess that they’re going to start selling their ownership of [U.S.] assets.

"They’re going to sell Treasury securities.

"A fire sale of Treasury securities brings their price down, and that raises the interest rate."
 
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