Peter McCormack host of What Bitcoin Did interviewing Joseph Neuberger host of my podcast Not On Record.
I will be sharing more of the podcasts I produce on this feed throughout 2024.
Thank you for all the love and support.
Not On Record | EP#99 | Is The Law Broken?
https://www.youtube.com/watch?v=TXQtIPRwI9Y
Based on this chart of Chinese oil reserves and the estimated price they will need to pay (no discounted Iranian oil) China is going to be in a world of hurt. It's hard to overestimate the impact to China if the Strait of Hormuz remains closed. This makes it hard to understand why China would supply weapons to Iran. I think Trump is pursuing a great strategy by letting the Strait remain closed. It will devastate Iran economically and China will face economic collapse if they don't get involved in opening the Strait themselves. All while the US oil companies rake in massive revenues. Trump can also invoke the War Powers Act to ensure domestic needs are prioritized over exports.