• sp3ctr4l@lemmy.dbzer0.com
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    2 hours ago

    Ok, so … somehow it appears no one in this thread is yet aware of this:


    https://www.politico.com/news/2025/11/29/trump-venezuelan-airspace-military-00670743

    President Donald Trump abruptly ordered the airspace closed above and around Venezuela on Saturday, further escalating tensions between the U.S. president and Venezuelan dictator Nicolás Maduro, whom the White House accuses of working with narco-terrorist organizations to facilitate drug trafficking.

    “To all Airlines, Pilots, Drug Dealers, and Human Traffickers, please consider THE AIRSPACE ABOVE AND SURROUNDING VENEZUELA TO BE CLOSED IN ITS ENTIRETY,” the president wrote on Truth Social Saturday morning.

    https://truthsocial.com/@realDonaldTrump/posts/115633041089714842


    Uh, yeah, Trump effectively, unilaterally, just declared a Desert Shield/Storm style No Fly Zone.

    … thats what you do before you begin a massive air campaign.

    So, as of two weeks ago, the Gerald R Ford was near Venezuela…

    https://www.msn.com/en-us/news/world/aircraft-carrier-arrives-in-the-caribbean-in-major-buildup-near-venezuela/ar-AA1QxB7m

    But apparently, right now, its … sorta near the Pillars of Hercules?

    https://www.cruisingearth.com/ship-tracker/united-states-navy/uss-gerald-r-ford/


    Uh anyways yeah, looks like we’re gonna be doing a bit of involuntary regime change on Venezuela,

    The Dollar, the PetroDollar, is currently imploding.

    Japan is unwinding its decades long carry trade that had been greatly propping up the US financial system, China’s not buying any more US debt instruments, uh, our entire economy is a giant scam/bet on AI…

    …uh, BlackRock is currently imploding, so that means the entire Shadow Banking system of private lending is also going to blow up…

    … and maybe you missed the reveal a few weeks back that a huge chunk of our ‘foreign held debt’ is actually held by the Cayman Islands.

    Which means its actually held by Wall Street traders, doing a basis trade, which means they bought that debt on something like 100:1 leverage.


    Yeah our finances and thus entire monetary system are looking very bad right now.

    Did I mention how treasury yields keep popping outside of the Fed’s control channel?

    AKA: The Fed is losing the ability to actually set interest rates?


    So, with that in mind:

    If… you can secure all or a large chunk of VZ’s oil…

    … well, maybe… that props up the USD PetroDollar a bit more, for a while longer.