Mary Trump - The Cost of Chaos
Two months ago, before Donald launched his illegal, unconstitutional war of choice against Iran, the Strait of Hormuz was open. Tanker traffic flowed without incident. The global economy, while fragile, was functioning.
Today, the strait is closed by Iran. Donald put an additional blockade in place. And the Trump regime has triggered what the International Energy Agency is calling the largest oil supply disruption on record.
That is not a hypothetical consequence. It is not a distant geopolitical concern. It is happening now. And the proposed exit strategy risks leaving the world worse off than it was before the conflict even began.
According to Nobel Prizewinning economist Paul Krugman, Donald has led the United States into one of the worst strategic defeats in its history. Krugman attributes that failure to what he describes as the moral, intellectual, and emotional collapse of the Republican Party. I would also add a psychological collapse.
https://www.marytrump.org/p/the-cost-of-chaos
slightlv
(7,899 posts)where fossil fuels are concerned. If everyone could get fed up with a few mega corporations and ultra rich men dominating our lives with their wars and resource theft over and over, generation after generation, and take steps to move away. But how, without govt help? That's the big obstacle, IMO. I'd gladly get rid of my subcompact gas powered car, but I'm a senior on SS and living even month to month is already hard. No one in the world is going to sell me an electric car, no matter how much I'd like one.
I was ready to rip the roof apart and have solar panels put on... and then trump took office again. As soon as he did, I cancelled my transactions with the solar company. Told them flat-out that I believed without hesitation that trump would rip the tax breaks, etc., from solar and wind power. And sure enough, I was right (of course, it didn't take a genius to see that coming.).
If there were only a way we could turn our back on the fossil fuel noose they have around our necks, and bankrupt their companies (even slowly) I'd sing to the wind till the day I die.
dalton99a
(95,053 posts)The numbers are staggering. The Federal Reserve Bank of Dallas estimates a 2.9 percentage point drop in global GDP growth in the second quarter of 2026 if the disruption continues. If it lasts for a full year, global GDP could fall by 1.3 percentage points. Estimated global losses are already around $20 billion per day. If current trends continue, total losses could approach $5 trillion.
In the United States, the Department of Agriculture projects food prices will rise by 3.6 percent in 2026 as a direct result of higher oil costs. Globally, the impact is even more severe. The Philippines has declared an energy emergency. Pakistan has been forced to close schools temporarily to conserve fuel. These are not abstract consequences. These are real decisions affecting real people.
Americans are still feeling the strain after years of elevated inflation following the global pandemic and the first Trump administrations egregious mishandling of that crisis. The concept of affordability is not theoretical. It is a top voter issue. Donald has dismissed it as a hoax and a line of nonsense.