8 Comments
User's avatar
RedBaron's avatar

Hi Lena. Details of the Trump Administration oil tanker reinsurance program: "The U.S. International Development Finance Corporation will insure losses up to $20 billion on a rolling basis." I don't see how a President can unilaterally do this without Congressional budgetary approval. Of course, there was this different opinion: "Insurance is not the main problem for ship owners right now, said Matt Wright, senior freight analyst at consulting firm Kpler. Tankers are not moving through the Strait because they are worried about their physical security, Wright said.

RJacobs Capital, LLC's avatar

Lena, I am a paid subscriber to your substack. But I was a bit disappointed that you presented this operation as an illegal war. POTUS has not declared War. Therefore, did not require congressional approval. Next, since your podcast is supposed to provide the context of this operation (per the title of your podcast) you did not provide the context on why this operation is occuring.. The context to put it simply is to gain leverage on China and the City of London. How, you ask? When the USA attains control over Iranian oil, they will have control over 67% of oil imports to China thereby giving the USA leverage in negotiations over critical minerals from China for USA defense and AI purposes. Insurance of vessels in the Strait of Hormuz, removes business that would otherwise, go to Lloyds of London, thereby leveraging the UK Prime Minister. I was disappointed, that you chose to harp on Democratic talking points and were not even handed in your analysis. No commentary from Rubio, Bessent or the POTUS. Not good.

RedBaron's avatar

I am also a paid subscriber, but it very clearly an illegal war. The Constitution clearly states that CONGRESS is the one to declare war. ONLY THEN can the President, as Commander in Chief, attack whichever country Congress declared war on. When the President bombs a country unilaterally, THAT is an ACT of WAR. Why is this operation occurring? Just like the Iraqi War, it is ALL for ISRAEL. We do NOT have a DOG in this FIGHT, but Trump clearly takes his orders from Netanyahu who has been to the US 7 times in one year, no doubt a record for a head of state.

China and the UK? Are you kidding? In the process, Trump is almost guaranteeing a recession right before the Mid-Term Elections. which is likely to produce a Democratic Congress. There seems to be more and more GOP Congressmen deciding not to run again. I cannot imagine why. All we are doing for China is letting them decide when they want to take Taiwan and since we run around the world starting wars, it is hard for us to suddenly act all moral and righteous when our official policy is Taiwan is part of China and has been since Nixon visited and met with Mao. The UK is a joke. They have two aircraft carriers but not enough ships to make up even one carrier task force. Plus, they have to use our aircraft on their carriers. Even Argentina took them on, so the mighty UK is no more. Even London is losing financial business to Europe and elsewhere. The UK budget and debt are even in worst shambles than our own. They are a paper tiger and if their army, navy, or air force met a worthy match, they would be destroyed.

RJacobs Capital, LLC's avatar

Well, you are a bigot. Other than with regard to the UK, you are all wrong, and I completely disagree with you.

RedBaron's avatar

I am a bigot, why? Because I spoke against the foreign country of Israel? Why is it Israel is exempt from the same standards we demand of other countries? Only Israel can kill tens of thousands of Palestinean civilians and deliberately bomb hospitals full of the sick and wounded. Yet the US will continue to send billions of our tax dollars and more bombs, etc. with no restrictions on their use against civilians.

Elidio Marquina's avatar

The Britannica book says clearly in the section Law of War https://www.britannica.com/topic/law-of-war “the threat or use of force against the territorial integrity or political independence of any State..." US government said repeatedly they did the first shot. Also hit the girls school become the action as illegal war.

User was indefinitely suspended for this comment. Show
Elidio Marquina's avatar

Being histrionic is what got us into this mess. Going around cursing everything and justifying every action by the US won't let us see reality. They're raking in money and throwing us under the bus. Meanwhile, on TV they just say they're the bad guys, but in reality, we're the bad guys. Something to think about. PS. This is not a woke thinking, is a centered opinion. A real war is more than just throwing bombs and offer lax insurance.

Thank you Miss Petrova for precise analysis.