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llm_nerd 2 hours ago

The US is the world's most vulnerable economy to oil shocks. I mean the real economy, not the farce that the markets currently are.

The Venezuela comment is extremely weird. You know Venezuela has negligible production, right, and that it would take 100s of billions of investments, over decades, to get reasonable production that would make a difference. That's ignoring that currently there is a laughably illegitimate puppet government -- literally just Madero's government minus him, as they did the coup with the US -- that has a 100% chance of a violent overthrow in the future. Which is exactly why all of the oil companies are shrugging and saying no thanks.

Venezuela is a farce -- much like $5000 "dividend" for a government literally on the precipice of bankruptcy, as Bessent runs around, near tears, trying to convince everyone that they're the house and he's the big dog German Shepherd instead of the face of a failing empire having its last pathetic gasp, to laughter all around -- that Trump thinks gives him leverage against Canada. It is unbelievably pathetic business, like renaming a 400+ year old name on a lake like a little bitch.

There is zero scenario where this has benefitted the US, but a drunkard incompetent secdef (sorry "secwar") convinced a foolish demented rapist, who already had Israel whispering in his ear, how easy and painless this foolish debacle will be.

ROFL.