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THE WEAKNESS IN THE WORLD FINANCIAL SYSTEM AND AMERICA’S OBSOLETE MILITARY
We have often discussed the 2.5-quadrillion derivative problem that would explode in the event that the Strait of Hormuz was closed by Iran and which would cause the world financial system to implode into the greatest world depression in history. This discussion is below the military analysis coming next. This derivative and military problemwere the main topics of the recent Bilderberg Group Conference. It was considered essential that this danger not be discussed in the world press, as the danger itself might cause a crisis. This report will concentrate on the inability of the United States to project military power in any meaningful way, whether in Europe for NATO, which is a myth, or against Iran.
The same applies in the Middle East as Iran has enough missiles to knock out the U.S. bases while the Patriot, Aegis Defensive Missile System, and the THAAD are relatively worthless against advanced Iranian missiles. The obsolescence of the U.S. Navy is discussed below, making it impossible to project force again, as we saw in the IraqWar. The U.S. finds itself in a catastrophic situation of its own making. “The United States does not have the military power to keep the Strait of Hormuz open, and its carrier task forces must flee if they are within range of Russian and Chinese anti-ship missiles lining the coast of Iran, which are the most advanced in the world,” said General Barry McCaffrey, former assistant to the chairman, joint chiefs of staff (JCS), and director of strategic plans and policy, in a conversation with me at lunch at the Harvard Club. “If the Strait of Hormuz is closed, the price of oil will rise to a $1,000 a barrel, representing over 45% of the world GDP, crashing the 2.5-quadrillion derivative market and creating a world depression of unprecedented proportions,” said the Goldman Sachs oil-derivative specialist in response to my question at a BCA Conference based on internal stress tests.
In Europe, the main proponent of U.S. power is its preponderance of air power, but the F-35 is already obsolete before it can be used, and NATO will be destroyed in
minutes rather than months based on the immediate destruction of all NATO airfields within 10 minutes of commencement of hostilities by Russian missiles.
By David K. Lifschultz, CEO of Genoil, Inc. and the Lifschultz Organization of New York City founded in 1899.
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