Iran holds defence drills (Fear Rises)

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According to Reuters:

TEHRAN (Reuters) – An Iranian militia held civil defense drills on Sunday to prepare for any hostile air strikes and the military said it could close a waterway crucial for world oil supplies if Iran was attacked.

Officials also reiterated that Iran was ready to close down the Strait of Hormuz, a sea route at the mouth of the Gulf through which 40 percent of the world’s traded oil passes, if the United States attacked.

Navy Commander Rear Admiral Habibollah Sayari said foreign forces in the region were being closely watched and Iran would not allow any foreign ship to enter its waters.

“We are capable of closing the Strait of Hormuz,” he told IRNA news agency.

Read the full article at Reuters

- This is the type of tensions that probably caused by $50/barrel crude oil and more may follow if the prices continued like this.

This exercise may not be the last as Iran had many previous tension building military exercise before hence may not be a big indicator of rising tension unless there are actual fighting.

My friends are anticipating on a probable conflict either near the end of the year or early next year which may bring about a major disaster soon…but none of us wanted it to really happen maybe except my other “doomer” friend who had been preparing for it half his life…and he is getting impatient for it to happen haha.

The time maybe very bad right now with the world spinning down the economic disaster of the century which may end up with the 2nd Great Depression.

This may means lot’s to millions of people who are about to or already been “axed” by their company. It’s very hush hush now on who will be the next “victims” of this economic “retrenchment epidemic”.

Citigroup may end up getting some kind of bail out from U.S. Government despite their aggressive retrenchment efforts, their shares dropped last week and may need to knock off another 50k workers.

After a chat with my friend working in Citibank, I can felt his tensed feeling even thou he is confident that Citigroup is one of those company that belong to the “too big to fail” category and won’t be allowed to go down by the U.S. government.

It’ won’t be long before many other very big companies starts to take a queue numbers from the U.S. Govertnment for their ever lasting thirst for more money…to bail themselves out of the big hole.

This story may points to the old saying by people boarding the Titanic.

“This ship is too big to sink and it’s practically unsinkable.” and we all knows how it ends.

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  • Anonymous

    The Titanic was thought to be "Unsinkable", Right?? The latest doctrine is that Huge US Insurers, Banks, & Automakers are "Too Big to Fail", thus the Bailout Frenzy.

    Uncle Bernie Clause just prints more paper "money" and creates massive credit liquidity, injecting it into the largest credit addicts at home and abroad, primarily Foreign Central Banks…

    Fearful Investors in flight to "safety" flock to USD & US Treasury Bonds, which for the present time has caused the USD Index to surge and real money (Gold/Silver) fall, for the time being.

    BUT… What if the US is itself not "Too Big to Fail". What if Iran shut down the Straight of Hormuz, & thus, the LIFEBLOOD of the modern Global Economy??

    If 40% of Global OIL Exports were to shut down, even temporarily, or if the prior conception of a supply interruption being "impossible" were to suddenly cease, & be replaced by the reality that Iran is strategically positioned to do just such a thing despite the long percieved US Military Invincibility & Superiority??

    What if Israel strikes Nuclear Facilities in Iran via the rapidly closing Window of Opportunity of US support by the Bush/Cheney administration prior to Obama taking over?? What if Iran makes good on their threats to close the Dire Straight of Hormuz, by using "THE OIL WEAPON"??

    What if OIL PRICES SUDDENLY SURGED TO OVER $200/BARREL for ANY REASON, which would most likely be IRAN making good on their repeated THREATS??

    Is it conceivable that Iran could be planning to destroy the USA & strongest ally in the middle east, Israel, simply by disrupting the FLOW OF PERSIAN GULF CRUDE OIL?? Could Iran possibly destroy the US & Global Economic "RECOVERY" by cutting off the LIFEBLOOD??

    After all, despite all pretexts, what are modern wars fueled by and fought over?? Could it be the control over the flow of the spOIL?

    Things that make you go…
    Hmmm??

    In my informed/researched prophetic opinion, the Global Economy could grind to a HALT, and as history repeats itself, the TITANIC of CREDIT & DEBT could hit a huge discounted ICEBURG… IRAN.

    Futures Options Contracts on CRUDE OIL with strike prices of $100+ with expiration dates starting around February are extremely cheap with currently dropping & cheap $46/Barrel Crude OIL.

    What is the potential risk/reward IF the Israel/Iran Nukes Issue is dealt with prior to Obama taking over by buying CRUDE OIL & ALTERNATIVE ENERGY COMPANY OPTIONS NOW??

    Bible Prophecies speak a lot about spOIL, & Israel's coming overflowing abundant blessings of Golden "HONEY" OIL, right by the Mediterranean Sea in the Jezreel Valley Plain (Megiddo area).

    Israel Oil and Zion Oil & Gas are working on the project right now. Would the subsequent sudden discovery of an abundant sea of golden oil in Israel change the balance of Geo-Political Power in the middle east & the world??

    Bible Prophecy says so… "Treasures of the Deep hidden in the sand" in the Promised Land of the Everlasting Covenant. It says that the wealth of the world will flow into Israel. I suppose the whole world shall soon see if an Almighty God saved the best (pure) oil for last.

  • Simon Tay

    Dear Anonymous,

    You have all the same research I had! The fear of the wild card namely "Iran" to go crazy and declare "war" with the rest of the world…by closing the Straits Of Hormuz due to imminent attack by Israel.

    The rest of the world will go into anarchy due to sudden sharp drop of oil supply.

    These oil supplies brings transportation to a halt, food supply to cease, electricity generation to collapse due to lack of alternative fuel such as gas & coal imported previously and law and order will fly out of the window.

    Sudden and immediate chaos will ensure panic by the public and supermarket will be wipe clean without any law and order within hours.

    Blackout and water supply cut within hours too.

    That is just within few days from reaction from Iran if they closes the Straits Of Hormuz.

    Most countries only have 2 weeks reserve of oil and to conserve these reserve, they will have to close down public transportation and cease electricity supply to only important facilities such as military and police to control the crazy outbreak of lawlessness.

    Emergency Martial Law will be declared and lies will be given by the politicians but the truth will be leaked out creating huge panic by the people.

    The chaos may calm down eventually if the Iran was wiped out quickly but if not, massive attack by Iran to neighboring oil producer oil wells will bring forth the long lasting energy crisis of the proportion of extinction of human life.

    Man who live in huge cities without food production farm lands and imports EVERYTHING from food, water, gas, fuel and have huge population densities will find themselves stranded without all these resources.

    Urban desert without sustainable living means anarchy, looting, chaos, violence, gangsterism, civil war and eventually resulted in cannibalism.

    The law of the jungle.