Somebody in the Trump administration looked at a map of the Middle East and figured out that if Persia (Iran) blocked the Strait of Hormuz access to the Persian Gulf, it would send the price of oil sky high. That might gum up the global economy, financial markets, and Trump’s reelection bid. From Pepe Escobar at atimes.com:
Iranian soldiers take part in National Persian Gulf Day in the Strait of Hormuz on April 30, 2019. There is concern about a blockade of the Strait and the disastrous impact that could have on the price of oil and world financial markets. Photo: AFP / Atta Kenare
The 130 elite guests had a jolly good – and theoretically quiet – time at the self-billed “informal discussion forum concerning major issues”. As usual, at least two-thirds were European decision-makers, with the rest coming from North America.
The fact that a few major players in this Atlanticist Valhalla are closely associated with or directly interfering with the Bank for International Settlements (BIS) in Basel – the central bank of central banks – is of course just a minor detail.
The major issue discussed this year was “A Stable Strategic Order”, a lofty endeavor that can be interpreted either as the making of a New World Order or just a benign effort by selfless elites to guide mankind to enlightenment.
Other items of discussion were way more pragmatic – from “The Future of Capitalism”, to “Russia”, “China”, “Weaponizing Social Media”, “Brexit”, “What’s Next for Europe”, “Ethics of Artificial Intelligence” and last but not least, “Climate Change”.