The Escalator to Hell Has a Pause Button

The Strait of Hormuz mine isn't an accident; it's a signal that the energy backend is throttling the financial frontend. Bonds are repricing risk precisely because physical supply chains are under direct attack.

Meanwhile, the AI bubble is deflating in real time: $250 billion pledges can't hide the fact that investors are revolting against negative ROI from server farms. The system is dropping ballast – first the middle class via inflation, now the hype stocks.

Chinese AI's rise is a classic disruption: cheaper models force commoditization, making the entire US AI moat look like a wet paper bag. The OpenAI hack proves the fortress has a backdoor.