Matthew Hoh: The US Just Ran Out of Cruise Missiles – What Happens Next?

Matthew Hoh states that the US military has nearly exhausted its supply of critical munitions, specifically mentioning Patriot, THAAD, and JASSM missiles. This severe depletion significantly curtails the US's ability to engage in or sustain prolonged military conflicts, forcing a reevaluation of its strategic options.

Matt Hoh: 'they've almost completely run out of munitions. No one was then that five weeks, uh, they will have run out all their Patriot and fads right now have no longer have any more JASM missiles.'

By July/August, global oil inventories (including strategic petroleum reserves) are expected to run out, leading to a dramatic surge in oil prices. Experts are surprised prices aren't already at $140-150 per barrel, predicting this will push US gasoline to an average of $6 per gallon and trigger broader inflationary pressures from supply chain shortages of Persian Gulf commodities.

Matt Hoh: 'in July, uh, the oil inventories run out, right? So the oil that was afloat, uh, the oil that the governments were releasing as from their strategic petroleum reserves, um, all that runs out by beginning of July and then that's going to push this price uh uh uh uh spike in oil because I mean you listen to the the uh oil and gas folks... they're shocked that oil is already not at 140 150... gasoline in the US probably goes to $6 a gallon.'

The current US administration is characterized by a lack of clear leadership and an unpredictable foreign policy, as exemplified by Donald Trump's erratic statements and threats against traditionally neutral allies like Oman. This incoherence makes international negotiations difficult and creates global instability, with even adversaries preferring the predictability of previous administrations.

Nema: 'Today, we don't know who's running the show in Washington.' Matt Hoh: 'Vladimir Putin says he'd rather see Joe Biden uh, you know, reelected... because the idea being that Joe Biden is predictable... than the unpredictability of what Donald Trump would bring.'

European leadership, both at the EU and national levels, is expected to intensify its anti-Russia stance, viewing it as central to their identity. This approach involves increasing military spending through debt and cutting social services, exacerbating existing economic problems like high debt-to-GDP ratios, austerity, and de-industrialization, ultimately leading to public suffering and the rise of right-wing parties.

Matt Hoh: 'I think the European leadership out as it is both at the EU and on a national levels um are going to double down on their uh anti-Russia policies. they they they they see their identity as you know through this confrontation uh with Russia... they're going to fund the war in Ukraine by increasing their debt... they're going to cut services.'