Iran CAN Block the Strait - At Least for a Little While

It seems that Iran can block the Strait of Hormuz, at least for a little while.  Bloomberg Report  While it would be shortly reopened after the U.S. Navy gets its act together - oil prices will most likely spike and trigger the next phase of our bubble laden economy to burst.  (Inflation and skyrocketing interest rates are next along with a collapse in government spending - read "Aftershock" because the authors, David Wiedemer, Robert A, Wiedemer and Cindy S. Spitzer got it right the first time...accurately predicting in 2006 that the housing, stocks, private debt and discretionary spending bubbles would burst within 2-years.  And they did in 2008.)  Just like it did four years ago, only this time it will be worse.