• 60 Posts
  • 11 Comments
Joined 3 years ago
cake
Cake day: June 9th, 2023

help-circle














  • The article is written by someone who got the coolaid explanation from the oil and gas industry. You are NOT using your brain. Have you ever noticed how the fucking oil and gas companies make HUGE profits every time oil prices go up? There’s a lag in the production & distribution chain. They bought oil at lower prices. as the prices go up their profit goes up. They also do certain things called hedging where they pay a financial price for cost certainty. The financial cost of volatility is borne by global investors/hedge funds/gamblers. If you accept their explanation while they shove it up your behind, go ahead and enjoy the reaming.













  • To back away now would leave Iran as the new hegemon in the region. We would face profound economic and strategic consequences as the petrodollar is rerouted to China, and the Gulf states realign their loyalties, policies and investments.

    This would impact us with mounting interest rates, inflation and slower growth. U.S. credibility as an ally and global force would be shattered. Withdrawing from NATO would only deepen the problem.

    This war has fucked the US over.



  • I think you’re missing the tenet of the intent. China is building a China-centric trading eco system. They want what US has. The rest of the world subsidizing them while they control the world trade and financial system. This new block is trying to be counter-weight in negotiating a better WTO against China and the US. The picture you’re missing is that the post-WWII order established by non-communist countries are geared to favor the US and the West. But now that US is breaking the old understanding where that advantage was shared with junior partners, they are finding themselves at a disadvantage. That’s why Carney is smartly trying to organize the junior partners of US to form a block, to not only revive WTO, but to create a better one.