Do this:
- Just zoom in and out.
- Think that all this burns at once and creates a cloud/blanket covering whole Earth.
- Tell me, would this little fart make ANY difference to #GlobalWarming ?
The oil market before and after Nixon has been never the same. No need to have strategic petroleum reserve. The reason there were no shortages prior to the “floating dollar”... polyconomics.com/memos/mm-04120…
Here is the link for the "It's a Big World"
Jude Wanniski, Dec 1998
I called the AM Petroleum Institute and asked its library to tell me how many barrels of petroleum have been produced worldwide since 1859...
The US has always rooted for higher oil prices, there are several reasons for this:
- Europe and China do not have their own, need import / competitive advantage
- Keeping oil in ground elsewhere keeps supply down / increase profits for $ system
KSA *(Kingdom of Saudi Arabia) was better off producing more at lower prices, with larger market share.
Have you learned anything?
Ancient lures of forgotten history offer many gems.
The rationale for seventies oil pricing change:
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During NATO's 2008 Bucharest summit in Bucharest, United States and Poland called for Georgia to be allowed to join the Membership Action Plan (MAP). A roadmap was set. (1/N)
The issue with accession articles and preambles is that implicitly no country without full control of its borders can join the alliance.
Let it sink.
Neither Georgia, Ukraine nor Moldova can join NATO without solving their territorial issues.
"Freezing the assets means that they are blocked and therefore can no longer be withdrawn, transferred, paid, etc.: in principle, it is essentially a temporary measure, that is not tantamount to a confiscation. "
In some cases, however, the sanctioning State goes one step further and allows the funds to be used to satisfy judgments against the targeted State (this is what happened with the assets held by Iran’s Central Bank in the U.S., thereby triggering litigation at the International
@VictorTheClean3@avoidingfolly@LukeGromen@SantiagoAuFund@imetatronink So as you can see the US-KSA alliance fell apart and new alliance KSA-RU has been established. It is a win-win in long term and KSA has correctly realized that the USA would over-issue $ therefore devaluate all their inground reserves thus seriously lower their income.
@imetatronink Several notes: 1. Using gold in IMS (directly) as monetary payment is no go. It is forbiden by IMF rules. Even RF, its CB, is not gonna to walk that path.
@imetatronink 2. The Russia can not "announce" seling oil for gold. Semi independent private companies swll to market, long term contracts,... 3. Oil producers do coordinate their policies. Only KSA has the power to rump up/down the production to move markets.
@imetatronink 4. The IMS is changing (slooowly, hard to notice) from $ based to Multi-polar Multi-reserve Monetary system. There are 3 main assets / Mundel's ccy areas -$, €, ¥. Gold will play wider rule in future as more active nutral rsrv asset.