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Europe to ditch US dollar in payments for Iranian oil
LoP Guest
lop guest
User ID: 1337
05-17-2018 09:09 AM

 



Post: #46
RE: Europe to ditch US dollar in payments for Iranian oil
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SkeptiSchism  Wrote: (05-16-2018 11:42 PM)
LoP Guest  Wrote: (05-16-2018 07:26 PM)
If you want an example of how long the change takes look to the first great depression, now named Long Depression, that lasted around 25 years in all...

Great depressions tend to be bookmarked by 2 crash points the one that takes everyone in and the one that brings everyone out (to a changed system, structure or balance of power) and we are no where near that point yet..

I'm not saying we have another 15 years of this, but that second crash point has to happen sometime as it will not only readjust the world markets but also release the cash the f*cking corporations have been hoarding to kick start the industrial revolution.

So until then we continue this swirling the drain..

This graph was created by a blogger back around 2012 I think, that small little bump and crash in the left corner was the stock market crash in 1929. This bubble is clearly 100 times larger.

link to image: https://i.imgur.com/emg3ELv.jpg

My post was about the first great depression* not the great depression of the 1930s..

We mirror the first great depression far closer than we do the great depression of the 1930s.. Simiarities that span many landscapes, for example the US and China mirror the economic shift where the US overtook the UK as the worlds economic power,

In social constructs we are talking of Universal Basic Income which first showed it's head during that first Great Depression..

We are seeing the rush for Africa, the arguments over gold/silver that where prevalent then and now...

But the biggest similarity is that both faced a new industrial revolution that would slice the workforce by around 50% and needs some heavy lifting in terms social engineering to make that leap possible..

We can see the corporate then and now sitting on vast stockpiles of cash, which they are hoarding to see where the industrial revolution heads and where to plow that cash into, thus breaking the balance of power which in turn was one of the root causes of the great war.

The bank of England's Governor got a slap in the media yesterday for referring to this era as menopausal, by that he meant we are at the end of this industrial era and waiting for the start of the next, micro inventions now and then where at their lowest ebb, everyone is waiting for the second crash point..

None of those points correlate to the Great Depression of the 1930s... which was a result of the dam breaking in terms of the hoards of cash the corporates are stockpiling the so called roaring period in the 1920s highlights the issue, the yuppy era bookmarks a similar period following the 3rd industrial revolution as does the dot com boom..

While the 2nd Great Depression and 2nd Great War (WW2) was a continuation of the question, who gets to flavour this era which had at it's heart the continuation of the vendetta running between Germany and France dating from the Napoleonic wars**



Notes

*historically the term "Great Depression" refers to the period between the 1870s and 1890s a depressed period lasting nearly a quarter of a century.. this term is still in use outside the US, but most literature in the US from the 1960s on wards started to refer to this period as the Long Depression.

**Germany/France kept placing ridiculous levels of war reparations on each other post conflict really stoking the hatred for each other and setting up the next conflict as being all but impossible to avoid, interestingly be it French on the Germans or Germans on the French the levels where pretty consistent and similar, this deadlock was only broken in the 1950s with London Debt conference which created the German Economic Miracle.. repayment of debts was linked to exports so if you wanted that debt paid you imported German goods... interesting solution though what it did was destroy the manufacturing base of the countries involved by promoting German good over local ones.
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LoP Guest
lop guest
User ID: 1337
05-17-2018 09:21 AM

 



Post: #47
RE: Europe to ditch US dollar in payments for Iranian oil
Uppity Me  Wrote: (05-17-2018 02:46 AM)
LoP Guest  Wrote: (05-16-2018 05:41 PM)
Given the news from Italy, not sure we can claim everyone in the EU is on the same page...

The Five Star-League proposals would blow the eurozone apart
https://www.ft.com/content/042896b2-58ed...ceb45fa9d0


and that's from the pro-EU FT

Your link doesn't work

While the page is correct linking to it does not seem to work.. will have to find another... picking from the Pro-EU pile as the anti-EU ones tend to have extreme bias and can thus be ignored..

If you search the headline you can find the article..

To summarise, the FT made 3 conclusions... the first was that the Italian govs plans would be more radical and that the market assumptions that it's bark would be worse than it's bite where woefully wrong.

the second was that if implemented the proposals would blow apart the Eurozone.. and that there is a potential the Italian Pres in defending the EU would decide to create a Technocrat Gov instead (

my comment replacing unpopular Belesconi with a technocrat one was acceptable at the time as no one really liked him, But I can see how replacing a popular vote with a technocrat Gov will cause anything but deep seated issues.. either way, lose lose..

the third conclusion was that Macrons much vaulted reforms will be all but dead in the water..
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LoP Guest
lop guest
User ID: 1337
05-17-2018 09:28 AM

 



Post: #48
RE: Europe to ditch US dollar in payments for Iranian oil
LoP Guest  Wrote: (05-16-2018 04:18 PM)
With the US intending to reimpose sanctions on Iran, what the hell would Iran want dollars for? Of course they want payment in Euros so they can go on buying goods from the Euro zone.

Yes there is no need to overcomlicate this one. Dollars are about as useful to Iranians as being paid in sand.
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LoP Guest
lop guest
User ID: 1337
05-17-2018 09:40 AM

 



Post: #49
RE: Europe to ditch US dollar in payments for Iranian oil
LoP Guest  Wrote: (05-17-2018 09:28 AM)
LoP Guest  Wrote: (05-16-2018 04:18 PM)
With the US intending to reimpose sanctions on Iran, what the hell would Iran want dollars for? Of course they want payment in Euros so they can go on buying goods from the Euro zone.

Yes there is no need to overcomlicate this one. Dollars are about as useful to Iranians as being paid in sand.

And even the Pro-EU side are worrying about the Eurozone project... Euros might be equal to being paid in sand...

from Pro-EU media even before the release of the Italian Proposals.

Italy could blow up Europe as we know it
https://www.politico.eu/article/silvio-b...e-know-it/

The Italian Pres has already stated he would disband any Italian gov that made any moves against the Euro.. (replace it was a technocrat gov supported by Brussels)

However they are not Greece in terms of size and this is a popular gov not an unpopular gov of Belesconi.. they are also keen to be closer to Putin... in the Eurozone you have the right (Hungary) and left (Greece) making a similar case, add Italys Alternate Globalist one to that, while Poland rows with Brussels over the rule of Law, the UK deciding it needs a vacation somewhere a bit less stressful and you have a major mess in the offing..
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LoP Guest
lop guest
User ID: 1337
05-17-2018 09:59 AM

 



Post: #50
RE: Europe to ditch US dollar in payments for Iranian oil
LoP Guest  Wrote: (05-17-2018 09:40 AM)
LoP Guest  Wrote: (05-17-2018 09:28 AM)
Yes there is no need to overcomlicate this one. Dollars are about as useful to Iranians as being paid in sand.

And even the Pro-EU side are worrying about the Eurozone project... Euros might be equal to being paid in sand...

from Pro-EU media even before the release of the Italian Proposals.

Italy could blow up Europe as we know it
https://www.politico.eu/article/silvio-b...e-know-it/

The Italian Pres has already stated he would disband any Italian gov that made any moves against the Euro.. (replace it was a technocrat gov supported by Brussels)

However they are not Greece in terms of size and this is a popular gov not an unpopular gov of Belesconi.. they are also keen to be closer to Putin... in the Eurozone you have the right (Hungary) and left (Greece) making a similar case, add Italys Alternate Globalist one to that, while Poland rows with Brussels over the rule of Law, the UK deciding it needs a vacation somewhere a bit less stressful and you have a major mess in the offing..

Well we are talking about today, not some speculative future time when the Euro is under threat. Today US Dollars are worthless to Iran and even though it looks like the Airbus and ATR order will be held up by American sanctions it's still a hell of a lot more useful for Iran to be paid in Euros, Yuan or even Rubles then it is to get worthless dollars.
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Norseman
lop guest
User ID: 1337
05-17-2018 10:19 AM

 



Post: #51
RE: Europe to ditch US dollar in payments for Iranian oil
The US dollar under Trump will send the Euro to the nothing that it is.
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LoP Guest
lop guest
User ID: 1337
05-17-2018 10:31 AM

 



Post: #52
RE: Europe to ditch US dollar in payments for Iranian oil
Norseman  Wrote: (05-17-2018 10:19 AM)
The US dollar under Trump will send the Euro to the nothing that it is.

Oh yes, i can see the wonderful effect trump is having already.

https://www.poundsterlinglive.com/images...ersion.png

Soon the USD will have parity with the Zimbabwe dollar

Lmao
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LoP Guest
lop guest
User ID: 1337
05-17-2018 12:25 PM

 



Post: #53
RE: Europe to ditch US dollar in payments for Iranian oil
LoP Guest  Wrote: (05-16-2018 03:09 PM)
USA needs to ditch NATO.

Maybe you were thrown out for trying to militarize civilians..
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RaXz
Putridgeist
User ID: 1337
05-17-2018 12:36 PM

Posts: 12,912



Post: #54
RE: Europe to ditch US dollar in payments for Iranian oil
Mocking scum must accept the holy 777 mark of Christ Trump Cyrus the Great, the Goldman Sachs Saints are working on it, it's the only protection against evil.

L'enfer est plein de bonnes volontés ou désirs

Conspiracy theorists = Freemason dicksuckers

Asians are black Africans to the American and Israeli, Asians are self-hating-negroes like native Americans
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RaXz
Putridgeist
User ID: 1337
05-17-2018 12:46 PM

Posts: 12,912



Post: #55
RE: Europe to ditch US dollar in payments for Iranian oil
Hopefully NATO and Christ Trump will manage to draft young women for war on Iran, people have convinced me of the power of women, may they fight for equality and Greater Israel on the battlefield.

L'enfer est plein de bonnes volontés ou désirs

Conspiracy theorists = Freemason dicksuckers

Asians are black Africans to the American and Israeli, Asians are self-hating-negroes like native Americans
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LoP Guest
lop guest
User ID: 1337
05-17-2018 12:56 PM

 



Post: #56
RE: Europe to ditch US dollar in payments for Iranian oil
LoP Guest  Wrote: (05-17-2018 12:25 PM)
LoP Guest  Wrote: (05-16-2018 03:09 PM)
USA needs to ditch NATO.

Maybe you were thrown out for trying to militarize civilians..

What is it they call people... "meat coms"?!
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