Kenne ach es deitsch babbele oofange wann ihr net baal ruh gäbt, donn flieche ewwer die fetze des saach ich eich

Yes!



It seems Meanwhile is a muse to us all!

Même les pédés l'appellent pédé

hello pd

This doesn’t really belong in a thread about Russia/Ukraine.

You need to make a difference between settlement and denomination. Russian crude contracts had euro settlement for a good decade now as an option and I’ve seen deals like that. They still reference PLATTS dollar price for crude with a USD/EUR conversion. So ultimately you still are pricing off dollar. It’s all different now since last year and those pricings are now done differently in rupee/dirham/gold. I can’t elaborate more on this forum.

Dedollarisation might happen faster than we think. Ultimately it’s all about trust and feeling of safe haven to do business. It’s easy to settle in dollars, physical or virtual. Everyone universally accepts them, from goat farmers of Afghanistan, to Venezuelan refugees, to Chinese officials.

Efforts to move to US CBDC might speed this process up as you can lose access to the system on a political whim du jour. Don’t like trans people? Dont like vaccines? Don’t like democrats/republicans? Don’t like whatever the current new thing is? Get fucked. Physical bucks/gold seem more appealing in this respect as you can still use them even if you are sanctioned.

It’s difficult to do business in other currencies. Offshore RMB settlement is a complete mess - I haven’t seen many deals done in my practice - and people that tried to propose those are usually dodging sanctions on Venezuela crude. Offshore EUR settlement is not the best either. NonEU banks have a hard time with it.

Saudi/UAE have been playing their hand well in this. ARAMCO LPG is fixed price (in USD) - nothing stops them from declaring Crude fixed price and in dirhams and forcing people to convert once they are ready politically for such move. The already essentially do this for Asian destination where they set over Oman/Dubai benchmark where liquidity is mostly around their volumes anyway. Russians are settling in dirhams/gold through UAE. Americans are 100% aware and not happy, but they seem to be strong enough to resist this pressure - even though they are still buying guns from the USA.

Having said all that one has to remember US is the biggest economy in the world that naturally drives adoption of US dollar as a worlds reserve currency. Plus US is leading in financial innovation - and since we moved away from bartering to currencies - this again - naturally drives adoption of US dollar. Okay they kicked out Russkies, Iranians and Venezuelans from their system. Not a big loss, USD will be fine. Let’s see this trick repeated when China invades Taiwan. See how they didn’t kick out Saudis for invading Yemen?

It’s an exciting time to be alive and we will see a completely different world in 10-20 years.

Trick is not to get bogged down in theoretical discussions like we do here in PARD and be the guy to adjust first and relentlessly execute. You’ll be fine.

This post was edited by Malopox on Apr 11 2023 09:09am

That's because we don't actually care about the rule of law and Russia, China and others are right to call us out on our 'rules for thee and not for me' international policy.

It's one of my main digs tbh, it's the brazen hypocrisy spamming endlessly that our intentions are about enforcing the "rule based order" but then we funnel billions of weapons to SA and assist them in fighting Iran-backed rebels because it's in our geopolitical interests to weaken Iran. Not even going to bring up the other wars.

Like it'd be one thing if our politicians, media, etc was honest from the get-go and said hey we're the strongest and therefore we get to do what we want while our lesser competitors don't but instead it's a complex web of appeals to emotions or outright lies. It's the ultimate spit in the face to any free thinker, and what exasperates this is the audacity to have this propaganda machine apply pressure in many ways on anyone that deviates from the imposed upon narrative.

Got this from who proceeded to block me. What triggered him?

Олег не любит Николая,
Он так ему и говорит:
Ты, сука, грязный извращенец.
Я не люблю тебя.
Прости