Miscellaneous News

[AndrewS]

People always seem to forget why the USD has value. It isn't that there's something inherently awesome about the USD. It is that the US since the 19th century has always been the highest energy extraction economy in the world.

US extracted up to 70% of global oil in the 1910s.

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For reference all of OPEC combined is around 37%.

US also had the technology to turn oil into work i.e. mechanical machinery and cars.

It has nothing to do with good governance or democracy or what not. It all has to do with offering energy to high tech low energy countries, offering tech to low tech high energy countries, and most of all, keeping high tech high energy countries down.

The science behind this.

86% of economic growth comes from increasing aggregate efficiency, as per Rifkind.
It's basically how efficiently you generate energy and turn it into a final product.

Yes, it was the US at the forefront of the 2nd Industrial Revolution (centralised electricity, oil, cars, telephones)

But you still need a stable and predictable investment environment (aka good governance) so that those trillions of investments can be made, because they will take years to payoff.

 

[FriedButter]

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The Euro is officially worth less than the Dollar. €1 Euro = $0.99 USD.

 

[B.I.B.]

Good Luck Europe
But wait, UK have exit from EU, why they still concern EU affairs
View attachment 95959

Because the UK are still part of NATO?

 

[FriedButter]

Because the UK are still part of NATO?

Not that relevant for the EU since the bulk of the responsibility is on the US and not the UK. The only thing that concerns the EU would be UK economy and the domino effect on the EU economy. The military affairs is more or less all on the US.

 

[ansy1968]

Can someone more knowledgeable on this topic explain how India is allowed to have an acces in the Arctic without getting a lot of pushbacks from the usual suspects whereas China's aim and efforts are always cast in a villainous manner. What gives India a more geographical rights to the Arctic than China?

Cause they know the Indians Can Only Talk And Do Shit...lol Gosh!!!! What's wrong with me I'm becoming another @NiuBiDaRen , It's addictive.

 

[BlackWindMnt]

Can someone more knowledgeable on this topic explain how India is allowed to have an acces in the Arctic without getting a lot of pushbacks from the usual suspects whereas China's aim and efforts are always cast in a villainous manner. What gives India a more geographical rights to the Arctic than China?

Isn't the antarctic the southern pole. That kind of makes sense right that India makes a claim for it.

It's a skeptical plane if my mind is still right because for the antarctic Afrika and Latin America are probably closer by.

 

[Expert1324]

I just realised... the only time pakistan actually use anti-terror law is on imran khan

 

[Chish]

People always seem to forget why the USD has value. It isn't that there's something inherently awesome about the USD. It is that the US since the 19th century has always been the highest energy extraction economy in the world.

US extracted up to 70% of global oil in the 1910s.

Please, Log in or Register to view URLs content!

For reference all of OPEC combined is around 37%.

US also had the technology to turn oil into work i.e. mechanical machinery and cars.

It has nothing to do with good governance or democracy or what not. It all has to do with offering energy to high tech low energy countries, offering tech to low tech high energy countries, and most of all, keeping high tech high energy countries down.

The US dollars rules because countries are required to $US for their international trades, for anything from oils, raw materials, foods to services. To facilitate trades, they are required to use the international swift system , which is a US monopoly. As long as world trades operate dominantly under US rules, the dollars will always have values.

 

[ansy1968]

The US dollars rules because countries are required to $US for their international trades, for anything from oils, raw materials, foods to services. To facilitate trades, they are required to use the international swift system , which is a US monopoly. As long as world trades operate dominantly under US rules, the dollars will always have values.

Don't worry my friend, the American will destroy it for us....lol

 

[2handedswordsman]

Here in Greece, two years before Turkey and us(Greeks) nearly went to war. Todays Turkish warships are in Greek ports doing excercises side by side because of Boss speaking. Meanwhile, Greece purchased frigates, rafales etc, because we have too much cash to spend. LOL. Also todays, Apaches are unloaded in the port of Alexandroupolis. Direction unknown. Two months ago an Antonov crushed in here in Greece. Leased by Ukrainians, flying from Belgrade to Bangladesh. Rumors say that it was carrying western arms aid being smuggled by Ukrainian mafia to third parties.
At another place of our great and glory land, in the gulf of Laconia, The closest sea to the city of Sparta, Greek shipowners living in another universe, are laundering Russian oil. Bussiest traffic than the Piraeus port in terms of oil tankers. 50% of russian oil circulates the globe by the glorious Greek navy. Our prime minister Mitsotakis insists that Greece is on the right side of the the History.
ten days ago, a 5 years old Syrian refugee girl died because of a scorpion bite. Remained unburied for 5 days because neither Turkish or greek authorities did NOTHING to help the kid although they KNEW what was happening. About 30 Syrian refuggees were trapped at an islet of Evros river delta, which is a no go zone of GR and TR borders. A multi kilometers guarded wall is built to prevent "illegal" war refuggees to enter EU. The last part of Evros river is a walled no go zone. Nato Apaches were unloaded about 20km far form that islet those days.
We Are the land of ancient comedy and tragedy indeed. LOL