Miscellaneous News

On Saturday afternoon a demonstration will be held on Prague's Wenceslas Square under the slogan "Czech Republic First". According to police estimates, the event is being attended by around 70 000 people who are dissatisfied with the current government and the situation.

According to the organisers' plan, the Czech Republic should declare neutrality, "free itself from direct political subservience to the EU, the WHO and the UN, secure cheap gas supplies from Russia and free Czech industry from dependence on foreign companies".

Organizers are also calling for "an end to the planned dilution of the nation" through war refugees from Ukraine, the restoration of freedom of speech in the public sphere and on social media".

"The aim of our demonstration is the need for change, especially in dealing with the issues of prices and energy, especially electricity and gas, which will cause the destruction of our economy already this autumn. We have called on Mr. Fiala to negotiate with us, but unfortunately we have had no response. So we will continue to press for this government to end. We will demand its resignation," said Jiří Havel, co-organiser of the event.

There are also several dozen opponents of the demonstration standing on the steps of the National Museum with NATO and EU flags.

Prime Minister Petr Fialla was also invited to speak on the square to defend the government's actions. "The protest today was called by forces that claim a pro-Russian orientation, are close to extreme positions and are against the interests of the Czech Republic," the Czech prime minister said in defence.

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Appix said:

https://twitter.com/i/web/status/1565741308328787968

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MortyandRick said:

So they put a cap on Russian oil. Prevent Russia from selling at a certain price. If Russia doesn't sell at that certain price, the they will not buy it, and will try to prevent others from buying it.

They assume Russia has to sell. But there is only so much oil production in the world, so if the Russians refuse to sell, then they are betting that they can hold out longer than the Russians.... And this starts in December?

I'm confused as to how they will prevent others from buying it? If Russia decide not to sell oil to EU, and the price of Brent increases to let's say 200$, but their cap is at 50$, what's preventing others form buying it at 100$? Are they going to resort to piracy ?

Also with all the sanctions already on Russia, why would Russian companies want to comply with the cap? Doesn't make sense.

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MortyandRick said:

So they put a cap on Russian oil. Prevent Russia from selling at a certain price. If Russia doesn't sell at that certain price, the they will not buy it, and will try to prevent others from buying it.

They assume Russia has to sell. But there is only so much oil production in the world, so if the Russians refuse to sell, then they are betting that they can hold out longer than the Russians.... And this starts in December?

I'm confused as to how they will prevent others from buying it? If Russia decide not to sell oil to EU, and the price of Brent increases to let's say 200$, but their cap is at 50$, what's preventing others form buying it at 100$? Are they going to resort to piracy ?

Also with all the sanctions already on Russia, why would Russian companies want to comply with the cap? Doesn't make sense.

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escobar said:

there is a nice counterargument here

https://twitter.com/i/web/status/1565980817905651712

https://twitter.com/i/web/status/1566019459709534208

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FriedButter said:

Do you have a counterargument from a different source. I find it hard to care about the arguments from the guy who works as assistant secretary for economic policies at the US treasury. Who more then likely played a role in crafting the previous disastrous economic shock and awe plan. That was a complete failure and an embarrassment to the West.

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