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  1. #18646
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    President Jimmy Carter, 99, No Longer Wakes up Every Day — Funeral Plans Unveiled in His Final Days

    https://www.msn.com/en-us/health/oth...ys/ar-BB1o4Q28

    Very sad... but he is 99. God bless.

  2. #18647
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    Is it me? But I've never seen a family so eager to bury someone the last several years. I wouldn't want to be a burden on my kids either but it's over when it's over.

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    10-6-2020 RIP King of sixstrings.

  3. #18648
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    The good thing for Jimmy is he was is an outstanding human being. He tried very hard with being president but certain things just didn't work out and he was labeled as the worst president in modern times. Current guy is making sure Jimmy becomes obscure like Van Buren or Grover Cleveland.

  4. #18649
    Hang 'Em High
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    Quote Originally Posted by ziggysmalls View Post
    The good thing for Jimmy is he is an outstanding human being.
    Thanks, ziggy.


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    In a shocking and devastating move, Russia's Moscow Stock Exchange has immediately suspended all trading in U.S. dollars and euros, delivering a major blow to the U.S. currency.

    https://ca.news.yahoo.com/moscow-exc...153650665.html

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    The red line is Russias new trade route that will not us US currency, things are not looking good for us out here in the west!
    Last edited by Cole_5150; 06.12.24 at 12:51 PM.

  7. #18652
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    Quote Originally Posted by Cole_5150 View Post
    In a shocking and devastating move, Russia's Moscow Stock Exchange has immediately suspended all trading in U.S. dollars and euros, delivering a major blow to the U.S. currency.

    https://ca.news.yahoo.com/moscow-exc...153650665.html
    Lol not a major blow at all.

    Market cap of the entire exchange is about equal to 1 single US large cap stock. They have made their own companies illiquid which will lower their value significantly and slow their own economy.

    It is a really really stupid idea by Russia, but thanks guys for attacking yourselves. The dollar quoting originally was done to HELP their companies with liquidity and to be easier for them to transact. Cool symbolic move for the Ruskies but shooting themselves for propaganda purposes. That is in fact typical for Russia an unforced error

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  9. #18653
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    Quote Originally Posted by Cole_5150 View Post



    The red line is Russias new trade route that will not us US currency, things are not looking good for us out here in the west!
    Do you even understand what you're posting?

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    Quote Originally Posted by T.B. View Post
    Do you even understand what you're posting?
    Iím gonna go with no.


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  13. #18655
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    ($1 USA = 88.9955 roubles)

    Fuck Putin
    10-6-2020 RIP King of sixstrings.

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    Quote Originally Posted by Darrin Stephens View Post
    Lol not a major blow at all.

    Market cap of the entire exchange is about equal to 1 single US large cap stock. They have made their own companies illiquid which will lower their value significantly and slow their own economy.

    It is a really really stupid idea by Russia, but thanks guys for attacking yourselves. The dollar quoting originally was done to HELP their companies with liquidity and to be easier for them to transact. Cool symbolic move for the Ruskies but shooting themselves for propaganda purposes. That is in fact typical for Russia an unforced error

    Sent from my SM-N986U using Tapatalk
    you're downplaying the significance of this move. While the Moscow Stock Exchange's market cap may be relatively small compared to the US market, this decision still sends a strong message about Russia's willingness to challenge the dominance of the US dollar and euro. It's not just about the economic impact, but also the geopolitical implications, It's not entirely accurate to say that Russia is 'Shooting themselves in the foot' with this move. they're trying to reduce their dependence on Western currencies and promote their own ruble. This could be a strategic move to increase their economic sovereignty and reduce their vulnerability to Western sanctions.

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    Saudi Arabia's petro-dollar exit: A global finance paradigm shift


    https://www.msn.com/en-za/news/other...ft/ar-BB1nYFLK

  16. #18658
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    I really do not think that more than even 2 percent of us realize the importance and impact of that, in combination with BRICS, in combination with our national debt, our personal debt, in combination with over 60 major banks being insolvent currently, the commercial real estate market imploding which will then trigger privates burst. The aggregate here is staggering. We collectively have absolutely no idea how hard this is all going to hit, and soon.

    People bitch and moan about inflation (and rightfully so), but then I see a line of cars 15 deep with young folks waiting for their sugary drinks at Dutch Bro's today. That's indicative to me that there's simply no comprehension of what's about to go down, and that there is not nearly enough pain yet to start righting the ship.

    I notice that even around here, some that proclaim some intuitive financial insights seem to cast these factors to the side....probably a form of denial of some kind, but it's a little psychologically weird to me when I see it happen.
    Last edited by seenbad; 06.12.24 at 03:41 PM.
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  18. #18659
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    Quote Originally Posted by Cole_5150 View Post
    In a shocking and devastating move, Russia's Moscow Stock Exchange has immediately suspended all trading in U.S. dollars and euros, delivering a major blow to the U.S. currency.

    https://ca.news.yahoo.com/moscow-exc...153650665.html
    Not shocking, as it has been known for years that the MOEX was at some point doing to do this in response to sanctions.

    And nothing about it is devastating. I don't think most people realize how uniquely small the capital markets are in Russia. They aren't even in the trillion dollar club, FFS, depending upon the day, the Russian stock market is something like the 25th largest stock market in the world, and due to all the financial sanctions that we have put on them, the USD and Euro were barely used there anywhere.

    Little note that didn't make it into the news. You can still trade futures options between the Rouble and the USD or Euro, they didn't close that down, yet.

    Except of course by Russian citizens, who hoard USD and Euros in their mattresses because they don't trust the value of the Rouble.

    Russia's economy overall is smaller than Canada's, and they are 14 times smaller economically than we are.

    This has been a known and priced into the markets for a long time.

    Oh yeah, and Fuck Putin.
    If I don't respond to you it means I have you on ignore, which means you are a douchenozzle.

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  20. #18660
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    Quote Originally Posted by Cole_5150 View Post
    Saudi Arabia's petro-dollar exit: A global finance paradigm shift


    https://www.msn.com/en-za/news/other...ft/ar-BB1nYFLK
    Amazes me how that article can get posted as real journalism.

    There isn't a fifty year agreement, for example, there isn't a signed agreement between the US and SA to only trade in USD, it was a gentlemen's agreement between the US and SA, nothing more.

    That being said, I have come to the understanding that this was planned by the USG, not Saudi Arabia. You read that right. In summary, we want to get the fuck out of the Middle East.

    The thought is that the USD has become too dominant and too highly valued, to the point that it is hurting the world economy, and if anything, it is overvalued and hurting US industry.

    Not saying I wholeheartedly agree with it, but I am telling you that this was the plan all along, to let SA start trading oil in other currencies on purpose as part of a long term economic and geopolitical strategy. I read a briefing on it, and I will summarize it here:

    1. The US has become a major producer of oil and natural gas, with a plan of reducing reliance on Middle Eastern oil
    2. The petrodollar agreement has tied the US to the Saudi regime and the geo-political risks involved with it
    3. Due to US energy independence, alliances are going to be pursued based upon mutual interests instead of oil dependency
    4. Due to the strength of the USD, US companies are at a distinct disadvantage in an increasingly global economy
    5. Provides more flexibility to the Federal Reserve in monetary policy
    6. Reduce the impact of the Middle East on US markets
    7. Reduced military expenditures. The US spends a significant amount of money per year on our presence in the Middle East
    8. Diversify global energy markets so that SA does not have as much impact on supply.
    If I don't respond to you it means I have you on ignore, which means you are a douchenozzle.

    Emperor Brett - "I can't believe you guys are analyzing song-by-song Van Halen III? What next, analyzing the script of Stroker Ace looking for some shred of Citizen Kane?"

    David Lee Roth did the impossible. He made Van Halen better. Deal with it!

    A man's rights rests in three boxes: the ballot box, the jury box, and the cartridge box

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