Midterm Elections
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An article from a week ago..
Trump vows to cut aid over migrant caravan
In 2017, Guatemala received over $248m (?191m) in US aid. The same year, Honduras received $175m and El Salvador $115m, according to the US Agency for International Development.
https://www.google.com/amp/s/www.bbc.com/news/amp/world-latin-america-45933845
But I also say US should cut aid to Mexico which is over $320 million a year. (you don?t want to help out, then we don?t help out. Send that in a tweet. Tear the trade agreement and fed ex the shredded agreement to Mexico.
(That?s how you do business!)
Whoa. Slow down. We can't upset Mexico. They're gonna pay for the big beautiful wall.
At least the source isn't DailyCaller...
Gotta admit though, it's fun hearing MAGA Reps cheer on executive actions to change the Constitution and interference in free markets to affect prices, no?
The world is a crazy world, from the standpoint of craziness.
On that note ? mark my words ? if somehow the repubs are able to vote suppress and gerrymander their way to keeping the house again , and the craziness quotient goes up , we will see a big correction ? In the P/E multiple on this country as a whole - rule of laws, lack of systemic corruption and stability of trade etc ? will go down
The premium on US assets will decline .
The world is crazy. A decade ago who would have thought you'd see someone like Trump in the US, Bolsonaro in Brazil, Duterte in the Philippines, Orban in Hungary, Babis in Czech Republic, Rutte in the Netherlands, Brexit in UK, etc.
Liberals like to blame racism towards migrants for the world's right turn but there are no migrants in Brazil and the Philippines.
It's not about racism. It's about ordinary people who want to be heard and who want their concerns to be taken seriously by the elite.
Ordinary people don't want to explore the underlying causes of the world's problems, they want the problems to stop.
Again w the ?ordinary people ? trope .
But in your rush to claim the higher ground - you did layout some good factoids ? and it begs the question . Why ?
The rise of far-right politicians across countries that have faced vastly different economic circumstances and immigration flows makes me inclined to place a lot more of the blame on social media than I would have a year ago.
WhatsApp is heavily to spread rumors And Create fear and in many cases ? such as India ? where you have lynching and murder of minorities for ?crimes ? such as suspicion of eating or transporting beef .
Many of the domestic terrorists in the US like these two last week had radical views that only got amplified via isolated bubbles of social media echo Chambers.
But on the recent Brazil election , let me point out a few things since I have spent time there ? Brazil IS a country full of prejudices & social hierarchy in which everyone is ?used? to having someone to look down on. ?Value & disdain? follows a skin colour & hair fibre scale. When the middle class kid finds himself siting next to their domestic help offspring, social relations of superiority & ?place? have been challenged too far.
When the nanny that one treated like semi-slave no longer has to put up with the ?Senhor & Senhora? Abuse as she can now access welfare support & say no to a degrading position & get help to keep her kids in school rather than cleaning windscreens, ppl go ballistic. How dare one challenges my position at the top! How dare that ?preto? stops opening the doors for me & being Grateful for ?charity?. You get the gist.
Bolsonaro represents a return to the known ?order of the social classes?. Patriarchy, religious oppression, homophobia, classism these are the make up of Brazil?s social ?soul? at the moment
Who are the "ordinary people"? This is like using the term "middle class." Few people exclude themselves when using the term, rendering the term meaningless. What are the problems concerning these ordinary people?
Survey after survey has shown trump supporters have higher incomes not Lower
The common thread binding them is education (lower) and vulnerability to being influenced by conspiracy / fake news on social media
Those fake news companies in Eastern Europe tried targeting dems too in the 2016 cycle . But as many interviews with them after showed , once a blue leaning fake news was debunked , there was no ?market? for it
Majority of Trump voters have a ?herd like ? And tribal mentality . And then ofcourse there the few who know better but are willing to destroy the country for a few Bucks in their pocket from tax cuts and Supreme Court martyrdom
eyephone said:
An article from a week ago..
Trump vows to cut aid over migrant caravan
In 2017, Guatemala received over $248m (?191m) in US aid. The same year, Honduras received $175m and El Salvador $115m, according to the US Agency for International Development.
https://www.google.com/amp/s/www.bbc.com/news/amp/world-latin-america-45933845
But I also say US should cut aid to Mexico which is over $320 million a year. (you don?t want to help out, then we don?t help out. Send that in a tweet. Tear the trade agreement and fed ex the shredded agreement to Mexico.
(That?s how you do business!)
Perspective
Well-known member
eyephone said:
Whoa. Slow down. We can't upset Mexico. They're gonna pay for the big beautiful wall.
morekaos
Well-known member
MAGA!!
Trump reportedly considers tapping emergency oil supplies to tame crude prices
President Donald Trump is reportedly considering selling oil from the nation?s emergency stockpile.
The options include a small sale of 5 million barrels and a larger offering of 30 million barrels, Bloomberg reported.
Trump has expressed frustration at oil and gasoline prices, which have risen on fears the crude market could swing into undersupply.
?If Trump continues to believe that OPEC are not doing enough, we would not rule out an SPR release from the US, or possibly even export restrictions on petroleum products,? ING said in a research note following Trump?s latest Twitter broadside last week.
The United States currently holds 660 million barrels of oil in reserve. The reserve was established after the 1970s oil crisis to ensure the U.S. economy would not suffer shocks in times of tight supply. It has only been used three times to counter import cutoffs or for foreign policy purposes.
The Trump administration previously proposed selling off half of the reserve to help reduce the national deficit.
https://www.cnbc.com/2018/07/13/trump-reportedly-considers-tapping-emergency-oil-supplies-to-tame-crud.html
Trump reportedly considers tapping emergency oil supplies to tame crude prices
President Donald Trump is reportedly considering selling oil from the nation?s emergency stockpile.
The options include a small sale of 5 million barrels and a larger offering of 30 million barrels, Bloomberg reported.
Trump has expressed frustration at oil and gasoline prices, which have risen on fears the crude market could swing into undersupply.
?If Trump continues to believe that OPEC are not doing enough, we would not rule out an SPR release from the US, or possibly even export restrictions on petroleum products,? ING said in a research note following Trump?s latest Twitter broadside last week.
The United States currently holds 660 million barrels of oil in reserve. The reserve was established after the 1970s oil crisis to ensure the U.S. economy would not suffer shocks in times of tight supply. It has only been used three times to counter import cutoffs or for foreign policy purposes.
The Trump administration previously proposed selling off half of the reserve to help reduce the national deficit.
https://www.cnbc.com/2018/07/13/trump-reportedly-considers-tapping-emergency-oil-supplies-to-tame-crud.html
morekaos
Well-known member
The Strategic Petroleum Reserve is a U.S. Government complex of four sites with deep underground storage caverns created in salt domes along the Texas and Louisiana Gulf Coasts. The caverns have a capacity of 727 million barrels and store emergency supplies of crude oil owned by the U.S. Government.
Current inventory - Click to open inventory update window
Highest inventory - The SPR was filled to its 727 million barrel capacity on December 27, 2009; the inventory of 726.6 million barrels was the highest ever held in the SPR.
Crude Oil Storage by Site (as of September 30, 2018)
Bryan Mound - holds 235.3 MMB in 20 caverns - 68.0 MMB sweet and 167.5 MMB sour.
Big Hill - holds 153.4 MMB in 14 caverns - 64.6 MMB sweet and 89.5 MMB sour.
West Hackberry - holds 199.5 MMB in 22 caverns - 104.2 MMB sweet and 96.7 MMB sour.
Bayou Choctaw - holds 71.8 MMB in 6 caverns - 18.9 MMB sweet and 51.8 MMB sour.
Current inventory - Click to open inventory update window
Highest inventory - The SPR was filled to its 727 million barrel capacity on December 27, 2009; the inventory of 726.6 million barrels was the highest ever held in the SPR.
Crude Oil Storage by Site (as of September 30, 2018)
Bryan Mound - holds 235.3 MMB in 20 caverns - 68.0 MMB sweet and 167.5 MMB sour.
Big Hill - holds 153.4 MMB in 14 caverns - 64.6 MMB sweet and 89.5 MMB sour.
West Hackberry - holds 199.5 MMB in 22 caverns - 104.2 MMB sweet and 96.7 MMB sour.
Bayou Choctaw - holds 71.8 MMB in 6 caverns - 18.9 MMB sweet and 51.8 MMB sour.
Perspective
Well-known member
fortune11 said:
At least the source isn't DailyCaller...
Ok so we got 660 m barrels in spr some of it sweet , some heavy
Leave aside the question of if refineries can use all of it - as many are configured for one type or the other , we will grant that everything is usable
The price of west Texas crude has fallen from 75 to 66 in a matter of a month ? Was the spr released during this time ? No . Why is it falling ? Maybe concerns around demand slowdown ? Hedge funds liquidating ? Risk parity funds ? General risk off ? No one knows
The crude oil market is global . And how much is global demand? About 110 to 120 million barrels per day - so how many days of demand is the spr ? 6 days !!
How much US shale produce each day ? 11 mm barrels ? Are we hurting saudis or are we hurting ourselves by releasing the spr , which in the best case scenario , Covers only 6 days of demand
And all of thinking - oh we will just trap it at home , I have news for you . Oil market is global and exports are now legal , how will you distinguish what oil is from shale and what is from spr ?
But hey , I can just MAGA !! And high five my fellow buddies on this forum and declare winning . Ignorance is bliss
Leave aside the question of if refineries can use all of it - as many are configured for one type or the other , we will grant that everything is usable
The price of west Texas crude has fallen from 75 to 66 in a matter of a month ? Was the spr released during this time ? No . Why is it falling ? Maybe concerns around demand slowdown ? Hedge funds liquidating ? Risk parity funds ? General risk off ? No one knows
The crude oil market is global . And how much is global demand? About 110 to 120 million barrels per day - so how many days of demand is the spr ? 6 days !!
How much US shale produce each day ? 11 mm barrels ? Are we hurting saudis or are we hurting ourselves by releasing the spr , which in the best case scenario , Covers only 6 days of demand
And all of thinking - oh we will just trap it at home , I have news for you . Oil market is global and exports are now legal , how will you distinguish what oil is from shale and what is from spr ?
But hey , I can just MAGA !! And high five my fellow buddies on this forum and declare winning . Ignorance is bliss
Perspective
Well-known member
fortune11 said:Ok so we got 660 m barrels in spr some of it sweet , some heavy
Leave aside the question of if refineries can use all of it - as many are configured for one type or the other , we will grant that everything is usable
The price of west Texas crude has fallen from 75 to 66 in a matter of a month ? Was the spr released during this time ? No . Why is it falling ? Maybe concerns around demand slowdown ? Hedge funds liquidating ? Risk parity funds ? General risk off ? No one knows
The crude oil market is global . And how much is global demand? About 110 to 120 million barrels per day - so how many days of demand is the spr ? 6 days !!
How much US shale produce each day ? 11 mm barrels ? Are we hurting saudis or are we hurting ourselves by releasing the spr , which in the best case scenario , Covers only 6 days of demand
And all of thinking - oh we will just trap it at home , I have news for you . Oil market is global and exports are now legal , how will you distinguish what oil is from shale and what is from spr ?
But hey , I can just MAGA !! And high five my fellow buddies on this forum and declare winning . Ignorance is bliss
Gotta admit though, it's fun hearing MAGA Reps cheer on executive actions to change the Constitution and interference in free markets to affect prices, no?
The world is a crazy world, from the standpoint of craziness.
Perspective said:fortune11 said:Ok so we got 660 m barrels in spr some of it sweet , some heavy
Leave aside the question of if refineries can use all of it - as many are configured for one type or the other , we will grant that everything is usable
The price of west Texas crude has fallen from 75 to 66 in a matter of a month ? Was the spr released during this time ? No . Why is it falling ? Maybe concerns around demand slowdown ? Hedge funds liquidating ? Risk parity funds ? General risk off ? No one knows
The crude oil market is global . And how much is global demand? About 110 to 120 million barrels per day - so how many days of demand is the spr ? 6 days !!
How much US shale produce each day ? 11 mm barrels ? Are we hurting saudis or are we hurting ourselves by releasing the spr , which in the best case scenario , Covers only 6 days of demand
And all of thinking - oh we will just trap it at home , I have news for you . Oil market is global and exports are now legal , how will you distinguish what oil is from shale and what is from spr ?
But hey , I can just MAGA !! And high five my fellow buddies on this forum and declare winning . Ignorance is bliss
Gotta admit though, it's fun hearing MAGA Reps cheer on executive actions to change the Constitution and interference in free markets to affect prices, no?
The world is a crazy world, from the standpoint of craziness.
On that note ? mark my words ? if somehow the repubs are able to vote suppress and gerrymander their way to keeping the house again , and the craziness quotient goes up , we will see a big correction ? In the P/E multiple on this country as a whole - rule of laws, lack of systemic corruption and stability of trade etc ? will go down
The premium on US assets will decline .
Perspective said:
The world is crazy. A decade ago who would have thought you'd see someone like Trump in the US, Bolsonaro in Brazil, Duterte in the Philippines, Orban in Hungary, Babis in Czech Republic, Rutte in the Netherlands, Brexit in UK, etc.
Liberals like to blame racism towards migrants for the world's right turn but there are no migrants in Brazil and the Philippines.
It's not about racism. It's about ordinary people who want to be heard and who want their concerns to be taken seriously by the elite.
Ordinary people don't want to explore the underlying causes of the world's problems, they want the problems to stop.
Happiness said:
Again w the ?ordinary people ? trope .
But in your rush to claim the higher ground - you did layout some good factoids ? and it begs the question . Why ?
The rise of far-right politicians across countries that have faced vastly different economic circumstances and immigration flows makes me inclined to place a lot more of the blame on social media than I would have a year ago.
WhatsApp is heavily to spread rumors And Create fear and in many cases ? such as India ? where you have lynching and murder of minorities for ?crimes ? such as suspicion of eating or transporting beef .
Many of the domestic terrorists in the US like these two last week had radical views that only got amplified via isolated bubbles of social media echo Chambers.
But on the recent Brazil election , let me point out a few things since I have spent time there ? Brazil IS a country full of prejudices & social hierarchy in which everyone is ?used? to having someone to look down on. ?Value & disdain? follows a skin colour & hair fibre scale. When the middle class kid finds himself siting next to their domestic help offspring, social relations of superiority & ?place? have been challenged too far.
When the nanny that one treated like semi-slave no longer has to put up with the ?Senhor & Senhora? Abuse as she can now access welfare support & say no to a degrading position & get help to keep her kids in school rather than cleaning windscreens, ppl go ballistic. How dare one challenges my position at the top! How dare that ?preto? stops opening the doors for me & being Grateful for ?charity?. You get the gist.
Bolsonaro represents a return to the known ?order of the social classes?. Patriarchy, religious oppression, homophobia, classism these are the make up of Brazil?s social ?soul? at the moment
Perspective
Well-known member
Happiness said:
Who are the "ordinary people"? This is like using the term "middle class." Few people exclude themselves when using the term, rendering the term meaningless. What are the problems concerning these ordinary people?
Perspective said:
Survey after survey has shown trump supporters have higher incomes not Lower
The common thread binding them is education (lower) and vulnerability to being influenced by conspiracy / fake news on social media
Those fake news companies in Eastern Europe tried targeting dems too in the 2016 cycle . But as many interviews with them after showed , once a blue leaning fake news was debunked , there was no ?market? for it
Majority of Trump voters have a ?herd like ? And tribal mentality . And then ofcourse there the few who know better but are willing to destroy the country for a few Bucks in their pocket from tax cuts and Supreme Court martyrdom