3 ms·

basically every argument you make is cherry picked. the dollar was near multi-decade lows ~2 years ago. oil was at near multi-decade highs ~2 years ago. the

basically every argument you make is cherry picked. the dollar was near multi-decade lows ~2 years ago. oil was at near multi-decade highs ~2 years ago. the only thing consistent in anything you said was mid-east instability. the mid-east has been unmanageable / unstable for several eons.

Cyph0n 11y ago
And why do you think that is? Could it be the arbitrary borders drawn by the colonial powers? Or perhaps the carefully chosen dictators placed by some great power or other? I hate it when people make the instability in the Middle East seem like its entirely our (i.e. people of the Middle East) fault.
- lintiness 11y ago
  i haven't presented anything remotely resembling an argument of causality for mid-east dysfunction, nor do i want to. what i'd like is for people with political axes to grind to back their arguments with facts instead of imagined nonsense.
  - Cyph0n 11y ago
    Of course.
- djKianoosh 11y ago
  it's our ancestors faults. i'm talking way back during the industrial revolution. these decaying empires of the region in that time were ripe for the picking for the emerging powers of the world. https://en.m.wikipedia.org/wiki/Iran–Russia_relations https://en.m.wikipedia.org/wiki/Iran–Russia_relations check the history section, particularly the 1800s: "In his later years of rule, Peter the Great found himself in a strong enough position to increase Russian influence more southwards in the Caucasus, the Caspian Sea and the Black Sea at the cost of the two declining empires; the Safavid Empire and the Ottoman Empire."
  - Cyph0n 11y ago
    Good point, but it's not that simple. There are simply too many factors in play when it comes to the Middle East.
laotzu 11y ago
>dollar was near multi-decade lows ~2 years ago. oil was at near multi-decade highs ~2 years ago. Yeah, that's exactly the correlation I am pointing out. Guess who started really blowing up ~2 years ago? ISIS. More instability = less control over oil resources by the sovereign = cheaper oil for everyone else Decrease the oil price, and you increase demand for oil. Increase the demand for oil, and you increase the demand for the dollar. Increase demand for the dollar and you increase its value. Basic economics. 6/7 of the richest companies in the world in terms of revenue are oil companies, and oil is primarily traded in dollars. You'll notice that when a country starts trying to sell oil in something other than the dollar, they go on the NATO shit list: i.e. Iraq, Iran, Venezuela. https://en.wikipedia.org/wiki/Petrocurrency#Currencies_used_to_trade_oil https://en.wikipedia.org/wiki/Petrocurrency#Currencies_used_... https://en.wikipedia.org/wiki/List_of_largest_companies_by_revenue https://en.wikipedia.org/wiki/List_of_largest_companies_by_r... "War is a matter not so much of arms as of money." -Thucydides
- lintiness 11y ago
  isis is who we have to thank for $32 oil? we should all send a card.
  - laotzu 11y ago
    If you have anything of actual substance to say I'm open to debate. I see from your comment history you have specialized financial knowledge which might offer valuable comment on this economic theory.

Cyph0n 11y ago

And why do you think that is? Could it be the arbitrary borders drawn by the colonial powers? Or perhaps the carefully chosen dictators placed by some great power or other? I hate it when people make the instability in the Middle East seem like its entirely our (i.e. people of the Middle East) fault.

lintiness 11y ago
i haven't presented anything remotely resembling an argument of causality for mid-east dysfunction, nor do i want to. what i'd like is for people with political axes to grind to back their arguments with facts instead of imagined nonsense.
- Cyph0n 11y ago
  Of course.
djKianoosh 11y ago
it's our ancestors faults. i'm talking way back during the industrial revolution. these decaying empires of the region in that time were ripe for the picking for the emerging powers of the world. https://en.m.wikipedia.org/wiki/Iran–Russia_relations https://en.m.wikipedia.org/wiki/Iran–Russia_relations check the history section, particularly the 1800s: "In his later years of rule, Peter the Great found himself in a strong enough position to increase Russian influence more southwards in the Caucasus, the Caspian Sea and the Black Sea at the cost of the two declining empires; the Safavid Empire and the Ottoman Empire."
- Cyph0n 11y ago
  Good point, but it's not that simple. There are simply too many factors in play when it comes to the Middle East.

laotzu 11y ago

>dollar was near multi-decade lows ~2 years ago. oil was at near multi-decade highs ~2 years ago. Yeah, that's exactly the correlation I am pointing out. Guess who started really blowing up ~2 years ago? ISIS. More instability = less control over oil resources by the sovereign = cheaper oil for everyone else Decrease the oil price, and you increase demand for oil. Increase the demand for oil, and you increase the demand for the dollar. Increase demand for the dollar and you increase its value. Basic economics. 6/7 of the richest companies in the world in terms of revenue are oil companies, and oil is primarily traded in dollars. You'll notice that when a country starts trying to sell oil in something other than the dollar, they go on the NATO shit list: i.e. Iraq, Iran, Venezuela. https://en.wikipedia.org/wiki/Petrocurrency#Currencies_used_to_trade_oil https://en.wikipedia.org/wiki/Petrocurrency#Currencies_used_... https://en.wikipedia.org/wiki/List_of_largest_companies_by_revenue https://en.wikipedia.org/wiki/List_of_largest_companies_by_r... "War is a matter not so much of arms as of money." -Thucydides

lintiness 11y ago
isis is who we have to thank for $32 oil? we should all send a card.
- laotzu 11y ago
  If you have anything of actual substance to say I'm open to debate. I see from your comment history you have specialized financial knowledge which might offer valuable comment on this economic theory.