Northern Iraq falls to Al Qaeda, $400 million looted from central bank.

londonfog

londonfog

Well-Known Member
Dr Kynes said:
Commerce is not control

if the arabs want to stop selling oil, and keep it for themselves, THEY CAN

we BUY their shit, we dont steal it

i can buy oil with gold, with british pounds, with russian rubles, with chinese wan, with north korean dongs (lulz) or with euros.
the SELLER decides if he will accept my proffered exchange medium, the buyer cant force him to sell.
Click to expand...
You poor naive person. The day an arab stop selling oil with the dollar is the day they find themselves like Saddam and Gaddafi. Both wanted to come off dollars for oil. Both are now very dead.
You try to come off very knowing and intelligent, but you are not. Do you at least travel ?
 
Dr Kynes

Dr Kynes

Well-Known Member
londonfog said:
You poor naive person. The day an arab stop selling oil with the dollar is the day they find themselves like Saddam and Gaddafi. Both wanted to come off dollars for oil. Both are now very dead.
You try to come off very knowing and intelligent, but you are not. Do you at least travel ?
Click to expand...
so you are arguing that the chines buy russian oil in dollars because otherwise we will fuck them up....

who is naive?

the dollar is the primary unit for almost all international transaction, not because we will kick your ass if you use something else, but because it is RELATIVELY STABLE

before long the Euro may overtake the dollar in international transactions, does this mean we will go to war with the EU?

https://www.imf.org/external/pubs/ft/fandd/1998/06/tavlas.htm

AND china?

http://www.wto.org/english/res_e/reser_e/ersd201210_e.pdf

if i go to London on holiday with one pocket full of US Dollars and another pocket full of the same value in Lithuanian Litas, which one will merchants publicans and taxi drivers prefer as payment for their goods and services?

if i go to mexico, same proposition.

only in Lithuania does the Lita stand a chance against the dollar, and even then some might STILL prefer greenbacks over their national currency.

outside Mexico, the Mexican Peso is as worthless as Disney Dollars.

it may make you sad that all currencies are not equally valued all over the world, but theres an easy solution: use a currency that IS valued.
 
londonfog

londonfog

Well-Known Member
Dr Kynes said:
so you are arguing that the chines buy russian oil in dollars because otherwise we will fuck them up....

who is naive?

the dollar is the primary unit for almost all international transaction, not because we will kick your ass if you use something else, but because it is RELATIVELY STABLE

before long the Euro may overtake the dollar in international transactions, does this mean we will go to war with the EU?

https://www.imf.org/external/pubs/ft/fandd/1998/06/tavlas.htm

AND china?

http://www.wto.org/english/res_e/reser_e/ersd201210_e.pdf

if i go to London on holiday with one pocket full of US Dollars and another pocket full of the same value in Lithuanian Litas, which one will merchants publicans and taxi drivers prefer as payment for their goods and services?

if i go to mexico, same proposition.

only in Lithuania does the Lita stand a chance against the dollar, and even then some might STILL prefer greenbacks over their national currency.

outside Mexico, the Mexican Peso is as worthless as Disney Dollars.

it may make you sad that all currencies are not equally valued all over the world, but theres an easy solution: use a currency that IS valued.
Click to expand...
when did Russia or China become Arab's. Please go back and follow our conversation.
londonfog said:
You poor naive person. The day an arab stop selling oil with the dollar is the day they find themselves like Saddam and Gaddafi. Both wanted to come off dollars for oil. Both are now very dead.
You try to come off very knowing and intelligent, but you are not. Do you at least travel ?
Click to expand...
and your reply is what ??
 
Dr Kynes

Dr Kynes

Well-Known Member
londonfog said:
when did Russia or China become Arab's. Please go back and follow our conversation.
and your reply is what ??
Click to expand...
nobody uses any arab nation's currency outside that nation itself, because they are fiat currencies operated by fickle and irresponsible numbskulls.

dollars and euros are the medium of international exchange by default, unless (as with Iran and India) the participants decide to make their deal in... DUN DUN DUN!!! Rupees.

http://articles.economictimes.indiatimes.com/2013-07-14/news/40570111_1_halkbank-rupee-payments-iranian-oil

have we declared war on india yet?
or iran?
no?

well then youre full of shit.

this "petrodollar" nonsense is just more bullshit from the left wing midden heap, where any imprecation against the US is considered valid, truthful and important, no matter how unfounded it may be.
 
londonfog

londonfog

Well-Known Member
Dr Kynes said:
nobody uses any arab nation's currency outside that nation itself, because they are fiat currencies operated by fickle and irresponsible numbskulls.

dollars and euros are the medium of international exchange by default, unless (as with Iran and India) the participants decide to make their deal in... DUN DUN DUN!!! Rupees.

http://articles.economictimes.indiatimes.com/2013-07-14/news/40570111_1_halkbank-rupee-payments-iranian-oil

have we declared war on india yet?
or iran?
no?

well then youre full of shit.

this "petrodollar" nonsense is just more bullshit from the left wing midden heap, where any imprecation against the US is considered valid, truthful and important, no matter how unfounded it may be.
Click to expand...
You try to hard...so hard you miss

OPEC uses ????
 
Dr Kynes

Dr Kynes

Well-Known Member
londonfog said:
You try to hard...so hard you miss

OPEC uses ????
Click to expand...
by agreement in exchange for various concessions, Opec LARGELY uses the US Dollar for their international transactions.

Iran is a member of Opec, and they, as just demonstrated, also sell their oil in Rupees.

where's your god now?

international capital transactions use stable currencies for exchanges. this often means the US Dollar is the preferred choice.
there is no requirement that the US Dollar be used, not even for oil.

Iran could sell their oil in North Korean Dongs, but since NOBODY values the Dong, they will be fucked.

you could buy oil, or any goods or services using any medium of exchange you wanted, the British Pound, the Indian Rupee, the German Mark, the Italian Lira, the Euro, buffalo hides, shiny pebbles, seashells, or Nuka Cola Bottle Caps.

only the buyer and seller's agreement determines the medium of exchange.
 
londonfog

londonfog

Well-Known Member
Dr Kynes said:
by agreement in exchange for various concessions, Opec LARGELY uses the US Dollar for their international transactions.

Iran is a member of Opec, and they, as just demonstrated, also sell their oil in Rupees.

where's your god now?

international capital transactions use stable currencies for exchanges. this often means the US Dollar is the preferred choice.
there is no requirement that the US Dollar be used, not even for oil.

Iran could sell their oil in North Korean Dongs, but since NOBODY values the Dong, they will be fucked.

you could buy oil, or any goods or services using any medium of exchange you wanted, the British Pound, the Indian Rupee, the German Mark, the Italian Lira, the Euro, buffalo hides, shiny pebbles, seashells, or Nuka Cola Bottle Caps.

only the buyer and seller's agreement determines the medium of exchange.
Click to expand...
yawn...you write a lot to say nothing.
Let me know when OPEC changes from the dollar.
 
S

schuylaar

Well-Known Member
Dr Kynes said:
so you are arguing that the chines buy russian oil in dollars because otherwise we will fuck them up....

who is naive?

the dollar is the primary unit for almost all international transaction, not because we will kick your ass if you use something else, but because it is RELATIVELY STABLE

before long the Euro may overtake the dollar in international transactions, does this mean we will go to war with the EU?

https://www.imf.org/external/pubs/ft/fandd/1998/06/tavlas.htm

AND china?

http://www.wto.org/english/res_e/reser_e/ersd201210_e.pdf

if i go to London on holiday with one pocket full of US Dollars and another pocket full of the same value in Lithuanian Litas, which one will merchants publicans and taxi drivers prefer as payment for their goods and services?

if i go to mexico, same proposition.

only in Lithuania does the Lita stand a chance against the dollar, and even then some might STILL prefer greenbacks over their national currency.

outside Mexico, the Mexican Peso is as worthless as Disney Dollars.

it may make you sad that all currencies are not equally valued all over the world, but theres an easy solution: use a currency that IS valued.
Click to expand...
like no drama and his bitcoin?

:lol:
 
Dr Kynes

Dr Kynes

Well-Known Member
schuylaar said:
like no drama and his bitcoin?

:lol:
Click to expand...



bitcoin is the Fiat of fiat currencies
(you see, Fiat is renowned for making shitty cars that break down at an alarming rate, i tell you this because i know you chicks dont know much about cars... )

it has no backing, no standing, and no value except to people stupid enough to trade it for goods or services.
 
Harrekin

Harrekin

Well-Known Member
Dr Kynes said:


bitcoin is the Fiat of fiat currencies
(you see, Fiat is renowned for making shitty cars that break down at an alarming rate, i tell you this because i know you chicks dont know much about cars... )

it has no backing, no standing, and no value except to people stupid enough to trade it for goods or services.
Click to expand...
That's strange, cos from where I'm sitting BTC is worth approximately 600x more that the dollar.
 
C

ChesusRice

Well-Known Member
Harrekin said:
You're obviously ignorant to how they work.

That's fine, you stupid people can keep saying retarded shit like what you said above, we'll keep making bank ;)
Click to expand...
http://rt.com/business/bitcoin-flexcoin-hack-closes-870/
Bitcoin bank folds after hacker robbery

Bitcoin bank folds after hacker robbery — RT Business
rt.com/business/bitcoin-flexcoin-hack-closes-870/
RT
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Mar 5, 2014 - Bitcoin storage site Flexcoin announced Tuesday that it has closed after hackers robbed it of some $600000 worth of digital currency.
 
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