It’s coming in like a river. River ave is living up to its name. Houses should of never been built there.
Greeks Coastguard blocking a boat full of migrants
Make the turn back to Turkey
Mr Copper
The major Oil Co’s are v close to, or above all time Hi’s.
Looked like we were coming back for a minute
then, right back in the crappa!
deer79 – when will it end? Feb. 2036 🙂
We get 1 year of rally and 9 years of bleeding out.
Mr Copper
This is why I like foot notes. But if you don’t wAnt to believe it that’s your choice. I’m not going to try to convince you.
Here’s one of the references
https://www.aljazeera.com/economy/2018/4/18/iran-to-replace-us-dollar-with-euro-in-financial-reports
@goldilocks
The ONLY ones responsible for killing the US Dollar’s value has been the Federal Reserve. No inflation from 1800 to 1934, after which the Dollar has consistently lost value.
Mr Copper
Since Biden or his neocon handlers weaponizing the dollar ” SWIFT” it’s no secret countries like the Brics and more have been trading around the dollar. Iran too.
@ goldielocks
Who or what said all that? My wife used to say, the bigger the explanation, the bigger the lie. Normally, the better someone knows a subject, it can be explained with the fewest words. BTW tankers and refiner’s stocks keep going up.
Tankers oil n gas storage:
Refiners: MPC VLO PSX DINO CRAK
Large scale action around Iran…Saudi’s hitting Yemen. Trump has told Israel be ready for major action from US
Ground fighting in Iran, with anti IRGC Baluchi’s attacking them .
Mr Copper
Iran may have been instigated by a currency war. Perhaps peace in Ukraine and with a ongoing deal with Russia to buy oil plus better protection of Saudi oil will help keep prices down in the meantime.
Was Iran planning to exchange the dollar to Euro for oil? Yes
- Oil Payments in Euros: In 2016, the National Iranian Oil Company (NIOC) stated a clear preference to receive both new and outstanding oil revenues from international buyers—such as India—in Euros instead of U.S. dollars.
- Official Currency Shift: In April 2018, the Iranian government officially announced that all ministries, state organizations, and public companies would replace the U.S. dollar with the Euro as the country’s official foreign financial reporting currency to mitigate political tensions and trade restrictions tied to Washington
How was Iran going to use other currencies to attack the USD.
Instead, the conflict and economic strategy involving Iran have centered on tighter supplies, disrupted shipping, and efforts or proposals to shift away from the U.S. dollar toward alternative currencies like the Chinese yuan.
- Oil Supply Disruptions: Rather than flooding global markets, the ongoing war and tensions around the Strait of Hormuz have severely restricted or disrupted energy flows, leading to global oil price spikes and emergency stockpile releases rather than a surplus. [1, 2, 3]
- Currency Shifts (Yuan instead of Euros): Reports and strategic analyses point to Iran exploring or tying oil trade options to alternative non-dollar currencies—most notably the Chinese yuan—as part of broader de-dollarization efforts, rather than organizing a massive push into euros. [1]
- Storage and Production Pressures: At times during the conflict, reports indicated that constrained export and storage capacities caused logistical backups or local marine discharge/sickness near terminals like Kharg Island.
@deer79 re when does the BS end???
Probably after that stupid Iran war ends and diesel oil prices drop. In my view the deep state is still trying to screw up Trump and his reversal of the old status quo.
Nobody really cared about their nuclear program for DECADES, so why start a war now with Trump before the midterm elections?? I can’t think of any other reasons. I’m pretty sure Trump was somehow “forced” to sign off, or go along with the war plane.
Just like poor ole JFK was somehow “forced” into the Bay of Pigs invasion that “they” planned during the prior Ike administration, that failed and JFK, (like Trump today) took the blame.
Doesn’t seem to matter
stocks go up; we go down. Stocks go down; we go down harder….when does the BS end???
SM coming back a little
especially tech. Gold even firming a little. But these shares seem locked in with the silver price. Really hoping none of us die a slow, painful death like the pm shares! 😇
Southern Calif mass flooding
Particularly San Diego and Orange country Newport beach Seal beach Long Beach. Rains also from hurricanes flooding the streets of Las Vegas to Arizona.
More trouble in France. The big barbecue.
Quick video, more trouble in France. They hooked up their stores refrigerator systems with the Internet and hackers changed the temperature to 80 degrees. All the refrigerated foods were melted or spoiled. No off line dedicated or separate alarm systems.
So, we’re finally getting serious with Zelensky?
Hopefully this is the beginning of the end of the war, and the beginning of the end of him.
Once again though, he’s a threat to create a false flag attack on one of the NATO countries to try and invoke Art. 5 and get us involved. Although it was good to hear that no one else warned them – so maybe Trump is pulling some strings with NATO?
Hard to figure out why the slaughter today with the dollar and rates down a bit.
Just because, I guess.
Korean stock market getting clobbered
Geiger Capital
@Geiger_Capital
·
11h
No, this isn’t a crypto meme coin…
It’s the South Korean stock market.
Down -35% from the highs.
No warning for you
The Hormuz Letter
@HormuzLetter
·
26m
BREAKING: Zelensky confirms Ukraine received no intelligence warning from the US and other partners before last night’s massive Russian attack on Kyiv, where “five missiles hit civilian infrastructure.”
It comes after Ukrainian sources said the US had stopped providing launch detection.
The US threatened last week to cut off intelligence sharing with Ukraine unless Kyiv halted its strikes on Russian oil refineries. It is the only partner that provides Ukraine with ballistic missile launch detection.
Russia attacked Ukraine with more than a hundred weapons overnight. Four were killed and 41 injured in Kharkiv, where a residential building was destroyed and rescuers searched the rubble through the night.
FAFO
Wall Street Mav
@WallStreetMav
There are reports that the US has cutoff intelligence sharing and early warnings of missile launches from Russia.
This is possibly due to Ukraine threatening to attack Russian diesel shipments to the USA.
Quote
Visegrád 24
@visegrad24
·
14h
Kyiv was attacked by at least six ballistic missiles
“Ballistic targets were detected by radar only during the attack on Kyiv. No information was received about launches from enemy territory. The reasons are being established,” Ukraine’s Air Force said.
Ferrett
Wow there is a lot of ancient history in the mid east. More cultured and advanced before that fraud Mohammad came along with his immoral, murderous womanizing and heathen ways with no biblical history behind him other than what he copied from the Bible and the Bibles warnings of false prophets. Before then they were more cultured.
Sodom is really interesting because of its biblical and historical history that was witnessed and documented. I’m guessing it took 700 years not just because of scorched earth but shock waves so powerful it not just evaporated but drove sea water across it and salted the land and water. That and the emotional aspect like Pompeii a grave yard and Sodom a cursed graveyard. I didn’t know till watching that they changed the name of it to a unfortunate event. There still learning from it.
goldie, check out Gobleki Tepe too.
12,000 years ago, warnings about a recurrent celestial event.
Rates down tonight
taking the dollar with them. If I’m not mistaken, this is the third straight session in a row that 10 yr. rates are falling since being rejected at the 5.3% level for the 3rd time.
Helping the metals a little tonight, should be helping a lot more, but tech futures are down. We’ll see if London has anything to offer. Would be nice if rates and the dollar paused their uptrend so the metals could get their footing. Bitcoin of course soaring 2% while we get a measly 1/2%.