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Joined 1 year ago
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Cake day: June 17th, 2023

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  • You can, or could, in Venezuela and Iran. Europe trades in oil all the time, but the petrodollar reigns supreme for international trade with oil producing nations. That’s not in question. The point is how much that will impact on international trade relations, now and in the future.

    As currencies diversify, as power needs diversify and as stability and increased trade between all nations increases, the majority of trade may still remain in dollars, but that provides less power for America than historically. Oil is less important and the traded currency is also less important. This also improves with improved digital process of payments and faster shipping routes. It’s assumed that is part of the reason Russia values the arctic, for shipping routes.

    There may be limited appetite for more ruoee trades now, but a trial balloon is always the first step and there may be more on an ad hoc basis. India may start to trade with Iran or Russia in increasing volume but wish to have rupee trade. A large customer like that may find that one supplier plays ball.












  • I think it’s more that not every comment gets upvoted after there is quite a few.

    Early comments get voted on by merit. Once there is a few comments that have sufficient upvotes and replies, they become their own ecosystem.

    If I’m in the comments of a popular post, I might upvote the first few top level comments I see as all make a good point. The fifth might make the best point and deserve to be higher, but alas, it only gets one upvote. By the time I get to the sixth, it’s just saying the same thing differently, no upvote needed. Seventh is interesting, so upvote, but it’s getting boring now. I don’t read further comments.

    Other people stop at comment 10. Others stop at 4. So the first few get magnified, the rest struggle for the same level of attention and eyeballs. But it’s not a competition. So if the discussion is good, who cares. The 10th discussion might be the best because all the people with short attention spans, like me, aren’t there.