11·
7 days agoGetting worked up about the debt is obviously a little silly. However it is really impressive how quickly it’s grown in the past 20 years and how little we have to show for that massive expansion.
Lando [any]
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Joined 6 years ago
Cake day: July 27th, 2020
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SPR is now at 293. The speed it’s draining is picking back up.
This all feels like cope to me. Even with the numbers cited in the article that’s still half as much oil leaving as before the war. The SPR isn’t just emptying for funsies, there is real pressure causing that to happen. The paper market not catching up until it’s bad bad would not be surprising to me at all.
Yeah Ukraine was by far the worst for former Soviet states, it had the lowest life expectancy and was actually continuing to decline. Conditions were already bad prior to the war.
https://theaviationist.com/2026/07/23/brrrrt-act/
A bipartisan group of U.S. lawmakers has introduced legislation aimed at halting the retirement of the A-10 Thunderbolt II until a fully certified replacement is operational.
Lol
A lot of them are not tanks in the normal sense, in the case of the SPR that is salt caves, so structural integrity becomes a concern at low levels.
How anyone supported him after the Nazi tattoo is ridiculous. Accepting his excuse for having it is even more embarrassing.
So many people showed their whole ass with this one. Once the nazi shit came out it should have been over, but we get yet another example of people shredding all their purported principles and getting nothing in return.
Can anyone explain to me how the oil markets are still doing well when all the US holdings continue to decline, Cushing nearing an ATL and the strategic reserve blowing through 9mmb a week?
3·2 months agoSounds fun! Will be there.
It’s the one really big problem in Mexico that I really don’t have a great answer for. AMLO also had a pretty conciliatory tone about it as well, especially in the beginning of his presidency. The murder and disappearance rates are really nuts, it’s not really something you can hand wave away.
The rhetoric at least from JD has been surprising to me, way more hostile towards Israel than we have ever seen. Trump has zero actual allegiances so that makes it a true wildcard in my mind. Could go either way, but the fact that it’s even in discussion shows how strong Iran’s position is right now.
He wants this to blow over so badly. This is kind of like when he would take a big swing and sues somebody hoping they back down, and in the rare case where someone pushes back he settles to save himself embarrassment.
I can’t believe this is real, lol. Iran kicked the US in the teeth so hard and is going to get everything it wanted. Incredible.
https://www.mehrnews.com/x3cjcs
This is from Firefox’s translate:
According to Mehr News Agency, the new details of the draft memorandum of understanding between Iran and the United States were published by a source close to the Iranian negotiating team.
The details of this draft are as follows:
۱- Permanent and immediate stoppage of war on all fronts, including Lebanon
۲- The US commitment to non-interference in Iran’s internal affairs and respect for the sovereignty of the Islamic Republic of Iran.
۳- Complete lifting of the sea blockade within thirty days
۴- US commitment to withdraw its forces from Iran
۵- Opening the Strait of Hormuz within thirty days with Iranian arrangements
۶- Suspension of sanctions on the sale of oil, petrochemical products and derivatives and Iran’s full access to its financial resources.
۷- The need to present Iran’s reconstruction plans for at least $300 billion by the United States and its allies
۸٫ ۶۰ Days of negotiations to reach a final agreement based on nuclear issues and the complete lifting of the initial, secondary U.S. and UN Security Council resolutions and the IAEA Board of Governors
۹- Repeating Iran’s commitment to the NPT to not produce nuclear weapons
۱۰- During the period of negotiations, the United States has pledged not to add to its forces in the region and will not impose new sanctions.
۱۱- The release of ۲۴ billion dollars of Iran’s frozen money in the sixty-day period of final negotiations. Half of this amount must be made available to Iran before the negotiations begin.
۱۲- Formation of a monitoring mechanism to implement the agreement.
۱۳- The final agreement is approved by the UN Security Council resolution.
۱۴- Final negotiations will not begin before the release of half of Iran’s frozen money, the suspension of Iran’s oil sanctions and the lifting of the maritime blockade, and the final agreement is only on the issue of the fate of enriched materials and enrichment, the lifting of sanctions, the reconstruction of the Iranian economy, and the discussion about Iran’s missile program and the support of resistance groups has been definitively removed from the agenda.
As the spokesman of the Ministry of Foreign Affairs announced, this text still needs to be reviewed and finalized in the relevant institutions in Iran.
A little more info, Iran is confirming it, but it’s tentative and not final.
They are not releasing the details yet, it seems like sanctions are not included and Iran is not releasing the text of the deal yet. That makes me a little nervous, we will see.
That WSJ article is wild, it is of course peppered with the usual NK fear mongering, but like you said there is a real conciliatory tone.
Also lol:
"Kim’s nuclear program thus far has proven to be a deterrent against military attacks or attempts to forcibly unseat him from power, enabling him to shift his focus to the economy. The economic progress dims hope for a nuclear deal with the U.S., since Washington has often dangled sanctions relief or economic incentives to get Pyongyang to freeze, halt or relinquish its nuclear program. "
Shocking you can start improving conditions when you don’t have to worry about a US invasion everyday.
Yeah I always have viewed MMT as just properly defining the way the our fiat system works. I just think it’s being more honest about what federal debt is and the consequences of that.