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Oil price caps, blockades and more sanctions w/Tom Luongo (Live)

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

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The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

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penrose
penrose
July 1, 2022

If the Sage of Baltimore, H. L. Mencken, were around today, he would throw up his hands in horror and say “I give up.” 🙂

intp1
Reply to  penrose
July 1, 2022

As Mencken once said: For every complex problem there is an answer that is clear, simple, and wrong.

This price cap idea is madcap. They may as well decree that the tides stop ebbing and flowing.

penrose
penrose
July 1, 2022

In mathematics, we often look at problems by examining extremes. For examining world population issues, let us ask what would happen if there were 100 Billion people. How would that work out?

penrose
penrose
July 1, 2022

Nukes are there. No agreement will change that. Best learn how to deal with them in a calm and rational manner instead of hysterically.

penrose
penrose
July 1, 2022

I see that Tom has an opinion on Nabiullina which I tend to agree with. Nice.

penrose
penrose
July 1, 2022

But Tom’s idea of Russia importing foreign labor is a problem. Short term solution which can turn into long term disaster. Germany bringing in Turks is a quintessential example. Sorry, but your National Gene Pool is way more important than a few new roads.

penrose
penrose
July 1, 2022

It’s logical for a nation to follow its national interests. It helps if the leaders of that nation are bright enough to actually understand what those are.

penrose
penrose
Reply to  penrose
July 1, 2022

For example, during WWI the German leaders thought it was in their national interest to promote communism in Russia. How did that work out in the long run.

penrose
penrose
July 1, 2022

Any country that would put in Macron as their leader is clearly hopeless.

penrose
penrose
July 1, 2022

For Putin, the EU should be at about the level of a good British Comedy. How about “Would I lie to you.” Fits perfectly.

penrose
penrose
July 1, 2022

Odessa goes to Russia. End of story. Any other outcome is unthinkable.

uncle tungsten
uncle tungsten
Reply to  penrose
July 2, 2022

The Kazarian mafia will be apoplectic with that outcome.

J.P.
J.P.
July 1, 2022

Great discussion! 🙂

uncle tungsten
uncle tungsten
July 2, 2022

Thanks Tom, I think you just made the case for the rest of the world’s indebted nations to repudiate their western debts as odious burdens. Time will tell.

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