You can't make steel out of middle-easterners, only oil and soapmistermack wrote:Sounds like Iron needs an OPEC.
Iron is easier and cheaper to stockpile than oil. Easier for the customer countries to stock up while the price is low, and cut back when it rises. And the world stock of future scrap is always increasing.
Should have diversified into mining bitcoins.
Straya!
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Re: Straya!
A rational skeptic should be able to discuss and debate anything, no matter how much they may personally disagree with that point of view. Discussing a subject is not agreeing with it, but understanding it.
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Re: Straya!
Yes you did. I certainly didn't know that the Iron ore market had been so volatile.Hermit wrote:Cartels do tend to stabilise prices and maximise profits, but they are difficult to create, and they are no panacea either. Right now OPEC in general and Saudi Arabia in particular is digging its own grave by throwing the spanner in Iran's oil sales.mistermack wrote:Sounds like Iron needs an OPEC.
In my previous post I was merely explaining why a nation's possession of natural resources does not guarantee a strong currency or economy. I hope to have enlightened you on that issue.
I'll see if I can find you a biscuit.
In some ways, it can be a curse. Countries get used to the inflow of foreign money during the good times, and lose the economic diversity that would have kept things buzzing when the market took a dive.
Venezuela is the classic example.
That happened to Russia too with the oil price. They have managed to improve matters a lot in recent years, and oil and gas are not so vital to their economy as they once were.
Funnily enough, sanctions have helped quite a bit, as Russia has been growing home industries to replace imports that used to come from countries that imposed sanctions.
While there is a market for shit, there will be assholes to supply it.
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Re: Straya!
I am, somehow, less interested in the weight and convolutions of Einstein’s brain than in the near certainty that people of equal talent have lived and died in cotton fields and sweatshops. - Stephen J. Gould
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Re: Straya!
Is the kangaroo okay?
People think "queue" is just "q" followed by 4 silent letters.
But those letters are not silent.
They're just waiting their turn.
But those letters are not silent.
They're just waiting their turn.
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Unlike the pushbike rider it landed on its feet, then kept going, so my guess is yes.tattuchu wrote:Is the kangaroo okay?
I am, somehow, less interested in the weight and convolutions of Einstein’s brain than in the near certainty that people of equal talent have lived and died in cotton fields and sweatshops. - Stephen J. Gould
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Re: Straya!
The story has a happy ending, thenHermit wrote:Unlike the pushbike rider it landed on its feet, then kept going, so my guess is yes.tattuchu wrote:Is the kangaroo okay?
People think "queue" is just "q" followed by 4 silent letters.
But those letters are not silent.
They're just waiting their turn.
But those letters are not silent.
They're just waiting their turn.
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Re: Straya!
They really are thick as shit. They'll literally speed up to match your speed, and then veer straight in front of your wheels or bullbar.
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"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
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Like squirrels then. They routinely go out of their way to get run over. Somebody told me it was the squirrels poor eyesight. But what about their hearing? Are you telling me that if they heard a predator they'd run into its jaws because they couldn't see it? So how come when they hear a car they can't figure out where to run, why not just to nearest tree like they do every time a cat goes for it?
--there's an ignoble in this
--there's an ignoble in this
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Re: Straya!
Pheasants are worse. When they see you driving towards them they run under your tyres!
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Re: Straya!
One should never waste a macropod tenderised by a roo bar.JimC wrote:Very, very tasty, kangaroo...
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Rum wrote:Peasants are worse. When they see you driving towards them they run under your tyres!
People think "queue" is just "q" followed by 4 silent letters.
But those letters are not silent.
They're just waiting their turn.
But those letters are not silent.
They're just waiting their turn.
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I've only had kangaroo once but it was quite tasty. Its prohibitively expensive here, like ostrich.
Yeah well that's just, like, your opinion, man.
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Re: Straya!
The ostrich fad has finally died. It was selling cheaper than chicken. It was organic but the farms grew far too fast.laklak wrote:I've only had kangaroo once but it was quite tasty. Its prohibitively expensive here, like ostrich.
"Wat is het een gezellig boel hier".
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