/kc/ - Krautchan

So if I buy gas, they're gonna pay me at the station for that?
It's time to fill the bathtub!

https://twitter.com/realDonaldTrump/status/1173368574406250496 oh nonononononono
 >>/36093/
I don't know man this is fucking surreal

 >>/36094/
> plenty of oil
Not from shale tho.
I forgot to turn off role signature.

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Lmao they tried to pump

 >>/36096/
lol, fuck me. How is the petro-dollar not worth less than toilet paper right now?

https://youtube.com/watch?v=5iRv-wva5jg

Once they stop pumping oil, is the price going to bounce hard in the other direction? Is oil going to get extremely expensive to consumers? What about the tax that is attached? If Russia has to attach too much tax to support their now crippled economy, will it be too expensive for other countries to buy?

I think we are mid-turd hitting the fan right now. The thick end is still to come.

It can't be that bad of a thing for net oil importers (i.e. most of the world).

 >>/36105/
Until you find out they use USD reserves to back their currency which has suddenly dropped in value. The main thing keeping USD floating was international medium for oil exchange.

So I did a quick search and found out there are three "benchmarks" for oil pricing, one of them is this the "West Texas Intermediate". Beside this there's still the Brent and Dubai Crude. How's those pricing stands?

 >>/36112/
Oh link.
Someone smart pls read it and explain.
https://www.investopedia.com/terms/w/wti.asp

 >>/36112/
The others are stable but not for long if wti keeps paying people to take it away. Like the earlier dip caused by deliberate flooding of Saudi oil, this will fuck everyone but worse because wti aren't doing this on purpose in a negotiations war.

 >>/36097/
I believe because it isn't oil standard currency (after they left gold, they didn't fixed it to oil), it's just that US dollar is used to trade oil. In this sense it doesn't matter the fluctuation of oil price, as long as it's traded it's done in dollar, there will be demand for it. It isn't that big hit if the price falls, that would be if they would ditch dollar and pick another currency to do it.

 >>/36123/
The problem they have is no one is buying oil, that's why they are paying people to take it away because they can't stop pumping it. That means a serious drop in transactions likely due to corona which is sinking the USD. The only other major side for the dollar is consumer spending but again corona.
This is a pretty major happening. WAY bigger than 2008 recession.

 >>/36124/
> they can't stop pumping it
that should say, at great expense and serious flow disruption

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Looks like the market is on the decline again. Most companies seem to be following this pattern. I have shares in BHP but I still want it to crash more so I can buy up cheaper shares.

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R$ 6,00 is on the horizon.

 >>/36212/
Some growth at last!

I don't think we are going to get through this so smoothly any more.

The market was in a decline last week, which actually wasn't bad or unexpected, it's what markets do and it looked like it was going to be over by Friday indeed the US market did rise on Friday. The problem is that this Covid-19 situation combined with the riots and the resurgence of the virus in China has now become a complete powder keg. What is worse is that we are even opening up as well, usually that would cause optimism in the market but it's not, that's reasonable as well consider that it could all back fire horribly. Even in Australia we know that there were people at the protests who had the virus.

If it does crash again because of this, it's going to be much harder to recover, we won't have the optimism we had before and it would serve as a second blow to an already downed economy. That's if it does crash, I'm not sure that it even will, I think what may very well happen is not a sharp drop but a long and gruelling decline as business are placed on the back foot again and their ability to make a profit decreases and the market as a whole itself starts shrinking.

For future read, I've no time now.
https://www.rt.com/business/495100-covid-19-oil-crash-recovery/
I guess they write the situation in Russia is very good, so this probably needs some followup. Maybe Bloomberg writes about the situation.

 >>/38707/
rt comments are always hilarious to read

 >>/38708/
There are comments on RT?

Oh wait, there are someone here told me once. For me all 3rd party scripts are disable on RT, I can read the articles like that, and that's enough.

 >>/38707/
> I guess they write the situation in Russia is very good

Jewsia Today can write the truth about some shit in the West, but they always lie about the situation in Russia is very good

 >>/38714/
Eh, actually it barely writes anything about Russia. It's kind of a clear hindsight article, blames everything on Covid, that it caused a collapse in oil consumption, and gives only a minor part for the Russo-Saudi price deflation - not even fits the whole narrative of the article - when back in the very beginning of March the problem was nowhere that big.
Btw it was written by Tanzeel Akhtar independent
> British
journalist. Funny.

 >>/38710/
Bottom of the page

 >>/38714/
Russians are very good at propaganda. Most people know about chernobyl but how many know about city 40 (ozyorsk)? The kushtym disaster was waaaay worse than chernobyl.

 >>/38721/
That was easier to keep hush-hush, monitoring was less widespread to detect in foreign countries, that something is going on, also that place was way more inside the Soviet Union. Chernobyl was detected everywhere around. Now while the information is available, not many look up. The tv-show sparked some interest, I believe quite a few people googled nuclear accidents/catastrophes, so now probably a little more aware.

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 >>/38721/
> The kushtym disaster was waaaay worse than chernobyl.

Not really. Chernobyl released much more material and damaged more populated region. Kyshtym disaster also was pretty serious, but relatively remote location and luck with winds helped to prevent large scale problems.

It was also much more secret, just because it happened in 50s and "Mayak" plant is closely tied with army and nuclear weapons. But information became open in late 80s, so its relative obscureness (outside of Russia) depends not on propaganda, but lack of interest.

 >>/38732/
Maybe the long term consequences are worse of the Mayak experiment. No?

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It bounced back, just not to the original level. About half.

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 >>/38735/

Mayak disaster had long lived isotopes, but overall it still less that Chernobyl in volume.

Mayak has more ecological problems though. In 50s they dumped less active waste straight into river, then understood that this isn't good at all and started to dump it into isolated lake. Then, at drought period, strong winds pulled radioactive dust from shores. Then they started to fill lake with concrete and ground, and finished only recently.

Small accidents also happened regularly. So, Mayak is something like small, but persistent Chernobyl.

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 >>/38732/
You forgot to say west gay russia strong.

In terms of radiation kyshtym was 4-5times worse than chernobyl. City 40 had many other disasters though. They dumped a shitload of waste in the lakes, we will never know how much. 

My guess is that since chernobyl was ukranian territory the russians saw the opportunity for propaganda. Its pretty genius.

 >>/38742/
This is how the Soviet destroyed my ancestral lands.
Well at least they have a place to study the results of long persistent radiation.

 >>/38743/
> 2300
They had liek 15 000. How the mighty had fallen.

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The R$ 200 banknote has been announced. The design, yet to be revealed, will feature a maned wolf.

 >>/38861/
> will feature a maned wolf
Noice. But why? Is it national treasure?
And wake me up when you guys reach 20 000 bill. That's the largest here.

https://youtube.com/watch?v=zaKHs38T_nI

that channel overall is quite good. expect to see some big changes soon.

https://youtube.com/watch?v=eNsW4ssOBxU

One of my friends claim he learned stock market from football manager, can this be true or am I getting meme'd?

 >>/41077/
is he also investing in eastern poland

 >>/41077/
Never tried stock market so I dunno. The last football manager I played with is from about 1999-2005 not sure which season, might have lotta things changed. I can't really see how those things could be applied to stock market. Sure player prices change but does that enough of a parallel?
You can ask your friend to explain.

 >>/41077/
I'm an amateur and have never played Football manager games either so take what I say with a grain of salt but anyway.


I guess it depends because there are two aspects to the stock market that sometimes overlap but not always. You have the real world company and it's operations and you have patterns on the share market. Many traders don't need to know about a company at all, they just look at patterns and act on those, this is particularly common for day traders and to some extend swing traders, day traders just check what shares are moving the most in the morning and then stare at a screen for hours watching for movements of the share price and when they expect the share is about to move in a certain direction based on patterns, swing trading is like this but has more of a basis in the real world as it's not just happening over one morning so can be impacted by global events. A game like football manager might have similar patterns and strategies that might help with this.

The other aspect is the real world company itself, and that takes much more research and knowledge about the global economy and the company itself but this is more for long term investment or for spotting opportunities to invest in a company that is cheap now but about to explode.

 >>/41077/
Technicallies? Maybes? I mean, stocks are mostly random, like football teams. idk

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Seeing this thread made me regret not investing in crypto when the prices were down in the first half of the year. Genuinely feels like a missed opportunity and lost money tbh