Economics by Wes.....
Imagine you wanted to buy things online and websites only accepted paypal. You didn't mind at first but then paypal started taking 2% more of your money each year. If they found out you did something they didn't like, they would suspend your ability to conduct any transactions. But you have to use them because all the websites you order things from only take paypal. Paypal knows this too and locked in the merchants with a 50 year agreement. Then they start taking 20% of your transactions as fees every year instead of the old 2%.
This really sucks but they are the only game in town..... Imagine what would happen if all the merchants started accepting Visa and Mastercard. All the people who hated paypal's fees and arbitrary lockout rules would cash out their paypal balance and GTFO and run to MasterCard.
Friends this is what just happened in the world last night. In 1974 the US entered into an agreement with Saudi to sell oil only in dollars for 50 years. Along the way, the US has continued to print money and devalue the dollars held in other nation's vaults for international trade. The US has imposed sanctions on countries we didn't like by locking them out of the SWIFT payment system. The EU did the same to Russia two junes ago. Russia needed to make a payment of $40M to the EU but the EU had frozen their bank account.... the money was there, the bank would not process the transaction. These sorts of stunts have made other countries hate having to deal in US dollars (ie paypal). The first alternative that comes along will have everyone jumping to it.
Presently there are about 40 nations involved in BRICS. Their combined GDP is greater than the G7 nations. Those nations no longer have to use USD and you can bet they will be cashing out of dollars.
I'm telling you this because you need to buy the things you think you will need in the furture TODAY. You will look back on this month in the next year and see an inflexion point in the chart of inflation.
How many of you hesitated to buy 9mm when it was 18c a round? Boy you'd love 18c 9mm right now wouldn't you? Boy you'd love 25c 5.56 right now wouldn't you? Don't get a year down the road and wish you'd bought a tiller or solar, or a generator.... or a spare water pump. Trust me you will look back on today and wish you had bought something.
Pedophile elites wanted to buy an Island, asked if it "comes with children".
Agent replied, the Island "does have a small school"
They don't know camera was rolling
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🇺🇸 #Oklahoma high school principal (Kirk Moore) seen charging at and disarming a school shooter.
The suspect, identified as 20-year-old Victor Hawkins, was a former student who said he wanted to shoot up the school “like the Columbine shooters did.” While taking down the shooter, Moore was shot in the leg. He is expected to recover.
When the Principal woke up that day, he never thought he would be tackling a gunman.
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Oilprice.com
Two months after the U.S. and Israel bombed Iran on February 28, the Strait of Hormuz remains closed for most tanker traffic, forcing more than 10 million barrels per day (bpd) of crude output shut-ins across the Middle Eastern oil producers.
The two-month-long closure of the Strait of Hormuz is longer than analysts had expected at the start of the war. Most assumed back then that the Strait would open by April and producers could restart shut-in wells in May.
Even if the Strait of Hormuz opened to free tanker traffic today, oil supply from the Middle East will take months to start flowing again and reach consumers in Asia, who were the first to feel the supply shock.
The longer the chokepoint remains off limits to most tanker traffic, the worse the scars would be on global supply and economic growth.
The restart of thousands of oil wells across the Middle East would be a big challenge. Some countries would need weeks, but others – like Iraq – many months to bring ...
🍚 War on Iran & El Niño threaten world rice production
Global rice supply is expected to decline this year as farmers across Asia reduce planting areas due to fertilizer shortages and higher fuel costs linked to the US-Israeli war on Iran, while an emerging El Niño weather pattern is also likely to further limit production of the world’s most widely consumed staple.
The impact of the war in West Asia is being felt by farmers in major exporting countries such as Thailand and Vietnam, as well as in import-dependent nations like the Philippines and Indonesia, according to growers and traders. Disruptions to fuel and fertilizer shipments through the Strait of Hormuz, a key global shipping chokepoint linking the Gulf to international markets, have contributed to the strain.
Smallholder farmers in Southeast Asia are also facing added pressure as El Niño is expected to bring hotter and drier conditions in the second half of the year.
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🛢 “Why aren’t oil prices higher?” “How can the oil market be so complacent?”
Oil prices almost always trade to extremes. Right before it does, it always gets “obvious” from a fundamental setup standpoint.
I remember a great conversation I had with Nelson Wu of Open Square Capital about the oil market being analogous to toilet paper. You don’t realize how badly you need it until you run out of it.
Oil prices trade on the margin. As long as there are onshore inventories to draw from, traders don’t panic. It’s when you run low on onshore inventories that panic starts to set in.
Goldman published an update on Thursday that basically captured the storage math phenomenon that we are seeing:
Global visible total oil inventories remain bloated relative to historical standards. If, for example, we had started the conflict with global oil inventories at the 2025 lows, WTI and Brent would already be above $200/bbl.
The ~1.4 billion bbl cushion at the start of 2026 is what gave the US ...