Archived For Norway, Oil at $50 Is Worse Than the Global Financial Crisis (bloomberg.com)
submitted ago by allenlee
Posted by: allenlee
Posting time: 5.3 years ago on
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Archived on: 2/12/2017 1:51:00 AM
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15 upvotes, 0 downvotes (100% upvoted it)
Archived For Norway, Oil at $50 Is Worse Than the Global Financial Crisis (bloomberg.com)
submitted ago by allenlee
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[–] unatco 0 points 1 point 1 point (+1|-0) ago
What do Norwegians manufacture? I'm always interest in stuff made by Scandinavians. It's up there with German and US made goods. Also this is a problem with many countries. Our currencies, transportation and manufacturing are too tied up to oil.
[–] Caboose_Calloway 0 points 3 points 3 points (+3|-0) ago
The only currency tied up to petrol is the American one. Actually it is the other way around, petrol is tied to the American currency. So if you try to buy or sell oil for any other currency the Americans will come and beat you up. This is the result of the 1973 petrodollar agreement. Look it up. it is quite interesting.
For example if you come across how Saudi Arabia's currency and military is completely tied to America, it will be crystal clear how terrorists in the Middle East get their money. It is not 'radicalized individuals' as Fox news would like you to believe, the whole system is under complete CIA control.
[–] Kithsander ago
It's funny you should say CIA, since the recently declassified CIA document came to light that talks about how the US government is giving millions of dollars to ISIS. This is the kind of stuff that, as recent as just the last couple years, would have been dismissed as crazy whack-job conspiracy theory bullshit. Now there are things leaking that some of the nuttiest conspiracy theorists wouldn't have dreampt of.
[–] Kazizmo ago
Ships and other maritime installation. Projects in Korea and Japan use a lot of Norwegian product instead of their own, because it is more reliable.
But again, that is it.
[–] kirkis ago
I wouldn't weep for Norway. They have about a million bucks per citizen stashed away and they own 1% of the entire stock market.
[–] ximian 1 point 0 points 1 point (+1|-1) ago
Never put all your eggs in one basket. economics 101. Countries like Dubai are smarter it seems.
[–] kirkis 0 points 1 point 1 point (+1|-0) ago
Actually they own 1% of the global stock market, so they have diverse investments.