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Message
re: China buying Iranian oil as retaliation for trade deal failures--
Posted on 5/19/19 at 4:59 am to bfniii
Posted on 5/19/19 at 4:59 am to bfniii
Who said chini was buying Iranian oil?
Lets try economics 101 IB. Oil is fungible, as a previous poster has already said. Thousands of entities selling it. But in Iran's case there are only a few willing to buy it, and in their case only one that can actually pay for it (unless you want to take a chance with Venezuela, yes they do buy oil to mix with that shat heavy crude).
So chini is willing to "pay". They also have to send a tanker and insure it themselves since everyone else is afraid of being bumped off the SWIFT banking system. So they deduct that off the already cheap cheap "price" they are willing to "pay".
At the end of the day Iran is getting back less per barrel than it cost to get it out of the ground, thus they are just gutting themselves to get the cash flow, similar to selling your blood or the family silverware, eventually you wont even have the cash flow to pull it out of the ground.
But go ahead and fantasize, chini is "buying" oil from Iran.
chini better enjoy, soon they will be on the other end of that stick, the receiving end, and its a big one, wielded by the most powerful country in the world, that is sick and tired of their mia copa worn out shat and their spokesperson IB.
Lets try economics 101 IB. Oil is fungible, as a previous poster has already said. Thousands of entities selling it. But in Iran's case there are only a few willing to buy it, and in their case only one that can actually pay for it (unless you want to take a chance with Venezuela, yes they do buy oil to mix with that shat heavy crude).
So chini is willing to "pay". They also have to send a tanker and insure it themselves since everyone else is afraid of being bumped off the SWIFT banking system. So they deduct that off the already cheap cheap "price" they are willing to "pay".
At the end of the day Iran is getting back less per barrel than it cost to get it out of the ground, thus they are just gutting themselves to get the cash flow, similar to selling your blood or the family silverware, eventually you wont even have the cash flow to pull it out of the ground.
But go ahead and fantasize, chini is "buying" oil from Iran.
chini better enjoy, soon they will be on the other end of that stick, the receiving end, and its a big one, wielded by the most powerful country in the world, that is sick and tired of their mia copa worn out shat and their spokesperson IB.
This post was edited on 5/19/19 at 8:12 am
1
Posted on 5/19/19 at 5:12 am to trinidadtiger
We should just roll back our sanctions then. Clearly you consider them futile. I suppose it was stupid of Trump to attempt to impose those sanctions in your eyes given the nature of oil.
I agree.
I agree.
This post was edited on 5/19/19 at 5:15 am
Posted on 5/19/19 at 8:16 am to I B Freeman
The reason they are forced to sell their oil well below the market price is because of the sanctions IB and very ignorant to state otherwise.
Posted on 5/19/19 at 9:00 am to I B Freeman
quote:
Greenspan, in regards to the military buildup and Huawei technology, warned that it could ultimately end with a nuclear conflict.
Worst scare tactic ever. IB just go all the way and post a quote that Trump via his trade policy with China is putting the worlds children at risk.
Posted on 5/19/19 at 9:06 am to I B Freeman
Did you even read your own post. Thank you for supporting anf legitimizing my stance through it.
See my post on American companies in China on the prior page.
Do you remember me stating that Huawei was a dangerous company largely controlled by the Chinese military? Perhaps you will also remember your wholehearted support of Huawei (complete with links to support your stance). I remember.
And lastly, this affirms my stance from the get go concerning China...
I have stated that there will be pain but that China will be much more heavily damaged. Sometimes you have to stand up to a bully. If you take some lumps in the process, so be it.
Merica!
quote:
I remember that when we first dealt with the Chinese,” he said, “We essentially had a significant number of places where we could build plants provided we made the technology available to the Chinese partner who was made part of us as a condition of coming in. And then what would happen is they'd build the plant. And then they'd build another plant, which they had a hundred percent ownership, and the issue of intellectual property is really an issue. The rest of it is not.”
See my post on American companies in China on the prior page.
Do you remember me stating that Huawei was a dangerous company largely controlled by the Chinese military? Perhaps you will also remember your wholehearted support of Huawei (complete with links to support your stance). I remember.
quote:
Greenspan, in regards to the military buildup and Huawei technology, warned that it could ultimately end with a nuclear conflict.
And lastly, this affirms my stance from the get go concerning China...
quote:
President Trump has blasted China for unfair trade practices, including intellectual property theft. Greenspan said this is where “he happens to be correct.”
I have stated that there will be pain but that China will be much more heavily damaged. Sometimes you have to stand up to a bully. If you take some lumps in the process, so be it.
quote:
So the winner is the one who loses the least.”
Merica!
This post was edited on 5/19/19 at 9:08 am
Posted on 5/19/19 at 9:10 am to goatmilker
quote:
Greenspan, in regards to the military buildup and Huawei technology, warned that it could ultimately end with a nuclear conflict.
Worst scare tactic ever. IB just go all the way and post a quote that Trump via his trade policy with China is putting the worlds children at risk.
Agree with you. Thats real rich isnt it goatmilker. So I either take your technology so you can continue to steal me blind, or you nuke me.
Sounds like a war, an economic war, that this president finally figured out eh?
Posted on 5/19/19 at 10:18 am to I B Freeman
I'm no more a fan of Bolton than I am of outsourcers.
Posted on 5/19/19 at 2:29 pm to Boatshoes
anyone notice how ib responds to everyone but me?
i wonder why that is
i wonder why that is
Posted on 5/19/19 at 4:09 pm to YumYum Sauce
He does have aspergers. Plus he’s Chinese.
Posted on 5/19/19 at 4:30 pm to trinidadtiger
You got a link to them selling below market?? Does that matter? How far do you want to go with these crazy reasons to avoid acknowledging that in regards to China we are now faced with ignoring their lack of cooperation on Iran (China, of course, could take all their production if they wanted relieving them of most all the stress of sanctions) or confrontation beyond trade?
You are only taking the other side of this because I pointed it out. If a Trumpkin had pointed it out--if there is one with a view that broad--you would have agreed.
You are only taking the other side of this because I pointed it out. If a Trumpkin had pointed it out--if there is one with a view that broad--you would have agreed.
This post was edited on 5/19/19 at 4:50 pm
Posted on 5/19/19 at 4:31 pm to goatmilker
Not my words--Greenspan's. Why attack me? You just don't like reading it because it is not something you agree with?
Posted on 5/19/19 at 4:48 pm to jimmy the leg
quote:
Perhaps you will also remember your wholehearted support of Huawei (complete with links to support your stance). I remember.
No. I do not remember my wholehearted support of Huawei.
I remember me pointing out the literal hundreds of US patents that Huawei has. I remember me pointing out they are ahead of their competitors in a lot of 5G technology.
I do not remember me supporting them. If Americans want to do business with them I support their right to do that. If they are an "enemy" I support them being prosecuted and banned from the US. Is Trump proposing to do that?
quote:
, including intellectual property theft
I have NEVER EVER said this was not happening and like Greenspan I understand where ALL the legal theft of IP occurs. That is China.
HOW many times have I told you this trade war is about changing IP laws (and finance requirements) in China so US multinationals can do business in China without giving up ownership and IP??
We have plenty of IP protection laws in the US and have plenty of resources to prosecute IP theft in the US. You can google IP theft in the US and find several cases where we are protecting IP theft here.
IP protection simply doesn't exist in China the way it does here. Same for a lot of countries. Simply because you have filed a patent here or a trademark here there is no reason to expect that patent or that trademark is protected in China.
IF YOU WANT TO PROTECT YOUR IP DO NOT DO BUSINESS IN CHINA. You have no recourse there.
I do not support punishing all Americans with tariffs so that US companies can have the same IP protection in China they have in the US.
Greenspan is acknowledging the IP problems in China and I have been since the beginning.
BUT you are the idiot that says there is no business for US companies to do in China AND you still support the punishment of US citizens with tariffs.
China has moved to strengthening their IP laws and companies like Huawei will benefit and will realize more profit because of it. That is not something I want to fight a trade war over. You shouldn't either.
Now not only do you support a punishing trade war, you must also want to either back off our Iranian sanctions or escalate our war with China so that multinationals can sell into China.
Why do you want to go to such extremes to support the multinationals wishing to invest in China?
This post was edited on 5/19/19 at 4:52 pm
Posted on 5/19/19 at 4:53 pm to I B Freeman
ib still posting acting like i don't exist.
in the immortal words of roy stalin, "snort, snort. weeuu, weeuu. looking really good today buddy."
in the immortal words of roy stalin, "snort, snort. weeuu, weeuu. looking really good today buddy."
Posted on 5/19/19 at 4:58 pm to I B Freeman
I believe it to be possible that any business can operate in any country without IP theft if the will is there by the parties involved to do so and that includes China.
This post was edited on 5/19/19 at 5:05 pm
Posted on 5/19/19 at 5:27 pm to goatmilker
Well you can find counterfeit products in a lot of countries.
One of the things that has allowed our country to advance as it has is our respect for private property including IP.
No reason to take more of my property through tariffs to try to protect companies that want to do business in countries that do not have good IP laws.
Right there is 80% of what this trade war is about. Boeing has already built an assembly plant in China. Apple employs thousands in China now but is reluctant to market all their stuff to the Chinese public because of IP. Cat wants to build more plants there and does not want forced partners. On and on.
These people have a lot of lobbying power in DC and we have a trade war now. (It is starting to bite Boeing in the arse.) Trump it seems has now gone from" lets get a deal done quick and end these tariffs" to "the tariffs are good politically in the essential union states of WI, MI, OH and PA" and it is better to continuing punishing the rest of the country until the election is over.
One of the things that has allowed our country to advance as it has is our respect for private property including IP.
No reason to take more of my property through tariffs to try to protect companies that want to do business in countries that do not have good IP laws.
Right there is 80% of what this trade war is about. Boeing has already built an assembly plant in China. Apple employs thousands in China now but is reluctant to market all their stuff to the Chinese public because of IP. Cat wants to build more plants there and does not want forced partners. On and on.
These people have a lot of lobbying power in DC and we have a trade war now. (It is starting to bite Boeing in the arse.) Trump it seems has now gone from" lets get a deal done quick and end these tariffs" to "the tariffs are good politically in the essential union states of WI, MI, OH and PA" and it is better to continuing punishing the rest of the country until the election is over.
This post was edited on 5/19/19 at 5:30 pm
Posted on 5/19/19 at 5:42 pm to I B Freeman
quote:Not according to the UK.
The top secret "threat" that caused Bolton to send two carriers into the Persian Gulf may very well have been nothing more than a tightening of a blockade of Iranian ports to thwart China' purchases of oil.
You seem to be a day late and a petrodollar short.
Posted on 5/19/19 at 6:30 pm to I B Freeman
quote:
One of the things that has allowed our country to advance as it has is our respect for private property including IP.
This is one of the more idiotic posts I have seen from you. Are you kidding me, IP protection from chini. Have you ever traveled outside the US and seen all the tradmark violations, manufactured in chini. If they stopped this nonsense, from computer tech to sneakers and book bags, they would be Yemen, they simply cannot exist without the theft.
Its not about protecting Trade Marks in chini, ITS ABOUT THEM STEALING THEM AND EXPORTING THROUGHOUT THE WORLD.
Posted on 5/19/19 at 6:35 pm to I B Freeman
So you believe that a US business can never expect no IP theft if doing business in China just to be crystal clear?
Posted on 5/19/19 at 6:54 pm to trinidadtiger
quote:
One of the things that has allowed our country to advance as it has is our respect for private property including IP.
This is one of the more idiotic posts I have seen from you.
What are you saying? Are you saying we do not have IP protection the USA???
quote:
ITS ABOUT THEM STEALING THEM AND EXPORTING THROUGHOUT THE WORLD.
They can't export them to the USA now can they? So you are saying you are worried about other countries that do not recognize our trademarks and patents.
Clearly IP protection is on a country by country basis. US business has IP protection in every country based on that country's laws or lack of laws. "trinidadtiger chewing gum" has trademark protection based on the procedures and protections sought by the Trinidatiger Gum company in each country. Some countries may not have any protection for Trinidatiger gum.
Posted on 5/19/19 at 6:55 pm to goatmilker
quote:
So you believe that a US business can never expect no IP theft if doing business in China just to be crystal clear?
No. I said any company seeking to protect it's IP should not do business in China. How could read what I said and not think that?
It would behoove the Chinese to encourage foreign investment in their country and one of the first thing they should do along those lines is to strengthen their IP protection laws.
Now I couldn't care less if their economy grows from foreign investment and I see no need to try to force them toward better policies by punishing Americans with tariffs.
You guys want us to pay more and you want to reduce supplier options for Americans so American multinationals can invest more and sell more into China. This is your stance by supporting this trade war whether you realize it or not.
This post was edited on 5/19/19 at 8:59 pm
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