tag:blogger.com,1999:blog-2761684730989137546.post7494731077663865207..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: The Burning of Chambersburg, PA in the Civil Warmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-2761684730989137546.post-23686465227190971652015-11-30T23:36:55.911-05:002015-11-30T23:36:55.911-05:00Shias see Turkey as definitely in the Sunni camp.
...Shias see Turkey as definitely in the Sunni camp.<br /><br />Turkey Boosts Arms Supplies to Syria Terrorists in Exchange for Oil, Antiques<br />http://en.farsnews.com/newstext.aspx?nn=13940909001091Roger Ericksonhttps://www.blogger.com/profile/17515506247888521516noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-41657064312006930532015-11-30T19:24:26.445-05:002015-11-30T19:24:26.445-05:00"ISIS is selling most of it's oil back to..."ISIS is selling most of it's oil back to Assad"<br /><br />Where's your link for that, Ignacio. If that were the case, Russia would just bomb any oil-tanker convoy NOT heading to Assad's strongholds & ports.<br /><br />Plus, Assad wouldn't be able to give them all the weapons & logistics support they've gotten.<br /><br />Eager to examine your supporting links.Roger Ericksonhttps://www.blogger.com/profile/17515506247888521516noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-26500181269337906742015-11-30T16:46:48.709-05:002015-11-30T16:46:48.709-05:00I,
I'm not well read into it but this is the ...I,<br /><br />I'm not well read into it but this is the first time I've heard of the confederates seeking the Union greenbacks as official policy... <br /><br />The history generally has the confederates paying for provisions taken from the agricultural producing locals in Pennsylvania with confederate currency:<br /><br />Here:<br /><br />Recognizing the need to avoid turning public opinion against his troops, General Lee on June 22 had issued General Orders Number 72, admonishing his men to avoid injuring or destroying private property. The order also placed the army's quartermaster corps in charge of appropriating goods for military use, all of which it would pay for in Confederate money, which, however, was worth only a fraction of Northern currency. If the owner refused to accept such payment, officers were to issue a receipt that enumerated the goods taken. Owners refusing to comply with requests for supplies would have their goods seized, but receipts would still be issued.<br /><br />http://explorepahistory.com/story.php?storyId=1-9-12&chapter=1<br /><br />I've never read where Union soldiers ever sought the confederate currency as an actual official policy...<br /><br />Seeking the other nation's currency is an act of subordination to the other nation... so no wonder the confederates lost the war to the Union... they were second rate... this is 1864 also which was towards the end (confederate's big Gettysburg defeat in 1863...) so they were already circling the toilet bowl...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-14429443834082858032015-11-30T13:44:28.323-05:002015-11-30T13:44:28.323-05:00I don't think the ISIS supply is enough to hav...I don't think the ISIS supply is enough to have any real impact in the international markets. I would watch at what happens between Turkey and Russia as that will actually have a bigger impact for the TRY.<br /><br />Drawing a parallelism with this story your exposed here: ISIS is selling most of it's oil back to Assad (the western part of the country needs it to have electricity) and the East side (ISIS) is buying back supplies and providing social benefits to the Syrians enrolling. All this with the different intermediates profiting from the trades (including people in Turkey etc.). I'm pretty sure the same happened during the Civil War (with the South providing some commodities, maybe agricultural goods and buying back supplies the North), maybe someone knowledgeable can enlighten us.Ignaciohttps://www.blogger.com/profile/16082008115484199316noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-26066531680579780742015-11-30T13:38:35.233-05:002015-11-30T13:38:35.233-05:00Amusing piece of history you got there Matt...
So...Amusing piece of history you got there Matt...<br /><br />Some things never change ("Military Monetary Theory" -ofc the side implement it won the war-, profiteers, wars, goldbugs, and human idiocy... actually very little changes apparently lol).<br />Ignaciohttps://www.blogger.com/profile/16082008115484199316noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-25029700465362942442015-11-30T13:31:53.469-05:002015-11-30T13:31:53.469-05:00Right Roger I'd have to think ISIS is discount...Right Roger I'd have to think ISIS is discounting the oil to Turkey below row in USD and EUR terms... then TRY is just marking it back up to row market prices and "making munnie!"....<br /><br />So this could be why we have had a decent TRY rally vs. USD as ISIS is lowering the price of their oil in USD terms to the TRY zone... hence if you see an export commodity reduced in USD terms to a jurisdiction, then that jurisdiction's currency rallies off of that as they have increased real terms of trade ... TRY has come off a bit this week as that oil trade may have literally been blown up....Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-79674249281361865472015-11-30T11:51:02.814-05:002015-11-30T11:51:02.814-05:00As usual, the "munnie" is spent on weapo...As usual, the "munnie" is spent on weapons, ordinance & other supplies ON THE SAME DAY.<br /><br />In the case of ISIS, they really trade oil for weapons, & maybe food? Who knows how Erdogen & his son use the oil. They presumably make a profit out of the transaction chain.<br /><br />You're right. It does seem comical that the US rebels were concerned about appreciation of stolen loot. Maybe they actually had a better sense of the fact that it's very difficult to productively save fiat. :)<br /><br />People sociopathic enough to pursue war operate by a different moral compass, and "accounting" methods. Shoot first, capitalize later (supposedly).<br /><br />Roger Ericksonhttps://www.blogger.com/profile/17515506247888521516noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-71387262203228217902015-11-30T09:59:36.469-05:002015-11-30T09:59:36.469-05:00I imagine that they planned to spend it during the...I imagine that they planned to spend it during the war for supplies from various war profiteers and collaborators.Anonymousnoreply@blogger.com