... stupid prizes. West's economies are paraded for what they are--low industry, high speculation ... well, Ponzi schemes.
The legendary derivatives trading team at Vitol Group, the world’s largest oil trader, has reportedly lost hundreds of millions of U.S. dollars on oil bets that went very wrong as the war in the Middle East roiled global markets and trapped physical supply at the Strait of Hormuz. Vitol’s star trader Yaoyao Liu found himself on the wrong side of bets on crude and fuel prices at the start of the U.S.-Israel war with Iran, as prices soared in the worst disruption of global oil supply in history, the Wall Street Journal reports, quoting sources with knowledge of the matter. Liu’s trades are reportedly a closely-guarded secret not only on the market but also within Vitol itself.
Derivatives, a euphemism for speculation, which modern West's capital is and real economy are as removed from each-other as Milky Way is removed from Andromeda. As American Way of War is removed from actual war. Now they are doing betting, instead of studying markets and real conditions and outputs. The result is predictable. E.g.
That's Urals in ... futures. Hm. Physical oil, of course, is much more expensive. The "model" is collapsing.
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