Russia abandons the petrodollar

Source: zerohedge.com

By: Tyler Durden

Back in November, before most grasped just how serious the collapse in crude was (and would become, as well as its massive implications), we wrote “How The Petrodollar Quietly Died, And Nobody Noticed“, because for the first time in almost two decades, energy-exporting countries would pull their “petrodollars” out of world markets in 2015.

This empirical death of Petrodollar followed years of windfalls for oil exporters such as Russia, Angola, Saudi Arabia and Nigeria. Much of that money found its way into financial markets, helping to boost asset prices and keep the cost of borrowing down, through so-called petrodollar recycling.

We added that in 2014 “the oil producers will effectively import capital amounting to $7.6 billion. By comparison, they exported $60 billion in 2013 and $248 billion in 2012, according to the following graphic based on BNP Paribas calculations.”

Q-Tip – Believe (Poetry)

By: Kamaal Ibn John Fareed (Q-Tip)

Uh, of the things we believe
There’s a whole lot of work, we should roll up our sleeves
And we got to hold firm when fateful sight conceiving
Why doubt your plans? Cause it’s all worth believing
We can make it work, do believe that
Weave mistrust in the dust and believe fact
We can achieve tact by tuning out negative feedback
Naysayers can hate, we concentrate to bring belief back
Into ourselves, into the world, into the rap game
Emcees are miserable, their music should be leaving mics maimed
Man, look we holding out for the truth
If we alone in the Louvre we gone hold for the proof
Man put it in believing, believe in believing
Seeing ain’t believing, it’s the feeling that we needing
Believe in each other, put the question to the system
They promising returns? Then question what you getting
We should believe in the reasons we existing
Time for Renaissance to reawaken what is withered
Belief can confirm, make it is what it isn’t
Sometimes I wish I had belief when I didn’t

Don’t treat negative feedback as “haters gonna hate”. Search for points of improvement and kill the ego.

 Don’t treat negative feedback as “haters gonna hate”. Search for points of improvement and kill the ego.
 No trate la retroalimentación negativa como “enemigos que van a odiar”. Búsqueda de puntos de mejora y matar al ego.
 Niet behandelen negatieve feedback als “haters die gaan haten”. Zoeken naar verbeterpunten en dood de ego.
 Ne pas traiter la rétroaction négative comme “haineux allant détester”. Rechercher des points d’amélioration et de tuer l’ego.
 Sie negatives Rück behandeln nicht als “Haters Gonna Hate”. Suche nach Verbesserungspunkte und töten die Ego.
 Bùyào bǎ fùmiàn de fǎnkuì, “chóudí huì tǎoyàn”. Sōusuǒ de gǎijìn diǎn, bìng shā sǐle zìwǒ.
 Behandla inte negativ feedback som “haters gonna hate”. Sök efter punkter förbättring och döda egot.
 Ne otnosites’ k otritsatel’noy obratnoy svyazi , kak ” nenavistniki voznenavidyat ” . Iskat’ tochek uluchsheniya i ubit’ ego.
 “kinci kimse nefret yapacağız” olarak negatif geribildirim tedavi etmeyin. Iyileştirme noktaları aramak ve ego öldürmek.
 Non trattare le risposte negative come “nemici gonna hate”. Ricerca di punti di miglioramento e uccidere l’ego.
 Jangan memperlakukan umpan balik negatif sebagai “pembenci gonna hate”. Mencari tempat perbaikan dan membunuh ego.