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Keyword: fungibility

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  • Stop Pretending – It’s Not the “Fungibility,” It’s the Location of the $6 Billion Returned to Iran

    10/09/2023 9:57:30 AM PDT · by Texas Fossil · 44 replies
    The Conservative Treehouse ^ | Oct 8, 2023 | Sundance
    You want to go deep weeds, let’s go deep weeds. Almost all of the conversations about the $6 billion given back to Iran have focused on the fungible aspect of money. While true, that focus misses the key and essential point, where the money was delivered. The captured $6 billion was held in a South Korean bank, the result of sanctions violations. What the Biden/Blinken crew did, was move the money from South Korea to a bank in Qatar.Now, many people may not at first understand the nature of how that makes such a significant difference. The lack of understanding...
  • Our silly little 'addiction' (Oil is a fungible commodity)

    02/24/2006 4:34:25 AM PST · by ajolympian2004 · 17 replies · 4,003+ views
    Rocky Mountain News column ^ | Friday February 24th, 2006 | Mike Rosen
    Rosen: Our silly little 'addiction' Sometimes you get great life lessons in unexpected places. Kudos to Scott Adams, the cartoonist who writes the Dilbert comic strip. Adams cut through the fog and gave his readers a valuable insight into the real-world international politics and economics of the energy conundrum. In a recent strip, Dilbert readers were treated to the following exchange: Dilbert: I'm thinking about buying a more fuel-efficient car. Dogbert: Why? Dilbert: It's my patriotic duty to reduce this country's dependence on foreign sources of oil. Dogbert: Why? Dilbert: Because then the countries that hate us will have less...