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Cake day: June 14th, 2023

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  • I don’t understand why you wouldn’t just continue working your normal hours.

    Some of it comes down to real social pressure. People work harder when they’ve literally got the boss at their desk saying “We need to hit Deadline X or Consequences Y will happen”. For people past their breaking point, I tend to see them work less. If you’re already on the job hunt (or if you’ve landed a job or queued for retirement or whatever), enthusiasm for doing your current job plummets. If you think you’re about to get fired, same.

    But for folks who genuinely believe they’ve got a future at the firm - at least for another year or three - it often boils down to “Do I want to be stressed forever, or just get over this hump and survive until things die down?” Hitting the deadline and getting the project over the line typically comes with a refractory period of sorts. A slowdown in work hours and a more relaxed pace. Missing the deadline means even more work and even more stress and even more of my boss at my desk (or my boss’s boss or my boss’s boss’s boss) staring at my computer and asking why the thing isn’t done yet.




  • It’s not just about how useful the dollar is to Iran, it’s about making it less useful to other countries also.

    For Iran, specifically, there’s no incentive to accept reparations payments in a currency they can’t easily collect or exchange. Yuan makes sense, because China is one of their biggest trading partners. Bitcoins make sense because they’re easy to launder and can be transferred independent of the NATO-based financial systems.

    If Iranian oil is back on the market there will be a lot of interested buyers.

    It’s more Qatari and Kuwaiti oil at issue. Iranians are just rent-seeking off the most expedient shipping lane.

    The petrodollar wasn’t going to last forever youre right but there are many parties interested in ending it sooner than later.

    The petrodollar is arbitrage between Middle Eastern raw materials and the western banking system. It could move to the PetroEuro without a meaningful change in foreign policies. Or the PetroLoonie or PetroPound for that matter. All of these countries are in agreement that the Persian Gulf states need to play a secondary role in the global economy.

    What Iranians are hoping to change isn’t the primary currency of the region, but the balance of power between US/EU colonizers and local people.

    The very act of securing the Straight and collecting rent on passage is a huge step in that direction, regardless of what currency they collect their fees in. It’s a material change, not just an accounting shift.