NASDAQ futs opened down 450 and I am pretty sure 50% of you are thinking “WILL CLOSE GREEN” for the session tomorrow, which is part of our problem called hubris. This whole crisis doesn’t sit right with me and the moves in the “west”, especially out of Europe are more than incendiary — more like declarations of war against Russia.
I am giving war with Russia a 100% chance of happening and many glued to Twitter believe this would be a fine thing to do — especially since we’re all fucking Ukranians now and need to defend democracy with every single last person on earth. We have cornered Putin and Russia into such a corner, SEIZING $400b of Russia’s FX reserves, crashing the Ruble, that he has no off-ramp other than to accelerate.
WTI is +6.5%, Gold +2%, and Natty is +3.5%.
These moves are mere child’s play compared to what they’ll look like once in an actual war with a country who has a history of never ever ceasing to press its case. While it’s true, the Russian military we are seeing in Ukraine isn’t as formidable as ours, it can still kill millions of people if mobilized to its maximum potential and then there’s the thing about ICMBs with an 11,000km range that cannot be intercepted by your fucking Iron Domes.
I just want to trade stocks and be left alone. For as long as I can remember, my country has tried to bait Russia into war, always casting them as an evil empire that needed to be purged. We are in the end game now and my opinions won’t mean much of anything if we do engage Russia in a World War — something I am certain LMT, RTX and Hollywood are thrilled by. I do not view human suffering as something we should race towards, but escalation is what we’re doing and you should brace for impact.
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Nonsense. As Chief Keef once astutely noted, “Pussy boy don’t want war.”
Agree. Russia wants war with NATO as much as Fly wants his hemorrhoids to come back, and for the same reason.
You guys will be the death of us.
Nothing says “I AM A FUCKING LOSER” louder than causing his country’s currency to collapse against the dollar.
It’s trading like the Confederate dollar in 1866.
Keef. Long time no hear from.
Must be enjoying his retirement.
FIG! Outstanding work covering all the chaos, Dr Fly.
Thanks for covering this 24/7- IBC and your Twitter are my go-to source for Ukraine news updates. Fuck all the ignorant asshole haters on twitter
Agree with wolf!!! Great work on Twitter Fly!
Indeed, thanks Fly. But y’all should also watch Meet the Press in order to see what the deepstate is selling. Today, Sens. Warner and Portman are ready to send your 19 year olds to war and were lamenting that Ukraine hadn’t been brought into NATO already. Crazy fucks just selling what must be the easy sale in DC.
For real reporting, check out Aaron Mate on callin.com today at 7PM est.
Nah we are now officially waging financial warfare against Russia. That means tanking the Russian stock market and pumping our stock market. Viva USA!!!
Okay I’ve seen enough. Some of you have absolutely no sense of reality and I need about another 200 lbs of rice and probably 50 lbs of flour, plus more ammo.
The reality is Russia is losing bigly.
They really aren’t.
Beyond my pay grade, but Armstrong says:
Western brokers and bankers will now avoid anything to do with Russia. Sberbank, Gazprom, etc now restricted securities
funds invested in Russia are trapped
Russia voids all obligations to the West.
Biden did not understand cross-border investments and capital flows
The US has (had) the biggest investment in Russia. Poof
removing Russia from SWIFT means Russia now escapes all foreign liabilities.
Putin can back the ruble with gold only for domestic use in effect reversing the strategy of FDR who confiscated gold domestically.
The irony is thick – Zelenskyy is literally a crisis actor. But in reality he’s like Randy Marsh, walking around with his balls in a wheelbarrow. Putin will be cancelled, and you can kiss trumps ass goodbye. Checkmate.
Putin cancelled himself. I figured he completely lost it during his hour-long Mein Kampf speech last week.
Lol, who flagged me as fox news? What is it that I said that isn’t true? Putin will be shunned and trump by association will be dragged in the mud.
This does have the smell of events that led up to World War 1. Except instead of arrogant hereditary Royalty we have arrogant Oligarchical Royalty. Western leadership seems to be stumbling into a global conflagration. Again.
Russia produces 30% of the world’s grain. Ukraine is also a breadbasket. Putin seems to be encircling Ukraine (to secure and preserve it) instead of bombing all infrastructure into the stone age like the US/NATO will do. Mass starvation (not of Russians) is a possible outcome.
Danger is three or more of Russia/China/North Korea/Iran/Pakistan coordinating their actions. A Pakistan/India conflict would set the developing world on fire. It would be Game Over.
The late Rene Girard, just before he died, concluded that the Apocalypse (that he claimed would slowly unfold) had already started. Maybe he was correct.
The US is completely devoid of intelligent leadership. It needs someone like an Eisenhower but there is no competent person in sight. The Pentagon, perhaps the most important player at the moment, is led by wokelings and is in the midst of an internal ideological battle.
Very dangerous times. Intelligent trajectory would be to de-escalate, but not sure those in the DC bubble will do it.
To say the us is devoid of intelligent leadership, that’s biased. Look at the position they are in. It’s evil, no doubt.
Russia apparently interested in coming to an agreement “as soon as possible”. Putin tucks his nuts.
Which of you dumb fucks laughed when I said that Ukraine would become Russia’s Viet Nam? Well it turns out that that the Ukrainians are making the Viet Cong look like pussies. If Putin takes Kyiv then you’ll see pipe bombs bursting in Moscow. Russian life will never be the same. Sucks for all.
About 90% of the site would elect Putin as their Fuhrer if they had the choice. Half of these fucknuts believed the Russians when they promised no invasion.
I’m still laughing at you.
And that’s ridiculous, nobody here likes Putin. Such fucking nonsense. You guys live in a very stupid bubble, I swear.
When – not if, but when – Russia wins, will you make any efforts at deworming your brains?
Whether one is pro Putin or pro Zelensky, the result is the same. A fire is being ignited across the world.
Iran/Hezbollah has already declared war on Saudi Arabia and the UAE via their proxies in Yemen. Turkey and Erdogan have been secretly laundering money for Iran to bypass sanctions. So much for the sanctions weapon.
China is watching matters closely as they have plans to annex Taiwan. This is not an if but a when. This will cripple the United States (due to a major interruption of computer chip supply), so there will be conflict. What form it takes is the question.
Using Swift as a weapon is complete stupidity, but maybe the west is so weak there is no other choice.
In five years time, if we are all still here, I can see two major financial systems; one across central Asia and another in the West. I don’t see (private ie not state sanctioned) crypto surviving in such a bifurcated environment.
Crazy town.
..and the US’s deepstate neocon warmongers and arms merchants lit the fire …starting with the expansion of NATO and accelerated when we installed a divisive government in Ukraine in 2014. A war? For what? The tough talkers here have never seen war.
and the libtard media is their tool /co-conspirator
There may be 2 major financial systems in the future but crypto will survive in some form. Today it has 2 parts: 1) white market 2) black. E.g. 1) Coinbase 2) sending $ to canadian truckers.
Since the beginning of time, black market money has always existed. When the punishment for violation is the death penalty; the cost of using black market svcs simply goes up to the point where a single transaction gives a black marketeer lifetime financial independence.