iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,427 Blog Posts

Here’s Why Europe is Panicking Over Russia

While Europe focused on ESG and trying to save the planet from the carbon scourge, Russia was mining and expanding industry to the point where, irrespective of sanctions, the country can self sustain. They don’t need western banks or SWIFT.

You know what people need?

Food and energy.

Guess who has that?

Russia and Ukraine, and Belarus is a major exporter of potash.

If you’re wondering why wheat and corn is spiking like oil, that’s because Russia and Ukraine produce it and feed all of Europe.

Most importantly oil and gas.

That’s Russia too.


oil

aluminum


iron ore


The subsequent result of the Ukraine-Russian war, but more importantly western sanctions, has been a spike in all commodities on top of the spike we already endured due to COVID stimulus checks and loans that ramped inflation. We all suffer, some more than others.

If you’ve been following the war on Twitter, General Zelensky and his army are undefeated. They’ve been marauding the countryside just killing Russians and putting holes in their tanks and zapping their planes out from the sky, with zero setbacks other than the fact that all of their cities are surrounded and under siege.

Russia also has mandatory conscription for all males 18-27, a standing army of 1 million and 13,000 tanks.

Germany has 65,000 men and 250 tanks.

So you can see why they’re panicking,

I know, Russia is finished and Putin is a goner. Nevertheless, prepare for a price spike in virtually all commodities and dislocation in markets very soon — because the only thing that pauses this ascent is demand destruction and you know how we get that, don’t we?

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7 comments

  1. juice

    The climate crisis is simple math: the more humans, the more industry, agriculture = more carbon spewed into the atmosphere, more destruction of the environment, the more limited resources become = more wars over resources and dumb af ideologies

    Welcome to a massive overpopulation

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    • Mr. Cain Thaler
      Mr. Cain Thaler

      But none of this is happening because of climate change. It’s happening because of culture change, and because the West has decided that other nation states can never tell it no.

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  2. tha pirate

    The Climate Change Cocksuckers are not only making unproven, highly questionable scientific assumptions, but IGNORING the fact that the red meat eating leaders like Xi, Putin and the Ayatollahs do not give a RATS ASS about their ‘climate rules’. Even assuming the Cocksuckers are correct, it is IRRELEVANT because states like Russia, China and Iran live on the SAME PLANET as the rest of us. So while Kerry/Lurch goes around spewing his phony crisis on his private high carbon consuming Jet with his Ketchup money, our enemies are LAUGHING at us.

    Welcome to the clown world of 2022.

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  3. tha pirate

    Amazing how the Mainstream Media just seems to forget how Brandon banned the Keystone XL on the FIRST DAY he was ‘installed’ into office as they clutch their paper masks.

    They also forget there was high oil prices and inflation BEFORE the Ukraine crisis. Yes Trump talked CRAZY about China, N Korea and Russia.. and YES you NEED to talk crazy to crazy people!

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  4. Mr Devil Dog

    And panic you should. Why, just the other day I, Mr Devil Dog, foretold of the great calamity that has now engulfed you like a sweeping fire from which there can be no escape. Your investments will burn in a towering inferno, as markets crash with a force hitherto unforeseen by mankind. It would probably be easier to divest your holdings into cash and incinerate the banknotes in front of you – for the end result will be the same.

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  5. Cricket

    Fly illustrates clearly the meaningless relationship between GDP and real economic power that is grounded in key resources and production.

    GDP, GDP Russia’s GDP is less than Italy! Haha.

    So what. Russia has real assets, not just paper, electronic digits and inflated real estate.

    I’ve thought about this a lot; there are dozens of countries in the world that, if they disappeared tomorrow, nobody would notice. Russia ain’t one of them.

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  6. ezthere

    Excellent post!

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