iBankCoin

COMMODITIES ARE NOW PARABOLIC TO THE UPSIDE

The anti Russian rhetoric is at a fever’s pitch and you should not delude yourselves into believing this will end peacefully. Go out and buy some iodine pills, because Japan just seized the assets of about a half dozen Russian banks. Forget about closing business markets to Russia. Instead of opting for a diplomatic end to a legitimate gripe about NATO on Russia’s front yard, we have gone scorched earth, General Lemay style and soon the satanists will be out in the field killing Russians and their civilians and their infrastructure while calling them war criminals.

At any rate, commodities are skyrocketing in the overnight session and this now has an identical feel to 2008, pre collapse. Hyperbolic moves like this are not sustainable and it will break global GDP, no question.

I will avoid tech like the plague, see SNOW for reasons why, and remain long ag, energy, transporting of commodities, chemicals, while also being hedged every single day at the close.

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15 comments

  1. the_wolf

    Oilman,…. Still

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  2. roguewave

    It appears instantaneous worldwide communications cannot overcome what you know for sure that just ain’t so.

    “he who sells fiat first, sells fiat best.”
    https://cryptohayes.medium.com/annihilation-4effdaf3c73f

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  3. roguewave

    Zelinski in full military gear was from last April

    https://www.armstrongeconomics.com/world-news/corruption/russia-ukraine-war-propaganda-exposed/

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  4. Cricket

    A lot of Russians are against Putin’s actions. Not a majority though, but a large minority, according to polls. A large percentage are undecided.

    Economic sanctions tend to backfire. As a result of the actions of the west, which will cause ordinary people to suffer the greatest hardship, expect many of the undecided populace to recognise the west as their true enemy, as Putin does.

    Russia’s trade surplus was a record 27 billion in December 2021, up from about 11 billion a year earlier. Their financials are strong, compared to most of the west.

    https://tradingeconomics.com/russia/balance-of-trade

    J Dimon says that the Swift system is just an information system, and that the Russians can circumvent it. Despite all the controls and draconian regulations, the black market is growing out of control, especially in Europe and the US. Expect Russia and her allies to create a black market on steroids. It’s going to explode.

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  5. tha pirate

    The real disease spreading in the US today is STUPIDITY. It started with the idea that a porous paper mask with gaps will stop an airborne virus with large gaps and may end with WW3.

    There is NO OTHER subject in the fakenews – which is EXACTLY what the Dem/Socialist/Media complex wanted. Putin stinks, but do we REALLY want to flirt with destroying the planet?? ENOUGH with the moronic group think! We are taking our eye off the real threats to the USA: the wide open border and flow of drugs & unvetted aliens, the lack of voter ID to safeguard elections, and the impending surrender ‘deal’ Brandon will no doubt tout as a trimuph to the Mullahs and of course, the stupidest economic policies since Carter.

    We are screwed.

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  6. cll

    The anti Russian rhetoric? Look up Ronald Reagan’s Evil Empire speech.

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    • Mr. Cain Thaler

      It’s a good thing nothing happened between 1983 and 2016 then.

      The United States has caused all of this. I’m very proud of my country but no good can come from wielding the kind of power America has without prudence and restraint.

      And far from either, we have wielded power like idiot children. In particular between 2016 and today, a great many people were very careless with their words and it’s getting a great many innocents killed now.

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  7. tha pirate

    Looks like I was SPOT ON. The news JUST broke – Brandon plans to give away the store to help bail out the Mullahs in Iran before they are forced to change course. They will have BILLIONS soon released to them in exchange for freeing a few Americans they locked up and a worthless piece of paper they are almost certain to violate at their earliest opportunity. I guess Islamic Terrorist nuclear armed ICBMs are ‘good’ for markets…

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  8. roguewave

    Don’t Stop Believing
    Get stuck, again
    Follow the Science

    Children under 18 are 51 times more likely to die from the jab than from COVID

    9 of 10 COVID-19 Deaths in UK Were Fully Vaccinated

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