Have a look at thermal coal in Europe and imagine how mad it makes Greta.
SPOT THERMAL COAL ABSOLUTE PANIC MODE – $410
Guess who is main supplier? pic.twitter.com/MA6SDbmuMG
— The_Real_Fly (@The_Real_Fly) March 2, 2022
Now have a look at some other commodities and begin to think about how all this might play out should we go to war with Russia. Note: Russia is the main supplier in almost every single commodity.
Spot urea, MOP, SOP, potash all surging and supply in dire shortage since Belarus and Russia are main suppliers. While the west has big banks and nice clothing shops and makers of high tech gadgets, Russia has food, energy, steel, aluminum, fertilizer etc.
This isn’t going to be easy for Le West.
Expect a perfect storm of sorts to cause fertilizer stocks like MOS, LXU, NTR surge. This is just getting started, so do not take your eye off the ball and do not let occasional profit taking days dissuade you from bulking up on this entire complex.
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Our foreign policy experts are geniuses, every single one of them.
BCD and let it riiiiiiiide
Good advice.
And a key unnoticed point from last night (ht Armstrong):
Due Process – Rule of Law – International Law
Hunter’s dad suspended it last night!
Putin – bad guy – take his stuff, because we can – no due process
friend of Putin?, according to some data base – take their shit – no due process
What impact on international investment?
Donate to a legal cause in Canada? – take their stuff
Leads to disaster? Nah.
Do you have a bank account? brokerage account? coinbase account? – what if your name gets mixed up in some database? AOC’s database? what if you vote for the wrong guy? your stuff is gone or if lucky hire a lawyer, maybe get it back in a few years
crypto makes it harder to confiscate from individuals or thousands of poor sob’s with a few keystrokes.
No worries. It can’t happen here.