In an effort to assuage the masses, Gov. Newsom is proposing giving residents up to $800 per month in order to pay for their gas, citing Putin as the prime reason as to why gas prices are sky high. Ironically, it is exactly programs like this that will continue to denigrate the purchasing power of the dollar, in an never-ending, self-consuming, cycle of inflation that will decapitate purchasing power.
“We’re taking immediate action to get money directly into the pockets of Californians who are facing higher gas prices as a direct result of Putin’s invasion of Ukraine,” Newsom.
Yesterday Nickel was “limit up” on the LME, so the exchange decided to cancel the entire trading day — rending all trades “null and void.”
Another canceled nickel session on LME today
— Hide Not Slide (@HideNotSlide) March 23, 2022
And Nickel is limit up again today, +20%.
— CN Wire (@Sino_Market) March 24, 2022
We have not heard what the LME intends to do about this sharp increase in the price of nickel again. One could only assume some very powerful people are short and will request the LME cast all trades today as “null and void” again, giving the cabal a chance of reset and play the game again tomorrow.
Russia accounts for roughly 10% of worldwide nickel supply.
UPDATE: THE LME CANCELS ALL TRADES AS ‘NULL AND VOID’ FOR SECOND SESSION IN A ROW.
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