My promise to
you is that I am always on the lookout for obscure sources and very important
stories that major media outlets overlook. Yesterday, I hit
"paydirt!"
Regardless of what country you are in around the world, you have
seen the value of your retirement fund and investment portfolio drop in value.
Do not feel alone, numerous billionaires around the world have seen their net
worths take "a big hit."
Conventional wisdom says that investors are "spooked" by inflation
fear. I have an unconventional take on the whole thing. I nickname the
current stock market full of pain and losses as: "The Vladimir Putin Stock
Market."
When you hear this what jumps to mind is that everyone fears that
the war in Ukraine will escalate to World War III with a nuclear exchange
between Russia, the European Union, and the U.S. I have written several
Op-Eds on this subject where I have quoted a well-known US professor of Russian
Studies who has been a personal friend of Putin for over 20 years. He says that
Putin is sane and rational. He tells people not to worry. I do not fear this
wild escalation to nuclear Armageddon. Rest assured that Putin is going to
frighten us and make life hard for all of us for a couple of years to come.
I
encountered a very special and insightful YouTube video yesterday
afternoon that paints an entirely different picture. When I give you a video
link, I generally advise you to have a look at it if time permits. In this
case, I am going to urge all of you to take a look at it as follows:
ttps://www.youtube.com/watch?
To
make a long story short, Russia and Belarus control all sorts of strategic
commodities that are essential to keep the world going. Oil and natural gas
immediately come to mind. Nickel is another one. There is a long list of other
commodities and vital agricultural products that Russia is rich with. The
current situation of sanctions and this war put the delivery of these
commodities at risk.
There is
another ominous problem on the horizon. Russia no longer gets Western help to
provide maintenance to continue its oil production. This winter we could see
major freezes that causes oil pipelines to burst with a significant cut in
Russian oil and gas production. World oil prices will explode upwards. The
last time Russian oil pipelines burst in winter. it took them 30 years to
recover their oil production. Russia is on a slippery slope leading to poverty
and economic misery for years to come.
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