| How Are Those Sanctions Working Out, Mr. Biden? |
|
Robert Moriarty and Chen Lin Return. Michael Spreadborough, the Executive Co-Chairman of Novo Resources visits for the first time.
On March 1, as Russia began invading the Ukraine, David Stockman said on this show, “Sanctioning Russia and taking away their ability to use the SWIFT system would be crazy as hell because it will hurt Americans as much as it hurts Russia!” While President Biden blames Putin for inflation, truth be told, thanks to his energy policies and COVID related supply chain shortages, inflation was rising rapidly even before the Ukraine war. But it wasn’t Russia’s invasion of the Ukraine that has caused energy prices to rise. Rather sanctions against Russia and disallowing the used of the SWIFT system for international trade in dollars and Euros that has dramatically cut the supply vital supplies to the west. Not only did those policies dramatically reduce supplies of oil and gas, thus leading to the highest consumer inflation in over 40 years, but they also forced Putin to tie the ruble to oil and gas and indirectly to gold. Since then, the ruble has been the strongest currency in the world! The post-1971 fiat Petro-dollar that enabled America to fund its empire through military force and subversive activities may be nearing an end because the laws of nature as they apply to debt/GDP ratios are driving America toward financial ruin while our adversaries run their economics in a much more responsible manner.
Robert shares his thoughts on the economics of the western world. Michael updates us on the future plans of Novo Resources and Chen shares his thoughts on the economics of Asia and perhaps a couple of his exciting biotech stocks. |
|
|
|
|
|
|
