EU is unravelling – it is a generator of negative economic growth and declining shares of global trade. Merkel once pointed out it had 6% global population and 25% global welfare spending – nowhere else on earth does the Unskilled live so well.
It is unravelling fast and stupid politicians with their literature degrees or law studies fail to comprehend GDP growth correlates inversely with energy input prices.
***********
https://patrickarmstrong.ca/2022/02/25/russia-ukraine-1/
RUSSIA UKRAINE 1
“….Being in a hotel, I have the opportunity to waste my time watching CNN. I am truly fascinated by how completely clueless the so-called experts, generals, politicians, that they have on are about this. They have no understanding of the Russian motives, they have no conception of what is actually going on, and they can’t see what is in front of their faces. My personal favourite is the US senator that says Russia is running out of food because it’s a communist country and therefore needs to conquer more agricultural land. This is a man whose office is bigger than your house, has a staff of dozens with a huge budget and that’s what he thinks is going on…”.
************
“Many people don’t realize the biggest risk during global nuclear war is actually COVID.”
We re-tooled our manufacturing line from oversized bras to iodine-soaked leather masks.
We were going to use a nylon-rayon mixture but one of our investors is a huge Judas Priest fan.
Black leather, white leather, brown leather, “lets you breath while you survive the fallout from the fallout” iodine soaked so your thyroid gets over-supplied with iodine.
It’s the radioactive iodine getting into your thyroid gland that gets ya.
COVID can survive on an irradiated surface for almost a year.
COVID can also be carried by gamma rays.
This is why Putin wants to nuke everyone.
— CNN
A nice nuclear apocalypse would bring tranquility to everyone, including the crazies.
“What about the heat? And the shock wave?”
Only a flesh wound.
************
The bottom line is that while Russia’s economy will likely be crippled and soon, once this final dollar lifeline stops, the removal of millions of barrels of oil from the market will lead to an exponential surge in oil prices until we hit the infamous “demand destruction” trigger – the price beyond which there is no more demand… and a global stagflation beckons.
In short, this is one giant game of chicken between Russia and the west, where the former is suffering tremendous pain this very moment, and where the latter is still cruising thanks to a buffer of relatively cheap oil which however will run out shortly and once it does, prices will go vertical triggering an even bigger oil crisis than what the US experienced in the mid-1970s.
***************
The Russians have had EIGHT YEARS, since the USA/Ukraine illegal war crime coup in 2014, to prepare for these western sanctions and Global actions against her.
The idea that any Western action, NOW, is going to be a long term problem for Russia is absurd. They have gamed every Western move possible ad infinitum.
**************
Russia is a big wheat producer/exporter and of course one of the largest energy producers, they have everything needed to survive – heat and food. They are used to live with little at times of difficulty.
At the same time they are taking over the second largest country in Europe with plenty of resources too, so f- sanctions.
And the most important thing – they are liberating the ethnic Russians in southern Ukraine.
*************
How many more days until the Russians cutoff all natural gas exports to countries which are sanctioning them?
*************
According to US polling firm Morning Consult, 34% of Americans who participated in their poll were able to locate Ukraine on a map.
“When asked to find Ukraine on a blank map of Europe, only about 1 in 3 voters correctly located the country, slightly more than the 28 percent who were able to identify Iran on a map roughly two years ago in the wake of a U.S. strike on the Islamic Republic’s most powerful commander.”
They did however do better finding Russia.. Bigger I suppose.
***********
The ultimate effect of “modern” education is to dumb down the people and get them to think only in terms of black and white binaries – “Four legs, good; two legs, bad”. Since the war began, I see headlines everywhere: “Ukraine war – what you need to know”. The blasted reporter tells us what I need to know, not what I want to know. “You need to know only what we allow you to know”. No wonder we have geniuses in positions of power who cannot understand what constitutes Russia’s core national interests. Putin has jolted the world back to some common sense, destroyed the Covid scamdemic and brought back realism back into international relations.
************
A decision by RF to halt energy exports to adversary nations would have severe economic impact and greatly curtail the ability of importing nations to wage war. The 1973 Arab Oil Embargo drove crude prices up by 300%. See:
https://en.wikipedia.org/wiki/1973_oil_crisis
OIL EXPORTERS NO SANCTIONS
1 Saudi Arabia, 2,430,404,330
2 Russia, 1,698,527,500
3 Iraq, 1,251,358,335
4 United Arab Emirates 882,711,620
5 Kazakhstan, 514,984,705
6 Brazil, 474,956,250
7 Mexico, 437,456,515
8 Azerbaijan, 204,126,250
9 Colombia, 197,450,035
10 Qatar, 183,522,365
11 Venezuela, 177,679,080
12 Iran, 147,638,485
TOTAL NO SANCTIONS bbls exported oil per Year = 8,600,815,470
TOTAL PRO SANCTIONS bbls imported oil per year = 7,808,992,500
OIL IMPORTERS PRO SANCTIONS
1 United States – G7 2,908,685,000
2 Japan – G7 1,170,920,000
3 Germany – G7 670,140,000
4 Italy – G7 489,465,000
5 Spain 483,625,000
6 France – G7 418,655,000
7 Netherlands 399,310,000
8 United Kingdom – G7 331,091,500
9 Canada – G7 294,445,500
10 Singapore 285,904,500
11 Poland 179,981,500
12 Greece 176,769,500
*************
Meanwhile #Putin’s approval rating has raised from 60% to 71% (survey by FOM)
*************
Here is the list of countries who both voted to censure Russia in the UNGA and have enacted sanctions.
Australia, Austria, Bulgaria, Canada, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Netherlands, Poland, Portugal, Romania, Singapore, Slovenia, Spain, Sweden, Switzerland, Ukraine, United Kingdom, United States
Total of 30
Here is the list of countries that voted to censure Russia in the UNGA but have not joined the sanctions regime
Argentina, Bosnia and Herzegovina, Brazil, Brunei, Cambodia, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Egypt, Georgia, Guatemala, Haiti, Honduras, Hungary, Indonesia, Israel, Malaysia, Mexico, Myanmar, Panama, Paraguay, Peru, Philippines, Qatar, Saudi Arabia, Serbia, Thailand, Turkey, United Arab Emirates, Uruguay
Total of 32 countries
*************
