This compilation of financial-related insights includes videos from David Lin, Joe Blogs, Tech Revolution, and Wall Street Silver.
Anna Wong, Chief U.S. Economist of Bloomberg Economics and Edward Yardeni, President of Yardeni Resesarch joins David Lin to debate whether or not there will be an economic collapse or boom. Joe Blogs reports on the Russian Ruble collapsing to a record low as fuel export ban continues and inflation soars. Tech Revolution shares news of Europe being on the brink of collapse from Russian sanctions. Peter St Onge on Wall Street Silver talks about the Bidenomics economic miracle revision.
Oct 2, 2023
Anna Wong, Chief U.S. Economist of Bloomberg Economics, joins Edward Yardeni, President of Yardeni Resesarch, to debate whether the economy will see a hard or soft landing.
*This video was recorded on September 29, 2023
Oct 3, 2023
Russia’s Invasion of UKRAINE has caused Major Problems for the Russian Economy as Trade with Europe & the West has collapsed and Changes to the Global Supply Chain caused by the SANCTIONS have caused further problems. The value of the Russian Ruble has COLLAPSED over the past 12 months and on 3rd OCTOBER the value fell to more than 100 against the US Dollar. The only other time that this has happened was 14th AUGUST when the Russian Central Bank called an Emergency Meeting and Hiked Interest Rates by 350bps. In this video I discuss this issue in more detail and the implications for the Russia Economy.
Oct 3, 2023
Western sanctions, originally aimed at punishing Russia for its actions in Ukraine, have set off a chain reaction. Unintended consequences that are reshaping the global economic landscape. While the initial objective was to exert pressure on Russia and force a change in its behavior, the reality on the ground appears to be quite different.
In the short term, these sanctions have indeed hurt Russia’s access to Western financial markets and certain high-tech imports. But they have also led to unexpected developments. The surge in oil, gas, and commodity prices has injected a substantial amount of cash into Russia’s economy, making it more resilient than anticipated. The ruble’s unexpected strength reflects this economic resilience.
To provide further context, the fall of the Soviet Union in the early 1990s was a watershed moment in modern history. During this era, oil prices had plummeted to unprecedented lows, creating an atmosphere of economic vulnerability.
It was precisely during this critical juncture that Saudi Arabia executed a strategic maneuver that reverberated across the world stage. With calculated precision, Saudi Arabia chose to flood the global oil market by significantly increasing its oil production.
This move was not merely an economic decision but a geopolitical one with far-reaching consequences. The primary objective was to further destabilize the already shaking Soviet economy.
Remarkably, this strategic strategy proved successful. By flooding the market with an abundance of oil, it pushed prices down even further, exacerbating the economic woes of the Soviet Union.
This was a critical factor contributing to the eventual collapse of the USSR, marking the end of an era and the emergence of a new geopolitical landscape. However, today’s circumstances are vastly different.
Oil prices are soaring, and Russia’s energy exports are in high demand, making it less susceptible to economic pressure from the West. American policymakers are not blind to these dynamics.
They understand that imposing sanctions on Russian commodities destined for Europe will lead to soaring prices in the European markets, benefiting Russia greatly. This situation plays into Russia’s hands, allowing them to accumulate wealth even in the face of sanctions.
Furthermore, the West’s sanctions have inadvertently pushed Russia closer to Asian markets. As Europe increasingly isolates itself from Russian resources, there’s a growing flow of these valuable supplies to the East at discounted prices.
This is an advantage for countries like China, India, Pakistan, and others, enhancing their competitiveness and economic growth. The fallout from these sanctions is not evenly distributed.
Europe, in particular, is feeling the effect of the economic consequences due to its extensive trade ties with Russia. The disruption in these trade relations, which had been steadily growing closer over the years, is having far-reaching consequences for the European economy.
Germany, known for its strong economic ties with Russia, has been particularly affected.The Ukraine conflict has strained these relations, and the once-positive economic tone has soured. European nations, which relied on Russian energy supplies and were important trading partners, are now grappling with the economic fallout of these sanctions.
The Pentagon and U.S. leadership may view these developments with mixed emotions. While the disruptions in European-Russian trade relations may align with their strategic interests, the broader consequences of the sanctions and the strengthening of Russia’s economic position are unpredictable.
Jamie Dimon, the CEO of JPMorgan Chase, currently believes that geopolitics, especially concerning the situation in Ukraine, poses the greatest risk. This surpasses concerns about high inflation or a U.S. recession.
In recent days, global markets have suffered a blow due to the U.S. Federal Reserve’s indication that interest rates will likely stay elevated for a while to combat inflation and bring it down to the 2% target. Dimon, speaking to CNBC TV-18 in India, advises people to prepare for higher oil and gas prices and increased interest rates.
However, he remains optimistic about the U.S. economy’s ability to weather these challenges.
Unfortunately, the Ukraine conflict continues to divide global powers with no end in sight. He emphasizes that the geopolitical situation worries him the most, as its impact on the economy remains uncertain.
Wall Street Silver
Oct 3, 2023
In this video, Peter talks about a massive revision to the past three years of economic data, revealing concerning figures: higher inflation, weaker growth, reduced consumer spending, and inflated government contributions to the GDP. Peters dives into the discrepancies between GDP & GDI, the surprising changes in consumption patterns, and the potential implications of these adjusted figures. Is our economic reporting turning into propaganda, and what does it mean for the average individual? Discover the realities that mainstream reports often overlook.
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