. If we aren’t careful, the “Ukraine shock” could fast be approaching the awesome scale of the OPEC and Iran shocks that rocked the 1970s.
This is not a momentary blast – all the warning signs point to the fact that this could turn into an avalanche The chaos had cascaded from a Middle Eastern war to the international oil price to a global recession to a Wall Street bonanza to a developing-world default to a revolutionary wave. Disorder in the markets and disorder in the real world fed off each other. As a consequence of this economic dysfunction, the Keynesian economic theories that had been hegemonic in the postwar period were declared ineffective and a free market revolution ascended.
Prices were rising before the war in Ukraine.
it is up to the governments in power to give subsidy to their people It has nothing to do with the West
Wait and see what happens if China kicks off then we'll see commodity prices not only sky rocket but mass Global shortage of nearly everything
I fear we'll have a decade of turmoil anyway, the 2020s have been shit house so far and likely will see more war
see my naked photos