As attention spans in Australia have now been shifted from non-stop COVID fear porn to some corrupt Eastern European shithole famous mainly for human trafficking, dodgy gas deals and the Holodomor, the economic situation continues to go all over the place.
However, said shithole and the conflict within it may have actual repercussions for the rest of us and not just those on Twitter exchanging the syringes for Ukrainian flags. The EU have now apparently had Russia kicked off the SWIFT system which will make it hard for some to purchase commodities. Conveniently, Russian gas and oil was left out of the sanctions because billionaires lives matter. This just hurts the middle class in Russia and no-one else really.
I’m interested to see what it does to EU food prices given that Russian fertiliser bankrolls a lot of the EU’s food production. However, China also has the CIPS system which Russia may start using more of and will be interesting to see what it does to the petrodollar long term. We also have apparent bank runs beginning in Russia.
As it stands we now have the media planting the idea of cyber attacks as part of the conflict, which is an amazing coincidence because this is just what the World Economic Forum was war gaming just last year.
Catch up on Cyber Polygon from everyone’s mate Klaus here:
My 2-cent opinion: brace yourself for a ‘cyber attack’ targeting the financial sector that will likely be blamed on Russia, but originating from the basement in Davos. I don’t care for Russia or the Ukraine and both leaders have made appearances at Davos in the previous few years, however any such financial chaos that may ensue will present the perfect opportunity to present Central Bank Digital Currencies and tie it to pending Digital ID legislation. These won’t go in the front door, so they’ll need to manufacture consent from a catalysing event as usual and sneak them in the tax payer’s rear end.
What’s inflation again?
The Queensland government already has digital drivers licences being trialled at the moment, so we’re well on the way. Here’s a preview of what Justin Trudeau’s WEF Canadian chapter has been suggesting for it’s citizens:
Based Gym Bro on top of it again. There’s a better quality original video somewhere but I can’t find it.
Happy to be wrong about any of this, but volatility reigns at the moment. Position your money as best you can.
And I’m sure Klaus and the WEF are glad they are no longer on the front page. For the time being anyway.