If you are not a subscriber of The Pomp Letter, join 215,000 other investors who read my personal opinion on finance, technology, and bitcoin each morning. To investors, Russia invaded Ukraine last night. This conflict carries complexity across geopolitics, national security, and financial markets. It would be impossible for any one person to unpack the nuanced situation, and the subsequent ramifications, in great detail with only a few thousand words.
The interesting aspect is that in one year, 2021, we went from sub-$2/ gallon gas and energy independence to $3/ gallon+ gas (on the low end) and complete loss of that energy independence. That doesn't happen by accident. Anyone with an open mind that can think critically can see this is manufactured. Ukraine has the largest oil and gas supplies in Europe. Russia knows this. So does Germany. Putin is protecting his country as any good leader should. Biden, on the other hand, who has had nefarious business dealings, through intermediaries, with Burisma in Ukraine, is protecting those business dealings and not the United States. I encourage everyone to watch the movie "Wag the Dog" with Dustin Hoffman and Robert DeNiro. That may be playing out in real life right before our very eyes.
Ultimately strength does not respect weakness. Russia and China know that the US under senile corrupt Brandon and DEI wokeness has no ability to fight. Praying for the world.
I think your article was written with a positive narrative on Crypto, I see that most of your sponsors are crypto related hence I can assume your are a crypto bill.. My takeaway is with Canada’s government showing zero hesitation to lock up crypto wallets when there citizens use crypto to fund a rather harmless trucker protest it seems that crypto might not be as protected as many assume. But Yellen’s comments combined with Powell comments should be sending warnings across the crypto world. To think that companies and crypto exchanges now run the financial risk of facilitating any transaction with Russia completely TRUMP any possible upside for said currencies. Very similar to American banks reluctance to partake in MJ transactions due to federal laws…. If Congress votes to regulate crypto it will have a disastrous effect on the entire industry. Russia and cancel culture could arise shortly.Yellen a mown anti crypto person would love to regulate crypto for it used primarily for nefarious causes…. Look out below…..
China has switched to their digital currency. Russia and China don’t need Swift or the Petro dollar for trade anymore. Won’t the BRIC countries kick out of the dollar now?
Considering China banned cypto and bitcoin mining, hard to see them adopting a digital currency they have no control over.
It just boggles my mind that we willingly are reducing our domestic energy production, and therefore are buying oil and gas from Russia. This can't be incompetence, which leaves only one possibility: it's being done on purpose.
Let's not forget that Hunter Biden made about $3m from Ukraine and Russia each, with 10% going to the "big guy" (Joe).
The internationalization of the remnimbi is ongoing!