RE: Trading update25 Mar 2022 06:35
Good morning Mr A Smith,
It is complicated to understand how political changes around the world will impact our investment outcomes,
Using Russia as a scapegoat just doesn’t hold up on the logic meter. The assertion by Biden and Johnson, and many other top Western leaders has been that blocking Russian oil and gas to the West is leading to inflation in multiple sectors of the economy, but it’s “necessary” to stop Putin’s invasion of Ukraine.
One might assume that we use a lot of Russian oil. We don’t. Especially not in USA.
There is no way that sanctions on Russian oil and gas are the cause of rising prices, nor do these sanctions have any effect on the power in Russia. Inflation was hitting 40-year highs back in December of 2021, well before the war in Ukraine. In fact, the Fed’s interest rate hikes moves oil markets far more than the war on Ukraine.
I would have a special message for Biden and Johnson .Please do us a favor and shut up, and stop sending weapons to Ukraine. (lethal defensive assistance - Washington bull****) . Western nations must ask themselves whether the current course of action is less likely to help end the war. The consequences of flooding Ukraine with weapons are unpredictable and likely disastrous,
A sizable increase in U.S. and NATO weapons transfers will prolong the conflict and result in even more deaths and destruction.
Are we smarter than Biden, Johnson, Sholtz, and Macron, or maybe we are not. Their propaganda script is full of holes.