
218 - Russian sanctions & Wartime speculations
The David McWilliams Podcast
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Russian Wheat Is the Foundation of the West
The first major impact is going to be on prices and inflation. Sone russia, biggest explorte of wheat in the world. If you sanction that, wheat prices go up. And don't forget that most people think the single biggest trigger for the arab spring was not some yearning for democracy, but high bread prices. Was food prices when yor up dramatically because of a wheat shortage. So thats, i think that's that' where we're Going to go in. But, you know, puton also knew that this is going to happen. Te be going to be sanctiond sinstf, so we probably hedged is. But maybe ot up the bitcoin
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