Breaking Points with Krystal and Saagar 3/8/22: Ukraine War News, Gas Prices Surge, Biden Polling Data , Media War Propaganda, & More!
Mar 8, 2022
Rory Johnston, author of the Commodity Context Substack, brings his expertise on energy markets to the discussion. He dives into the surging gas prices and their impact on American families, especially the most vulnerable. The episode takes a critical look at misinformation surrounding the Ukraine conflict, including the media's tendency to create oversimplified hero narratives about President Zelensky. Additionally, they analyze how U.S. oil sanctions against Russia are shaking up global energy markets and affecting domestic stability.
AI Snips
Chapters
Books
Transcript
Episode notes
Dire Economic Outlook
- Wall Street downgrades stock market forecasts as oil prices surge, causing market declines.
- This creates a dire economic picture with high inflation, rising gas prices, and potential interest rate hikes by the Fed.
Record High Gas Prices
- Gas prices hit a record high of $4.17, impacting working-class Americans the hardest.
- The rising gas prices are due to depleted wages from inflation, dependence on cars, and poor public transit.
Media Misinformation
- The "Ghost of Kyiv" story, aired on MSNBC, is a myth, highlighting the spread of misinformation.
- While such stories boost morale, fake news is harmful, especially when used to promote hawkishness.
