Oil, Gas, electricity! We NEED that for consumption. If you stop consuming, you need less energy. If you consume too much energy you need more energy. Heating our homes, growing our food, buying our food, transportation, products..
What could go wrong?
When energy markets break down it looks as though that will be the best commodity of the future. It's interesting these day's to say the least. Paper markets determine future prices. Anyone who has been collecting assets such as #gold and #silver understand these basics.
Those that understand anything really know "sustainable" energy has it's costs. There will never been enough energy output to continue our standard of living. Even oil producers are angry because they know their "energy" should be markedly higher than what paper markets are printing. Who knows this the most?
Putin has Europe by the balls. This was discussed numerous times in the past few years. European leaders worried not and now they scramble. Any normal Leader could see this gap in what the need and yet they looked the other way. They are content on printing trillions of dollars to prop up paper markets.
In my opinion thi is alreading breaking down and will lead to major unrest as people cannot buy the things they need and fuel their comfort levels.
The more things 'change' the obvious they stay the same. This decade is rife with coming unrest and when the hoardes start filing the street (again), this time will be much different. The west will now look like 3rd world countries if they do not already.
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The EU and the US have made the critical strategic mistake of thinking their dominance of intangible things - fiat money (USD), centralised finance and the media - could beat dominance of real things - energy, food, metals.
They are fatally wrong.
As we in the crypto space know, there are good alternatives to these Western dominated intangibles, but no good alternative to the things Russia dominates.
The EU is a value add economy facing catastrophic economic destruction as its key economic inputs become unavailable or so expensive production is uneconomic - $100M Russian energy creates $1Tr of German production.
Europe must abandon Ukraine and sue for peace now before it is too late. The US has thrown them under a bus in an ill conceived attempt to weaken a Russia that was no threat to the US or the EU.
Current attempts at money printing government bailout will only make things worse, leading to hyperinflation and economic and social collapse.
"Russia's fault". Time for war and gear up we have seen this play before.
It's true. The energy market should be given more value than they are getting. Cos, look at us, these days we have been enjoying more power supply, and I haven't had any worries about my device getting low, and not being charged. And of course, I had food today which I needed gas to prepare it. Again, people are using oil for their vehicles and the rest. Therefore, the energy market deserves a pat on the back.
Sadly, the government prefers to print more papers rather than doing what needs to be done. 🤦🏿♀️
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Yay! 🤗
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