The Nomad Economist

Why Sanctioning Russia Will Fail In response to the brutal, unprovoked, and illegal invasion of Ukraine, the U.S., the U.K., and countries in the European Union have effectively cut Russia out of the global financial system. Germany suspended construction of the Nord Stream 2 natural gas pipeline and is talking about beefing up its military. Italy and France are seizing yachts and other assets of Russian citizens on the grounds that they are kleptocrats profiting from an outlaw regime. U.S. Congress is contemplating a bill that would let the government grab Russian assets in America above $5 million and use the proceeds to aid Ukraine. A slew of private companies have also voluntarily withdrawn from Russia. Apple and Google Pay have stopped working on Moscow's public transit system. Russian filmmakers with ties to the government have been disinvited from showing their work abroad. The International Cat Federation has banned Russian felines from competition. Such actions are of course understandable in the face of unjustifiable aggression, but will they actually work to facilitate Russia's withdrawal from Ukraine or weaken Vladimir Putin's regime? If history is any guide, the simple answer is no. And not only that, they will mostly harm the already long-suffering people of Russia and quite possibly be used by Putin to justify even more egregious behavior. Historically, sanctions, especially in authoritarian regimes, often galvanize the targeted countries. U.S. economic sanctions on imperial Japan before World War II were taken as an act of war and encouraged more repression at home and expansion abroad. An October 2019 Government Accountability Office report found sanctions often have unintended consequences, including "negative impacts on human rights or public health."

Why is Russia's Putin so focused on Ukraine? Russia's troop buildup near Ukraine has raised fears among Western countries of Moscow engaging in hostilities against Kyiv. Here are some reasons why Russian President Vladimir Putin feels so strongly about Ukraine.

MAGA: CNN Now Admits Trump Was Right "LetsGoBrandon" ⚠️ FAIR USE NOTICE ⚠️ This video may contain copyrighted material; the use of which has not been specifically authorized by the copyright owner. We are making such material available for the purpose of criticism, comment, review and new reporting which constitute the 'fair use' of any such copyrighted material as provided for in section 107 of the US copyright law. Notwithstanding the provisions of sections 106 and 106A, the fair use of a copyrighted work for the purposes such as criticism, comment, review and new reporting is not an infringement of copyright.

When Ray Dalio was 23, President Nixon announced that the United States would no longer be adhering to the gold standard for American currency. Clerking on the floor of the New York Stock Exchange, Dalio expected to see chaos—but instead stocks soared. Curious to understand this phenomenon, he began to read about similar events in 1933, and it opened his eyes to the lessons that could be drawn from history. His latest book draws on the patterns he’s gleaned from studying dynasties and empires throughout time, as well as his own experiences as a hedge fund manager and founder of Bridgewater Associates. Ray joined Tyler to discuss the forces that will affect American life in the coming decades, why we should be skeptical of the saliency of current equities prices, the market as a poker game, the benefits and risks of the US dollar as the world reserve currency, why he thinks US inflation will not be transitory, the key to his success as an investor, how studying the Great Depression enabled him to anticipate the 2008 financial crisis, Bridgewater’s culture of radical transparency, the usefulness of psychometric profiles, where the United States is falling short most in terms of moral character, his truth-seeking process, the kinds of education crucial to building a successful dynasty or empire—and what causes them to fail, how transcendental meditation helps him be creative and objective, what he loves about jazz music, what we undervalue about the ocean, why he loves bow-hunting Cape Buffalo, and more.

WOW: Jen Psaki Faces BRUTAL Questions on Russia Sanctions #Dronetek #jenpsaki #ukraine #russia

Forget the Great Reset. Embrace the Great Escape. THE ROLE OF CRISIS IN CREATING A NEW MICROECONOMIC WORLD Reason is the planet's leading source of news, politics, and culture from a libertarian perspective. Go to reason.com for a point of view you won't get from legacy media and old left-right opinion magazines. ---------------- "The coronavirus pandemic has no parallel in modern history. It is our defining moment." Those are the words of Klaus Schwab, head of the World Economic Forum (WEF), in COVID-19: The Great Reset, the 2020 book he co-authored with Thierry Malleret. "Many of us are pondering when things will return to normal," they write in the book's introduction. "The short response is: never." At the latest WEF meeting in Davos, Switzerland, this January, Schwab set the tone for the conference with his glowing introduction of the opening speaker: Xi Jinping, China's president and chairman of the Chinese Communist Party "Major economies should see the world as one community… and should coordinate the objectives, intensity, and pace of fiscal and monetary policies," said Xi in his address to the WEF. This vision of a united globe with a coordinated economy managed by experts captures Schwab's vision of the post-COVID world. "We have to redefine the social contract," said Schwab at a 2020 WEF book launch event for The Great Reset. These grand proclamations, the ominous book title, and Schwab's odd personal style have led many people to speculate that the "great reset" is part of a conspiracy of global financial elites and politicians to depopulate the planet so that they can more easily institute one-world government, or even that COVID was engineered to that end. I don't buy it. Far-reaching, global conspiracies require levels of coordination and shared purpose likely to be quickly exposed and fall apart, especially in the networked age. Instead of spinning our wheels searching for a secret agenda, take a look at the one right out in the open. "I think we are moving from short-term to long-term, from shareholder capitalism to stakeholder capitalism," said Schwab at his 2020 book event. What Xi, the WEF, and people like Sen. Elizabeth Warren (D–Mass.) have in common is that they favor so-called stakeholder capitalism, which is a euphemism for making companies answer first to special interests. They want to reorganize corporate boards to include representatives from labor, environmental, and social justice groups. Warren proposed a bill to require 40 percent of large corporate board seats be elected by workers. In China, the state simply owns or controls a majority stake in most of the country's largest firms. Written and produced by Zach Weissmueller, animation by Tomasz Kaye, additional graphics by Nodehaus

Which city is better to live? TORONTO v/s VANCOUVER It’s a question as old as time…one which has left scholars baffled and philosophers befuddled. It’s the question that shakes the nation, and which many Canadians have had to ask themselves at some point in their lives: Which is better…Vancouver or Toronto? Unlike our busybody neighbour the United States, Canada is one of the least densely populated countries in the world. There are only a handful of “big” cities, which compared to the US, aren’t even that big. So when most Canadians need to decide on a city, it typically comes down to a decision between East or West coast – Toronto or Vancouver (sorry Calgary, but no one enjoys -40 winters). I’ve lived in both Vancouver and Toronto for an equal amount of time, and understand the pros and pitfalls of each. Maybe you’re one of these Canadians faced with this problem, or maybe you’re an out-of-towner with no idea of what these cities are about. Either way, I’m here to help you make this decision a bit easier.

watch this: WHY BIDENS CRYPTO REGULATIONS COULD BE BETTER THAN EXPECTED.GOOF NEWS FOR CRYPTO HOLDERS With the US President Joe Biden coming out with crypto regulations this week, most people are a little concerned. I have a different take.. ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! This channel is for entertainment purposes only and is just my opinion as I am not an expert or a financial planner. Please perform your own research.

#BlackRock. There’s a good chance you have never heard of them. In less than 30 years, this American financial firm has grown from nothing to becoming the world’s largest and most trusted manager of other people’s money. The assets left in their care are worth a staggering 6.3 trillion US dollars – a figure with 12 zeroes. Art Direction & Motion Graphics Design: Alexia Barakou Sound design: Panagiotis Papagiannopoulos & Alexis Koukias-Pantelis Narration: Pavlos Zafiropoulos

THE BITCOIN AND CRYPTO MARKET had quite a rally because whales are buying everything in site. wallets tell the tale (tail)... ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! This channel is for entertainment purposes only and is just my opinion as I am not an expert or a financial planner. Please perform your own research.

►Some days are just good days and TODAY IS THAT DAY (MOSTLY). Russia steps up and takes the bull by the horns and sets forth some ROCK SOLID CRYPTOCURRENCY REGULATION for BITCOIN and ALL DIGITAL ASSETS. Also, the OCC released that Banks CAN custody crypto BUT the question is: WILL THEY DO IT and WHAT DOES THIS MEAN for the Cryptocurrency Space as a whole? Plus, helicopter money is coming YOUR WAY and Apple Co-Founder Steve Wozniak (WOZ) lays down THE LAW!

Mtglion is a Magic the Gathering store located in Houston Texas. We buy, sell, and trade Magic the Gathering, Pokemon, Yugioh, and Sports Cards. If you are interested in mtg finance and investing in magic the gathering cards, we are the channel for you. We are always trading, buying, and selling. Let us know what you have and we will make you an offer. Find us a buylist online and we will try to beat it. If you are looking for a fun community and magic the gathering store near me, you found the right place. **************************************** We carry most magic the gathering products.

Solo Hammock Camping and Cast Iron Cooking with Bushcraft & mushroom Foraging. Thanks for watching mate.

Get ready for your first look at the WARHAMMER III campaign map! From the frozen wastes of Kislev to the deadly Mountains of Mourn and the isolated lands of Grand Cathay, the battlefield is vast.

World War 3 is a nightmare. WWIII is lurking in the background of international politics. It may be useful to understand the mechanism in play. In this new series we will get up close and personal with the strategy and the tactics of a potential world conflict among the great powers of our time. It is a terrible scenario, highly speculative, but I believe it might give a contribution to the debate. Enjoy!

Inflation occurs when there is a sustained increase in the general price level. Traditionally high inflation rates are considered to be damaging to an economy. High inflation creates uncertainty and can wipe away the value of savings. However, most Central Banks target an inflation rate of 2%, suggesting that low inflation can have various advantages to the economy. Some economists even argue we should target a higher inflation rate during periods of economic stagnation.

It is becoming rarer and rarer to find any crypto with a 100X potential in the NFT or Defi cryptocurrency space. In today's video, we deep dive into PolkaCity's (POLC) fundamental analysis on the team, project and review some critical points that this Micro-Cap NFT Gem will need to improve on to achieve massive 100X returns. 🛑 Investment Warning: This is a Critical Review of PolkaCity and NOT a buy recommendation. There are NO GUARANTEES this crypto will achieve “100X”and you can possibly lose ALL of your investment. 🛑

Today I bring you my Tesla Model Y Performance. It's a vehicle that we have had for a little less than a month and have driven for over 1000 miles. I thought it was a great time to bring you an update about our life with the Tesla Model Y Performance. In this video I will go through some of my favorite features. It will not be a full review of everything that this car is and it's not, I'll leave that to the experts. Instead, I will touch on the particular things that I love and hate about this Model Y. Before deciding to buy our 2021 Tesla Model Y, I went through a series of expert reviews but also, we watched many owner review videos because I think there is great value in these testimonials of people that actually paid for their Model Y and live with it 24/7. And that to me, has a lot of insight into the highlights and shortcomings of the Tesla Model Y. Getting past the new car smell and I have learned to love this car even more. I think there are a number of things that this car does great. Number one: the driving experience. The ride is firm and the seats are comfortable. So the ride can be considered sporty, because of the suspension's firmness but also because of the lower center of gravity because of the electric battery. if you have driven a BMW with the M Sport Package, then this will feel familiar to you. The visibility of the road ahead and the sides is great, not so much towards the rear of the vehicle. This vehicle is heavily based on the Model 3 so it is able to achieve this higher seating position thanks to a minimal ground clearance alteration of about 1 inch. But what makes the seating position way taller in comparison with the Model 3, are these mounting humps that are about 3 inches high.

After 14 transformational years in Los Angeles, where my wife Lindsey and I built careers, bought a house, got married and had three kids, we decided to pack up and relocate. And we're not alone. California's approach to the pandemic made life harder than ever before. I've reported extensively on California's policies, from the expensive and unreliable energy grid to the aggressive taxation and regulation, from the draconian lockdowns that permanently damaged small businesses and kept children out of school for longer than anywhere else, to the failure of city leaders to cope with the nation's worst homelessness and mental crises. I've seen it all firsthand. But my main reasons for moving aren't political; they're personal. California: I still love you. Sometimes I don't feel it. But I really do.

After banning all cryptocurrencies, China is now ‘close’ to releasing its own digital coin. A gold-backed cryptocurrency. This could be “a catastrophic trapdoor opening underneath the US economy. China appears to be advancing efforts to issue a digital currency in the wake of Facebook’s own token, Libra. When China announces as a surprise its 20,000 tons of gold and a gold-backed cryptocurrency that “will kill the US dollar deader than a doornail, it will be a “Pearl Harbor-type event, and it’s coming in the next six to nine months" Max Keiser predicts. Welcome to The Atlantis Resort. Russia, from its side, is maybe building a gold-backed cryptocurrency on the state level, that has the potential to disrupt the current global financial system. China may be on the same track. Russia is buying gold, and there is no denying or hiding this fact. In the past few decades, Russian gold reserves have more than doubled, and the demand from the Government is now exceeding the mining supply of the metal. China’s recent endorsement of blockchain technology meanwhile appeared to have an immediate positive impact on Bitcoin markets. Nonetheless, local media subsequently tempered the hype, advising citizens not to take the support as proof of a change of stance regarding cryptocurrency. Beijing outlawed cryptocurrency trading in September 2017, a situation that officially remains the same despite rumors that investors are using different on-ramps to gain access. China launching a digital counterpart of the yuan backed by gold puts Bitcoin (BTC) at a disadvantage, veteran gold bug Peter Schiff claims. In a tweet on Nov.

Whenever something Earth-shattering and awful happens, we've come to expect grifters, celebrities, and attention whores to go to the mattresses with the dumbest and most-self-obsessed takes imaginable. That's all well and good—Viva free speech!—but we shouldn't stand for that from the "serious" people—the activists, media figures, and policymakers who keep telling us how smart, informed, and wise they are. That's especially true when we're talking about actual war. So here's a word to the would-be wise: You don't have to serve up glib, instamatic replies that would make Joy Behar wince in the hopes of building a consensus for your pre-existing obsessions.

Since the Russian invasion began, Ukrainians have shared recipes for making Molotov cocktails and instructions for driving abandoned troop carriers. They've used encrypted apps to coordinate tactics and to ask Russians to stand up to their government, who in turn have staged protests in Moscow and other cities. Though it may end up losing on the battlefield, Ukraine has been able to show the world the brutality and folly of the Russian attack, which is only possible because everyday citizens have retained access to the internet. But maybe not for long: In areas with the heaviest fighting, internet outages are becoming common, and since information is power on the information , there's a danger that Russia will find a way to knock the country fully offline.

Reason is the planet's leading source of news, politics, and culture from a libertarian perspective. Go to reason.com for a point of view you won't get from legacy media and old left-right opinion magazines. ---------------- The Consumer Price Index (CPI) tracks the cost of everyday items. It's jacked up a whopping 6.8 percent over the past year, the biggest increase in almost 40 years. Gas is up 51 percent, beef is up 20 percent, and furniture by 11 percent. This is making the nightly news sound a little too much like a rerun of That '70s Show, a sitcom set in a decade famous for ever-rising prices and useless "Whip Inflation Now" buttons that Gerald Ford tried to stick on everybody from running mate Bob Dole to former Beatle George Harrison. Back in the 1970s, Ford was better known for literally and figuratively stumbling than for his economic acumen, especially when it came to inflation, which soared into double digits shortly after he took office. Ford believed that the way to beat inflation was to browbeat companies into keeping prices down and Americans into becoming bargain hunters. He declared a war on high prices, referring to inflation as "domestic enemy number one." "I pledge to my fellow citizens that I will buy, when possible, only those products and services priced at or below present levels," promised Ford. Joe Biden is looking reminiscent of the 38th president, and not simply because he also has trouble with airplane steps. Biden, his advisers, and his champions in the press are ignoring the tough lessons of the past by downplaying inflation or bizarrely claiming it only freaks out rich people. Then there's leading Democrats like Sen. Elizabeth Warren (D–Mass.), who seemed to be channeling Gerald Ford when she tweeted out that the reason "your Thanksgiving groceries cost more this year" was "because greedy corporations are charging Americans extra just to keep their stock prices high." Even worse, Biden and crew are delusionally pronouncing that we can tame inflation by pumping massive amounts of government money into the economy—a course of action that will almost certainly make everything more expensive. "What this package will do is lower some of the most important costs, what [families] pay for health care, for child care. It's anti-inflationary in that sense," said Treasury Secretary Janet Yellen in defense of the recently passed $1.2 trillion infrastructure bill and promises of even-bigger bills related to the president's "Build Back Better" agenda.

Prime Minister Justin Trudeau delivers remarks announcing sanctions on Russia