U.S. Civil War & The War In Ukraine, Cotton & Oil, Greenbacks & Cryptocurrency

Trading With The Enemy!

IN THE NEWS:

The War In Ukraine, Oil & Cryptocurrency

On March 9, President Biden issued an Executive Order for the “responsible development of digital assets”. This Cryptocurrency order has an important geopolitical component to it: ensuring the continued global dominance of the U.S. dollar. This is just the type of dominance that the U.S. has leveraged to place heavy pressure on Russia’s economy now.

On the other side of the world, after meeting with Mr. Putin, President Marcon of France told reporters that he believed the Russian president was “stiff, isolated and ideologically unyielding.” NYTimes, 3/26/22. This is more than a trivial matter. U.S. intelligence believes that President Putin’s isolation, from all but a few confidants, may have indeed impacted his war mindset. NYTimes, 3/5/2022; and WSJ, 4/1/2022.

This mindset is further compounded by Mr. Putin’s perception of his country’s economic might — power that is derived from two highly valuable commodities: oil and gas!

Indeed, the European Union is beholden to Russia for 40% of its gas and 25% of its oil. NYTimes, 4/2/22. So, did Europe’s fuel…