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Will the Russia-Ukraine Crisis Cause a Massive Economic Upheaval?

Rebel Capitalist Show

The world is in a chaotic moment right now. 

Russia’s military intervention in Ukraine on February 24 has geopolitical, economic, and military pundits speculating about what comes next.

There’s lots of talk about military aid being sent to Ukraine, NATO forces ready to intervene, and even nuclear escalation on the table. Very scary stuff. 

On the economic front, there’s growing speculation of Russia being completely cut off from the Western financial system as well, which could escalate things not only militarily but also with regards to the status of the dollar as the world’s sole reserve currency. In the short-term, energy markets could be completely thrown out of whack as Russia threatens to cut off natural gas to the West and the US. This could create massive inflationary pressures across the Western world.

All around, this entire situation is incredibly unstable. We may be on the cusp of seeing a total re-sort of the current international order. What lies next is anyone’s guess. But one thing is certain: The transition to the new order will be brutal.

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