The conflict in Ukraine is changing the finances of the world. The world’s richest man entrepreneur Elon Musk has put his technology to use to fund the current conflict in the Ukraine through cryptocurrency. Multiple tens of millions of dollars where recently transferred into the digital wallets of resistance in the heart of the Ukraine by the way of Mr musk’s satellites providing internet into the conflict zone.
Funds seized
The West is aggressively sanctioning Russian monies in bank accounts around the world. Even everyday Russians are having their credit cards and access to cash limited in Ukraine. Russian billionaires or oligarchs we’re having yachts and apartments seized around the world, as a million refugees are DP or displaced persons arriving in European countries from the war zone in Ukraine.
Six hundred billion reserve fund found
A 600 billion foreign currency, or hard currency fund is discovered to be being held by it the Russian government. Although being reported as a fund for war it’s roots probably go back to the foreign reserve fund that the Soviets kept for buying wheat as the country had seen starvation many times sometimes in emergencies to buy wheat from the West when the Ukraine and other bread basket areas failed.
Inflation
The cost of money and the sanctioning of assets are causing inflation in the world. This is particularly noticeable in the oil and gas sectors has Russia exports a good deal of oil and gas to the world. These are now coming under sanction.
Failed state concerns.
Pressure on countries involved in this conflict is rising the specter of failed state. Very quickly a decent lifestyle that have been developing in Ukraine and Russia for its citizens is being swallowed up by real destruction displacement and loss of morale. The $11,000 annual income of regular Russian citizens and the availability of consumer goods at reasonable prices have created a lifestyle not enjoyed by the masses of these types of Nations in the past. The tension of freedom from want, fear and repression is being stalked once again in the land that had been progressing and as usual the innocent and the hopeful are being mocked by the confusion, fear and disruption that comes from conflict
Military industrial complex
The desire for sovereignty and secure borders being brought on by this conflict may excite the military industrial complex that was touted before the age of open borders and free trade and that the world enjoyed for the last few decades.
Military budgets under pressure
An inflationary pressure is already being noted as some NATO countries increase spending to the 2% standard that is the best practice of NATO Nations..
On this Day: March 4th 1966
John Lennon declares the pop band The Beatles “more popular than Jesus”
Kevin Griffiths
percypaschal
The Proprietor Review 