As we were troubled by our domestic issues, Euro kept falling fast, but profet Othello saw it coming
From 1.22 one year ago, to 1.00 means it has lost more than 20% of its value in 1 yr.
I guess the world is in recession, or there is a new world order coming along.
The West is considering capping the Russian oil prices to $40 per barrel. That would bring the oil prices down fast, but can also lead to serious spikes to $170. But I guess the former is more likely to happen.
Then again, do we have an end of this crisis in sight? Putin has already seized 20% of Ukraine, and I don't think he's can give it back. Ukraine is also not ready to lose part of its territory, esp with the backing of the West. So negotiation to end the war is out of question.
The main goal of US is to weaken the Russian economy such that they can't sustain their war machine, or maybe cause a revolution to oust Putin.
This war will go on and on for years and may involve West vs Russia, and the end of it will be use of Nukes. Brace for a world catastrophe, wadau.
My bedsitter analysis
From 1.22 one year ago, to 1.00 means it has lost more than 20% of its value in 1 yr.
I guess the world is in recession, or there is a new world order coming along.
The West is considering capping the Russian oil prices to $40 per barrel. That would bring the oil prices down fast, but can also lead to serious spikes to $170. But I guess the former is more likely to happen.
Then again, do we have an end of this crisis in sight? Putin has already seized 20% of Ukraine, and I don't think he's can give it back. Ukraine is also not ready to lose part of its territory, esp with the backing of the West. So negotiation to end the war is out of question.
The main goal of US is to weaken the Russian economy such that they can't sustain their war machine, or maybe cause a revolution to oust Putin.
This war will go on and on for years and may involve West vs Russia, and the end of it will be use of Nukes. Brace for a world catastrophe, wadau.
My bedsitter analysis
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