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Cake day: July 5th, 2023

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  • This is what I think a lot of folks are missing about the current situation. This won’t be a run-of-the-mill recession. It would be physical, material disruptions in a whole lotta systems in transportation, food, manufacturing, energy, you name it. This means a lot of unemployment. The pandemic and 2008 are gonna look funny conpared to it. It’s not merely a crisis in the metadata (finance) which can be corrected via adjustments. It’s actual lack of a thing we use for everything. Increasing the price of it, which will absolutely occur, won’t make significantly more of it available. It would just change who gets more of the much smaller amount available. And when something gets expensive, the poorer people and countries get less of it than than the richer ones. Which means the crisis gonna get em that much harder.



  • If they can force the question like that to the US, perhaps. But I don’t think they can do that. They would have already done so if they could instead of complain about being asked not to. They don’t seem ideologically predisposed to play hardball like Iran is. Or pehaps their material position to knock Russia’s oil prod is not as strong. Which is the other concern. If they knock a chunk of it offline, enough to trigger regime changes across Europe (through oilprice-triggered recession/depression), but not enough to win the war, then they’d be absolutely fucked and will def lose the war.


  • If gulf oil supply was still flowing, that would’ve probably made a positive difference.

    But with gulf oil supply dried up, if he doesn’t win the war by blowing it all up, where’s the fuel gonna come from for fueling his army, the energy that the European economy needs to supports the war materially and financially? Or the energy fueling China’s production of the electronics and motors Ukraine uses for drone producrion.

    If Russian oil production is knocked offline while the gulf’s is dead, we’re entering revolutionary economic conditions and I think the support for Ukraine under such conditions would evaporate.