Episode 48 Who Profits and Who Loses from Sanctions on Russia

Summary:

President Biden has announced a ban on Russian oil imports into the United States. He acknowledges this will hurt American consumers but promises to ease as much pain as possible by punishing American gasoline providers. We’ve been here before.

Additional Reading:

The Government Declares War on Market Prices Just When We Need Them Most

Will Poland Sacrifice Itself Again for a Global Empire Risking World War?

Shadows and Foreshadowing at Nagasaki

China Plans To Take Advantage Of The Big Oil Exodus From Russia

Oil Consumption by Country

Germany rejects boycott of Russian oil and gas as it will leave millions without heat

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Free Gift from Tom:

Download a free copy of Tom's new e-book, It’s the Fed, Stupid, at itsthefedstupid.com.

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It makes a great introduction to the government’s most economically damaging institution for liberals, conservatives, libertarians, socialists, and independents alike.

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