RE: Russian lawmakers authorize Putin to use military force outside the country
03-08-2022, 06:08 PM
03-08-2022, 06:08 PM
Russia is the third largest nickel miner in the world. So the price of nickel is up five times since the beginning of the year, and has now hit $100k per ton. Basically, there's a short squeeze, and a lot of people just need to buy any nickel to cover their investment. But for the nickel mining companies that were hedging their income, it would be pretty silly to go out of business because nickel prices are too high. Nickel trading has been halted as a result.
What does this mean for you? Well, in the US, a nickel (5¢ piece) is worth about 9¢ melted down. Start melting your coins before things go back to normal! Also, the price of electric cars will increase $1000 from nickel alone.
-- Also, the IAEA lost contact with Chernobyl. Hopefully nothing has exploded.
-- Reactor staff still not allowed to change shifts.
-- McDonalds closes its restaurants, but plans to keep paying its employees so as to feed money more directly into the Russian economy.
-- Lines outside McDonalds today are long, but not as long as the utter chaos that was the last day at IKEA.
-- PepsiCo is kinda sorta leaving Russia, barely: basically they make food products and argue for continued production for humanitarian reasons. They will stop advertising and capital investments, though.
-- Starbucks closing in Russia. Russians will soon have to toast their own beans into charcoal.
-- Russia announces wide-ranging import-export ban; will announce what goods and what countries are covered later. Let me revise: Russia announces propaganda.
-- Russia attempting to interfere in nuclear treaty with Iran, because why not sabotage other relationships with the West?
I've mostly been focused on the business and diplomatic realms when I post here. Partially that's because I really don't like to think about human suffering. But the other part is that I feel like the economics are perhaps more important to winning the war than the military conditions in Ukraine. Sure, control of territory actually matters, especially on a human level, but so long as Ukraine maintains at least a force in being, the war can be won economically and diplomatically.
What does this mean for you? Well, in the US, a nickel (5¢ piece) is worth about 9¢ melted down. Start melting your coins before things go back to normal! Also, the price of electric cars will increase $1000 from nickel alone.
-- Also, the IAEA lost contact with Chernobyl. Hopefully nothing has exploded.
-- Reactor staff still not allowed to change shifts.
-- McDonalds closes its restaurants, but plans to keep paying its employees so as to feed money more directly into the Russian economy.
-- Lines outside McDonalds today are long, but not as long as the utter chaos that was the last day at IKEA.
-- PepsiCo is kinda sorta leaving Russia, barely: basically they make food products and argue for continued production for humanitarian reasons. They will stop advertising and capital investments, though.
-- Starbucks closing in Russia. Russians will soon have to toast their own beans into charcoal.
-- Russia announces wide-ranging import-export ban; will announce what goods and what countries are covered later. Let me revise: Russia announces propaganda.
-- Russia attempting to interfere in nuclear treaty with Iran, because why not sabotage other relationships with the West?
I've mostly been focused on the business and diplomatic realms when I post here. Partially that's because I really don't like to think about human suffering. But the other part is that I feel like the economics are perhaps more important to winning the war than the military conditions in Ukraine. Sure, control of territory actually matters, especially on a human level, but so long as Ukraine maintains at least a force in being, the war can be won economically and diplomatically.
"Kitto daijoubu da yo." - Sakura Kinomoto