I was listening to PIMCO's Bill Gross:Bill Gross sees just one ‘safe haven’ in this in his video in the word button I just quoted.
He was saying something about how this isn't a Lehman Brothers problem in Argentina and he cited various reasons why this is. So, that's a relief. However, what he said might be more worrisome if Russia decides to economically, through the Internet, or militarily attack Europe or the United States. One thing it might do is to cut off all oil (in any form) to Europe. However, it needs the revenue to keep it's goverment running as that is 40% about of the revenue of the Russian Government in total oil sales to the world.
So, it appears the danger might be retaliation for sanctions and this could be problematic. Remember, we are now in a Cold War and all the rules have changed. You need to study the Cold WAr to financially survive now. At least most people need to consider this. However, the internet, Sanctions, Social Media, Drones, and terrorists now have changed every aspect of how wars are fought now since the Cold War ended around 1991. So, this is a whole new series of proxy wars and sanctions and everything else.
So, it's true there are going to be a lot of new surprises for all of us. I would say what we don't know and can't find out until it's too late will be the biggest problems of all. But, I guess it has always been this way.
IT's a Brave New World.
To the best of my ability I write about my experience of the Universe Past, Present and Future
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