It might be difficult to explain why this could happen if Russia invades Ukraine but if it does it will create something similar to a "New Cold War" especially between Russia and all the Western Democratic powers including the U.S.
We haven't seen anything quite like this actually since World War II or the Korean War where MacArthur wanted to take the American Army all the way to Beijing and take over China. Only because the President and Congress stopped him was he prevented from doing this by the way. However, Since China has never been a sane country to operate simply because of the amount of people and land and because still there are over 150 insurrections there by the people against the government with thousands of people fighting and dying there every year, we really wouldn't have wanted to get into the middle of a 6000 year old culture that has always been fighting with itself for thousands of years already.
So, expecting a doubling of inflation partially caused by Russia attacking Ukraine and because Europe and the U.S. and other countries might stop buying Russian Oil in protest could cause gas prices to increase about 40% beyond where they presently are simply because of the amount of oil Russia puts onto the world market daily.
So, if Russia attacks Ukraine it will get very very bad economically for the average person on earth who is the lower 50% of all countries economically. So, if Russia attacks millions and millions more people worldwide than now will definitely starve to death including some Americans here in the states too.
Note: If the Democratic nations stopped buying Russian oil then Russia would sell all it's oil to China and the 3rd world nations instead. This might be very good for the Chinese economy long term and possibly for Russia too. not sure.
We are living in very strange times driven by the paranoia of Putin (at least at this point).
Also, Putin is like most dictators. He is surrounded by "YES" men who ONLY tell him what he wants to hear. "BUT NOT THE REAL TRUTHS ABOUT ANYTHING!"
Which is why all this is at a level of insanity we haven't seen since Hitler and Stalin at this point.
And then on top of all this we have a world wide pandemic killing millions and millions of people and driving all the rest a little bit crazy and more every day.
Omicron is likely going to make China really insane to govern during the next year or so too because of the outrage of all the people from millions of Omicron cases and deaths.
So, I'm afraid the whole world is in for it "one way or another" until Covid ends or morphs into something different than it presently is.
Note: My wife says she doesn't think inflation will double even though gas and diesel prices could. However, when you double gas and diesel or kerosene for jets prices anything hauled by truck or rail or plane are going to be more expensive when that happens because the shippers have to pass on the costs to the consumer to stay in business.
I think Russia might supply 40% of oil to the world which is why I think Gas prices could double if they start selling their oil to China instead of the free world.
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