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Russia Sanctions Sure To Create Painful & Unexpected Ripple Effects | Brent Johnson
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With the world issuing new economic sanctions on Russia following its current incursion into Ukraine, the value of the Russian ruble, as measured in dollars, is plunging
News reports abound of Russians scrambling to exchange money for dollars, though Russian authorities are putting measures in place to thwart that.
We're fortunate to be joined briefly here today by Brent Johnson, fund manager at Santiago Capital who is well-known for his Dollar Milkshake Theory which predicts that as instability & crisis occurs in the world, it will drive demand for the US dollar -- which we appear to be seeing playing out in real time right now.
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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis.
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#russia #dollar #sanctions
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IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.
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