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Podcast: The Schaftlein Report
Episode: Schaftlein Report | Economic Impact of Russia's War
Description: Topics: 1) Russia and Belarus produce 40% of the worlds ingredients such as potash - Ammonia, nitrogen and phosphates are also used in fertilizer which is soaring up 30% this year - this and more leads to significant increase in food prices 2) The risk to both developing and developed countries of the possibility of a global food shortage crisis looms as the cost to make food rises *Supply chain bottlenecks are likely to worsen - Wheat is up 60% since February 3) A negative feedback loop is starting with chaos in commodity markets leading to chaos in the real world...