25 May 2022 10:33 pm
You never actually come out and clearly explain your case. Here I am assuming you are referring to the war in Ukraine. And I also assume your confirmation bias immediately latched on to any event and used it to create a reason why you were wrong and I was exactly right 18 months ago. For obvious reasons your confirmation bias is dead wrong.Blackvegetable » 24 May 2022, 2:46 pm » wrote: ↑ Are you prepared to acknowledge the event in Europe?
Twatty won't.
@Huey
The sanctions placed on Russia are not targeted at the Russian petroleum industry. There has been no substantive disruption in energy exchanges as a result of the war in Ukraine, or sanctions on Russia. The only disruption in energy production took place (and was caused by) the Biden administration in the first days in office. These early actions by the Biden Administration resulted in high levels of inflation shortly thereafter, long before war in Ukraine. The sanctions which were put in place were targeted elsewhere, and the non-petroleum based aspects of the Russian economy are too small to make any impact on inflation here or elsewhere. Russia is an oil company masquerading as a country. The Russian economy is abysmally small in general. Inflation was high long before Russia invaded Ukraine and since sanctions didn't involve Russian oil, oil prices continued just as they had been and would have regardless of the war in Ukraine. It is nothing more than a convenient scapegoat for the Biden administration to use to obfuscate their disastrous economic policy. And your confirmation bias obliged them. Biden's attempt to use the war in Ukraine is no different than their similar attempt to use a myriad of other excuses (also without merit) prior to the war in Ukraine. They even attempted to use global warming as an excuse. And your lack of understanding of the field of economics, combined with your confirmation bias probably believed the global warming malarkey too.