Chapter
The Unintended Consequences of Sanctioning Russian Companies
1:16:01 - 1:20:27 (04:26)
The US's decision to stop trading in the securities of Russian companies led to the loss of $400 billion of market cap held by pension funds and retirement funds in the US and Europe, which was given to Russia for free. As the prices of Russia's gas and phosphate surged, and imports plunged under the weight of sanctions, their current account surplus tripled to 95.8bn in the first four months of the year.
Clips
Sanctioning Russian companies resulted in the transfer of $400 billion worth of market cap to Russia and doubled and tripled the prices of commodities they sell, leading to record profits for these companies.
1:16:01 - 1:17:45 (01:44)
Summary
Sanctioning Russian companies resulted in the transfer of $400 billion worth of market cap to Russia and doubled and tripled the prices of commodities they sell, leading to record profits for these companies.
ChapterThe Unintended Consequences of Sanctioning Russian Companies
EpisodeE84: Markets update, crypto collapse, Russia/Ukraine endgame, state of the podcast
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The US government's policy regarding the Ukraine war has been a failure on both levels - it lacks diplomacy, and there is no dissent within the Washington establishment.
1:17:45 - 1:18:51 (01:06)
Summary
The US government's policy regarding the Ukraine war has been a failure on both levels - it lacks diplomacy, and there is no dissent within the Washington establishment. Rather than using diplomacy, the US attempted to use the war to weaken Putin, and instead, it has done the opposite.
ChapterThe Unintended Consequences of Sanctioning Russian Companies
EpisodeE84: Markets update, crypto collapse, Russia/Ukraine endgame, state of the podcast
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Sanctions on Russia have not only failed, but have also set a dangerous precedent by allowing oil to settle in currencies other than the US dollar.
1:18:52 - 1:20:27 (01:34)
Summary
Sanctions on Russia have not only failed, but have also set a dangerous precedent by allowing oil to settle in currencies other than the US dollar. With prices surging for oil and gas imports and imports plunging under the weight of sanctions, Russia's current account surplus has more than tripled in the first four months of the year to 95.8 billion, ultimately leading to an increase in the market price.