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Real Vision: Finance & Investing

Energy, Food, and War in Eastern Europe

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.11.1K Ratings

🗓️ 5 March 2022

⏱️ 36 minutes

🧾️ Download transcript

Summary

Volatility remains the dominant theme for financial markets, as prices for energy and food commodities continue to rise along with hostilities in Eastern Europe. Russia’s war on Ukraine has made central bankers’ fight against inflation that much more complex. And its broader ramifications multiply seemingly by the hour. Peter Zeihan, a geopolitical strategist and the author of the forthcoming book “The End of the World Is Just the Beginning: Mapping the Collapse of Civilization,” joins Real Vision’s Maggie Lake for today’s Daily Briefing to discuss what is rapidly devolving into the biggest global crisis since World War II. As Zeihan notes, “Russia is often derided as a gas station masquerading as a country.” But this is an oversimplification. In fact, Russia – and its neighbors, including Ukraine – plays a critical role in global agricultural markets. Zeihan discusses fractured trade relationships, energy, agriculture, and what is an increasingly fraught future for the entire world. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3tBW24G Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:09.4

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0:35.4

Hello and welcome to the real vision daily briefing. It's Friday, March 4th, 2022. I'm

0:39.9

Maggie Lake here with Peter Zion, political strategist and founder of Zion on politics. Peter

0:45.4

is also the author of the new book The End of the World is just the beginning mapping the

0:51.7

collapse of globalization. Peter, welcome, congrats on the new book and how timely we were

0:58.0

just commenting that it could be the caption for this week. That's how it feels. Yeah, and

1:02.9

we're just getting started on this particular circus. There's a lot more coming just around

1:07.6

the corner, which is, which is ominous. So very quickly, the market certainly sense that

1:14.3

I think, although very hard to kind of game out what's happening and we see US equities

1:20.3

which just close down across the board, although it does look like they're going to close off their

1:25.3

worst levels of the day, we have the US treasury around 1.73% really caught between these Ukraine

1:32.0

headlines and what was a really strong job report and an anticipation that might keep the fed

1:36.8

on track, goals up 2%. Again, benefiting from that safe haven, cryptocurrencies, currencies,

1:43.4

interestingly down between 5% and 6% today. So Peter, this is actually the fourth, I believe,

1:50.6

book in a series that you have written supporting your thesis that the current world order is changing

1:58.8

and that we're entering a sort of maybe a new more chaotic period before we jump into specifics.

2:05.6

Can you kind of give us an overview of your thinking? Of course. So until World War II,

2:10.9

geography was with determined economic success. You had to have access to certain points,

2:15.5

you had to fortify your borders in certain ways like behind mountains, in the case of Russia

...

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