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Rebel Capitalist News

News: Russian Oil Price Cap Could Be Catalyst To Next Crisis

Rebel Capitalist News

George Gammon

Business, Investing

4.71.1K Ratings

🗓️ 9 December 2022

⏱️ 13 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, Hello, Rubble Capital.

0:01.1

Hope you're well.

0:02.5

Got a quick question for you.

0:04.6

When is the last time price controls worked well?

0:09.4

Josh, Q the Jeopardy music.

0:11.2

Yeah, I don't know if there is a time George. That would be never. All right, so let's go to this article from Zero Hedge. The Russian oil price cap isn't as simple as it seems. I could not agree more and if you

0:28.9

listen to the Biden administration or Ursula over at the EU or any of these clowns with the global elite,

0:37.1

the Malthusian cult, they'll sit there and say, oh, yeah, this, no problem here. We're just gonna say that Russia if you want to sell us your oil, we're not going to pay more than 60 bucks. And I mean, what's what's so difficult to understand about that? Well as you guys know well when

0:55.0

central planners meddle with the economy when they distort supply chains bad

1:01.6

things happen.

1:03.7

And the politicians never pay the price.

1:06.6

Absolutely not.

1:07.4

It's always the little guy.

1:08.8

It's always the poor and middle class

1:11.6

who pay the price for the politicians mistakes and then the

1:15.6

politicians come out of this completely unscathed because they say oh it's

1:20.0

not our problem no obviously no one could have ever seen that happen and then they try to

1:26.0

dodge responsibility and then they come in with another solution for more central

1:31.4

planning so the arsonist and the firefighter playing the

1:34.9

exact same role, the politician. And so let's get into some of details as to the

1:40.9

not just the unintended, but some of the knock-on effects that could severely

1:48.0

disrupt not only just global supply chains, but the entire energy market.

...

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