The Peter Schiff Show.

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What a difference a weekend makes.

You know, at the end of last week, there was a lot of optimism in the markets that the

Russian sanctions wouldn't be too bad.

A lot of that was based on some of the remarks that Biden gave at his press conference.

And so I think investors were breathing collective size of relief as they were continuing

to buy value stocks, dividend paying stocks, the trends that were in place prior to Russia

invading the Ukraine, remained in place.

And the markets seemed prepared to just shrug it off, but all of that changed over the weekend

as the noose around Russia's neck was tightened with the imposition of far more dramatic

sanctions across the board on the Russian economy, on Russian businesses, on the Russian central

bank, Russia's central bank as well as many of the largest banks in Russia have been

cut off completely from the Swiss system.

They can't transact.

Trade with Russia is pretty much being prohibited as the world is trying to cut it off completely

from commerce.

And this is having broad ranging implications throughout the global economy, but specifically

in the stock market.

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