What War in Ukraine means for Energy & Money | Frankly #1
The Great Simplification with Nate Hagens
Nate Hagens
4.8 • 555 Ratings
🗓️ 12 March 2022
⏱️ 19 minutes
🧾️ Download transcript
Summary
In addition to regular Wednesday longform podcasts, this video is #1 of new series of short takes, "Frankly" which are framings and context on current world events. Today, I riff on longer term implications of Ukraine/Russia especially with energy and global systems.
For Transcript visit: https://www.thegreatsimplification.com/frankly-original/frankly-1-what-war-in-the-ukraine-means-for-energy-and-money
To Watch on Youtube: https://www.youtube.com/watch?v=0gLIP9odpVs
Transcript
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| 0:00.0 | In addition to weekly podcasts on Wednesdays, we're going to occasionally create short, blunt updates on world events as they relate to the Great Simplification. |
| 0:12.5 | Since I plan on speaking, frankly, from the heart on these riffs, and also because my dog, Frank, will either be on my lap or under my chair, |
| 0:21.9 | we're going to call these episodes frankly on the tab on the website. And here's the first |
| 0:27.4 | one talking about what's going on in Russia and Ukraine. Okay. Ukraine situation, I believe |
| 0:35.2 | this has even in the best of cases, shortened the runway leading |
| 0:40.7 | to the great simplification. |
| 0:43.3 | Our society, for those who have followed my work, has four pillars of subsidies that support |
| 0:53.1 | our modern living standards and expectations that are kind of hidden |
| 0:59.0 | or at least not talked about. |
| 1:01.0 | One is energy. |
| 1:03.0 | We are subsidized by energy like a fish in water and we don't even see its ubiquitousness. |
| 1:11.3 | We are energy blind. |
| 1:13.4 | Number two is credit, freely available, low cost credit for pretty much anyone who's of credit |
| 1:21.7 | worthiness, nations, municipalities, etc. |
| 1:27.3 | Number three is complexity. |
| 1:28.7 | We have a six-continent supply chain that has Byzantine complexity of little spark plugs |
| 1:35.7 | and tiny components that we ship around the world that we take for granted. |
| 1:41.3 | We'll always continue. |
| 1:42.3 | And then the fourth pillar is trust and peace generally. |
| 1:48.3 | And it's my opinion that in the best outcome of what's happening in Ukraine right now, |
| 1:54.9 | those four things will become more recognized by the general public. |
| 2:01.3 | And in the worst case, those things will shrivel and get smaller, which has large implications. |
... |
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