Saturday, February 26, 2022

10 things (aside from gas) that will get more expensive during the Russian-Ukrainian war via Kim Komando

 via KimK

While the invasion of Ukraine will affect the EU the most, Americans can also expect significant consequences to make their way very soon. For example, Russia is the number one exporter of wheat globally, and Ukraine is fifth.

Food?  Check.

 The chips placed inside computers have long faced a massive shortage that has caused a supply shortage of electronics. Everything from televisions to tablets has been impacted.

A major component of chips is a compound called Palladium, and you guessed it, Russia supplies a little less than half of the entire world’s supply. This means that the ability to manufacture more chips is greatly reduced the longer the conflict occurs and the more sanctions the U.S. places on Russia.

We're sanctioning chips?  Russia produces shit that makes chips! Electronics shortage?  Check.

 In addition to a shortage of wheat, Russia supplies a large portion of the chemicals that create fertilizer, meaning crop production worldwide will be affected.

Then, of course, there’s the effect on natural resources, with Russia supplying a large portion of petroleum to the U.S. Some experts expect a rise in cost between 50 and 150% in the coming months. This means driving might quickly become one of your most significant monthly bills.

Wow.  We went from oil exporter to back to importing the stuff? Bad times coming.

Go here to read the article in full but KimK is saying make certain purchases now (kinda curious...she's part of the media machine and I wonder if that advice is to prime the pump for more spending by consumers)

No comments :

Post a Comment

Note: Only a member of this blog may post a comment.