Have You Noticed Prices Are Slowly Rising

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The list of companies pulling out of Russia is getting longer and longer as sanctions start to bite. Many of them don't affect your normal every day life but one or two will more than others.

When I grew up I was firstly in Rhodesia and then South Africa and both countries had sanctions in place. Rhodesia was known as the bread basket of Africa so it was the stupid things that you couldn't get hold of. Renault was basically the only car on the streets as they were the only car that had plenty of spare parts available.

In South Africa I was a little older and you noticed certain companies missing due to sanctions. A company like McDonalds has only been in South Africa since 1995 and Burger King much later in 2013. These were never really missed as there were better equivalents locally that were also franchises.

There is a risk by any business pulling out due to sanctions and also a risk if you stay. The people in Russia are not to blame for what the government has done with Ukraine yet they are being penalised in a round about way. This could have a back lash if and when these companies decide to return.

Job losses that these companies created will seriously effect the Russian economy more than anything else and could actually make Russia stronger by forcing them to fill these voids.

What has me more shocked than anything else is the various Governments throwing sanctions around yet are still trading with the Russians for natural resources. Kind of pathetic when you think about the bigger picture as what is going to hurt them the most? No Netflix/Apple or no oil and gas as this is what is really going on. The real money is in the Russian exports of oil and gas and why the West is spinning more than Russia.

Biden has asked the Saudis to release more oil and they are not that keen due to how Biden has treated them of late. The oil prices going up is benefitting them so why should they be the ones to boost supply reducing the prices. This is good news for oil producing countries whatever happens as the demand is there. You don't disrespect a nation and come back crawling a few months later when the world has changed.

Unfortunately the only guarantee we all have now is that prices are going to go up meaning if you are on a monthly salary you are now worth less than before. Being involved in crypto is looking more and more appealing the longer things go on like this. One can understand why people in the past bought gold and silver and apparently Russians have been doing just that again.

When sanctions hit there are no winners as everyone loses out from the consumer to the companies involved. Everyone is punished for what has taken place whether they like it or not. Inflation was bad enough before and that was self inflicted with lockdowns and now we have a genuine issue which will cripple many households wherever you live in the world.

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