John Rubino, Founder and Editor of The Dollar Collapse website, joins us to discuss the recent pullback in the commodities on more market optimism on a resolution to war between Ukraine and Russia, but how the evolving supply chains may be changing longer term for raw materials, energy, and food.
We discuss how global trade for many commodities is very unsettled at present, and these conditions are likely to persist even if there is a reduction in the Ukraine situation, long after the fact, as new alliances are forges and old supply chains are disrupted. We also look at how record high inflation is unlikely to come down far enough to where the Fed’s monetary policies and rate hikes have much of an effect on normalizing interest rates and taming inflation. All of these factors may be adding up to the realization of many nations of the important role mining plays in extracting raw materials and may put the mining industry in cue for more government and individual support to establish new sources of domestic supply.