Russia/Ukraine Crisis To Cause Commodity Doom Loop | Jacob Shapiro
*AUDIO DISCLAIMER: Mic issue during the recording led to some high levels on Jack's end. We're aware, and we're sorry! Might want to tap the volume down a couple notches for this one.\n\nJacob Shapiro, Director of Geopolitical Analysis at Cognitive Investments, joins Forward Guidance to break down the rapidly escalating hostility between Russia and Ukraine. Shapiro puts in context including Russia\u2019s recognition of Luhansk and Donestk as independent sovereign republics and the punitive sanctions on Russia.\xa0\n\nShapiro tells Jack Farley that, if Russian tanks roll down the tanks of Kiev, the West might cut Russia off from the payment rails for global commerce, SWIFT (Society for Worldwide Interbank Financial Telecommunication). If Russia were unable to sell its natural gas, wheat, and other commodities in Western markets, Shapiro continues, there could be a commodity \u201cdoom loop\u201d that would cause prices to skyrocket.\xa0\n\nShapiro also shares his outlook on China, India, Brazil, Turkey, and Iran. Shapiro also serves as chief strategist at Perch Perspectives and the Geopolitics editor at Lykeion. This interview was recorded on Tuesday, February 22, at 10 am Eastern Time.\n\nFollow Jacob Shapiro @JacobShap\nFollow Jack Farley @JackFarley96\nFollow Blockworks @Blockworks_\nFollow Perch Perspectives @PerchSpectives\nFollow Lykeion @thelykeion\n___\n\nIf you like this episode be sure to subscribe to our newsletter at https://blockworks.co/newsletter