Cody Underground Episode 27: The most important thing about the Ukraine crisis

The fog of war is thick now, which makes the markets less certain, which over time can contract multiples and bring down valuations. I’ve talked before about how we are in a currency war and how the “fog of war” is building, making this and other geopolitical conflicts potential Black Swan events. And you can bet that there will be continued escalation and U.S. involvement in Ukraine. Did you forget this all-important factoid about Ukraine/U.S. ties and the conflicts of interest therein? Biden’s Son Joins Board of Gas Company Linked to Ousted Ukrainian President — The facts: Ukraine Energy Co. has lots of “legal rights” to lots of energy fields in Ukraine. If Russia takes over Ukraine, those “legal rights” will be gone forever. Best way to save your company? Weeks after Joe Biden visits, you appoint his son to your Ukraine Oil Co., and now the U.S. will say its got U.S. interests in Ukraine. Much more “aid” from U.S. taxpayers to support the Biden kid’s company and the regime now in power in Ukraine and perhaps a full blown war in Ukraine is the most likely outcome with this development. It’s crucial to be aware of as many interests at play as possible. At any rate, I’m not making any major changes to my portfolio as a result of this analysis. But Ukraine/Russia/U.S. tensions remain a volatile piece of our puzzle as well as being something to pray about.