Daily Broadside | So Glad We’re Back to a Stable World

Daily Verse | Exodus 12:40-41
Now the length of time the Israelite people lived in Egypt was 430 years. At the end of the 430 years, to the very day, all the Lord’s divisions left Egypt.

Monday’s Reading: Exodus 15-18

Monday and we’re now into the first full week of Brandon’s second year as Resident as Russia! Russia! Russia! threatens to invade Ukraine at the invitation delivered last week by the dunce in the White House; “minor incursion” and all that. Do you know that Trump was the only president in the last 30 years to not start or escalate existing foreign conflicts or war? Barring some kind of intervention, that’s all about to change as our military service members in their high-heels, pregnancy flight suits and vaccines prepare to defend Ukraine against Russian aggression and mockery of our woke civilian military.

The US and its allies will deliver a “swift, severe and united response” if Russia invades Ukraine, the secretary of state, Antony Blinken, warned on Sunday amid rising tensions.

Maybe. I don’t trust anything that Blinken says nor the administration’s competence to deliver or sustain a smack-down on the Russians. Perhaps their attitude is the same as Megamind’s:

The only reason Russia is even making the move on Ukraine is that Brandon is an empty suit who reads whatever is put on his teleprompter. He’s certainly not a geopolitical genius, as his catastrophic withdrawal from Afghanistan showed us. Effects of the invasion could be harsh for the U.S.

Treasurys are a traditional haven during periods of geopolitical and economic stress. A rally in Treasurys would pull down yields, which move in the opposite direction of prices. A Treasury selloff has pushed up yields, with the 10-year Treasury rate TMUBMUSD10Y, 1.778% finishing near 1.77% Friday after hitting a nearly two-year high earlier in the week.

The Swiss franc, another popular haven, could also rally, with the euro/Swiss franc EURCHF, 0.12% currency pair likely to fall to CHF1.03 “on a frozen rope if Russia moves,” Donnelly said. The euro bought 1.043 francs Friday.

Also:

If Russia invades Ukraine, inflation-weary Americans will likely pay even higher prices at the pump.Oil prices have already shot up to seven-year highs in recent days. A conflict between Russia and Ukraine, which the White House has warned could be imminent, would have the potential to drive them much higher.That’s because Russia is the No. 2 oil producer on the planet, behind only the United States. And Ukraine is a key energy transit hub, where a large amount of Russian natural gas exports to Europe flow through.

An invasion of Ukraine would trigger immediate fears of sanctions from Washington on Russia’s vast energy resources, damage to the region’s energy infrastructure and raise the specter of Vladimir Putin weaponizing exports of natural gas and crude oil.

Investors would buy first and ask questions later.

What does Russia want?

The Kremlin wants what it says: an end to NATO expansion, a rollback of previous expansion, a removal of American nuclear weapons from Europe, and a Russian sphere of influence. However, Putin may accept less. The Kremlin’s primary goal is a guarantee that Belarus, Ukraine, and Georgia will never belong to a military or economic bloc other than the ones Moscow controls and that Russia will be the ultimate arbitrator of the foreign and security policy of all three states. In essence, this conflict is about whether 30 years after the demise of the Soviet Union, its former ethnic republics can live as independent, sovereign states or if they still must acknowledge Moscow as their de facto sovereign.

The G7 is threatening harsh economic sanctions that would severely hurt Russia, so it’s possible that an invasion can be avoided. But maybe not:

The United States has ordered the families of all American staff at the US Embassy in Ukraine to leave the country amid heightened concern that Russia, which has massed troops on the border, is about to invade.

In a statement on Sunday, the State Department also said that non-essential embassy staff could leave Ukraine at government expense and that all Americans should consider departing immediately.

[…]

The US Embassy in Kyiv warned that “military action by Russia could come at any time and the United States government will not be in a position to evacuate American citizens in such a contingency, so US citizens currently present in Ukraine should plan accordingly.”

Take them at their word, embassy staff.

A Russian invasion could lead to a much bigger conflict and pull focus away from Brandon’s problems at home and perhaps trigger aggression by China and Iran, two other foes who have, respectively, designs on Taiwan and avenging the loss of top commander Qasem Soleimani who died by a US drone strike two years ago. If either of them act while we’re dealing with Russia, all bets are off.

But at least the tweets are nice, right NeverTrump?