Comments by "RiteMo LawBks" (@ritemolawbks8012) on "CNBC" channel.

There are pros and cons to all forms of energy. If Germany and most of the EU had those same electric vehicles, Moscow wouldn't be able to be held hostage and use energy blackmail with their fossil fuels. The US is energy independent and has the power to disregard any international standards to defend its national interests. The US is also one of the few places where the fossil-fuel industry influences public policy to the point where individual citizens voluntarily parrot talking points against electric vehicles or anything considered "green." Mandating all-electric vehicles was just a scare tactic. The government and politicians never proposed making all American vehicles electric only. The goal was to only decrease demand for oil, and then slowly transition using hybrid solutions because fossil fuels will eventually run out anyway. The US will eventually be forced to quickly transition while struggling to catch up and main competitive with the countries that have already made the transition to electric and hybrids.
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There are more than enough palladium and precious metals stockpiles already in the US. There won't be a shortage for vehicle manufacturing or the metals needed to make semiconductors in the US.
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He had a fresh shave that day.
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You need to use actual economics to predict a recession rather than this voodoo talk that makes no sense.
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Who do you think is crazy enough to play Russian roulette with the US economy like that? Nearly every other country in the world prints money, so why should crash our whole economy because you don't the Fed works?
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They need them for semiconductor manufacturing, but there are already sufficient supplies and an existing bottleneck in the supply chain. The US government and Silicon Valley already expected a retaliatory response from Russia before Russia even invaded.
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@kuga7423 I'm aware of that. There's a shortage of supply, which only leads to an increase in price. There's not a total ban or embargo on the US. Palladium is used in catalytic converters, but that's why there is a market for stolen catalytic converters. They get recycled after use in vehicles.
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@kuga7423 If you Google top miners of palladium by the production of metric tons, you'll find; 1. South Africa [ 80 ] 2. Russia [ 74 ] 3. Canada [ 17 ] 4. United States [ 14 ] 5. Zimbabwe [ 13 ] The US is a resource-rich nation as well, so it wouldn't risk losing precious metals that are vital to the economy. Russia is the only mining nation likely to restrict its supply and prohibit shipments to North America and the European Union, but there is a much larger supply in Africa. The sanctions and economic warfare against Russia were already planned and mitigation measures were mostly already in place before the sanctions.
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@kuga7423 No. I don't think you understand how international economics hedging work. You're too busy trying to make an argument defending the Russian position and bringing in East vs. West politics that you are ignoring reality and the fact that diversification of supply prevents a single nation from having a monopoly. I mistook your question for being serious about economics, but now you're moving into the realm of trolling, so I've got to end the discussion and let you finish with someone who would be interested in playing games and posting cringe emojis without economics.
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