The Ukraine War has negatively impacted almost every area of life, but perhaps there’s a silver lining beneath all the global disruptions and adverse effects…It may sound like a stretch, but this war may have helped to prevent a financial crisis in the US.
One of the leading causes of a banking crisis is loan defaults, but with personal incomes on the rise and unemployment rates falling, banks aren’t facing their typical roster of issues. However, anytime a bank is overexposed to risk, a crisis isn’t often far behind.
As the Ukraine War started, financial institutions of all sizes knew they had to limit their exposure to Russia. This indirectly resulted in many of these firms reducing exposure to Chinese financial institutions.
As Russia and China continue to cut themselves off from the rest of the world, it appears that many of the US banks may have dodged a bullet. There’s always the risk of a break, but the US financial sector looks pretty good, with low international exposure, a low unemployment rate, and high growth.
Here at Zeihan On Geopolitics we select a single charity to sponsor. We have two criteria:
First, we look across the world and use our skill sets to identify where the needs are most acute. Second, we look for an institution with preexisting networks for both materials gathering and aid distribution. That way we know every cent of our donation is not simply going directly to where help is needed most, but our donations serve as a force multiplier for a system already in existence. Then we give what we can.
Today, our chosen charity is a group called Medshare, which provides emergency medical services to communities in need, with a very heavy emphasis on locations facing acute crises. Medshare operates right in the thick of it. Until future notice, every cent we earn from every book we sell in every format through every retailer is going to Medshare’s Ukraine fund.
And then there’s you.
Our newsletters and videologues are not only free, they will always be free. We also will never share your contact information with anyone. All we ask is that if you find one of our releases in any way useful, that you make a donation to Medshare. Over one third of Ukraine’s pre-war population has either been forced from their homes, kidnapped and shipped to Russia, or is trying to survive in occupied lands. This is our way to help who we can. Please, join us.