If you think grocery prices are high now, this next fact will really piss you off!!!
Most people understand that oil is the Middle East’s major export.
But did you know that fertilizer is the next biggest export?
In fact, 30% of the world’s fertilizer comes through the Strait of Hormuz – which is now blockaded.
So, like oil, the nutrients needed to grow food around the world ain’t flowing anywhere. So food costs will escalate while the food supply shrinks.
In the words of 1980’s infomercials, “but wait, there’s more”!
If oil isn’t flowing, the Middle Eastern countries that use oil revenues to prop up their economies aren’t getting paid.
So, they will begin to cut back on unnecessary expenditures.
It’s already happening with sports investments and attractions like the LIV golf tournament and Formula 1 races scheduled for that area.
Which means the publicly traded Formula 1 (stock ticker symbol: FWONK) may be in danger.
The big picture: what will the Saudi Sovereign Wealth Fund stop investing in?
What industry will be affected by Saudi Arabia not having as much cash?
Like in chess, you have to see the whole board and think in moves ahead.
-Monk
1. Personal Finance is a game. But if you haven’t realized this yet, then you’re the one getting played.
2. Because, you’re playing this game already but someone else is profiting (off of you).
3. Your Financial Literacy is the pathway to your Financial Freedom.
So, to the youth, young adults, and the mothers who raise them, Financial Literacy: Monk Says… Learn the Game
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