What Joe Biden JUST Did to Putin [Russia v Ukraine]

here's a quick recap of what joe biden

just said in response to russia's

invasion into ukraine first uh we do

have oil uh now brent futures at about

101 the uh s p and nasdaq initially

rising during the beginning of biden's

speech but then uh retreating back our

sponsor today ftx uh and our ability to

track crypto

has uh has enabled us to see that crypto

bitcoin rose about 500 dollars during

the speech and has stabilized has not

come back down uh now let's uh quickly

go through exactly what biden said

so uh biden says that we're not doing

this alone that we're going to do

everything we can to minimize the impact

on the us by implementing these new

sanctions and that we're going to work

together with our allies to amplify the

impact of these sanctions and that our

allies are in full agreement with our

sanctions along with the g7 countries

like germany france and so on on the

united kingdom the goal of the sanctions

announced today are to limit russia's

ability to do business in dollars euros

and yen and to stunt the ability that's

japanese yen and stunt the ability to

grow their military

and impair their ability to compete in

high technologies and even to build

ships he says that we have already seen

substantial damage to the russian

economy in

referring to the russian ruble their

currency falling to the weakest level

ever the russian stock market plunged

today joe biden referenced this is true

the moscow stock exchange plunged over

30 percent at one point uh rivaling the

50 percent decline that we had seen

during hyperinflationary times in

argentina

as the moex fell

upwards of 45 earlier today borrowing

rates skyrocketed about 15 percent in

russia

today and we have seen companies like

ubs value all bonds uh held by russia

or or institutions who invest in russian

bonds uh valuing them all at zero

triggering margin calls for those who

use them as collateral in their margin

accounts

joe biden announced that we will

sanction all russian banks with a total

now of one trillion dollars in american

assets they believe

now keep in mind the russian wealth fund

uh having about 186 billion dollars in

uh in us dollar denominated assets has

already uh swiftly uh removed their uh

their uh united states capital

preemptively to prevent the impact of

these sorts of sanctions we expect that

uh

based on what the russian ministry has

told us that many businesses and banks

have already

prepared for these sorts of sanctions

that right now we believe that every

american asset will be frozen

uh more entities and individuals are

being added to the list of those

sanctions but not including putin and

this was interesting that sanctioning

putin personally is still on the table

but was not

chosen to be done as well as expelling

russia's access to the swift banking

system which could have broad-based

implications for individuals in russia

and their ability to use credit cards

send wire transfers and conduct banking

transactions

this has not

been implemented so a ban or sanctioned

or essentially eliminating russia from

access to the swift system has not been

implemented despite that being widely

speculated joe biden says that the

actions being taken by him and his

administration and allies today are more

impactful than kicking russia out of

swift we do have information that about

7 000 more troops are being ordered and

deployed to europe to defend

nato uh land

earlier today we saw numerous additional

warplanes and uh and

helicopters being deployed to uh eastern

nato regions the ukrainian health

ministry has also come out to uh declare

that 57

troops have been wounded i'm sorry

killed in ukraine and 169 have been

wounded so far

along with dozens of civilians despite

russia not specifically targeting

civilians

joe biden says that our forces will not

be engaged in ukraine but we will defend

our allies and we will meet our article

5 commitments so he is now

re reiterating how certain the united

states is to do whatever they can to

make sure they defend nato countries and

joe biden says that this is necessary to

not embolden

putin to potentially try to go into nato

countries

whether those are

north above belarus or

further

west towards say poland

the goal here for biden again to limit

the costs on americans and doing

everything he can to reduce the cost of

oil and gas

uh in addition to requesting that

companies not raise their gas and oil

prices or energy cost prices

and will also work to release further

barrels of oil from the strategic oil

reserve in the united states

he does say because there were

speculations that the united states

could attack russia with cyber warfare

to help ukraine

it appears that

right now we expect the united states to

only conduct cyber warfare against

russia in the event that russia targets

the united states

so

joe biden gave us no uh suggestion that

uh that cyber warfare would be used

against russia right now that right now

they will impose sanctions that exceed

that of kicking russia out of swift

during questions uh he was asked if uh

if putin

might consider a nuclear strike this

follows comments by putin earlier

suggesting that if anyone attacks russia

or to try or tries to interfere with

russia that russia could end up using

nuclear weapons

joe biden said i have no idea what putin

is threatening he did say that sanctions

take time to impact russia and probably

the biggest head scratcher was that joe

biden said it will take about a month or

we'll check back in a month to see if

the sanctions can work this is because

individuals were or reporters were

asking

what if these sanctions don't work to

stop russia

and he says he believes that they will

that these are profound sanctions they

exceed anything that has been done

before that

relations between russia and the u.s

right now are quote ruptured

and he says quote let's talk in a month

to see if they're working

a lot of folks questioning why would joe

biden wait a month i know sanctions can

take a while especially economic

sanctions to actually have an impact but

this this comes also in coordination

with more sanctions from canada and the

united kingdom the united kingdom for

example

eliminating all russian aeroflot flights

from being able to fly into the united

kingdom

the international monetary fund

suggesting that there is significant

economic risk to the globe from the

ukraine conflict the federal reserve

responding and suggesting that increased

oil prices could actually dampen demand

in the united states which interestingly

oil prices lead to higher inflation

but but if oil prices dampen demand for

other things maybe we would see less

inflation outside of energy so when we

strip energy out maybe we'll finally see

prices settle down

and so this is where uh mester and daley

indicate there's a continued need to

tighten gradually that they have not

decided yet how ukraine is likely to

affect the economy or their plans to

hike markets are pricing in a 25 basis

point height with about an 85 percent

probability of certainty as of march

16th when the federal reserve meets next

that we're not seeing a lot of pricing

in of the

50 basis point hike

russians have control of chernobyl

during biden's speech there was also

note that we expect

a kiev to fall within the next few hours

and so it's possible by the time you're

watching this kiev may have already

fallen to russia uh the ukrainian air

defense

has been mostly eliminated uh paving the

way for

russia to potentially move forward

bitcoin now at 36.4

tesla almost up about one percent on the

day

the nasdaq up about one percent on the

day and s p is sitting at 420 which was

our low

of this is our zero percent fibonacci

retracement line back to

uh

january 24th s p 500 down about point

four

percent right now

and that's an update on what joe biden

just told us regarding sanctioning

russia