Does Anyone Care Anymore?

July 11, 2023

by James Rickards Daily Reckoning

Is Ukraine still a thing for Americans? Of course, a brutal and tragic war is going on there with momentous geopolitical consequences. But do Americans care?

Attention spans are short, and Americans have already moved on to stories about political scandals, the next election, and the usual celebrity glamour gloss. Outside of the U.S. warmonger elites and a few critics (myself included), Americans don’t seem to care.

That’s a mistake. The war is as hard fought as ever and the geopolitical stakes are even higher than at the start of the war as we keep climbing up the escalation ladder.

Today I’ll look at the military situation, the economic sanctions, the bigger picture of global recession, and the impact of the war on energy prices.