You Ain't Nobody

The man who manages $11 trillion just said two words that should terrify every person on the planet. "Global recession." Larry Fink, CEO of BlackRock, the largest asset manager in human history sat down with the BBC and laid out the scenarios. Fink told the BBC there are only two possible outcomes for the global economy right now. His exact words: "There's not going to be an outcome that's somewhere in the middle." Outcome one is that Iran gets reintegrated into the global community, sanctions ease and Iranian oil and Venezuelan oil flood back into markets. Then the oil drops below $40 a barrel, the world gets relief. Outcome two is that Iran remains a threat, the Strait of Hormuz stays disrupted and the standoff stretches on for years. Oil stays above $100 and pushes toward $150. The result? A "stark and steep global recession." Why does $150 oil collapse the world economy? Because oil is embedded in everything. Food production, shipping, manufacturing, heating., fertilizer, chemicals and plastics. When oil spikes, prices spike across every single category of human life. Central banks raise rates to fight inflation, businesses freeze investment and consumers stop spending. Also, jobs disappear, GDP craters and the cycle feeds itself. There is no bailout for this and no rate cut fixes an energy shock. Fink also made a point that high oil prices are a "very regressive tax." The wealthy absorb higher energy costs while the poor cannot. This hits grocery bills, rent, and transportation everything the bottom half of the global population depends on to survive. The market is still pricing in hope, a resolution, a deal, a ceasefire. Fink is pricing in reality, two extremes, and the clock is running. Pay attention to this one.

“Race is a social construct”

Ryan Garcia says Shakur Stevenson is scared to fight him at 147 🗣️ “He already admitted it…I’ve beaten a slick fighter already, Devin Haney, which is longer, stronger and faster than Shakur” 🎥 Creator Think Podcast

🚨 RYAN SAYS HE'S FIGHTING TEO 👀 Ryan Garcia: "[With Turki Alalshikh], now you have no excuse but to fight people but [Tank] still won't fight people, which nobody really calls him out on. Other than myself who has he fought? I'm out here fighting Devin Haney, Tank Davis, now I'm about to fight Teofimo [Lopez]." (📽️ CreatorsThinkPod on YouTube)