If grownup people gather in a room and seriously discuss a nuclear war eliminating the humanity, keep the wallet close to yourself. They are lying. They will never start a nuclear extermination of humanity. They are targeting to steal your future retirement money and your wallet, if they could, to pay for military equipment.
Today the talk of these people is most loud and deranged, they think it’s time for them to rule us all:
“If you want to know where the world is headed, forget about Davos. Watch Munich instead.
For decades after the end of the Cold War, the World Economic Forum served as the pre-eminent annual gathering of global business and political elites. Its premise was simple: Markets could be optimized through globalization and cooperation. Davos attendees didn't see hard geopolitics and national-security issues as the primary constraints on global economic growth.
That premise no longer holds. Today, markets are shaped by war, sanctions, industrial policy and geopolitical tension. These forces are discussed far more candidly in security forums. Chief among them is the Munich Security Conference.
Events in Ukraine demonstrated this shift. Europe lost access to cheap Russian gas, defense spending surged, and inflation rose. Energy-intensive sectors such as chemicals, fertilizers and aluminum cut production or relocated outside Europe. These outcomes were driven by state decisions about force, sanctions and alliance commitments.
The U.S. and China are in a similar situation. Export controls, investment restrictions and technology bans have transformed semiconductor production, artificial intelligence and advanced manufacturing into instruments of national power. Taiwan is no longer a distant geopolitical risk. It is a central variable in long-term investment decisions.
Yet much of the global business conversation remains anchored in an outdated framework. Davos still speaks the language of consensus, stakeholder capitalism and coordination. It excels at producing reassuring narratives. What it does less well is grapple honestly with countries' use of coercion, deterrence and escalation -- the forces that now determine many economic outcomes.
Munich is better suited to the current geopolitical environment. It isn't a business forum. It convenes heads of state, defense ministers, intelligence chiefs and senior military leaders who decide when to impose sanctions, use force, and tolerate escalation. The discussions are unsentimental because the consequences are real. Failure in this domain produces actual conflict. Prior to the Ukraine events, Munich panels repeatedly debated Europe's energy dependence on Russia and the credibility of North Atlantic Treaty Organization deterrence -- issues rarely given priority elsewhere.
What is discussed seriously in Munich often becomes policy within a few years. Sustained debates over NATO burden sharing and deterrence preceded actual NATO-member defense-budget expansion. The shift led to a structural re-rating of European defense stocks. Mispricing occurs when investors treat geopolitical risk as temporary, only to revalue the securities sharply once sanctions, export controls or defense commitments harden into long-term policy. Paying attention to Munich helps prevent geopolitical events from catching investors off guard.
Technology illustrates the point clearly. For decades, investors assumed economic integration would promote free trade. Instead, advanced technologies are now treated as strategic assets subject to national-security controls. Semiconductor fabrication is subject to export-control regimes and political-alignment requirements. Investment decisions must satisfy both commercial viability and national-security constraints.
None of this makes Davos irrelevant. It remains a useful venue for coordination and signaling elite consensus on a variety of issues. But these are no longer the most valuable signals for businesses in a world defined by conflict.
For executives and investors, foreign affairs are no longer background noise; they should be a major factor in decision-making. Capital allocation must reflect power realities, not just efficiency metrics in a geopolitical vacuum. Davos may still offer comfort, but Munich offers foresight. Markets increasingly reward those who understand the difference.
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Mr. Vicenzino is CEO of the Global Strategy Project.” [1]
Western Europe deindustrialized and lost place in world markets, lost ability to participate in AI revolution because of Ukraine. Higher prices thanks to Ukraine made a change in life of America too. Biden lost power because of that. Trump is headed to lose Congress because of that. Nice talk you, guys, have there in Munich. Talk is cheap though.
The events in Ukraine has introduced significant economic and geopolitical strains, with various analyses highlighting profound impacts on both Western Europe and the United States.
Impact on Western Europe
Deindustrialization & Energy Costs: The loss of Russian natural gas led to a surge in energy prices, disproportionately affecting energy-intensive industries in Europe, particularly in Germany. High electricity costs, which reached twice the level of the U.S. in some instances, have driven industrial decline, with some manufacturing sectors potentially not returning.
Competitiveness & Technology: Europe faces a lag in AI, semiconductors, and digital technologies compared to the U.S. and China, exacerbated by high regulatory burdens and energy costs.
Economic Strain: The events and associated sanctions have disrupted trade and contributed to high inflation, with some forecasts suggesting a long-term reduction in European economic competitiveness.
Impact on the United States and Political Shifts
Economic Changes: While the US has experienced less direct impact, the events contributed to inflation and high energy/food prices. The conflict also caused shortages in critical materials like neon and palladium, affecting the US semiconductor industry.
Political Landscape (as of early 2026):
Biden Administration: The geopolitical, economic, and inflationary pressures associated with foreign policy, including the events in Ukraine, contributed to a decline in power for the Biden administration, leading to the transition to a new administration.
Trump Administration: Donald Trump assumed the presidency in January 2025 and is facing midterm Congress elections, complicated by voters’ complaints about high prices.
1. Munich Is the Davos of Tomorrow. Vicenzino, Marco. Wall Street Journal, Eastern edition; New York, N.Y.. 13 Feb 2026: A13.
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