Residents of Ukraine are already running out of food and medicine. The economic consequences of this are also affecting the rest of the world.
According to Goldman Sachs, the probability of a US recession in 2023 has increased to 35%. Global growth indicators, on the other hand, are being slashed as the conflict continues to drag everything down.
According to economists, war in Europe is no longer a hypothetical possibility, but rather a certainty. And the situation is going to get really ugly and cause a lot of pain.
The idea is to bring about a global financial reset, which is exactly what we’re seeing today as Russia bears responsibility for everything that’s going wrong.
Inflation has been a problem for years, long before Putin visited Ukraine, thanks to Wall Street and central banking corruption. However, they required a scapegoat, and thus we are.
To bring in their financial reset and new world order, they’re starving the planet.
In France, the government of Emmanuel Macron is considering establishing a food voucher system to help inhabitants afford to eat. Macron’s Wuhan Coronavirus (Covid-19) “vaccine passport” technology is likely to be linked to this system.
Diesel may also need to be rationed in the near future if countries cut off imports of Russian goods due to sanctions and anti-Russia sentiment. Because diesel is used to power the entire planet, this will have a catastrophic impact on an already strained supply system.
Meanwhile, millions of refugees are fleeing Ukraine, and the Biden administration is eager to take them all in, despite the fact that Americans are struggling to put food on the table due to rising inflation and supply shortages.
Much of Ukraine requires humanitarian assistance just to keep enough food going into people’s homes. In certain parts of the country, there is only enough food for four days.
“The domino effect of Russia’s invasion of Ukraine has sent food prices higher,” reported CNN.
“As gas prices surge, fertilizer supply is shrinking. That has sent wheat, corn, vegetable oils and soybean prices through the roof – particularly troubling for countries already struggling with food insecurity.”
Macron recently declared that there is a “global food crisis” affecting everyone, not just the French.
“I want to put in place a food voucher [system] to help the most modest households and the middle class facing these additional costs,” Macron told France Bleu radio the other day.
Russian and Ukrainian wheat supply have been cut off from the rest of the world, forcing global wheat prices to rise. These two countries are known as a “breadbasket” for essential food commodities.
“The (two) countries export 30 percent of the world’s wheat jointly,” according to sources. “As energy prices rise, so does fertilizer supplies.”
“The tremors have spread to the world’s largest economy.” Food prices in the United States increased by 1% in February, the highest monthly increase since April 2020. Overall, food costs in the United States have risen 7.9% in the last year, the highest increase since July 1981.”
In the case of diesel, if Europe imposes a full embargo, the entire world might face a severe oil supply deficit – unless OPEC states begin rapidly ramping up production. OPEC has been reticent to do anything to improve the situation so far.
