Grain Exports From Ukraine Have Collapsed As a Result of Attacks in the Black Sea, Which Have Slowed Down Global Shipments…

Featured Story

Many of the world’s poorest countries rely on Ukrainian wheat because they lack the funds to purchase American wheat. Ethiopia, Somalia, South and North Sudan, and to a lesser extent, Egypt and India. Perhaps the last two can afford the US costs. Kenya is less so. Europe can afford the cost of paper. Western Russia and Ukraine together produce over one-third of the world’s wheat production. Bread, pasta, chapatis, and cakes. And sunflower oil accounts for two-thirds of the world’s supply, despite the fact that it is technically a seed rather than a grain.

By the conclusion of harvest, they will have approximately 40mt of grain on hand. Not counting anything the Russians have damaged or stolen. Meanwhile, the Middle East and Africa go famished. Furthermore, floods have resulted in a significant shortfall in China (so they require 9.5mt instead of the usual 6mt), a heatwave has reduced yields in India, and to make matters worse, the Indian government has barred exports of the typical 7mt.

Unfortunately, cake is not an option; Marie-Antoinette may have appreciated it. Well, Putin did offer to do the same thing if the US lifted some of its sanctions. Here’s how compromise works. Peace demands some form of compromise. The problem is the dunderhead sitting in the White House right now, as well as his all-weather pet in London who does everything the master says.

Anyway, Russia proposed a settlement, which the US rejected. This is a facepalm moment. Right here! This is exactly what a bargain is. You offer me something, and I reciprocate. Ease sanctions, and the world will not go hungry. How difficult is it to understand? if the United States had adopted it, we would have seen immediate relief from the food situation, and inflation (they call it Bidenflation, which I love) would have decreased from fuel to food.

This would have marked the beginning of a peace treaty, the end of war. See how Russia controls Ukraine’s major ports?

 

 

 

Don't Miss

The Beginning of the End: Great Recession 2.0 is Obscured but Here!

By StevieRay Hansen

The Great Recession never ended. I say that because the deep economic flaws that caused it was never corrected. All recovery efforts since merely clouded…

Danske Bank Executive At Center Of Massive Money-Laundering Scandal Found Dead, So They Say?

By StevieRay Hansen

Greed refuses to be satisfied. More often than not, the more we get, the more we want. Material possessions will not protect us—in this life…

Financial Storm Clouds Gather

By StevieRay Hansen

Greed and a desire for riches are traps that bring ruin and destruction. “The love of money is a root of all kinds of evil,”…

Denninger: Economic & Civil Calamity Possible

By StevieRay Hansen

The Bible makes an even stronger statement about the love of money. What we have discussed thus far simply describes the horizontal level of the…

‘Rogue’ Oil Trader Lost $320 Million On Wrong-Way Derivatives Bets

By StevieRay Hansen

 “Don’t let anyone deceive you in any way, for that day will not come until the rebellion occurs and the man of lawlessness is revealed,…

Posted in

Stevie Ray

Leave a Reply

Your email address will not be published. Required fields are marked *