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

2/12/24: The U.S. Treasury’s Financial Crisis Warning Bell Didn’t Ring Before the Repo Crisis of 2019 or This Year’s Bank Runs

By StevieRay Hansen

BanksterCrime: Read moreWells Fargo is the smallest of the four giants that now dominate the U.S. commercial banking business By Pam Martens and Russ Martens: Read…

2/9/24: The Bank Crash Is Near, NYCB Downgraded to Junk; Shocking Charts for Citigroup, Barclays and Deutsche Bank

By StevieRay Hansen

By SRH, Soon after the three bank failures, Joe Biden said “Americans can have confidence that the banking system is safe” and “your deposits will…

2/7/24, SRH: Reporters Who Ask Tough Questions at Fed Press Conferences Often Disappear. Don’t Mess With the Feds or You’ll Vanish!

By StevieRay Hansen

BY SRH: He Federal Reserve Recently Disclosed Its Preliminary Income and Expenses for 2023, Revealing an Unprecedented $114.3 Billion in Operational Losses. The Federal Reserve…

2/6/24: Jamie Dimon Has Spent $117 Billion Propping Up JPMorgan’s Share Price with Buybacks in 10 Years; He’s Counting on Trump’s MAGA Crowd to Rescue Him

By StevieRay Hansen

By Pam Martens and Russ Martens: February 5, 2024 ~ Read more1/19/24 The DOJ’s Incestuous Relationship with Jamie Dimon Is Captured in a Graphic from an Historic…

2/2/24: Regional Bank Stocks Are Crashing Again…

By StevieRay Hansen

by Tyler Durden Yesterday it was NYCB that grabbed the headlines and spoiled Powell’s day. Read moreSecond ex Barclays banker convicted in London Euribor re-trialAs…

Posted in

Stevie Ray

Leave a Reply

Your email address will not be published.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