Posted on 03/04/2022 8:52:21 AM PST by blam
This morning we listed some of the countries that are dangerously (and almost exclusively) reliant on Russia and Ukraine for their wheat imports, highlighting Turkey, Egypt, Tunisia and others…
… which are facing an “Arab Spring” style food crisis (and potential uprising) in the coming weeks unless the Ukraine conflict is resolved.
And unfortunately, we can now confidently predict that the coming food crisis will strike every country that is using food fertilizer – which is all – because moments ago, Russian Interfax reported that as part of Moscow’s countersanctions, Russia has recommended fertilizer makers to halt exports, a move which will sent not only fertilizer prices orbitally higher, but all food prices will soon follow.
•*RUSSIA RECOMMENDS FERTILIZER MAKERS TO HALT EXPORTS: IFX
•*RUSSIAN MINISTRY CITES LOGISTICS ISSUES ON FERTILIZERS: IFX
Worse still, natural gas is required in the manufacturing process for most nitrogen/fertilizer products and so the recent surge in European NatGas prices to record highs will only exacerbate the cost of fertilizer from any halt from Russia…
And with wheat prices already at all time highs…
… all hell is about to break loose not only among food producers, but soon, in your local grocery store once US consumers realize that food prices are about to double, triple and x-ple more.
Yes he and Klaus are nodding in agreement here.
Peasants and useless eaters will suffer and probably start dying.
The 4F War on the free flow of fuel, fertilizer, food, and financial transactions that involve Russia is incredibly stupid and needs to stop in every single respect right away.
It doesn’t “punish Putin”.
It punishes everyone else in the world by driving up prices for everything.
Turkey just might reopen the Bosporus to the Russian military in exchange for wheat and fertilizer.
It seems somewhat ironic that the Russian invasion of Ukraine is going to lead to starvation around the world. Stalin created the “Terror-Famine” in 1932-1933 in Soviet Ukraine that killed millions of Ukrainians. Once again, the Ukrainians are going to suffer starvation and privation.
Ping
“Whoa. In another week, Biden & his flacks will have most of America blaming Russia for inflation. That’s the game plan.”
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It certainly is one of the things in their “play book”. Fertilizer prices/shortages had been soaring for many months due to the increasing price of natural gas (used in the production of much fertilizer). And of course this will only add to the already existing (and Biden caused) inflationary pressure on food (and most all other goods) prices.
Biden and his DemocRAT rule are responsible for inflation (which kicked off in 2021 and not this year). This applies to food prices, gasoline prices, natural gas prices and just about everything else we buy. THEY will attempt to blame this on “RUSSIA, RUSSIA, RUSSIA” and, sadly, many of our more gullible will believe that lie.
Isn’t it great we outsourced so much manufacturing and natural resource production? /s
With restricted fertilizer supplies, there will be less farming going on EVERYWHERE.
That is the classic Democratic Party playbook.
Create a problem—and then publish a blizzard of propaganda blaming everybody else for the problem—and claim they are the solution!
Amen. We are about to experience serious pain and it’s important we keep our eye on the real cause. Never, ever trust Demented Joe & his Ho about anything.
Thesis, antithesis, synthesis.
No fair! Only WE get to put economic sanctions on the regular people of a country. That’s completely against the rules to do the same thing back!
The nerve of some countries!/s
This morning in Sacramento 91 octane was running around $5.50 per gallon.
Lindsey Graham cheered as each American manufacturer packed up and sailed away to the tune of Free Trade. He's an economic traitor to our nation.
Don’t worry - Blinken, Biden and Harris will offer words of encouragement when you are starving. We are with you!!
I'd seen a couple of presentations by the founders and thought "smaller potash facilities - now there's an exciting startup pitch".
It also runs an extreme risk of blowing back into our own economy. This is the first time sanctions have been applied to the America people for something a foreign nation does?
How’s that globalism working out folks?
Well said - we don’t get a lot of intelligent posts on FR like yours.
My addition to your comment is - Wall Street’s financial “services” all gets counted as GDP. Trading derivatives back and forth, the salaries of the employees, the services they consume - all count as GDP
What percentage of American GDP is financial services? I have been told its as high as 25%
As far as I am concerned, its all “empty” GDP - none of it will grow food, deliver materials, heat your home, ie) the real stuff an economy really exists on
$3.79 - $4.19 in 4 days here in Northeast Hellinois.
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