Posted on 05/16/2022 3:35:40 PM PDT by RomanSoldier19
Treasury Secretary Janet Yellen told Ukrainian refugees in Warsaw that she will release a plan later this week to address the worldwide food crisis and food insecurity that has been exacerbated by Russia’s invasion of Ukraine.
Yellen visited Poland and Belgium ahead of the Group of Seven finance ministers’ meeting in Germany on Thursday and Friday.
She praised Poland for taking in millions of Ukrainian refugees and working with other European countries to get Ukraine’s wheat and other much-needed food supplies out of the country to world markets, the Associated Press reported.
Shortages of wheat, barley, sunflower oil and other food staples usually supplied by Ukraine and Russia have sent food prices soaring worldwide.
Wheat prices in Chicago jumped by nearly 6% on Monday, to $12.47 a bushel, the highest in two months, and are up more than 60% this year. Russia and Ukraine together supply almost one-third of the world’s wheat.
The expected shortfall of Ukraine’s wheat and grain had led to expectations that other countries might be able to compensate, but India on Saturday announced it was banning wheat exports to manage its own overall food security amid rising food prices and hot weather.
India, second only to China in global wheat production, harvested seven million tons of wheat last year and initially said it would not stop exports. But the government changed its mind in response to rising inflation following two months of sweltering temperatures, the Financial Times reported.
United Nations Secretary-General António Guterres has asked Russia to allow Ukrainian grain shipments through its Black Sea blockade, in exchange for allowing exports of Russian and Belarussian potash fertilizer now banned under Western sanctions.
(Excerpt) Read more at barrons.com ...
Will she say abortion is the answer?
Why is the US Treasury Secretary addressing this?
She switch jobs with someone?
She isn't even qualified for her current job!
She’s jus’ a country gal, right? /s
I despise sadists
If her answer involves bugs, I’m not interested.
Oh just PEACHY!
We got a stupid DC insider that has no idea how to farm, or even what a farm is, making decisions on agricultural issues.
She’ll be printing food.
Printing money is easy, printing food shouldn’t be much harder.
Kill 90% of the useless eaters.
Digital food. Most money is just book entries, I think soemthing like a tenth of a percent is actually printed.
Probably rationing
Janet Yellen, Stay In Your Lane!
It’s not your job description to be unveiling any sort of plan to address the GLOBAL(?!!) Food Crisis.
You stick to managing the fiscal budgets for America’s economic crisis.
Globalist - She’ll be helping 3rd world countries. They’ll make sure US farmers make more money by selling to the export market.
You could not be far off.
During the potato famines in Ireland and Scotland they shipped grains out of those areas while the local people starved.
“I’m from the government and I’m here to help.”
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