via NY Times
“Ukraine has only compounded a catastrophe on top of a catastrophe,” said David M. Beasley, the executive director of the World Food Program, the United Nations agency that feeds 125 million people a day. “There is no precedent even close to this since World War II.”
Ukrainian farms are about to miss critical planting and harvesting seasons. European fertilizer plants are significantly cutting production because of high energy prices. Farmers from Brazil to Texas are cutting back on fertilizer, threatening the size of the next harvests.
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China, facing its worst wheat crop in decades after severe flooding, is planning to buy much more of the world’s dwindling supply. And India, which ordinarily exports a small amount of wheat, has already seen foreign demand more than triple compared with last year.
This is why China is trying to play nice with India...they're trying to corner the market on their wheat!
Around the world, the result will be even higher grocery bills. In February, U.S. grocery prices were already up 8.6 percent over a year prior, the largest increase in 40 years, according to government data. Economists expect the war to further inflate those prices.
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Rising food prices have long been a catalyst for social and political upheavals in poor African and Arab countries, and many subsidize staples like bread in efforts to avoid such problems. But their economies and budgets — already strained by the pandemic and high energy costs — are now at risk of buckling under the cost of food, economists said.
Story here
Knock on effects.
The sanctions will have unintended consequences.
A new financial scheme will be developed because Russia is demanding that their good be bought in Rubles. Worthless today? Maybe, but not tomorrow.
Unfortunately that's not the real problem.
Europe is about to get pounded with a new wave of immigrants. People in the Middle East and Africa are gonna come pouring in.
Why?
Because of the last item that I posted and highlighted.
Food scarcity has always led to wars, migration, and regime change (you can probably add in increased terrorism too).
You're willing to sacrifice for the sake of Ukraine? Awesome. You haven't yet begun.
High fuel prices, potential rationing of energy and food, a new financial system that operates outside the "legacy" system that the West has setup and wars across the globe?
The reaction to this one conflict will lead to global suffering that will make the bullshit seen during the covid crisis look like child's play.
The Military Industrial Complex will be well fed though.
Congrats to the readers that bought into the MSM messaging. You've probably sealed the fate of millions of people you don't even know. All because you chose to emote instead of think.
