The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant. - Maximilien Robespierre.

Showing posts with label exports. Show all posts
Showing posts with label exports. Show all posts

Monday, August 07, 2023

Brace Yourselves: The Impact Of The Ukraine War Is About To Start Hitting Us Harder

While mainstream media in western Europe and North America continues to sing the paraises of Ukraine's armeed fgorces and report the success of the counteroffensive as the Russians are pushed back many miles each day, more perceptive people recognise that although the Ukrainians, supported by American and European weapons and cash, have fought bravely in resisting the onslaught faced over the past eighteen months, there is no doubt that in reality Ukraine is not winning or even holding their own, the country is being reduced to rubble.
 

Meanwhile a fact about the war that is hardly acknowledges is just how much worse the impact of the conflict could have been on a global scale had Russia not shown considerable restraint in the face of constant provocations by Ukraine and its non - combatant allies. Mainstream media has repeatedly commented on Russian brutality having conveniently forgotten the carpet bombing by NATO allies of Serbia, Iraq, Afghanistan, Libya and Syria. In fact Russia has not taken advantage of its overwhelming air superiority and in view of Zelensky's demands for American and European war planes this is remarkable.

But maybe Moscow is playing a different game. Knowing that escalating the shooting war to an air war or a bombing campaign could easily push NATO to direct involvement on the ground and lead to the war spilling beyond Ukrainian territory, has Putin found a better, more subtle weapon?

Prior to the outbreak of hostilities Russia was the world’s leading exporter of grain and fertilizer and provided around 50% of the EU’s gas needs. Ukraine is also a major exporter of grain, second only to Russia among the worlds leading exporters. . The complete disruption of supply lines for any of these vital commodities would result in catastrophe, particularly for the world's poorer nations.

The twin disaster of  lousy harvest yields due to lack of nitrate based fertiliser and lack of grain exports last year was largely thanks to two crucial agreements secured early in the conflict: the Black Sea Grain Initiative, a deal brokered mainly by President Erdogan of Turkey with the support of the United Nations. Under the terms of the initiative Russia allowed Ukraine to continue exporting grain via the Black Sea, and a simlar deal that allowed Russian to keep the gas flowing to Europe via Ukraine. But the former has just been suspended, and the latter could soon be terminated.by Russia in reprisal for Ukraine's launching drone attacks deep into Russian territory. Should those things happen the  true cost of this war to the west and the third world would greatly increase to be counted not in Dollars, Euros or Yuan but in human life and suffering.

When Erdoghan's grain deal was signed last July, U N Secretary General António Guterres,  called it a “beacon of hope” — and rightly so. Reaching an agreement of this kind raised hopes that the two sides were ready to talk and it might prove the first step on the way to a negotiated settlement. On a more practical level it contributed to keeping grain prices low and avoided a collapse in Ukrainian exports (which declined by around 30%) — possibly preventing a global humanitarian disaster as many African, Middle Eastern and South East Asian nations depend on Russian and Ukrainian grain supplied through the U N World Food Prograsm. Over the past year, more than 1,000 ships (containing nearly 33 million metric tons of grain and other foodstuffs) left Ukraine from three Ukrainian ports: Odesa, Chornomorsk and Yuzhny/Pivdennyi.

On July 17,  however, Putin pulled out of the deal having warned for several months that he could do so if the west continued increasing economic sanctions on Russia and provinding the Zelensky regime with the means to escalate the conflict. Throughout this period the deal had beeen under growing strain, with the Kremlin claiming that the West wasn’t holding up its end of the bargain, which allowed for more Russian agricultural and fertiliser exports. For this to happen, Russia insisted on reconnecting the Russian Agricultural Bank to the Swift international payment system and, among other things, the unblocking of assets and accounts of those Russian companies involved in food and fertiliser exports.

But the most important of The Kremlin's demands was the resumption of the Togliatti-Odessa ammonia pipeline, which runs from the Russian city of Togliatti to various Black Sea ports in Ukraine, and which prior to the war exported 2.5 million tonnes of ammonia annually. 

Leaders of the European nations are being affected seem to care more about kowtowing to the U S administration of demented Joe Biden and the unelected bureaucrats who run the EU than about the welfare of the people whose interests they are elected to serve. If they cared about their own nation and the senseless wasting of the lives of young Ukrainian and Russian soldiers as much as they do about toeing the line dictated by The White House (because make no mistake, America has been the main driver of this conflict,) and honouring their commitments to sanction Russia into economic ruin (even though it is obvious sanctions have failed and hit the sanctioning nations harder than the target.

There was a peace deal, including Ukraine neutrality, brokered again by Turkey's president and signed by Putin and Zelenskyy but Boris Johnson was dispatched to Kiev by The White House to forbid and contact between Russia and Ukraine that was not pre - approved by Washington. 

Putin had as a sign of good faith begun pulling troops out but the NATO powers once again welched on the deal.  In 1990 James Baker had promised the Russians, if they pulled their military out of East Germany letting NATO in, that NATO would not move 1 inch East.
Russia gave that huge concession, again in good faith, and almost immediately former Warsaw Pact nations including Poland, Lithuania, Bulgaria, Hungary and The Czech Republic were recruited into NATO. On gaining independence Ukraine had been neutral, and very friendly with Russia (with most people including comedian Zelenskyy speaking only Russian), then suddenly a colour revolution in 2014, engineered by the CIA  overthrew a corrupt but democratically elected government and replaced it with a government dominated by neo - Nazi who ensured their election by banning opposition parties. 

After that 2014 coup stories about Joe Biden and the scandals attached to the dealings of his crooked, debauched son Hunter began to emerge. Western money started pouring into Ukraine, US funded bioweapons research labs sprang up faster than daffodils in the spring. 

 Russia probably guessed that the US wanted to use Crimea as their own naval base to gain dominance of The Black Sea and took it over. Then NATO built a 400K military in Ukraine, and between 2014 and the start of the special military operation 14000 civilians in Donbas were killed, mostly by artillery fire from NATO supplied weapons operated by soldiers trained in NATO member states. Ukraine was obviously becoming a military threat so, Russia acted, just as the US would act if the same thing happened in Mexico or Cuba. 

Then we also remember from 2014 Victoria Nuland’s accidentally recorded phone call  where among other things she said “F**k Europe”, and spoke of hand picking the next leader of Ukraine. And about that time talk began of plans to fast - track Ukraine into NATO membership and then further extend to North ATLANTIC Treaty Organisation away from the Atlantic by recruiting Georgia and Kazakhstan. So, anyone who has followed events knows how this all came about. Also according to the Pentagon 46 US funded biolabs were being operated there, allegedly engaged in research towards developing illegal bioweapons.

Putin had been saying that Ukrainian neutrality was a red line. The West knew this, yet continued to push Ukraine towards NATO membership.

Washington knew this, paid for this, and brought this about, just like they are the ones bringing about war with China. War, among other things, is big money for the Neo-Cons, and it’s also how the US with it’s 800 military bases all over the world (far more than any other nation) controls things. We love war, we love overthrowing governments by funding NGOs. We love the power that controlling monetary policy all over the world, and the sanctions on Russia that were always part of the plan, the fact that those hurt Europe…Well, Victoria Nuland said the US position on that in 2014. 

Zelensky was elected by the Ukrainian people on one major policy platform: Implementing the Minsk agreements, and bringing peace, yet when peace was in his grasp, he said no. Boris Johnson and NATO told him under no circumstances. That is when the “game changer” modern NATO equipment started pouring into Ukraine… one supposed game changer after another was promised to the proxy warriors.only the game never changed.  Heavy Artillery, HIMARS, Leopard 2 Tanks, None of it worked and now we have 350,000 dead Ukrainian troops in Washington’s proxy war and even more seriously wounded, Russia has lost thousands less, best estiates put their losses at around 50K. The Spring counteroffensive has not even moved past the security zone into the first of 3 lines of Russian defense, and in fact Russia is now advancing. It is NATO that is sending those men to their deaths for purely political reasons. Politics, spin, propaganda, lies, and the western powers have lied soi much they cannot stop without facing total humiliation… 

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As Ukraine's much hyped counterattack has failed to achieved the and momentum that hoped for by American and NATO leaders including President Volodymyr Zelensky who admitted it was "slower than desired", and a range of soldiers interviewed by BBC and Sky News television reporters t on different parts of the long (probably too long given the depletion of Ukrainian military manpower,) frontline have blamed minefields laid by Russian troops for that delay. Well as is often said, in any war truth is the first casualty.

So Was Last Weekend's Abortive 'Coup' In Russia Anything But Theatre?
"It is not a matter of what is true that counts, but a matter of what is perceived to be true.'—Henry Kissinger, February 1999" That is very significant quote attributed to Henry Kissinger. Former Uk Prime Minister Tony Blair used a very similar line when selling his 'New Labour' schtick to British voters. It has always been the case that perception overrides actuality, were it not so there would never have been any empires, religions or political parties.

Putin About To Be Overthrown - Sorry False Alarms, The Second Russian Revolution Has Been Cancelled
The story was all over mainstream media here in UK this morning; the Wagner group mercenaries, the private army that defeated the forces of His Excellency, Genealissimo Vobblyvoddymyr Bellendskyyy, President for life of The Whole World at the siege of Bakhmut had rebelled against the Putin regime in Russia and was leading his troops at they marched towards Moscow. Fully paid up members of the Bellendskyyyyy fan club were creaming themselves in comment threads under the articles ...

Status Report On That War Thing In Ukraine: Nordstream to Bakhmut, electricity and water - December 2022


In the wake of attacks on the on the Stream pipelines, that effectively halted the flow of natural gas which German industry, commerce, agriculture and society relies on, and the terrorist attack on the Kerch Bridge, US Secretary of State Antony Blinken gloated that the attacks were a “tremendous opportunity” to weaken Moscow [...] And shortly after news of the Nord Stream sabotage broke on mainstream media, gas supply companies in the USA were offering to supply Europe with shipments of Liquid Natural Gas carried by supertanker to be sold to European nations at vastly inflated prices.

Jingoistic Western Triumphalism Will Not End The War In Ukraine Or Cripple Putin, But It Is Crippling Western Nations

As the war in Ukraine grinds on and Russia steps up its economic war against the west and in particular The European Union, claims made recently by the idiotically 'woke' leaders of Europe's main economic and military powers that the West has a once-in-a–generation chance to severely weaken Russia’s capabilities, both militarily and geopolitically, look increasingly hollow. Putin's critics have cited 'Western unity' as one of the main reasons why Russia will be economically destroyed and politically humiliated when the Ukraine's military finally claim victory.

Are US Supplied Long Range Missiles Really Winning The War For Ukraine?
Since very soon after the start of the war between Russia and Ukraine western powers, USA, UK, EU and NATO have been doing everything possible to prolong and escalate the war. The latest move is to provide the Ukrainian military with long range HIMARS missile. Mainstream media are claiming this has tilted the balance in Ukraine's favour. But for what? To prolong the slaughter? ...

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We The Good Guys Versus They The Bad Guys Reporting Does Not Make Sense For The Ukraine Crisis
Mainstream media reporting of the conflict in Ukraine has disappointed. Perhaps I was naive to suppose that lessons might have been learned from the hits their print sales and online traffic rates took as a result of their handling the COVID pandemic But instead of focusing on the most obviously newsworthy aspect of the build up to and escalation of the war, Russia’s view of NATO expansion into Ukraine and even further to Georgia and Kazakhstan, news reports have simply demonised Russia and portrayed Ukraine as the good guys.

Even If The War In Ukraine Ends, Sanctions Will Stay - So How Bad Will The Food Crisis Get?
Western leaders, desperate to show their own countries they were taking a firm stance on Russia's invasion of Ukraine, were quick to impose economic sanctions ... so quick in fact that they acted before they had though things through. While freezing Russia out of the global finance system they have exacerbated the wests energy crisis, while Russia's retaliatory ban on raw materials (fertiliser) exports will create extra problems on top of those we already had ...

While Crazy Joe Biden Claims Victory Over Russia, NATO's Expansin Plans Have Been Derailed By PutinJoe Biden (or his handlers because we all know Joe's mind is gone,) have been trying to spin reports of Russian troops withdrawing from positions close to the Ukraine border as a diplomatic victory for the USA over Putin but in the geopolitical game things are seldom what they seem to be ...


Mainstream media's hyping of the threat to Ukrained posed by Russian aggression is the latest in a long line of attempts to lay blame for western foreign policy disasters at the feet of Russia. In fact had Joe Biden not started to babble about Russian aggression, talking up the threat of conflict, there would be no crisis ...

Is The Russian Threat To Invade Ukraine Real Or A Globalist Conspiracy Theory?
Continue reading >>>While Joe Biden's handlers in Washington and Boris Johnson In London talk up the threat of war should Russia invade Ukraine as they claim Moscow is preparing to do,Ukrainian leaders are dismissive, accusing the west of ramping up hysteria in a bid to divert attention from oither problems.

British Government Laundered Fake U.S. 'Intelligence' On Ukraine
The British government on Saturday accused Russia of organizing a plot to install a pro-Moscow government in Ukraine, as the Kremlin masses troops near the Ukrainian border. The U.K. Foreign, Commonwealth and Development Office gave relatively little information about the intelligence unveiled Saturday other than to say that the Russian government was considering trying to make a Russia-leaning former member of Ukraine’s parliament, Yevhen Murayev, the country’s new leader. Continue reading >>>

War with Russia? The latest scare story
As the COVID narrative crumbles under the weight of evidence that the vaccines do not work, masks are useless and lockdowns kill more than they save a new scaremongering narrative - or a revamped old one - is emerging as the threat of war with russia is the latest fear and panic vehicle to scare the people into compliance with tyranny. Continue reading >>>

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Friday, July 01, 2022

Claims That Ukraine's Retaking Of Snake Island Is A Major Blow For Putin Are Just Propaganda

  

Mainstream media reports echoing the narrative that with this tiny, undefensible rock in Ukrainian hands, the threat to Moscow’s Black Sea fleet will go up, and the risk of an amphibious assault on Odesa will go down, and that Ukraine's victory on Snake Island could be critical to reopening shipping lanes to grain trapped on the docks of Odessa are just more wishful thinking from the globalist community which still believes western sanctions are crushing Russia and Putin's regime will soon collapse leaving the western powers free to seize control of Russia's vast reserves of natrural gas, oil, nitrates (fertilizer,) and agricultural produce.

It is unlikely this hollow victory will spell the end of Vladimir Putin's ambitions to invade southern Ukraine and establish a land corridor from the current Ukraine / Russia border to The Crimean Peninsula and the port of Odessa.

Russia says its withdrawal from Snake Island was because The Kremlin has lost interest in the island which because of the island's vulnerability to missile and long range artillery attack render it strategically insignificant, but this move will make any amphibious assault on Odessa much harder.

Russian ownership of Snake Island made any attempt to export grain from Odesa almost impossible. However claims that Ukrainian occupation of Snake Island - which it will no doubt quickly populate with air and sea defences - has the potential to ease the global shortage of grain are somwhat hyperbolic.

This conflict has become a war of attrition. There are many factors which impact a war of attrition but t two types of military hardware can have a crucial impact. First is long range artillery. And second is the UAVs which really are what make the artillery effective. Because they tell the artillery where to aim.

According to unbiased information Russians are winning the UAV war with the Orlan-10 Unmanned reconnaiance vehicle. The Orlan-10 is very simple machine. A YouTube video shows someone analyzing the technology by taking one apart. And they were laughing at it because parts of it were held together by duct tape and the camera was a just an ordinary Canon camera that anyone could buy. We can laugh at these low - tech solutions but they mean these bits of kit are cheap, and the Russians have thousands of them as a consequence which in turn means the Russians can see everything along the battlefront. That is the half the issue of what is actually killing Ukrainian soldiers.

The drones that the Ukrainians are using are much more expensive and there are not that many of them. The Orlan-10 is basically a hobbyist level of technology. But it works! It's all that is necessary right now.

For a more complete analysis of the state of play on day 126 of the war:

https://www.youtube.com/watch?v=cRP1Nwy98Q8

That's from "War in Ukraine" and it is a thought-provoking analysis.

It should be obvious that wars are expensive and that  with a shaky economy at the best of times the Ukrainian government is desperate to find money which is why their front man Zelenskyyyyyyy the Clown is going round the world holding out the begging bowl. But in asking for more, and more advanced weapons they are shooting themselves in the foot for short-term money.

For example, let's take the farmers on whose grain and oil seed crops the Ukrainian economy is heavily dependent. The economic case for grain production in the Ukraine depended on the ability of brokers to export the grain through the Black Sea by ship. Without that there is no economic case for wholesale grain merchants to conclude futures contracts with producers, thus the market for grain is reduced by something like 75%.  An alternate pathway that might have released exports to the wider world was to ship the grain by rail via EU nations.

Well the Ukrainian government has just increased the cost of shipping by rail by maybe 65%, and that , on top of certain technical obstacles that completely eliminates the incentive to plant a crop. The farmer goes from a situation where if they were optimistic they might visualize making some money and they can justify planting a crop on that basis to a situation where they are definitely going to lose money if they plant a crop.

So that may mean that no crop was planted this year and that is a disaster not only for Ukraine next year but also for that part of the world, particularly north and east Africa, that depends upon food exported from the Ukraine.  And that means they have to switch the grain containers from one national rail system to  another at the border. There have been efforts to lower the cost of doing that, which was mainly all the bureaucratic barriers at the border, since the beginning of the war.

Unfortunately the Ukranian railway gauge is not the same as their friendly neighbours so container wagons cannot be transferred seamlessly. 

That means carriers have to switch the grain containers from one train to the other at the border. There have been efforts to lower the cost of doing that, which was mainly all the bureaucratic barriers at the border, since the beginning of the war. It used to take weeks and sometimes a month before grain container was switched to the other gauge, a process that because of EU bureaucracy can take weeks. Ukrainian exporters are reportedly trying to reduce that to days but the European Union being the authoritarian, bureaucratic nightmare it is, things are not likely to change any time soon.

 All this adds up to a picture that exposes the narrative of 'Brave Little Ukraine standing up to the bully Putin,' as pure propaganda. The conflict in Ukraine is bloody and brutal and despite reports that Russia is losing squillions of fighting men every day while the Azov brigade has only lost a handful of foreign mercenaries and a blind old dog is bollocks. There are significant casualties on both sides but figures quoted by either should be taken with a pinch of salt.

What should really concern us is that NATO and EU member states and the USA are continuing to supply advanced weapons to Ukraine, enabling the neo - Nazi nutters in Kiev to prolong and escalate the war
, while Ukrainian civilians are bearing the brunt of the suffering and deprivation that always goes with war.

 

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We The Good Guys Versus They The Bad Guys Reporting Does Not Make Sense For The Ukraine Crisis
Mainstream media reporting of the conflict in Ukraine has disappointed. Perhaps I was naive to suppose that lessons might have been learned from the hits their print sales and online traffic rates took as a result of their handling the COVID pandemic But instead of focusing on the most obviously newsworthy aspect of the build up to and escalation of the war, Russia’s view of NATO expansion into Ukraine and even further to Georgia and Kazakhstan, news reports have simply demonised Russia and portrayed Ukraine as the good guys.

Even If The War In Ukraine Ends, Sanctions Will Stay - So How Bad Will The Food Crisis Get?
Western leaders, desperate to show their own countries they were taking a firm stance on Russia's invasion of Ukraine, were quick to impose economic sanctions ... so quick in fact that they acted before they had though things through. While freezing Russia out of the global finance system they have exacerbated the wests energy crisis, while Russia's retaliatory ban on raw materials (fertiliser) exports will create extra problems on top of those we already had ...

While Crazy Joe Biden Claims Victory Over Russia, NATO's Expansin Plans Have Been Derailed By PutinJoe Biden (or his handlers because we all know Joe's mind is gone,) have been trying to spin reports of Russian troops withdrawing from positions close to the Ukraine border as a diplomatic victory for the USA over Putin but in the geopolitical game things are seldom what they seem to be ...


Mainstream media's hyping of the threat to Ukrained posed by Russian aggression is the latest in a long line of attempts to lay blame for western foreign policy disasters at the feet of Russia. In fact had Joe Biden not started to babble about Russian aggression, talking up the threat of conflict, there would be no crisis ...

Is The Russian Threat To Invade Ukraine Real Or A Globalist Conspiracy Theory?
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The British government on Saturday accused Russia of organizing a plot to install a pro-Moscow government in Ukraine, as the Kremlin masses troops near the Ukrainian border. The U.K. Foreign, Commonwealth and Development Office gave relatively little information about the intelligence unveiled Saturday other than to say that the Russian government was considering trying to make a Russia-leaning former member of Ukraine’s parliament, Yevhen Murayev, the country’s new leader. Continue reading >>>

War with Russia? The latest scare story
As the COVID narrative crumbles under the weight of evidence that the vaccines do not work, masks are useless and lockdowns kill more than they save a new scaremongering narrative - or a revamped old one - is emerging as the threat of war with russia is the latest fear and panic vehicle to scare the people into compliance with tyranny. Continue reading >>>

Russian Long Range Missile Test Fuels Nuclear War Fears As NATO Pushed Ukraine To Escalate Conflict
Russia tested its latest intercontinental ballistic missile yeserday, the Satan II has a range of 10,000 miles and can devastate an area of 250,000 square kilometers according to military experts. Bizarrely commentators in mainsteam and online news services portrayed this as a sign of weakness by Russia, though the same people cheered when Joe (Dementiaman) Biden threratened a nuclear response if Russia crossed his 'red lines' in Ukraine ...

We The Good Guys Versus They The Bad Guys Reporting Does Not Make Sense For The Ukraine Crisis
Mainstream media reporting of the conflict in Ukraine has disappointed. Perhaps I was naive to suppose that lessons might have been learned from the hits their print sales and online traffic rates took as a result of their handling the COVID pandemic But instead of focusing on the most obviously newsworthy aspect of the build up to and escalation of the war, Russia’s view of NATO expansion into Ukraine and even further to Georgia and Kazakhstan, news reports have simply demonised Russia and portrayed Ukraine as the good guys.

Even If The War In Ukraine Ends, Sanctions Will Stay - So How Bad Will The Food Crisis Get?
Western leaders, desperate to show their own countries they were taking a firm stance on Russia's invasion of Ukraine, were quick to impose economic sanctions ... so quick in fact that they acted before they had though things through. While freezing Russia out of the global finance system they have exacerbated the wests energy crisis, while Russia's retaliatory ban on raw materials (fertiliser) exports will create extra problems on top of those we already had ...

While Crazy Joe Biden Claims Victory Over Russia, NATO's Expansin Plans Have Been Derailed By PutinJoe Biden (or his handlers because we all know Joe's mind is gone,) have been trying to spin reports of Russian troops withdrawing from positions close to the Ukraine border as a diplomatic victory for the USA over Putin but in the geopolitical game things are seldom what they seem to be ...


Mainstream media's hyping of the threat to Ukrained posed by Russian aggression is the latest in a long line of attempts to lay blame for western foreign policy disasters at the feet of Russia. In fact had Joe Biden not started to babble about Russian aggression, talking up the threat of conflict, there would be no crisis ...

Is The Russian Threat To Invade Ukraine Real Or A Globalist Conspiracy Theory?
Continue reading >>>While Joe Biden's handlers in Washington and Boris Johnson In London talk up the threat of war should Russia invade Ukraine as they claim Moscow is preparing to do,Ukrainian leaders are dismissive, accusing the west of ramping up hysteria in a bid to divert attention from oither problems.

British Government Laundered Fake U.S. 'Intelligence' On Ukraine
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War with Russia? The latest scare story
As the COVID narrative crumbles under the weight of evidence that the vaccines do not work, masks are useless and lockdowns kill more than they save a new scaremongering narrative - or a revamped old one - is emerging as the threat of war with russia is the latest fear and panic vehicle to scare the people into compliance with tyranny. Continue reading >>>

[ Russia USA Proxy war ] ... [ Ukraine War, Western Sanctions ] ... [ Currency Wars ] ... [ Energy - Green dreams ] ... [ Russia catalog ] ... [ Global politics and war ]

Thursday, March 17, 2022

Even If The War In Ukraine Ends, Sanctions Will Stay - So How Bad Will The Food Crisis Get?

 

We have posted in this blog two keynote articles and several shorter pieces in the past three weeks on the likely  catastrophic consequences for the world's food supply of Russia’s Ukraine incursion as the loss of Ukranian and Russian exports of wheat, maize and edible oils are lost. The war may end within a couple of week and for the sake of Ukranian people we have to hope that is the case. However while the shooting war is about local issues the economic war has much wider and more complex implications which means that the west's sanctions on Russian finance and retaliatory Russian bans on exports of agricultural produce, raw materials for commercial fetilizers (Russia produces two thirds of the world's ammonium nitrate according to some sources,) will therefore remain in place much longer.

Ukraine is the world’s fifth-largest exporter of wheat (Russia is largest,  followed by USA, Canada and France,) and at this time of year Ukrainian farmers ought to be seeding their fields in some of the richest soil in the world.  The best agricultural land in the country is unfortunately at the heart of the conflict zone and consistently under bombardment from air and ground. 

Ukrainian farmers like to tell the world they are a resilient, adaptable and innovative people but  they also know that in the current situation their our priorities must be different. And while Ukrane's agricultural communities prioritise  capturing Russian weapons, blowing up fuel convoys and allowing demoralised Russian soldiers to talk with their mothers.

In Odessa’s formerly bustling docks of Ukraine’s main port  are now still, the approaches to the harbour blockaded by Moscow's Black Sea fleet.

The grain and corn stored in huge silos on the farm where where Svitlana Sirko (below) works should at this time of year be on their way to the dock for export. Along with countless others across the huge country, this medium-sized farm with 20 labourers contributes to Ukraine’s reputation as the breadbasket of Europe. After harvestwait exporting in late summer up to 10,000 tonnes can be stored in the silo to await export. This year it must stay there because no ships can enter or leave the port.

Farm administrator Svitlana Sirko, like many Ukrainian agriculture workers, has found her work curtailed by the war
Farm administrator Svitlana Sirko, like many Ukrainian agriculture workers, has found her work curtailed by the war Credit: Simon Townsley for The Telegraph

The Ukraine war has contributed a trio of economic crises for the wider world, a dearth of wheat and other staple foods, rocketing fuel prices (due in part to the failure of green energy sources and the idiocy of 'net zero' committments,) and the ban on exporting raw materials for fertiliser products which will cause reduced yields across all this year's harvests. 

And the economic bad news does not end there. Because of its vast area Russia with Siberia hosts many other natural resources essential to high tech industries, metal bashing industries and agriculture. The world faces a commodity catastrophe with oil, gas, coal and agricultural chemicals prices all spiralling higher together, with metals catching up fast. It is a problem not just for central bankers but for all of us.

A statement from Roman Leshchenko Ukraine’s agriculture and food minister said that while export blocks had been placed on badly needed commodities like beef, sugar, salt and millet, the country still wanted to export wheat and corn. Yet that had been made nearly impossible by a blockade of Ukraine’s southern ports by the Russian navy. March, April, May and June should be the peak export months, but instead the ships are stationary and the terminals closed. 

It looks as if 2022 is going to be an even rougher ride than '20 and '21.

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Boris and Biden Can't Blame Ukraine War For Energy Crisis
With typical arrogance and condescension towards the people who elected them Boris Johnson, Joe Biden and their respectiive presstitutes are trying to spin the energy crisis Europe and North America are currently facing as somehow being linked to the conflict in Ukraine and therfore blame is being attactched to Russia and Vladimir Putin. Do they really think we are stupid enough to believe such unmitigated bollocks? ...

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Tuesday, August 09, 2016

Weak Chinese Trade Data Confirms Global Slowdown, Imports Tumble

While central banks continue to 'print money', now at an accelerating rate (now nearly $200 billion per month, they cannot print trade. In November last year and again last January, we reported The Baltic Dry Index, perhaps the single best indicator of deteriorating global economic conditions, crashed to record lows. The 'Balitc Dry' reflects freight rates for goods in trade being carried on ships around the world. Shipping companies were practically giving away space in their ships. It seemed global trade had come to a standstill.

Since then the index has only recovered a little and many other statistics have proved our assessment of the situation was correct.

The latest confirmation came this week from China, where reported trade data for the month of July more disappointing than the previous month, which in turn had been worse than May. Exports and especially imports fell more than expected in July in a rocky start to the year's third quarter, suggesting the measures taken by the Chinese government to kick start the economt have failed to generate a substantial recovery, and pointing to further and accelerating weakness in global demand. This explainins the recent scramble by central banks to unleash even more monetary easing (it was nothing to do with Brexit, that was just a convenient scapegoat.

Economists polled by Reuters had expected trade to remain weak but show some signs of improvement as factories began to gear up for the peak year-end shopping season.

That has not happened, as imports fell 12.5 percent from a year earlier, the biggest decline since February. suggesting China's domestic demand may be faltering despite a round of quantitative easing (pumping fiat money into the economy) to stimulate economic growth. "I think (the drop in imports) is mainly from the demand side," said Ma Xiaoping, an economist at HSBC in Beijing, quoted by Reuters. According to Ma government efforts to cut overcapacity could prove to be counter productive, resulting in an even bigger reduction in demand.

Also notable is the slowdown in Chinese crude oil demand, as China oil imports fell to a 6-month low: China imported 31.07m mt of crude last month, the General Administration of Customs in Beijing says on website. That’s equivalent to 7.35m b/d, lowest since January.

The bad news goes on. Exports fell 4.4 percent on-year, the General Administration of Customs said on Monday, while adding that it expects pressure on shipments likely will start to ease in October. That resulted in a trade surplus of $52.31 billion in July, the biggest since January, versus June's $48.11 billion. While oil imports may be declining, oil product exports hit 4.57 million metric tons with net oil product exports at record 2.49metric tons, as China continues to flood the world with diesel and gasoline exports.

For the January to July period, China's exports fell 7.4 percent, while imports fell 10.5 percent, roughly on pace with last year's 8 percent decline. China's imports have now declined for 21 straight months, while exports have fallen for 12 of 13 months, helping to drag economic growth to its slowest in a quarter of a century.

"Signs of stronger manufacturing activity among many of China's key trading partners has so far failed to lift export growth," Capital Economics' China economist Julian Evans-Pritchard said in a note. "The country's export growth is likely to remain subdued for some time."

China's exports underwhelmed despite still-strong shipments of steel and oil products, with the latter hitting a record. China has come under fire from trading partners accusing it of dumping its excess industrial capacity in global markets.

Forget the figures from the rigged Stock and commodity exchanges, forget the rosy looking employment figures, the reality is the global economy is more fucked up than it was in July 2008. And we all know what happened a couple of months after that.


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