USA - Russia and the Ukraine combined accounted for 33% of all wheat exports among the top ten exporters. Russia exports more than the United States. Let that sink in for a moment. Russia’s invasion of Ukraine is highly likely to disrupt Ukraine’s ability to fully plant and harvest wheat in 2022. And Russia will be blocked, in theory at least, from being able to accept US dollars for its wheat export. On March 9 President Putin signed an order banning the exports of some goods and raw materials.
GERMANY - German business circles are warning of the negative impact Russia’s war in Ukraine will have on the euro. Because the EU has maintained much closer business relations to Russia, they explain, the economic impact caused by the war, will be greater for the EU than for the USA. The EU currency will thus come under pressure. Even “parity with the dollar” can no longer be ruled out. Observers, of course, are seeing that the standing of the US dollar, as the leading global currency, is in danger, in a long-term perspective. That the USA has frozen the Russian central bank reserves, could motivate other countries to avoid this risk and invest their money elsewhere. The sanctions could also have repercussions on western countries, if there is a Russian national bankruptcy caused by a western boycott. This would impact particularly the French, Italian, and Austrian banks, as well as banks in the USA. German credit institutions are considered comparatively less endangered; however, a considerable inflation dynamic throughout the euro zone is feared.
RUSSIA - Russian President Vladimir Putin is in trouble. Despite his limited gains on the ground in Ukraine, he is facing strategic defeat in a war that no one (including me) would have expected him to lose. The vaunted Russian army has turned out to be a hollow force whose major skill sets seem to be bullying its own conscripts and killing foreign civilians. The Russian air force has underperformed even the lowest expectations; perhaps Russian pilots should have spent more time getting training and logging flying hours instead of doing fancy maneuvers at foreign air shows. At home, Putin distrusts his own security services and is apparently purging some of his top spies.
USA - Highly pathogenic and lethal avian influenza virus is now spreading across the US and has now been discovered in both commercial poultry flocks and backyard flocks in 12 states in the US including Kansas, Illinois, Iowa, and Wisconsin, Newsweek reported. A large flock of chickens infected with the deadly and contagious avian flu in Iowa and Wisconsin have been killed to contain the disease. Iowa Department of Agriculture and Land Stewardship announced on Friday that deadly avian influenza was detected in a commercial flock of laying hens in southwest Iowa’s Taylor County. The prices of eggs in the US will increase as bird flu spreads across the country.
NATO - NATO Secretary General Jens Stoltenberg thanked German chancellor Olaf Scholz for his strong personal commitment to NATO and Germany’s leading role in the Alliance during a visit to Berlin on Thursday (17 March 2022). NATO has reinforced its presence in the eastern part of the Alliance and Mr Stoltenberg welcomed the contribution made by Germany, citing the deployment of additional troops to Lithuania and fighter jets to Romania. “This is part of NATO’s swift, decisive, and united response to this fundamental change in our security”, he said. Recalling that NATO Defence Ministers on Wednesday directed military commanders to draw up detailed options to further reinforce deterrence in the alliance’s eastern flank, the Secretary General stressed that new deployments will require major increases to defence spending by Allies. “Germany is leading the way”, the Secretary General said, citing the government’s decisions to increase defence spending to 2 percent of GPD and to purchase fifth generation fighter aircraft.
EUROPE - Germany’s military build-up is a poignant issue in European politics, and what trajectory it will take once the dust settles, only time can tell. Three developments in the past week herald a profound shift in European politics. It is tempting, but ultimately futile, to contextually place this shift as a reaction to the Russian decision to launch military operations in Ukraine. The pretext only provides the alibi, while the shift is anchored on power play and has a dynamic of its own.
UK - The Bank of England has upped the base rate for the third time since December as it attempts to keep a lid on soaring inflation. The base rate has risen from 0.5 per cent to 0.75 per cent, having been previously upped from 0.1 per cent to 0.25 per cent in December and 0.25 per cent to 0.5 per cent last month. The decision taken by the Monetary Policy Committee today was made due to inflationary pressures, although economists suggest it will do little to stem cost of living rises triggered by energy, petrol and food prices. Savers will be hoping that the base rate rise will mean they get better interest rates on their savings accounts. Most homeowners who have fixed rate mortgage deals won't be affected immediately, but are likely to find remortgaging in future more expensive. Those with variable rate mortgages are likely to see monthly costs rise imminently. With inflation at 5.5 per cent as of January and expected to peak over the coming months, the government's 2 per cent inflation target is far from being met.
SWITZERLAND - This is a sick document and explains how they need to drive home anti animal protein narratives between 2020-2030 to “meet UN SDG” goals and combat climate change. Unbelievable how they have this all thought out in great detail. Is it any wonder the price of beef has risen so quickly immediately after Biden was elected?
USA - The French have a wonderful term: the firefighter-arsonist. It’s used to describe a person or entity that lights a match and creates a firestorm, only to subsequently rush and put out the flames to heroic applause and accolades. At this stage of the conflict in Ukraine, it’s hard to imagine a better term for NATO.
UKRAINE - Ukraine has today rejected a Russian plan to become 'neutral' like Sweden or Austria as the warring sides try to hash out a deal to end the bloodshed in eastern Europe. Moscow is thought to be demanding that Ukraine refuse to join any military alliance or host foreign military bases on its soil in exchange for a ceasefire and withdrawal of Russian troops currently terrorising the country.
USA - President Joe Biden announced his decision to provide an additional $1 billion in military aid to Ukraine on Wednesday. The President spoke at the White House about his additional support after Ukrainian President Volodymyr Zelensky addressed Congress and urged them for more support to help them fight against Russia’s invasion of their country. Biden boasted of the “unprecedented assistance” he had prepared for Ukraine, thanking Congress for passing over $13 billion in aid and support funds for the conflict.
VATICAN - Pope Francis said Wednesday that the image of Noah’s flood is “gaining ground in our subconscious” as the world considers the possibility of a nuclear war “that will extinguish us.” “Our imagination appears increasingly concentrated on the representation of a final catastrophe that will extinguish us — what may happen with a possible nuclear war,” Pope Francis said March 16. “The ‘day after’ — if there will still be days and human beings — we will have to start again from scratch.”
GERMANY - Germany laughed at President Trump at the UN when the President warned about being dependent on Russian oil and gas. Today the gas lines into Europe from Russia are no longer sending natural gas to Europe. They’re not laughing anymore. The Germans and the rest of Europe better hope that spring comes fast. The Daily Caller reports: Part of a key pipeline transporting natural gas from Russia to Europe suddenly reversed its flow direction Tuesday, Reuters reported.
UNITED NATIONS - UN chief Antonio Guterres told reporters that the war in Ukraine “will have no winners, only losers”. United Nations Secretary-General Antonio Guterres warned on Monday that an ongoing escalation of war in Ukraine ”whether by accident or design” will threaten the entirety of humanity. He further alarmed that the conflict may end up in the nuclear apocalypse. “The prospect of nuclear conflict, once unthinkable, is now back within the realm of possibility,” Guterres said. Guterres’ comments on nuclear war were made in relation to President Vladimir Putin raising Russia’s deterrent forces – which include various strategic weapons, both nuclear and conventional – to “special” alert last month, a development the UN chief called “bone-chilling.”
UKRAINE - It is also a fierce battle in the information space. Ukrainian President Volodymyr Zelensky thanked Facebook for its role in helping him win the propaganda war after the platform announced it would permit calls for violence against Russians. Following its move to allow praise for the pro-Ukraine neo-nazi Azov Battalion last week, Facebook said they would permit ‘calls for violence against Russians’. “As a result of the Russian invasion of Ukraine we have temporarily made allowances for forms of political expression that would normally violate our rules like violent speech such as ‘death to the Russian invaders.’ We still won’t allow credible calls for violence against Russian civilians,” a Meta spokesperson said in a statement. Moscow responded by banning both Facebook and Instagram in Russia.
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The views expressed in this section are not our own, unless specifically stated, but are provided to highlight what may prove to be prophetically relevant material appearing in the media.