Warning…do not believe that inflation is only temporary. The feckless Biden administration has put all Americans in a precarious situation. Do not be surprised if we are paying in excess of $5.00 per gallon for gasoline and $5.00 for a loaf of bread.
The communist goal of the Great Reset and “Build Back Better” is that you will own nothing and you will be happy! Paying in excess of $5.00 for a loaf of bread will not make me happy. Please do not blame me, I did not vote for Biden. [Let’s Go Brandon]
Brian Massie, Executive Director
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https://www.zerohedge.com/commodities/breadbasket-world-choked-russian-invasion-wheat-prices-soar
“Breadbasket Of World” Choked Off By Russian Invasion As Wheat Prices Soar
BY TYLER DURDEN TUESDAY, MAR 01, 2022 – 08:26 AM
Excerpts from the article
Ukraine has earned the nickname “breadbasket of Europe” for its rich dark soil, vast wheat fields, and other farm goods. The Russian invasion has cut off the world from cheap and abundant wheat supplies.
Ukraine and Russia are vital to the global food supply, accounting for more than a quarter of global wheat trade, about a fifth of corn, and 12% of all calories traded globally, according to Bloomberg.
Reuters reports Ukrainian ports will remain closed until the Russian invasion ends and maritime security is restored for commercial ships.
“If the conflict is prolonged — three months, four months from now — I feel the consequences could be really serious,” Andree Defois, president of consultant Strategie Grains, told Bloomberg. “Wheat will need to be rationed.”
The disruption comes as global food prices are already nearing record-highs and could soon be catapulted into unknown territory.
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Categories: National News