Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Russia’s invasion of Ukraine will likely ratchet American food prices even higher, experts say
- Russia’s invasion of Ukraine could push U.S. food prices even higher, as the region is one of the world’s largest producers of wheat and some vegetable oils. And the disruptions could drag on for months or even years, as crop production in the area could be halted and take a long time to restart.
- This week’s events “are proof that this will be a multiyear issue,” said Michael Swanson, Wells Fargo’s chief agricultural economist. “It’s my assumption that Ukrainian crops won’t get planted, or not anywhere near what they typically plant. And the Russian crops will be planted but will be embargoed in many markets. This is not something that will be resolved in weeks or months.”
- “There will be a disruption; there is already a blockade on Black Sea ports,” she said. “In the near term this should have an impact on European Union wheat shipments, then it will have an impact on the U.S.”
- Ukraine is the world’s fourth-largest exporter of both corn and wheat. It is also the world’s largest exporter of sunflower seed oil, an important component of the world’s vegetable oil supply. Together, Russia and Ukraine supply 29 percent of all wheat exports and 75 percent of global exports of sunflower oil, said Kelly Goughary, senior research analyst Gro-Intelligence, an agriculture data platform.
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Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- World wheat prices begin to soar amid the war in Ukraine
- Mideast governments must hike bread subsidies if they don’t want chaos in the streets, experts say.
- As weeks of tension now turn to open warfare between Russia and Ukraine, the effects on the global economy are becoming clear. World trade in wheat is greater than for all other crops combined, and its price reached a nine-year high on Thursday, $9.32 per 60-pound bushel, as the escalating conflict led to expectations of disrupted supplies.
- Russia is the third-largest producer of grain, after China and India, and Ukraine is the ninth-largest. Together, the two warring countries produce more than a quarter of the world’s wheat and nearly a third of global exports.
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Matthew 24:6 “And you will hear of wars and rumors of wars. See that you are not alarmed, for this must take place, but the end is not yet.”
Important Takeaways:
- China may take ‘wrong lessons’ from US, NATO response to Ukraine invasion: experts
- Taiwan reported that it dispatched fighters to caution nine Chinese planes that flew into its defensive airspace on the first day of Russian’s invasion. China has conducted similar flybys in the past, but the timing remains notable.
- China’s going to draw some of the wrong lessons here and its leaders might consider the Biden admin’s response to be more show than substance,”
- NATO has stood back from taking direct action to stop the invasion of Ukraine, which borders on a number of NATO allies.
- “What do you think they bring to the table – and that leaves aside the question of why would they come in?” Cheng argued. “If they won’t come into Ukraine, which borders on multiple NATO allies, in open violation of a number of formal treaty commitments that every signed – Helsinki accords, Minsk, too – why would we assume our European allies to fight and die for Taiwan when there’s no commitment to it?”
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Zechariah 12:3 On that day, when all the nations of the earth are gathered against her, I will make Jerusalem an immovable rock for all the nations. All who try to move it will injure themselves.
Important Takeaways:
- The invasion of Ukraine makes it obvious: The IDF will fight its own battles, alone
- If President Joe Biden’s speech on Wednesday evening wasn’t clear enough: Ukraine is on its own against the Russian bear. And if there’s anything Israel can learn from that, is that it also will find itself fighting alone should it ever find itself in a war against Iran.
- Yes, Biden said that he will impose strong sanctions on Russia and will provide Ukraine with humanitarian aid, yes the United States will deploy additional troops to neighboring NATO countries, but no, US troops will not fight against Russian troops for Ukraine.
- Biden sounded angry and frustrated during his speech where he said that Russia’s invasion “is a dangerous moment for all of Europe, for the freedom around the world. Putin has committed an assault on the very principles that uphold global peace.”
- But, with all due respect, Biden waved the Western white flag and lost American deterrence against Russia -as well as Iran and China- countries that only respect leaders who show true power and strength.
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Matthew 24:6 “And you will hear of wars and rumors of wars. See that you are not alarmed, for this must take place, but the end is not yet.”
Important Takeaways:
- Putin is after more than land — he wants the religious soul of Ukraine
- The physical landscape of Ukraine isn’t the only battle space Russian invaders hope to dominate. For the past decade, the two countries have fought another battle — not over territory but the religious orientation of Ukraine. And if Russia occupies the country, religious freedom will be one of the many casualties.
- Putin’s efforts to restore Russian prestige have included elevating the Russian Orthodox Church to the center of Russian identity while also undermining the independence of the Moscow Patriarch. Putin’s Ukraine scheme included leveraging the potential religious soft power of the Moscow-aligned Ukrainian Orthodox Church-Moscow Patriarchate.
- The Orthodox Church of Ukraine becoming free was a declaration of independence from foreign influence and achieved greater religious freedom
- The president of the European People’s Party, Donald Tusk, cited sources saying Putin’s “demands are also connected with the Ukrainian Orthodox Church and its independence from Moscow.
- Whatever the outcome, the future is uncertain. The Prussian strategist Carl von Clausewitz said, “War is the continuation of politics by other means.” War was probably the only outcome Putin wanted. The implications for Ukrainian religious freedom and other human rights, however, hang in the balance.
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Proverbs 25:19 “Trusting in a treacherous man in time of trouble is like a bad tooth or a foot that slips.”
Important Takeaways:
- After Invoking Emergency Powers, Trudeau Announces Canada Will ‘Stand Against Authoritarianism,’ Announces Sanctions Against Russia
- His comments come just days after Trudeau invoked the Emergencies Act in Canada, used for a forceful crackdown on peaceful protesters engaged in a ‘Freedom Convoy’ against government mandates.
- “Canada and our allies will defend democracy,” Trudeau declared. “We are taking these actions today, to stand against authoritarianism.”
- “We will continue working with our international partners to safeguard Ukraine’s territorial integrity and prevent further Russian aggression,” he added.
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Matthew 24:6 “And you will hear of wars and rumors of wars. See that you are not alarmed, for this must take place, but the end is not yet.”
Important Takeaways:
- China state media editor says Beijing must back Russia over Ukraine so it gets support when it fights for Taiwan
- “China has to back Russia up with emotional and moral support while refraining from treading on the toes of the US and EU,” Ming wrote.
- “In the future, China will also need Russia’s understanding and support when wrestling with America to solve the Taiwan issue once and for all.”
- China has not condemned President Vladimir Putin for ordering troops into eastern Ukraine, an act that Western powers consider to be a springboard for a full invasion of Ukraine.
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Matthew 24:6 “And you will hear of wars and rumors of wars. See that you are not alarmed, for this must take place, but the end is not yet.”
Important Takeaways:
- Ukraine declares state of emergency, summons citizens home from Russia
- The country started drafting reservists aged 18-60 following a decree by President Volodymyr Zelensky.
- The maximum service period is one year.
- Shelling intensified at the line of contact in eastern Ukraine, where Russian President Vladimir Putin recognized the independence of two Moscow-backed rebel regions this week and has ordered the deployment of Russian troops as “peacekeepers.”
- Ukraine’s Foreign Ministry requested President Volodymyr Zelensky to break off diplomatic ties with Russia in response to the recognition of the independence of separatist-held regions.
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Matthew 24:6 “And you will hear of wars and rumors of wars. See that you are not alarmed, for this must take place, but the end is not yet.”
Important Takeaways:
- Russia warns of a ‘finely tuned and painful response’ to Biden’s sanctions as Ukraine is hit with a massive cyberattack, declares nationwide state of emergency and Putin boasts of ‘advanced’ hypersonic weapons
- Ukraine has declared a state of emergency – government websites and bank websites have been hit by cyber attack
- Comes as Joe Biden hit Russian banks and several top figures in Putin’s inner circle as well as sanctioning Russia’s sovereign debt to stop country raise money from the West
- Secretary of State Antony Blinken cancelled his meeting with Sergei Lavrov as diplomacy failed to end crisis
- Western allies say full-scale Russian invasion of Ukraine including attack on Kiev is ‘highly likely’ – with U.S. sources spotting blood supplies being moved to the frontlines
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Important Takeaways:
- If Russia mounts cyberattacks against the United States, the targets could include banks, power plants, water treatment facilities, and communications. Cyber experts say Russia has the capability to disable or destroy U.S. satellites. Those attacks could also impact GPS for navigation, farming, automation, and oil exploration.
- “Our food supply, things that have to do with our power supply, utilities,” cybersecurity expert Ian Marlow said. “Utilities have been brought down and then you don’t have service.”
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