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Food Shortages, Economic Collapse and the Failing Great Reset
Martin Armstrong is a world renowned Economist, having predicted previous financial collapses accurately over the years by analysing history and trends.
He joins us today to discuss the upcoming food shortages, economic collapse, how he believes the Great Reset will fail and how people can prepare.
Amid the ongoing Russian invasion of Ukraine, the world is reeling under a global food security crisis. Now, Russian President Putin broke his silence on the food crisis and blamed the West.
Ukraine has agreed to sell grain to Turkey at a 25% discount, according to Turkish Agriculture and Forestry Minister Vahit Kirişci.
Ankara has been coordinating closely with Moscow and Kiev to reach an agreement to resume shipments of Ukrainian agricultural products from Odessa, the country’s major Black Sea port.
The plan, backed by the United Nations, is expected to open a safe shipping corridor amid the Russia-Ukraine conflict, to address the growing global food crisis.
Turkey’s Defense Minister Hulusi Akar said that the four parties were working out a plan on clearing mines floating off the coast of Odessa and elsewhere along Ukraine’s coast, as well as on safeguarding the shipping corridor.
“A lot of progress has been made on this issue,” and technical planning continues, he said, adding that the parties were “making efforts to conclude this as soon as possible.”
Russia's Lavrov discussing food corridor with Turkey
The opening of a security corridor in the Black Sea for agricultural exports from Ukraine is being discussed this morning by Russian Foreign Minister Sergei Lavrov and his Turkish counterpart Mevlut Cavusoglu.
Ukraine punches far above its weight as a food exporter, contributing 42% of the sunflower oil traded on the global market, 16% of the maize and 9% of the wheat.
In normal times, some countries depend heavily on Ukrainian exports. Western countries have accused Russia of creating the risk of global famine by shutting Ukraine's Black Sea ports, which Russia denies - blaming Western sanctions.
According to Russia's state-controlled Channel One TV, Moscow "stresses that it is not preventing Ukrainian grain exports and rejects the relevant attacks by the West, which is also trying to blame our country for the situation around food security in the world".
And official state Rossiya 1 TV suggests Turkey, Russia, Ukraine and the UN have prepared a road map to provide a safe passage for ships carrying grain.
But the Ukrainian Foreign Ministry said yesterday any agreement that goes contrary to Ukraine's interests will be rejected.
Meanwhile, grain shipments will resume from Ukraine's Russian-occupied Black Sea port of Berdyansk this week after the completion of work to remove mines, Russia's TASS news agency cites local authorities as saying.
UN comments on grain stealing allegations
The UN is unable to verify accusations made by Kiev that Moscow is “stealing” and exporting Ukrainian grain, Stephane Dujarric, the spokesman for the UN Secretary-General, has said.
Asked about the claims during a news briefing on Tuesday, Dujarric said that neither the UN Secretary-General’s office nor the UN World Food Programme (WFP) had any credible information on the matter.
“We’ve seen recent media reports, we’re talking to our colleagues at WFP. They have no way of verifying these allegations. I think WFP, as we all have, has been advocating for a free movement of food from the Black Sea to ensure that the needs of people around the world are met,” he said.
Ukraine has repeatedly accused Moscow of “stealing” its stockpiles of wheat amid the ongoing conflict, most recently, by the Ambassador of Ukraine to Turkey, Vasyl Bodnar.
Three out of four UK consumers now have “major future concerns” about the cost of food, the country's Food Standards Agency confirmed on Tuesday. The body is responding by “urgently” working with charities and donors to bolster supplies to food banks, which have seen a surge in demand.
Newest data from the FSA – which operates in England, Wales and Northern Ireland – says that 76% of UK consumers are concerned about the rising prices of food. The agency’s research also showed that the number of people using food banks or charities has drastically increased in the span of a year, going from 9% in March 2021 to 15% in March 2022.
The FSA also referred to a March survey showing that one in five Britons were skipping at least one meal or cutting down on portion sizes, because they lacked money to buy food.
Up to 181 million people in 41 countries could be hit by severe food shortages this year due to the conflict in Ukraine and its impact on grain and fertilizer exports, according to a UN report.
“Food should never be a luxury; it is a fundamental human right. And yet, this crisis may rapidly turn into a food catastrophe of global proportions,” the Crisis Response Group on Food, Energy and Finance report released on Wednesday warned.
According to the UN, the situation could deteriorate beyond 2022, with 19 million more people expected to face chronic undernourishment globally in 2023 if food exports from Russia and Ukraine continue to decline.
“This year’s food crisis is about lack of access. Next year’s could be about lack of food,” UN Secretary-General Antonio Guterres said, adding that the number of severely food-insecure people has doubled in the past two years.
One person dies every 48 seconds in drought ravaged East Africa. Nearly a quarter of a million people are facing starvation in Somalia alone. The global community has been reluctant to respond to the crisis.
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