OAN Newsroom UPDATED 12:00 PM PT – Thursday, April 28, 2022
President Joe Biden said he’s sending Congress a request for more security and humanitarian funding for Ukraine. During a press conference at the White House Thursday, Biden said in total he’s asking for an additional $33 billion for the war-torn country as the conflict continues for more than two months.
Twenty billion dollars will be used for military assistance, $8 billion for economic assistance and $3 billion for humanitarian aid, which is expected to last through September 30. The President stressed the aid will help Ukraine continue defending it’s sovereignty against Russian aggression.
“Basically, we’re out of money and so that’s why today, in order to sustain Ukraine as it continues to fight, I’m sending Congress a supplemental budget request, ” Biden stateted. “It’s going to keep weapons and ammunition flowing without interruption to the brave Ukrainian fighters, and continue delivering economic humanitarian assistance to the Ukrainian people.”
Biden also is sending a proposal to Congress to use funds from seized assets of Russian oligarchs to help Ukraine fight Vladimir Putin’s invasion.
Europe’s struggles with its food and fuel supplies began after most nations on the continent imposed economic sanctions on Russia following its invasion of Ukraine. This threatened the flow of already-critical commodities in Europe and threatened to collapse already-struggling global supply chains.
As a result, the prices of everything from oil to wheat have soared, leading to multi-decade high inflation rates. Supplies of these essential products have also dwindled after exports from Russia were completely strangled.
Sunflower oil, wheat, dairy and gas are being rationed
In Spain, the country started experiencing sporadic shortages of different products like eggs, milk and other dairy products almost immediately following the outbreak of the war in Ukraine. In early March, major supermarkets like Mercadona and Makro began rationing sunflower oil.
Spain’s left-wing government even went further and gave stores the option to temporarily impose limits on the number of certain products customers purchase.
In Greece, at least four national supermarket chains have started rationing food products like flour and sunflower oil due to critically low supplies caused by the crippled supply chains coming out of Russia and Ukraine.
The supermarkets claim the current rationing is only a preventive measure that will be rolled back once Greece’s supplies of flour and sunflower oil stabilize. Around 30 percent of Greece’s wheat imports come from Russia and Ukraine.
“The reason for the cap on these products is only precautionary, as our customers are concerned about the war in Ukraine,” said one official from supermarket chain Alfa-Beta Vassilopoulos. “We want to ensure we will be able to serve our customers’ needs in the future too.”
“Flour and sunflower oil are the two products which, apart from energy, the war has affected more than anything else,” said Greek Minister for Development and Investment Adonis Georgiadis. “There are already shortages throughout Europe.”
In Germany, the nation triggered the first part of a three-stage emergency plan to conserve the country’s natural gas supply. This move came after Russian President Vladimir Putin demanded that Germany pay for Russian gas in rubles in an attempt to twist Western sanctions against Russia.
The first stage of the emergency plan will lead to “targeted” shutdowns of the flow of natural gas to “specified individual large consumers.”
German Vice-Chancellor and Minister for Economic Affairs Robert Habeck explained that the current rationing plan is a preventive measure implemented to make sure the country doesn’t experience a critical shortage.
Germany is also attempting to reduce or outright eliminate its dependence on Russian gas. Before the war, 55 percent of Germany’s natural gas came from Russia. Now, that number has been reduced to 40 percent with the help of natural gas flows from the Netherlands, France and Belgium.
Food and fuel rationing a consequence of globalism
Smith, the host of “American Journal” on InfoWars, noted that if the global economy wasn’t so dependent on imports from other nations, the war in Ukraine would not have caused such a massive problem for the food and fuel supplies of other nations.
“All of this is really just predicated on globalism. It wouldn’t really be that big of an issue if we didn’t get our toilet paper from China,” he said. “If some ship running aground in the Suez Canal, quite literally on the polar opposite side of the world, somehow makes it so that I can’t buy toilet paper … that’s a problem, and it’s a problem in our world structure.”
Learn more about the state of the global economy and the rationing of food and fuel around the world by reading the latest articles at MarketCrash.news.
Over the past two weeks, following the invasion into Ukraine by Russia, the Biden administration has taken a rather strong stance to supposedly defending freedom and democracy. Standing with Ukraine, the Biden administration and Democrats have proposed sending millions of dollars worth of aid, weapons, and ammunition to help the soldiers on the front lines. But while Joe Biden gave speeches on the importance of standing up for democracy, in 2014, he played a significant role in promoting a coup in Ukraine.
Currently serving as Under Secretary of State for Political Affairs to the Biden administration, Victoria Nuland has spent a fair amount of time not only in Ukraine but pushing an agenda that apparently started back in 2014. In the video below, Democracy Now’s Amy Goodman and Juan González detailed how Nuland, under former President Barack Obama, said, “Fuck the EU.” It should be noted that along with working with Biden, Nuland also worked with the State Department during the Obama administration as well.
For those who might be wondering, Nuland’s words against the EU meant criticizing an organization made up of 27 European countries that govern and support the economy and security policies. Still, Nuland would travel to Ukraine during 2014 where she famously handed out cakes to protesters in Kiev.
At the same time, Nuland was speaking with Jeffery Pyatt about picking a candidate of the opposition to run for the post of Prime Minister of Ukraine. Selecting Arseniy Yatsenyuk, Nuland added, “Biden and I said probably tomorrow for an atta-boy and to get the deets to stick. So Biden’s willing.”
U.S. Under Secy. of State Nuland confirms bioweapons labs in Ukraine
OAN Newsroom UPDATED 1:41 PM PT – Thursday, March 10, 2022
The Biden administration has continued to deny that the U.S. had any involvement with chemical weapons labs in Ukraine, yet the U.S. Under Secretary of State confirmed their existence.
This comes as China claims it’s concerned about an alleged biological weapons development program in Ukraine. On Thursday, China’s Foreign Ministry spokesperson Zhao Lijian echoed Russian allegations of a U.S.-run chemical and biological warfare laboratory in Ukraine. He called for its immediate inspection.
“We urge the U.S., once again, to fulfill its international obligations, make comprehensive clarifications on its domestic and foreign biological military activities, accept multilateral verification, and complete the destruction of its stockpile of chemical weapons as soon as possible,” Lijian stated.
While the Pentagon has rejected those allegations, Under Secretary of State Victoria Nuland confirmed the existence during a hearing on Capitol Hill just days ago while referring to them as biological research facilities.
“Ukraine has biological research facilities which we are now quite concerned Russian troops, Russian forces, may be seeking to gain control of,” she explained. “So we are working with Ukrainians on how they can prevent any of those research materials from falling into the hands of Russian forces should they approach.”
Further, a U.S. National Academy of Sciences article reported that in 2005 then-Sen. Barack Obama negotiated the construction of a level three bio-safety lab in Odessa, Ukraine. The Interim Central Reference Lab was geared to handle “especially dangerous pathogens.”
Nuland’s statement comes as the U.S. claims any allegations of a bio-lab in Ukraine are “misinformation and propaganda.” Pentagon spokesman John Kirby even denied the claims, seemingly going against what the Under Secretary of State said just days prior. While speaking to reporters Wednesday, Kirby echoed the White House in calling the claims false.
This came in response to Russia’s foreign ministry spokesperson who said they have documents showing Ukraine ordered the destruction of plague, cholera, anthrax and other pathogen samples in an attempt to erase evidence of the military program.
Kirby dismissed the report as Russian “disinformation.” Also Wednesday, the State Department claimed Russia is inventing false pretexts in an attempt to justify its own horrific actions in Ukraine.
Fears of a recession and a 1970s-style stagflation economy continue to grip Wall Street and investors this week, as multiple reports show that recession signals have intensified. With oil and commodity prices surging, Reuters reports that investors are “recalibrating their portfolios for an expected period of high inflation and weaker growth.”
While Wall Street Fears Stagflation, Analyst Believes ‘Global Markets Will Collapse’ This Year
This week there’s been a slew of headlines indicating that fears of a 1970s-style stagflationeconomy have risen and economic fallout is coming soon. Three days ago, Reuters’ author David Randall noted that U.S. investors are scared of a hawkish central bank, oil prices surging, and the current conflict in Ukraine. Randall spoke with Nuveen’s chief investment officer of global fixed income, Anders Persson, and the analyst noted stagflation isn’t here just yet, but it is getting near that point.
“Our base case is still not 1970s stagflation, but we’re getting closer to that ZIP code,” Persson said.
On Saturday, Bitcoin.com News reported on the skyrocketing energy stocks, precious metals, and global commodities breaking market records. The same day, the popular Twitter account Pentoshi tweeted about a pending “greater depression.” At the time of writing, the tweet was retweeted 69 times and has close to a thousand likes. Pentoshi told his 523,500 Twitter followers:
The most exciting thing this year. Will be global markets collapsing. Any market that trades above 0 will be too high. They will call this: ‘The greater depression’ which will be 10x worse than the Great Depression.
US Treasury Yield Curve Highlights ‘Recession Concerns Showing up More Prominently’
The following day, Reuters’ author Davide Barbuscia detailed that “recession concerns are showing up more prominently in the U.S. Treasury yield curve.” Data from Barbuscia’s report stresses that the “closely watched gap between yields on two- and 10-year notes stood at its narrowest since March 2020.”
Numerous financial publications are highlighting how rising oil and commodity prices are typically associated with a pending recession. Furthermore, recent filings indicate that Warren Buffett’s Berkshire Hathaway obtained a $5 billion stake in Occidental Petroleum. Berkshire Hathaway has also doubled the firm’s exposure to Chevron as well.