June 13, 2022 (Bloomberg) — The US government is quietly encouraging agricultural and shipping companies to buy and carry more Russian fertilizer, according to people familiar with the efforts, as sanctions fears have led to a sharp drop in supplies, fueling spiraling global food costs.
US Quietly Urges Russia Fertilizer Deals to Unlock Grain Trade
Tag: prices
Inflation Storm Devastates US Households As Fuel, Power And Food “Become Unaffordable”
Greek oil tanker seized by Iran holds oil that was headed to the U.S.
The scissors of slump
Last week, US Treasury Secretary Janet Yellen told the US Congress that “We now are entering a period of transition from one of historic recovery to one that can be marked by stable and steady growth. Making this shift is a central piece of the President’s plan to get inflation under control without sacrificing the economic gains we’ve made.”
It’s true that the US economy since the depths of the pandemic slump, (which remember in terms of national output, incomes and investment was the worst since the 1930s – even worse that the Great Recession of 2008-9) has made a recovery. But it could hardly be described as ‘historic’. And as for the claim that the US economy, the best performing of the major economies in the last year, is heading towards ‘stable and steady growth’, that is not supported by reality.
The scissors of slump
Russia’s energy revenue higher now than just before Ukraine war, U.S. official says
Russia may be getting more revenue from its fossil fuels now than shortly before its invasion of Ukraine, as global price increases offset the impact of Western efforts to restrict its sales, U.S. energy security envoy Amos Hochstein told lawmakers during a hearing on Thursday.
Russia’s energy revenue higher now than just before Ukraine war, U.S. official says

By endangering the petrodollar, Ukraine conflict brings multipolar world & U.S. revolution far closer
The U.S. empire’s social stability can no longer rely on buying off the workers within its own borders. When Che Guevara observed that international worker solidarity gets undermined by the proletarians in the core imperialist countries receiving special benefits compared to the proletarians in the exploited countries, he was right. But with the contraction of capital, and the consequential introduction of neoliberalism to keep capital afloat, this has changed. Every year, the masses within the United States face conditions that are more like the ones in the Global South. The global wealth gap is still the primary wealth gap in a macro sense, but this widening of the U.S. empire’s internal inequality represents a contradiction which can bring about the empire’s defeat from within. And therefore a major step towards eliminating the global gap.
By endangering the petrodollar, Ukraine conflict brings multipolar world & U.S. revolution far closer
Katrina vanden Heuvel on How U.S. Media’s “One-Sided Debate” on Ukraine Fans the Flames of War
IEA chief warns of summer fuel shortages and a triple energy crisis that will outstrip the oil shocks of the 1970s
International Energy Agency chief Fatih Birol has warned of a triple energy crisis that could be “much bigger” and longer lasting than the 1970s.
IEA chief warns of summer fuel shortages and a triple energy crisis that will outstrip the oil shocks of the 1970s
Majority Of Americans Think Protecting Economy—Not Sanctioning Russia—Should Be Country’s Top Priority
More than half of Americans now believe the country’s top priority should be staving off damage to the economy rather than punishing Russia for invading Ukraine, according to an Associated Press-NORC Center for Public Affairs Research poll, as soaring costs and inflation amid the ongoing war prompt a reassessment of priorities.
Majority Of Americans Think Protecting Economy—Not Sanctioning Russia—Should Be Country’s Top Priority
“I CAN’T BELIEVE THEY’VE BEEN SANCTIONED!” – The New Russian Supermarket Gameshow!
Get ready to CRINGE! 😀 “A lot of truth is said in jest” – Here’s a lighthearted, and hopefully entertaining tour of a Russian Supermarket, showing the level of hardship shoppers are facing 3 months after the West imposed a record level of sanctions against the Russian people and the economy.
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More updates from inside Russia as events unfold.
Also available on Odysee
As a podcast
YouTube: “I CAN’T BELIEVE THEY’VE BEEN SANCTIONED!” – The New Russian Supermarket Gameshow!
Sources:
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