European Union
As Sanctions Against Russia Take Hold, They Are Having The Effect Of Devastating Economies All Over Europe, Who Will Be The First To Fall?
The political impact of the cost-of-living squeeze is ultimately likely to test the continent’s resolve to keep confronting Russia at a time when its president, Vladimir Putin, is threatening to shut off gas supplies amounting to about a third of EU consumption. “This is a sword of Damocles,” said Yves Dubief, whose grandfather founded textile weaver Tenthorey, an employer of 50 people in northeastern France that produces 5 million meters of cloth a year. In such circumstances, the business leader says the state would need to revive measures used during Covid to need help with fixed costs and furloughing workers. “If there is an embargo and we have to reduce our production, whatever the price of gas, it will be a question of whether we are compensated by public authorities.”
Two weeks since Russia began the biggest conflict in Europe since World War II, businesses across the continent are already in varying stages of despair at the consequences on livelihoods from economic sanctions.
Economic sanctions to bring Putler and Russia to their knees? Don’t count on it. In fact, the sanctions placed on Russia over the past 2 weeks is hurting the economies of Europe just as much as it is Russia, and on some levels, even more so. The thing people forget is that Russia is a nation whose people have suffering as their birthright, shutting down McDonald’s and Starbucks doesn’t do anything. But $20 a gallon petrol for the Europeans will wreck their lives and inflict pain that they will not likely survive.
“And the famine was sore in the land.” Genesis 43:1 (KJB)
In many places in the Middle East, flour is already being rationed as Ukraine and Russia account for nearly 30 percent of wheat, 17 percent of corn and over half of sunflower seed oil exports. Critically, Russia is also a major exporter of fertilizer, the price of which has already been soaring. Significant disruptions of Russian exports could see that price jump more — further driving up the cost of food production globally. In the United States soaring gas prices combined with the Biden inflation is already beginning to be felt. But Bidenflation was already in progress before Russia invaded Ukraine.
Shockwaves Spread as Europe’s Economy Reels at Energy Fallout
FROM YAHOO NEWS: A crisis of human suffering in Ukraine, whose wider economic impact prompted European Central Bank officials to quicken their withdrawal from stimulus this week, is affecting prosperity from the farmlands of Spain to the euro zone’s manufacturing core in Germany and France.
Surging energy costs are the central complaint, though disrupted supply chains, sanctions and worries about a looming demand drop are also weighing on enterprises. The abrupt shock of war nearby, combined with broad effects and an uncertain duration, will pile pressure on governments to cushion the blow as well as testing their resolve to confront Russia.
“I don’t know what to do if the war in Ukraine continues for much longer,” Spanish pig farmer Lorenzo Rivera said in an interview this week. “I either have to halt production — or close business for good.”
Rivera, whose 200 sows outnumber people in Peleas de Arriba, the settlement in northern Spain where he lives, has endured cost increases for a while — first electricity, then fuel, and then animal feed. It was all manageable until war broke out on the other side of the continent.
The root of the difficulty is the European Union’s reliance on Ukraine for over half its supply of corn, a key source of feed for pigs. With farmers unable to access fields, analysts are slashing outlooks for crops and exports there by as much as a third, sending prices to the highest in about a decade. Other economic disruption is being inflicted by the geography of the crisis. In Germany, the heartland of the euro-zone economy, Porsche AG stopped production of its Taycan electric car in Stuttgart because it lacks cable trees made in Ukraine. Meanwhile its parent, Volkswagen AG, has halted exports to Russia and stopped production at an auto factory in Kaluga outside Moscow.
Most onerous is the energy impact. If current prices persist, the extra cost of importing gas and oil will amount to an income shock of 550 billion euros ($605 billion) or 4.5% of annual gross domestic product, according to JPMorgan economist Greg Fuzesi. Goldman Sachs now reckons inflation will reach toward 8% and the euro zone will suffer a contraction in the second quarter. To many euro-zone businesses, that pinch has been immediately crippling. Just in December, Manuel Rodriguez’s Groupe Kramer took over a century-old porcelain factory in eastern France called Jurassienne de Ceramique Francaise. He has now taken the painful decision to put it in hibernation.
“If we were to pay a gas bill that’s increased 10-fold, we’d hit the wall,” he said. “We would have no other choice but to file for bankruptcy and close down the factory.”
Heading south, along Italy’s coastline, the spiraling cost of fuel has also left many trawlers unable to go to sea and sparked a week-long strike of fishing boats. Carlo Lista, who owns a fishmonger business in Rome’s Monteverde district, says the effect has been dramatic.
“About 80% of fishing boats have stopped due to the surge in fuel prices,” he said. “You go there, and it’s maybe one boat, and one guy bids and then another, and the price just goes up — whoever bids more gets the fish. Prices are just soaring and soaring.”
Grumpy fishermen are calling on Italy’s government to do something about their predicament beyond the 16 billion euros already spent to protect consumers and companies from rising energy costs. That’s a plea being echoed around the continent. In Spain, Prime Minister Pedro Sanchez has already extended a series of energy tax breaks to the end of June. Portugal will cut fuel levies starting on Friday, and other counterparts are likely to take similar action.
With the EU also under pressure to act, leaders are discussing the crisis in Versailles on Friday. One measure the bloc could consider would be to temporarily lift a ban on imports of genetically modified grains from the U.S. and South America to help farmers struggling with supply disruptions, according to Spain’s Agriculture Minister Luis Planas.
What Bloomberg Economics Says…
“If the gas supply is turned off, Germany and Eastern Europe almost certainly face a crunching blow to output, pushing the euro area into recession.”
The political impact of the cost-of-living squeeze is ultimately likely to test the continent’s resolve to keep confronting Russia at a time when its president, Vladimir Putin, is threatening to shut off gas supplies amounting to about a third of EU consumption.
“This is a sword of Damocles,” said Yves Dubief, whose grandfather founded textile weaver Tenthorey, an employer of 50 people in northeastern France that produces 5 million meters of cloth a year. In such circumstances, the business leader says the state would need to revive measures used during Covid to need help with fixed costs and furloughing workers. “If there is an embargo and we have to reduce our production, whatever the price of gas, it will be a question of whether we are compensated by public authorities.”
While such challenges are likely to focus governments in coming weeks, the most immediate task of addressing economic fallout has been left to ECB President Christine Lagarde. Officials accelerated stimulus withdrawal on Thursday as they unveiled forecasts showing inflation averaging 5.1% this year. The war presents a “substantial upside risk” to prices, she said.
Rodriguez, the French ceramics entrepreneur, looks on that threat with dread. He warns that the problems he’s seeing are likely to cascade throughout global manufacturing.
“There is a domino effect,” he said. “All big industrial firms on the planet have the same problem. In the more or less long term, we will all be faced with this problem of gas that’s too expensive.” READ MORE
Russia sanctions: Moscow warns it will retaliate to Europe gas changes
Russia sanctions: Alexander Novak, Russian Deputy Prime Minister speaks of how Russia will retaliate to the European gas movements as he also warned that the actions will cause prices to rise. Novak said Russia, which supplies 40% of Europe’s gas, was fulfilling its obligations in full but that it would be entirely within its rights to retaliate against the European Union after Germany last month froze the certification of the Nord Stream 2 gas pipeline.
Oil price surge and any sanctions hurt Europe more than U.S., expert explains
Seton Hall University Professor Margarita Balmaceda sits down with Yahoo Finance Live to discuss how the energy market would be impacted by the U.S. import ban on Russian oil, additional operational costs for European refineries, and crude oil prices.
Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church
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Emmanuel Macron
Emmanuel Macron Says He Is Now Ready To Send French Troops Into Ukraine If Russia Is Able To Break Through The Front Lines Which Is Quite Likely
Emmanuel Macron has said he would be prepared to send troops to Ukraine if Vladimir Putin’s forces break through the front lines, raising the risk of NATO forces clashing with Russia’s armies.
Emmanuel Macron has been talking tough lately, and if he is not careful he just may get the chance to see how tough France really is. The French military is pretty good as far as Europe goes, constantly ranked in the ‘Big Three’ along with the UK and Germany, but Russia is an anomaly as many leaders like Napoleon and Hitler found out the hard way. Fighting Russia through Ukraine as a proxy is one thing, fighting them head on will be quite another.
“How are the mighty fallen, and the weapons of war perished!” 2 Samuel 1:27 (KJB)
Russia right now is getting missiles from North Korea, drones from Iran, and a massive amount of technical assistance from China, forming an Axis-type alliance with these shadowy end times nations. Did you know that Vietnam was a proxy war? It sure was. Russia and China backed North Vietnam while the United States backed South Vietnam. Guess who won? It was not the United States who suffered more than 58,000 dead and then was forced to flee as Saigon fell. Proxy wars can have very substantial consequences as Emmanuel Macron may soon be finding out.
Macron vows to send TROOPS to Ukraine if Putin’s forces break through front lines and Zelensky asks for reinforcements
FROM THE DAILY MAIL UK: In an interview published today, the French president said the issue of sending troops would ‘legitimately’ arise if Kyiv and president Volodymyr Zelensky made such a request. The Economist said Macron gave the interview after delivering a keynote speech last week where he declared that Europe is ‘mortal’ and could ‘die’ partly due to the threat posed by Russian aggression after its February 2022 invasion of Ukraine.
It also came as Russia claimed its forces had taken another town in Donetsk, eastern Ukraine, with Moscow’s armies continuing to push against Kyiv’s defences. Russia is rushing to advance against struggling Ukrainian forces ahead of the long-awaited arrival of the bulk of US weapons to the front for Kyiv’s outgunned troops.
‘I’m not ruling anything out, because we are facing someone who is not ruling anything out,’ Macron said when asked if he stood by comments earlier this year not excluding the sending of Western troops that sent shockwaves around Europe.
Such a move would see NATO troops go head-to-head with those in the Russian army, dramatically increasing the risk of an escalation. What’s more, some analysts believe that Russia could be on the verge of launching a major new offensive in Ukraine.
Macron said ‘if Russia decided to go further, we will in any case all have to ask ourselves this question’ of sending troops, describing his refusal to rule out such a move as a ‘strategic wake-up call for my counterparts’.
He described Russia as ‘a power of regional destabilisation’ and ‘a threat to Europeans’ security’.
‘I have a clear strategic objective: Russia cannot win in Ukraine,’ Macron said. ‘If Russia wins in Ukraine, there will be no security in Europe,’ he warned.
‘Who can pretend that Russia will stop there? What security will there be for the other neighbouring countries, Moldova, Romania, Poland, Lithuania and the others?’
Under NATO’s Article 5, all members are obliged to defend others in the case of an armed attack. Should Russia directly attack a NATO member, then the US, the UK, France and Germany are among those who would be expected to respond. Any such conflict risks growing into a global war, the like of which has not been seen since the end of the Second World War. READ MORE
Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church
- HOW TO DONATE: Click here to view our WayGiver Funding page
When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.
But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORT…TO THE FIGHT!!!
“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)
“Thank you very much!” – Geoffrey, editor-in-chief, NTEB
European Union
Emmanuel Macron Offers The EU A ‘Nuclear Umbrella’ Spread Out Over Europe With 300 French Submarine-Launched Ballistic Missiles As Russia Deterrent
French president Emmanuel Macron has suggested the submarine-launched nuclear warheads are fanned across the continent to create a ‘nuclear umbrella’ over Europe
Emmanuel Macron is in his second term as French president, and has just offered the entire weight of the nuclear arsenal of France to the European Union to create a massive ‘nuclear umbrella’ to protect EU nations from a Russian nuclear attack. Today Macron is the president of France, but soon he just may be the king of the world. No kidding.
“And after the league made with him he shall work deceitfully: for he shall come up, and shall become strong with a small people.” Daniel 11:23 (KJB)
If the European Union takes Macron up on his offer of all of France’s nuclear arsenal, guess what else comes with that? He does. Macron comes with that very generous offer, and it becomes the perfect tool to insert himself into a position whereby he gets closer and closer to ruling over all of Europe like Jupiter, just as he prophesied he would back in 2017. Emmanuel Macron is smart, very smart, and one day soon he is going to the leader of all Europe on his way to his 7-year appointment with his biblical destiny. Now that last part is just my opinion, mind you, but looks more and more likely as time goes on.
Europe planning new ‘nuclear umbrella’ with 300 French nuke missiles spread across continent for showdown with Russia
THE SUN US: Macron’s offer followed a German minister urging the UK and France to forge a “nuclear shield” to deter Russia. Leaders in Europe are worried about the ramifications of a possible Donald Trump win in the November presidential election. And nuclear threats are coming out of Russia thick and fast as Putin’s illegal war in Ukraine drags on.
Macron said he wanted to open up conversations about “missile defence, long-range weapons and nuclear weapons” across Europe. The French premier, who has been incredibly vocal about stepping up defence in the face of Putin, said we need a “credible European defence”.
The current US-led NATO alliance, he believes, does not offer enough protection.
France, he says, “is ready to contribute more to the defence of European soil,” independently from America, offering up the 300-ballistic and cruise missile store. But Russia’s nuclear stores dwarf their collective power, with the world’s most extensive and varied collection by a considerable amount. Even the US has fewer nukes.
Just this weekend, one of Putin’s state TV propaganda puppets issued a fresh nuclear threat against the West.
Dmitry Kiselyov warned: “If NATO countries deploy their forces to Ukraine in order to deal strategic defeat to Russia, then that very moment will come of which Putin has spoken. In that case, we’ll send everything flying everywhere! Sarmat, Yars and Avangard missiles. “American decision-making centres and launch sites on land and sea are already in our crosshairs. France, as a nuclear power, will have to be disarmed in an instant. The British isles will simply go underwater. We have the technologies for this.” By referring to “American decision-making centres and launch sites”, Kiselyov was referencing bases across Europe in allied countries. Just days ago Moscow warned that NATO’s nuclear weapons and facilities would be targeted if they are deployed in Poland.
Macron is suggesting France’s nuclear arsenal of submarine-launched ballistic missiles and air-launched cruise missiles are shared around the continent.
He urged: “French doctrine is that we can use nuclear arms when our vital interests are at stake … There is a European dimension in these vital interests. I am in favour of opening this debate, which must therefore include missile defence, long-range weapons and nuclear weapons for those who have them or who have American nuclear weapons on their soil. France will keep its specificity, but it is ready to contribute more to the defence of European soil.”
And last week he doubled down on a specifically European network of defence: “The European pillar of Nato that we are building is essential. But we should build a European defence framework.
“We have to … build a Europe able to show that it is never a vassal of the US.” READ MORE
‘Let’s Put it All On The table’ Macron Offers To Share French Nuclear Weapons For ‘European Defence’
French President Emmanuel Macron backed a common European defence featuring nuclear weapons on April 28. Macron also said that France is “ready to contribute more to the defence of Europe. In an interview published in several French newspapers Macron said France’s nuclear weapons could be part of a common European defence strategy. According to Macron, French nuclear warheads could be a “credible European defence” against possible Russian threats. France reportedly has about 300 nuclear warheads and is the only nuclear power in the European Union (EU).
Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church
- HOW TO DONATE: Click here to view our WayGiver Funding page
When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.
But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORT…TO THE FIGHT!!!
“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)
“Thank you very much!” – Geoffrey, editor-in-chief, NTEB
Emmanuel Macron
Emmanuel Macron Releases Photo Of Himself Boxing To Signal That He Is ‘Ready For Battle’ Pitting Europe Against Russia In Solidarity With Ukraine
Intimate portraits of Emmanuel Macron boxing have been described as the ultimate show of ‘virility’ as he appears ‘ready for battle’ against Russia
French president Emmanuel Macron, who as you recall, is also the Co-Prince of Andorra, has just sent a message to Vladimir Putin about the Russia Ukraine War. Macron has signaled to Putin and indeed to all Europe, that he is ready to lead them into battle to defend Ukraine. He did this by releasing photos of himself aggressively punching a boxing heavy bag, taken by the official French presidential photographer, in a move some are saying shows Macron is ready for war.
“But in his estate shall he honour the God of forces: and a god whom his fathers knew not shall he honour with gold, and silver, and with precious stones, and pleasant things.” Daniel 11:38 (KJB)
These boxing photos of Emmanuel Macron by themselves amount to not much more than him indulging in his well-documented narcissistic tendencies. But taken in complete context with the very aggressive pro-war statements he has been making over the past month, now you have something. Not only is Macron on record as saying that ‘European troops should be prepared to fight against Russia in solidarity with Ukraine’, he went on to say that if Europe and the West would not fight for Russia, then they were ‘cowards’. These boxing photos of Macron are funny, funny in the same way that photos of ‘the funny little man with the mustache’ in Germany were funny, right up to the moment that the laughter stopped. Just remember that the last two World Wars started in Europe, spread to Russia, eventually pulling in the United States. WWI killed 20 million with another 20 million wounded, plastic surgery was invented as doctors struggled to deal with the horrific wounds they’d never seen before. WWII killed 55 million, 6 million of which were Jews. Is Macron about to plunge us into WWIII? It’s starting to seem like it.
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Macron boxing pictures show he is ‘ready for battle’ against Russia
FROM THE TELEGRAPH UK: Soazig de la Moissonnière, the official presidential photographer, released two black and white images of a sweaty French president hitting a punch bag in a gym on Instagram. They showed him with bulging biceps as he struck the bag with gritted teeth and veins protruding.
I’ll just leave this right here. For more information, click here: https://t.co/NNgdEwDYV3 #EmmanuelMacron #Antichrist #ManOfSin #LeftBehind pic.twitter.com/mSDfNDffSX
— Now The End Begins (@NowTheEndBegins) February 28, 2024
Nice-Matin, a regional French daily newspaper, said the images conveyed a message of “ultimate virility” that brought to mind those of a bare-chested Vladimir Putin practising judo or riding a horse.
CNews said Mr Macron appeared “ready for battle, his gaze fixed on the punching bag as if determined to beat his opponents”.
“With his features drawn, his muscles bulging and his teeth clenched, the president looks like a real warrior. A situation that echoes the tense news of recent days,” it said.
That was a nod to Mr. Macron’s apparent shift from dove to hawk regarding his stance to the war in Ukraine, urging NATO not to rule out deploying troops on the ground.
“Perhaps at some point – I don’t want it and I won’t take the initiative – we will have to have ground operations…to counter the Russian forces,” he told Le Parisien over the weekend. READ MORE
Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church
- HOW TO DONATE: Click here to view our WayGiver Funding page
When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.
But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORT…TO THE FIGHT!!!
“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)
“Thank you very much!” – Geoffrey, editor-in-chief, NTEB
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