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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.”

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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

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. Even all the way to South Africa. We even restarted our weekly radio Bible study on Sunday nights again, 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. If every one of the 15,860+ people on our daily mailing list gave $4.50, we would reach our goal immediately. If every one of our 150,000+ followers on Facebook gave $1.00 each, we would reach 300% of our goal. The same goes for our 15,900 followers on Twitter. But sadly, many will not give, so we need the ones who can and who will give to be generous. As generous as possible.

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJV)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

European Union

As Ukraine President Zelensky And His Wife Grace The Cover Of Vogue Magazine Like Rock Stars, People Are Asking Who’s Running The War With Russia?

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Ukraine president Volodymyr Zelensky and his wife, Olena Zelenska, have just now graced the cover of Vogue, something many feel has crossed the line into vanity territory amid the ongoing war.

Well, have we reached the point where we are ready to call this a phony war yet? I have studied a lot of the wars of the 20th century, and can’t recall the last time people could so easily come and go in the war zone. Or rock concerts in the subway system, or hosts of celebrity appearances by the man who supposed to be hard at work crafting a plan to ‘beat the Russians!!’. What I see is a nearly unlimited pile of money flowing into Ukraine, financing the A-List travel plans of the Ukraine president. Now him and his wife are on the cover of Vogue like all the other Hollywood celebrities.

“A time to love, and a time to hate; a time of war, and a time of peace.” Ecclesiastes 3:8 (KJB)

After about the first or second week of the war between Russia and Ukraine, it started to look like things were not as they seemed to be. Russia fighting with conscripts instead of soldiers, Ukraine begging for, and receiving, tens of billions of dollars in funds and weapons. So much so that people began to wonder if perhaps some of that cash was flowing back into the United States and into the pockets of the Democratic party. But that’s all speculation, I’m sure. In the meantime, Zelensky prances around like a celebrity, asking for and receiving the red carpet treatment. Anyone remember when Hunter Biden worked for Ukrainian energy company Burisma? Like I said, one of the strangest wars I’ve ever seen, almost seems staged. (My comments are dripping with sarcasm in case you haven’t noticed.)

Ukrainian President Zelensky And Wife Raise Objections Over Vogue Cover Photoshoot

FROM TMZ: The presidential couple is featured in a digital edition of the mag that’s all about Olena and her role in the conflict with Russia — it’s titled, “Portrait of Bravery: Ukraine’s First Lady Olena Zelenska” with photography by Annie Leibovitz. It’s a full-blown profile of her … as well as her husband, the Ukrainian Prez.

Of course, there are also a fair amount of photos of each of them throughout — including single shots of Olena, and ones where they’re together … holding hands and/or posing throughout what seems to be the Mariinsky Palace in Kyiv.

A lot of hard issues are addressed in the story, no doubt, and ya gotta figure the intention is to bring more awareness to the cause. All the same, the fact the Zelenskys signed up for this in the first place is getting backlash — with folks saying this comes across as tone-deaf.

Also, the fact that a famed celebrity photog shot them for Vogue here isn’t lost on the masses either. AL has captured the most famous faces on camera, bar none.

From a basic optics stance, there’s an argument this isn’t a good look … especially to Ukrainian soldiers in the field who are putting their lives on the line. Others are criticizing it for political reasons it seems … in any case, it’s getting a collective side-eye on Twitter. READ MORE

Is The War In Ukraine Being Faked?

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

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. Even all the way to South Africa. We even restarted our weekly radio Bible study on Sunday nights again, 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. If every one of the 15,860+ people on our daily mailing list gave $4.50, we would reach our goal immediately. If every one of our 150,000+ followers on Facebook gave $1.00 each, we would reach 300% of our goal. The same goes for our 15,900 followers on Twitter. But sadly, many will not give, so we need the ones who can and who will give to be generous. As generous as possible.

“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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Emmanuel Macron

At G7 Last Week, Emmanuel Macron Suggested Creating A Revived Roman Empire And PM Boris Johnson Of England Thinks It’s A Great Idea

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Emmanuel Macron speaking at the G7 event last week suggested creating a revived Roman empire to include Europe, Turkey and North Africa, Boris Johnson of England loves the idea.

Today is a fantastic example on why I call Emmanuel Macron the ‘gift that keeps on giving’ if you are a student of end times Bible prophecy. At the G7 gathering last week, Macron said that what needs to be created is a revived Roman empire that has more power than either the European Union or NATO. Not only did he say that, but many people who were listening to him, like PM Boris Johnson from England, thought it was a great idea that should be given serious consideration right away.

“He shall enter peaceably even upon the fattest places of the province; and he shall do that which his fathers have not done, nor his fathers’ fathers; he shall scatter among them the prey, and spoil, and riches: yea, and he shall forecast his devices against the strong holds, even for a time.” Daniel 11:24 (KJB)

Do you remember what Emmanuel Macron said when he first came to power in 2017? He told a baffled press corps that he wanted to reign as a “Jupiterian” president – “a remote, dignified figure, like the Roman god of gods, who weighs his rare pronouncements carefully”. Do a word search in your King James Bible on the word ‘jupiter’ and you will see what I mean, Jupiter is absolutely connected to the end times. So what does Emmanuel Macron mean when he says he wants to create a revived Roman empire? Exactly that, and that is exactly what we have claimed for the past 3 years that he will do as the biblical man of sin. Today we move the hands on the end times clock a full minute forward, with about 30 seconds left to go.

Fun fact: the last person to attempt to create a revived Roman empire was Adolf Hitler, the most complete type of Antichrist in human history outside of the biblical accounts. Everything Hitler did was a type of what will be done in the Tribulation, and it will be done by someone who just might be Emmanuel Macron. Since we started reporting on him, Macron has done nothing but justify and validate our opinion of him.

Are you ready for Emmanuel Macron’s revived Roman empire?

FROM AL MAYADEEN ENGLISH: According to the Financial Times on Wednesday, British Prime Minister Boris Johnson, claiming the idea as his own, brought up an idea which he believes to be Europe’s modern take on the Roman Empire: a “European Political Community,” which includes Eastern Europe, namely Ukraine.

“I had this idea back when I first became foreign secretary,” he said, referring to his time in the post from 2016 to 2018. “My view is that we should rebuild the whole concept. I think that Turkey should be there. I think that Maghreb should be there and I think we should basically be recreating the Mare Nostrum of the Roman empire.”

Addressing journalists on their way to the NATO summit in Madrid, he revealed that he had come up with the idea back when he “first became foreign secretary,” revealing that he believed “we should basically be recreating the Mare Nostrum of the Roman Empire.” Mare Nostrum is the Roman name for the Mediterranean Sea during the time when the Romans controlled most of Europe, North Africa, modern-day Turkey, and the Caucasus.

Back in the European parliament, Macron proposed, owing the idea to his French predecessor, Francois Mitterrand, a “broad European club” that was brought up in 1989 when the Soviet Union was collapsing. Johnson described this idea as “worth looking” at as long as it caters to British strategic interests. He said that  “inventing new structures” might not be the best use of resources. While there have been tensions between the Brits and the French, during the G7 summit, the two agreed to “start over.” One UK official called the reconciliation “le bromance.”

France and the UK disagree on a number of issues, including disputes over the English Channel, Brexit, and criticism that Macron isn’t aggressive enough with Vladimir Putin, the Russian president.

One of the last attempts enacted on European nostalgia to restore a Roman empire ended up in a miserable Nazi defeat in 1945. 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

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. Even all the way to South Africa. We even restarted our weekly radio Bible study on Sunday nights again, 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. If every one of the 15,860+ people on our daily mailing list gave $4.50, we would reach our goal immediately. If every one of our 150,000+ followers on Facebook gave $1.00 each, we would reach 300% of our goal. The same goes for our 15,900 followers on Twitter. But sadly, many will not give, so we need the ones who can and who will give to be generous. As generous as possible.

“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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European Union

Russia Claims To Have Captured The City Of Lysychansk In Ukraine Which Would Give Its Forces Control Of The Eastern Donbas Region

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Russia claimed on Sunday to have captured the city of Lysychansk, the last remaining holdout in Ukraine’s Luhansk province, which would give Moscow forces control of the eastern Donbas region.

What started out as “*gasp*, it’s WWIII!!!” has turned into another grinding conflict that most people have stopped paying attention to, and that’s just fine with Putin and Russia. Today the news comes in that Russian forces have captured the last holdout city in Ukraine, Lysychansk. But prophecy watchers take heart, it may yet turn into WWIII before too much longer.

But when ye shall hear of wars and commotions, be not terrified: for these things must first come to pass; but the end is not by and by.” Luke 21:9 (KJB)

The real goal of Putin’s war is not simply to capture Ukraine, but to ensnare the United States and NATO while capturing Ukraine. President Biden, speaking Thursday at a summit of NATO leaders, said the United States is “rallying the world to stand with Ukraine” and pledged to support the cause “as long as it takes.” “I don’t know … how it’s going to end,” the president said, “but it will not end with a Russian defeat of Ukraine in Ukraine.” If Biden said it won’t end that way, it’s a virtual guarantee that it will end that way. Biden said the Taliban would not take control of Afghanistan, he said that gas prices would come down and that recession wasn’t inevitable. As troop buildup in Europe continues, let’s just pray America will be smart enough to stay out of Putin’s war, which is looking less and less likely.

Russia claims to have captured last Ukrainian holdout city in Luhansk

FROM THE NY POST: Ukraine’s military said it had withdrawn its forces from Lysychansk — but President Volodymyr Zelensky disputed that the city had fallen.

“Lysychansk is still being fought for,” he said at a press conference Sunday alongside Australia’s visiting prime minister. “We cannot give you the final judgment.”

Moscow said that Defense Minister Sergei Shoigu had informed President Vladimir Putin that Russian troops assisted by members of a separatist militia “have established full control over the city of Lysychansk.” The reported fall of the Ukrainian bastion completes “the liberation of the Luhansk People’s Republic,” the ministry said in a statement.

Zelensky, however, said Ukrainian forces were continuing to fight Russian soldiers on the city’s outskirts and noted that territory can move quickly from one side to the other.

A spokesman for Ukraine’s defense ministry said earlier the battle for Luhansk will continue, pointing out that “other large cities in the Donbas area, in particular in the Donetsk region” are still under control of Ukrainian forces.

“These are cities that for the last couple of days [have been] targets of severe missile attacks, artillery shelling​, but the battle for the Donbas is not over yet​,” Yuriy Sak told the BBC on Sunday.​ He said military support provided by its Western allies will help turn the tide and “allow us to liberate our lands​.​”​

Luhansk along with Donetsk make up the Donbas region of eastern Ukraine, an area that has seen continuous conflict since Russia illegally annexed Crimea in 2014 and backed separatist militia groups fighting the government. ​Russia turned its attention to the area after its troops failed to take over the capital Kyiv in the early days of the invasion that Putin launched on Feb. 24.  ​Intense fighting was reported around Lysychansk in the past weeks as Ukrainian forces defended the city to prevent it from being overtaken by Russian troops as nearby Severodonetsk did a week ago. Luhansk’s governor ​wrote on social media earlier Sunday that the Russian military was advancing on the city. ​

“The Russians are strengthening their positions in the Lysychansk area, the city is on fire,” ​Serhiy Haidai said.

​​“The occupiers threw all their forces on Lysychansk. They attacked the city with incomprehensibly cruel tactics,”​ Haidai said. ​ “They suffer significant losses, but stubbornly advance. They are gaining a foothold in the city.”​

Oleksiy Arestovych, an adviser to President Volodymyr Zelensky, said late Saturday that Russian forces had crossed a river separating Lysychansk from Severodonetsk, creating a “threatening” situation. READ MORE

Russia’s defence minister tells President Vladimir Putin that Moscow’s forces “have established full control over the city of Lysychansk” in Ukraine’s Luhansk province. Defence Minister Sergei Shoigu told President Vladimir Putin that “as a result of successful military operations, the armed forces of the Russian Federation, together with units of the People’s Militia of the Luhansk People’s Republic, have established full control over the city of Lysychansk”, according to Russian news agencies.

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

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. Even all the way to South Africa. We even restarted our weekly radio Bible study on Sunday nights again, 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. If every one of the 15,860+ people on our daily mailing list gave $4.50, we would reach our goal immediately. If every one of our 150,000+ followers on Facebook gave $1.00 each, we would reach 300% of our goal. The same goes for our 15,900 followers on Twitter. But sadly, many will not give, so we need the ones who can and who will give to be generous. As generous as possible.

“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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