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Line 32: − [[File:European Misery Index.jpg|left|400px|thumb|European Misery Index hit an all-time high of 16.5% by October, 2022.<ref>https://www.investmentwatchblog.com/europes-misery-index-unemployment-rate-inflation-rate-is-at-an-all-time-high/</ref>]]+ Line 70:
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→Russian sanctions
[[File:Europe is becoming an economic Jonestown.PNG|right|300px|thumb|The [[European Union]] committed economic suicide by blindly following the dictates of NATO & [[Washington, D.C.|Washington]].<ref>https://www.moonofalabama.org/2022/09/the-us-is-winning-its-war-on-europes-industries-and-people.html</ref>]]
[[File:Europe is becoming an economic Jonestown.PNG|right|300px|thumb|The [[European Union]] committed economic suicide by blindly following the dictates of NATO & [[Washington, D.C.|Washington]].<ref>https://www.moonofalabama.org/2022/09/the-us-is-winning-its-war-on-europes-industries-and-people.html</ref>]]
In response to Russia's [[Special Military Operation]] to demilitarize and denazify [[Ukraine]], [[corporate]] [[globalist]]s began disemboweling themselves. Major oil companies, including Exxon, BP, and Shell, ended joint investment projects with Russian oil companies. Major retailers, including H&M, Nike, Ikea, and TJX, shut down Russian sales and closed stores. Visa, Mastercard, and American Express shut down global services in Russia. Boeing cut off support for Russian airlines and closed its offices in Moscow, while Delta ended its Russian code-sharing arrangement. FedEx and UPS shut services to Russia. Apple, Alphabet (which owns [[Google]]), Meta (which owns [[Facebook]]), and Microsoft all have taken significant action.<ref>https://www.zerohedge.com/geopolitical/whitehead-rise-global-fascism-and-end-world-we-know-it</ref> The Russian population, which is rich in food and energy supplies, likely will not suffer the energy and food shocks the West and the United States cut out for itself with sanctions, although Russians will be deprived of [[Netflix]].
In response to Russia's [[Special Military Operation]] to demilitarize and denazify [[Ukraine]], [[corporate]] [[globalist]]s began disemboweling themselves. Major oil companies, including Exxon, BP, and Shell, ended joint investment projects with Russian oil companies. Major retailers, including H&M, Nike, Ikea, and TJX, shut down Russian sales and closed stores. Visa, Mastercard, and American Express shut down global services in Russia. Boeing cut off support for Russian airlines and closed its offices in Moscow, while Delta ended its Russian code-sharing arrangement. FedEx and UPS shut services to Russia. Apple, Alphabet (which owns [[Google]]), Meta (which owns [[Facebook]]), and Microsoft all have taken significant action.<ref>https://www.zerohedge.com/geopolitical/whitehead-rise-global-fascism-and-end-world-we-know-it</ref> The Russian population, which is rich in food and energy supplies, likely will not suffer the energy and food shocks the West and the United States cut out for itself with sanctions, although Russians will be deprived of [[Netflix]].
The West believes that by waging economic war of sanctions against civilians, with the intent of making the Russian people suffer, they will rise up in the streets to pressure their government to change policy or to overthrow it to alleviate the economic misery.<ref>https://theconversation.com/the-west-thinks-that-russians-suffering-from-sanctions-will-end-up-abandoning-putin-but-history-indicates-they-wont-179075</ref>
The West believes that by waging economic war of sanctions against civilians, with the intent of making the Russian people suffer, they will rise up in the streets to pressure their government to change policy or to overthrow it to alleviate the economic misery.<ref>https://theconversation.com/the-west-thinks-that-russians-suffering-from-sanctions-will-end-up-abandoning-putin-but-history-indicates-they-wont-179075</ref>
On June 20, 2022, it was reported that Russia overtook Saudi Arabia as the number one supplier of crude oil to the world's largest economy, China.
On June 20, 2022, it was reported that Russia overtook Saudi Arabia as the number one supplier of crude oil to the world's largest economy, China.
===Initial reaction===
[[File:European Misery Index.jpg|right|400px|thumb|European Misery Index hit an all-time high of 16.5% by October, 2022.<ref>https://www.investmentwatchblog.com/europes-misery-index-unemployment-rate-inflation-rate-is-at-an-all-time-high/</ref>]]
The initial response by Western powers to the February 2022 Russian incursion was described as "shock and awe" sanctions, which unequivocally backfired and culminated in a global [[recession]]. The sanctions seemed more intended as an attack on Western societies dependency on [[fossil fuel]]s in furtherance of the [[climate change]] agenda, rather than to punish Russia for alleged violations of international norms.
The sanctions regime against Russia began in 2012 with passage of the [[Magnitsky Act]] under the false and [[bigot]]ed notion that Russia was just a "gas station with nuclear weapons."<ref>https://www.moonofalabama.org/2022/06/two-big-errors-about-russia-by-helmholtz-smith.html</ref> Sanctions barring Russia from the global shipping insurance market in 2022 destroyed what was left of energy and food supply chains after the [[coronavirus pandemic]]. The sanctions imposed by the US and EU have been referred to by critics as "a controlled demolition of the Western economies."
On March 24, 2022 [[BlackRock]] CEO Larry Fink said that Ukraine war spells end of [[globalization]].<ref>https://asia.nikkei.com/Politics/Ukraine-war/BlackRock-s-Larry-Fink-says-Ukraine-war-marks-end-of-globalization</ref>
[[File:Ukrainian mines.jpg|left|300px|thumb|Ukrainian forces mining their own harbors, restricting export of grain. February 2022.]]
Anti-Russian sanctions did not strengthen, but, on the contrary, undermined the global dominance of the United States and the EU, which the rest of the world began to treat with distrust and apprehension. They dramatically accelerated the transition to a new world economic order and the shift of the center of the world economy away from the West. Three months after the incursion began and sanctions imposed on Russia, the Russian Ruble strengthened from 80 to the dollar to 58.5, more than a 25% rise.<ref>https://i0.wp.com/thedreizinreport.com/wp-content/uploads/2022/05/ruble.5.20.22c.jpg?w=713&ssl=1</ref> The Ruble strengthened even more against the [[euro]]. Russia profited from the American and EU sanctions,<ref>https://www.washingtonexaminer.com/policy/energy-environment/russia-doubles-profits-from-oil-and-gas-sales-to-eu-during-war-study</ref> while the United States and the EU shot itself in the foot under the discombobulated and mistaken notion that they could take Russia down economically, convince the Russian people to rise up, storm the [[Kremlin]], and force Vladimir Putin to resign.
Ukraine, with strategic consultation from NATO, mined its own Black Sea harbors, impeding Ukraine's shipments of grain to the world.
By the first week of May 2022, gas prices for civilian vehicles in Ukraine hit over $12 per gallon, and consumers were limited to 2.5 gals. Deisel fuel for non-military consumption was non-existent, and rail traffic virtually came to a halt, affecting the delivery of food and gasoline.
Meanwhile, the United States and European Union fell into a self-inflicted economic [[recession]] with [[inflation]], [[food]] supply and [[gas]] shortages.
Foreign bond holders of Russian debt instruments were forced to sue the [[Biden junta]] because the junta refused to allow the Russian government to make interest payments to the bondholders in dollars.
Security Council Deputy Chairman [[Dmitry Medvedev]] in a message on social media about Western sanctions said:
{{quotebox-float|"these sanctions are directed specifically against the people of Russia...And no matter what the American and European leaders say about their claims of 'punishing your bosses', and 'we love you, common citizens' - this is pure nonsense...They [[hate]] us all!...At the heart of these decisions is hatred towards Russia - and its people...Hatred towards our [[culture]] - hence the attempt to cancel [[Tolstoy]], [[Chekhov]], [[Tchaikovsky]] and [[Shostakovich]]...Hatred for our [[religion]] - hence the desire to destroy the [[Russian Orthodox Church]] and impose sanctions against its patriarch...And it has always been this way."<ref>https://tass.com/world/1458507</ref>}}
A new '''[[G8]]''' was created consisting of non-Western countries whose economies were not collapsing as a result of the Western self-imposed sanctions against Russia. The member countries are Brazil, China, India, Russia, Indonesia, Iran, Turkey and Mexico.
''[[The Hill]]'' reported on June 15, 2022, that Biden regime officials admitted Russian sanctions didn't work To stop Putin, worsened inflation and food insecurity, and punished ordinary people.<ref>https://youtu.be/t_3aUlcIvyU</ref>
Six months into the incursion, the Ukrainian economy had contracted 50%, defaulted on its debt, and faced a major [[hyperinflation]] crisis.
After a deal was reached to facilitate Ukrainian grain shipped from the Port of Odessa to the global south to alleviate [[famine]], the bulk of Ukrainian grain was shipped to Europe and not to [[Africa]].<ref>https://strategic-culture.org/news/2022/08/19/the-geopolitics-of-wheat-is-there-a-grain-of-truth-in-any-of-it/</ref>
By September 2022, Ukrainian [[unemployment]] hit 30%.
By February 24, 2023, the anniversary of the incursion into Ukraine, not only did Russia withstand the economic assault, but the sanctions boomeranged — hitting the very countries that imposed them.<ref>https://consortiumnews.com/2023/02/23/winning-losing-the-economic-war-over-ukraine/</ref> Joe Biden predicted that the U.S. would see that “the ruble will be reduced to rubble.” And that “the most stringent sanctions regime in history” was going to “weaken” Russia, perhaps even leading to Putin’s overthrow. In 2022 the ruble reached its highest exchange rate in history. Russia’s 2022 trade surplus of $227 billion was up 86 percent from 2021. The U.S.’ trade deficit over the same period rose 12.2 percent, and is approaching $1 trillion..<ref>[https://consortiumnews.com/2023/02/28/ukraine-the-tunnel-at-the-end-of-the-light/ Ukraine: The Tunnel at the End of the Light], Robert Freeman, February 28, 2023 ''Consortium News''.</ref>
===Fertilizers===
===Fertilizers===