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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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.
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“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
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Emmanuel Macron
QUELLE HORREUR!! The French Government Has Just Been Toppled By The Far Right And Far Left, Where Does This Leave Our ‘Man Of Sin’ Emmanuel Macron?
Is this the end for Emmanuel Macron? French president facing calls to RESIGN after gov collapses & he’s left looking for 6th PM
For nearly 8 years, NTEB has been tagging French president Emmanuel Macron for the spot of the biblical ‘man of sin’ for reasons laid out in our article on him being the Assyrian. At multiple junctures during this period, Macron has been brought to the brink of ruin time and time again, only to rise up from the ashes more powerful than he was before. Yesterday in France, the people who populate the rather lengthy list of his enemies conspired together to topple the French government, and down it has come. What happens now?
“O Assyrian, the rod of mine anger, and the staff in their hand is mine indignation.” Isaiah 10:5 (KJB)
Not being a prophet and possessing zero psychic ability, I can only guess like all of you can, but I will say this. There is ‘something special’ about Emmanuel Macron, and I think he will figure this very dire situation out in short order. But even if he does not, he will not be at the ‘end of the road’ as I feel he is foreordained to ‘higher office’. Right now, 64% of French citizens want Macron out, but I am betting he is not fazed in the least. Emmanuel Macron is a man of destiny, and he will come up with the answers. He always does. Besides, being president of France is only the first step.
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French President Emmanuel Macron is clinging onto power after another damaging political blow saw his government left in disarray.
FROM THE SUN US: His government collapsed last night after a historic vote of no-confidence was passed against Prime Minister Michel Barnier in the National Assembly. Macron is now on the hunt for his sixth PM during his stint as president but it comes amid calls for him to ultimately resign. The president has constantly vowed to serve out his term until 2027 despite his political rivals now calling for him to step down immediately.
The deputy of the far-left La France Insoumise party, Manuel Bompard, claimed today that Macron must leave to regain a sense of stability in Paris.
He told RTL France: “We are facing a situation of instability. I do not see, given the configuration of the National Assembly and the inability to compromise, a stable situation emerging.”
He also warned the next PM that they are walking into a poisoned seat. Bompard is adamant that another Macron ally shouldn’t be gifted the prestigious role like before as all it does is reinforce France’s “democratic problem”.
Far-right leader Marine Le Pen has also blasted Macron for failing to step aside and says he is going to “sacrifice the fate of France because of his vanity”.
Outgoing Barnier has already met with Macron today and is expected to formally announce his resignation later today. The 73-year-old former EU Brexit negotiator was only appointed in September – making him the shortest serving prime minister in French history.
Macron is also due to address the nation in a televised speech, according to the Elysee presidential palace.
The latest polls out of Paris say the people feel they are entering a period of politics that is incapable of ever moving forwards under a Macron government. Almost two-thirds of French citizens say they are in favour of him handing in his resignation, according to a Toluna-Harris survey for RTL. A staggering 64 per cent of respondents agreed Macron should step aside immediately. READ MORE
France’s Macron to address nation day after no-confidence vote topples government
One day after the National Assembly ousted Prime Minister Michel Barnier, French President Emmanuel Macron announced plans to address the country on Thursday.
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
BLITZKREIG! Germany Is Preparing To Reactivate Their World War 2 Bomb Shelters To Protect Their Citizens As NATO Warns Of Coming ‘Wartime Scenario’
Germany is drawing up a list of bunkers that could provide emergency shelter for civilians, with NATO warning at a time of rising tensions with Russia.
Donald Trump still has 56 days until he is sworn in as president of the United States, and by that time, he could easily be assassinated or World War 3 could be underway. A top NATO military official on Monday urged businesses to be prepared for a wartime scenario and adjust their production and distribution lines accordingly, in order to be less vulnerable to blackmail from countries such as Russia and China. Starmer in the UK and Emmanuel Macron in France are preparing to send in ground troops to Ukraine.
“The words of his mouth were smoother than butter, but war was in his heart: his words were softer than oil, yet were they drawn swords.” Psalm 55:21 (KJB)
Remember back in the days right before the lockdowns? Everyone was whispering that something might be coming, could be coming, and then – WHAMMO!! – there it was. How long have we been doing the same with this seemingly inevitable buildup to World War 3 we’ve been watching and are watching unfold right now? The US Federal Emergency Management Agency has released a spine-chilling survival guide for a nuclear attack amid the escalating Ukraine conflict and intensifying Middle Eastern disputes. Echoing Cold War-era preparedness, the agency’s updated advice aims to shield Americans from the horrors of a nuclear explosion. World War 3 is absolutely coming, it’s only a question of when.
Germany draws up list of bunkers amid Russia tensions as NATO warns
FROM THE GUARDIAN UK: The list would include underground train stations and car parks as well as state buildings and private properties, a ministry spokesperson said. A digital directory of bunkers and emergency shelters will be drawn up so people can find them quickly using a planned phone app. People would also be encouraged to create protective shelters in their homes by converting basements and garages, the spokesperson told a press briefing.
He declined to give a timetable, saying it was a big project that would take some time, involving the Office of Civil Protection and Disaster Assistance and other authorities.
The country of 84 million people has 579 bunkers, mostly from the second world war and the cold war era, which can provide shelter for 480,000 people, down from about 2,000 bunkers previously.
The spokesperson said the key points of the plan were agreed at a conference of senior officials in June and a special group was looking into it.
Since Russia’s full-scale invasion of Ukraine in 2022, concerns have been growing about Moscow’s potential to target other NATO members. In October, German intelligence chiefs warned that Russia would probably be capable of launching an attack on the military alliance by 2030. German officials say the country is already experiencing a sharp rise in Russian spying and sabotage activities. Last week the Russian president, Vladimir Putin, said the conflict in Ukraine had characteristics of a “global” war and he did not rule out strikes on western countries. READ MORE
America is falling apart as World War 3 beckons
Europe is preparing for World War 3
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
Flush With Cash From The Biden Administration, Ukraine Is Now Saying They Have The Capability To Produce A ‘Homemade Nuke’ To Fight Russia With
Ukraine has the resources and expertise to indigenously produce a large quantity of nuclear weapons at short notice if it was forced to do so, a briefing document meant for top government figures allegedly says, a report states.
Today, Biden administration Secretary of State Antony Blinken talked, bragged actually, about the massive amount of money the United States is planning on funneling, some would say laundering, to Ukraine in their endless war with Russia. It’s already at $8.5 billion since September, with many more billions to follow. What is Ukraine doing with that money? Making homemade nuclear bombs to attack Russia with.
“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 west and NATO continue to do this funny, little dance that draws us ever closer to WWIII, not the least of which is a proxy war being waged through Ukraine against Russia. If Ukraine actually starts building ‘homemade nukes’ it can only end in disaster. The fact that the outgoing Biden administration is bragging about the obscene amounts of money being given to Ukraine, in light of the very sparse support for Americans after things like hurricanes and floods, is beyond appalling. This is one of the main reasons why Donald Trump won in a landslide, to return some sense of normalcy to Washington, if such a thing can actually be done. There are still another 67 days left in the Biden administration, and they can still do a lot of damage.
Ukraine Believes it Can Build its Own Nuclear Bombs From Spent Fuel Rods in Months: Report
FROM BREITBART NEWS: A briefing produced for the Ukrainian defence ministry allegedly explaining to policy makers that the country could rapidly develop rudimentary nuclear bombs from spent fuel rods and long-range ballistic missiles to carry them states this could be achieved in just months.
Claimed as an exclusive by The Times of London, the document is presented by the newspaper as illustrating a potential backstop for the country to defend itself from the Russian Federation if the United States under a Trump Presidency withdrew military support. President Trump has made clear he wishes to bring peace to Europe quickly, but has not yet revealed how. Many of the options open to him do not align with the official Kyiv policy as the only acceptable end to the war being total victory over Russia.
Antony Blinken: “Every dollar (billions) we have at our disposal will be pushed out the door to Ukraine between now and January 20th.” This while FEMA is telling workers to not assist Trump supporters devastated by the last hurricane in Florida. pic.twitter.com/52taC3RyfP
— Now The End Begins (@NowTheEndBegins) November 14, 2024
The paper cites key lines from the report, written for the Ukraine government’s Centre for Army, Conversion and Disarmament Studies by Oleksii Yizhak, a senior leader at the National Institute for Strategic Studies, also a government think tank, both of which work in an official capacity advising the Presidency of Ukraine. It allegedly notes: “Creating a simple atomic bomb, as the United States did within the framework of the Manhattan Project, would not be a difficult task 80 years later”.
“I was surprised by the reverence the United States has for Russia’s nuclear threat. It may have cost us the war… They treat nuclear weapons as some kind of God. So perhaps it is also time for us to pray to this God.”
The degree to which the briefing was solely meant for the illumination of top Ukrainian cabinet ministers — given the dissemination of key paragraphs in a widely-read English newspaper — or is partly intended as a veiled threat to both Moscow and Washington D.C., is naturally hard to immediately ascertain. Certainly, the Ukrainian government communicated a rebuttal overnight, stating the country was bound by a nuclear non-proliferation treaty. Yet this denial came without addressing the actual points in the briefing that the authors believe the country has legal grounds to unilaterally withdraw from those obligations, given it could claim other partners haven’t honoured it.
Whatever the truth, it is certain that the emergence of a new rogue nuclear state willing to use unsophisticated, low-yield nuclear weapons in Eastern Europe to defend its sovereignty from an aggressor would be not well received by Western capitals, and least of all by European nations threatened by drifting fallout clouds. 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
THE BIG STORY
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END TIMES
CHRISLAM
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