by Tyler Durden at ZeroHedge
Update(15:55ET): Nothing to see here… only the President of the United States speaking at an emergency summit of NATO heads making somewhat overly casual sounding references regarding likely massive energy and food shortages…
“It’s going to be real,” Biden said at a news conference in Brussels. “The price of the sanctions is not just imposed upon Russia. It’s imposed upon an awful lot of countries as well, including European countries and our country as well.”
Pres. Biden warns that food shortages are “going to be real,” saying the U.S. is working with European partners to end trade limitations on sending food abroad to help alleviate supply issues caused by Russian sanctions. https://t.co/GPN1kQDMMj pic.twitter.com/0nuN0LMfve
— ABC News Politics (@ABCPolitics) March 24, 2022
As Bloomberg observes, “Ukraine and Russia are both major producers of wheat, in particular, and Kyiv’s government has already warned that the country’s planting and harvest have been severely disrupted by the war.”
And The Federalist’s Sean Davis aptly summarizes where things stand…
“We’re about to face massive energy and food shortages, and Biden’s solution is to ban drilling and put expensive and inefficient solar panels and windmills on what’s left of American farmland that hasn’t been bought up by China or BlackRock,” he wrote on Twitter.
Meanwhile, below are Biden’s comments on China, coming after the formal NATO statement published Thursday:…
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