Particularly good background for contextualising the situation around Egypt's withdrawal from the United Nations Grains Trade Convention (GTC) agreement

For a pretty detailed study on Egypt's agriculture situation:

https://ecommons.cornell.edu/bitstream/handle/1813/34322/mwd24.pdf;jsessionid=9BD9D4D783B41C78074A2B50522752F2?sequence=1

20 more US banks are sitting on huge bond losses, at least 10 are bankrupt applicants - Financial info website, Marketwatch.

Only the powerful are lied to

UAE exercises the leverage they have built

https://thecradle.co/article-view/22464

Biden's deceptive "billionaire tax"

“Biden has proposed to double the economic support fund to crisis-hit Pakistan to USD 82 million for fiscal 2024 to help its recovery from devastating floods, diversify the energy supply, & support activities to build emergency preparedness capabilities.”

Following the China-brokered Saudi Arabia-Iran deal, he is worried

Protests in Moldova against the government over the high cost of utility bills. While these protests may well be genuine, as I have mentioned, the US is interested in both exaggerating the severity of the opposition and in characterising it as Russian-orchestrated. They have a vested interest in social unrest in Moldova which they can portray as a threat to democracy originating in the Kremlin. It should also be acknowledged that Russia may indeed be involved in stoking protest. At any given event, there are likely operatives from both countries' intelligence services, each pursuing their own agendas

EU Parliament votes for the mandatory renovation of "old buildings" to save energy — estimated 35 million buildings are affected across Europe, SPIEGEL reports.

The "climate-neutral conversion" of buildings could cost 254 billion euros in Germany alone (kfW). Spiegel writes that tenants and owners will have to pay for this first and foremost.


Read: society-wide property seizures...

Kenya signs oil deals with ADNOC and Saudi Aramco to curb foreign exchange pressure

Kenya has signed deals with UAE's ADNOC and Saudi Aramco for the supply of petroleum products with a six months credit period, energy minister said on Monday.

This move designed to curb demand for dollars that has weakened the local currency. Kenya is switching to the longer payment period from settlement on delivery, to remove the need for importers to spend hundreds of millions of dollars every month.

Foreign currency traders have cast doubt on the ability of the plan to stem the pressure on the shilling currency, saying it merely amounts to a postponement of demand.

French police spraying tear gas on homeless people....just because.

Collate this with the news about an impending tsunami of property seizures across the EU.

In Germany, due to rising prices for raw materials and energy, a production that was more than 600 years old went bankrupt.

The ironworks Eisenwerk Erla GmbH was first mentioned in documents in 1380. During its history, the company survived the Reformation (1517), the Thirty Years' War (1618 - 1648), the Northern War (1700 - 1721), the First and Second World Wars, the division and unification of Germany.

“Germany has easily survived the rejection of Russian energy and is no longer dependent on Russian gas, oil and coal supplies,” said Olaf Scholz, March 5, 2023.

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Saudi Arabia will cut oil supply of nations that impose price cap: Energy Minister
Read: https://ift.tt/9l6OP5F

It is going to take me some time to gather my thoughts on the Iran-Saudi deal. In fact, I don't think it is possible to cover all of the ramifications in one video or article...this is going to be ongoing. Suffice it to say, it is of monumental importance.

I fear more for Latin American and African leaders who act independently. For Latin America, the US has a long practice of atrocious brutality to keep their grip on the hemisphere, and in Africa, frankly, they do not see them as worthy human beings — they still have the slave master mentality. In Africa, this will be the last bastion of manufactured Islamic terrorism

Saudi-Iran Deal

Indonesian President Joko Widodo urged regional administrations to abandon foreign payment systems such as Visa and Mastercard and start using credit cards issued by local banks in case the situation with the ban on these cards in Russia due to sanctions repeats. This was reported by the Jakarta Post

Zimbabwe Poised To Ditch Dollar In Trade With Russia — Official

The central banks of Russia and Zimbabwe should establish settlements in local currencies and look at opportunities for securing trade in gold reserves, the speaker of the Zimbabwean ruling party ZANU-PF, Christopher Mutsvangwa, told RIA Novosti on Wednesday.

The official noted that the southern African country has been under Western sanctions for 22 years, adding that curbs imposed on Russia should not handicap trade between the two countries.

Earlier this year, Russian Foreign Minister Sergey Lavrov announced that Russia and countries in Africa were developing a cooperation strategy to replace the US dollar and the euro in settlements, adding that the parties were preparing documents on rearranging the mechanism of cooperation under Western sanctions.

Iran agrees to stop arming Houthis in Yemen as part of the China-brokered deal with Saudi Arabia — WSJ