‘Ukraine war is economic catastrophe, warns World Bank’


COGwriter

The BBC reported the following:

Ukraine war is economic catastrophe, warns World Bank

4 March 2022

The war in Ukraine is “a catastrophe” for the world which will cut global economic growth, the president of the World Bank has told the BBC.

“The war in Ukraine comes at a bad time for the world because inflation was already rising,” said David Malpass.

He stressed his biggest concern is “about the pure human loss of lives” that is occurring.

Thousands of civilians and soldiers are thought to have been killed by the fighting.

Mr Malpass said the economic impact of the war stretches beyond Ukraine’s borders, and the rises in global energy prices in particular “hit the poor the most, as does inflation”.

Food prices have also been pushed up by the war, and “are a very real consideration and problem for people in poor countries”. …

Mr Malpass points out that both Russia and Ukraine are big food producers. … The two countries also account for 28.9% of global wheat exports according to JP Morgan. Wheat prices on the Chicago future exchange have been trading at 14-year highs. …

“There’s no way to adjust quickly enough to the loss of supply from Ukraine and from Russia, and so that adds to prices,” said Mr Malpass.

He says the same is true of Russian energy supplies, and it is particularly damaging for western Europe, where governments have “neglected other aspects of how to have enough electricity”. About 39% of the EU’s electricity comes from power stations that burn fossil fuels, and Russia is the biggest source of that oil and gas. https://www.bbc.com/news/business-60610537

Yes, the world will be affected and people will suffer.

And with punitive  financial sanctions from the West, people in Russia will suffer.

But today, Russia and Hungary announced steps to help keep food for their people:

March 4, 2022

Those who have it, are no longer giving it away, and those that don’t will soon find themselves in the middle of an epic food crisis.

Just hours after we reported that Russia effectively banned exports of fertilizers, moments ago Hungary – one of Europe’s most grain rich nations – has circled the wagons and realizing which way the wind is blowing, just announced that it will banning all grain exports effective immediately, in a statement .

Expect wheat prices, already at record highs, to promptly double from here in the next few weeks as the world realizes the extent of the global food crisis that is coming. https://www.zerohedge.com/commodities/russia-recommends-fertilizer-makers-halt-all-exports

As far as Ukraine goes, people have been killed, buildings destroyed, and many are fleeing.

Civilians suffer as Ukraine war rages on

As Russia’s assault on Ukraine continues, civilians are scrambling to flee the country. Others are holed up in bomb shelters and even subway stations. 02/26/22 https://www.dw.com/en/civilians-suffer-as-ukraine-war-rages-on/g-60928092

Jesus warned of a time of wars, rumors of war, and famines (Matthew 24:4-8).

There are many ramifications of the war between Russia and Ukraine.

Ukraine reportedly supplies about 5% of the world’s food. Unless the situation there changes very soon, it will supply a lot less, plus need a higher percentage of what it produces to feed itself. That will also increase food prices.

Furthermore, we have already seen food inflation. Last October, the Continuing Church of God (CCOG) put out the following video on our Bible News Prophecy YouTube channel related to that:

12:03

Food Inflation & the 3rd Horseman of the Apocalypse

The Wall Street Journal, Reuters, UN’s FAO, and others are reporting food price inflation as well as often selected shortages of some food items. Might it get worse? Did Jesus prophesy famines? One analyst stated, “WE haven’t seen anything yet” in regards to rising food prices. Should Christians prepare? What about helping others? Does the ride of the third horseman of the Apocalypse (Revelation 6:5-6) point to a coming time of severe food inflation. Is more food price inflation coming? Dr. Thiel addresses these issues and more in this video.

Here is a link to the video: Food Inflation & the 3rd Horseman of the Apocalypse.

The Book of Revelation has the following about two of the four horsemen of the Apocalypse:

3 When He opened the second seal, I heard the second living creature saying, “Come and see.” 4 Another horse, fiery red, went out. And it was granted to the one who sat on it to take peace from the earth, and that people should kill one another; and there was given to him a great sword.

5 When He opened the third seal, I heard the third living creature say, “Come and see.” So I looked, and behold, a black horse, and he who sat on it had a pair of scales in his hand. 6 And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.” (Revelation 6:3-6)

Consider that the opening of the second seal (Revelation 6:3-4) is to result in less peace on the Earth.

While this is commonly called the red horse (or horseman) of war, that is not quite what is stated. Notice that he “takes peace from the earth AND that people should kill one another.” Could it be that events in 2020, such as COVID-19 are consistent with taking “peace from the earth”? The literal Greek here for “peace” (εἰρήνην transliterated as eirēnēn) in Revelation 6 can be interpreted to mean taking away prosperity as well (see BibleHub.com). COVID-19 has, to a degree, done that. People are afraid or at least uneasy to a degree we have not seen around the world anytime in the 21st century.

Around the world people are AFRAID. The feeling of normalcy is gone for many around the globe. Consider that the travel restrictions are basically because of fear (and often politics). The media and government officials are saying everything will not go back to how it was and that we need to accept what they have called “the new normal.” Speculatively, could this be related to the opening of the second seal?

Not since World War II have we seen anything affect the entire planet so much. Now, in Ukraine there is not peace. Reverberations are being felt around the world and especially in Europe. In Europe we are seeing major shifts in attitudes about increasing military spending (e.g. ‘Germany commits 100 billion euros to new armed forces fund’) and becoming more unified (see Ukraine invasion causing ‘historic shift’ towards European unity and militarization).

We are also seeing food inflation. There will also be economic and other troubles.

These items are consistent with the wars, rumors of war, famines, and troubles that Jesus warned would be part of the beginning of sorrows:

7 But when you hear of wars and rumors of wars, do not be troubled; for such things must happen, but the end is not yet. 8 For nation will rise against nation, and kingdom against kingdom. And there will be earthquakes in various places, and there will be famines and troubles. These are the beginnings of sorrows. (Mark 13:7-8).

There will be many ramifications about what is going on in Ukraine.

Although Ukraine’s President Zelenksy said yesterday that “The end of the world has arrived” (https://news.yahoo.com/zelenky-ukraine-russia-end-of-the-world-180049216.html), Jesus in Mark 13:7 said the end was not yet.

However, we are getting much closer to it.

Some items of related interest may include the following:

Russia and Ukraine: Their Origins and Prophesied Future Russia in prophecy. Where do the Russians come from? What about those in the Ukraine? What is prophesied for Russia and its allies? What will they do to the Europeans that supported the Beast in the end? There is also a video sermon available: Russia in the Bible and in Prophecy as are two video sermonettes Russia, Ukraine, Babylonian Europe, and Prophecy and Ukraine in Prophecy?
Is Russia the King of the North? Some claim it is. But what does the Bible teach? Here is a link to a video, also titled Is Russia the King of the North?
Ezekiel 38: For Russia & Iran in Our Day? Is Ezekiel 38 about to be fulfilled? Are we close to the battle with Gog and Magog? Four related videos are available: Ezekiel 38 Gog and Magog War: Is it Soon?, Ezekiel 38: For Russia, Ukraine, & Iran Now?, Russia, Iran, Syria, & the Bible (Code), and Gog, Magog, Vladimir Putin, and Ezekiel 38?
The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold? A video of related interest may be: Germany, Gold, and the US Dollar.
Gentile Cryptocurrency Proposal Two Russian leaders have called for a BRICS-wide and/or EAEU-wide cryptocurrency. This is hoped to be used to replace the US dollar for international trade. BRICS stands for Brazil, Russia, India, China, and South Africa. The BRICS nations represent 3.6 billion people. The EAEU includes Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan. Will Gentiles rise up? Are there any prophetic ramifications of what these nations are looking to do? This is a video.
USA in Prophecy: The Strongest Fortresses Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does. Two related sermon are available: Identifying the USA and its Destruction in Prophecy and Do these 7 prophesies point to the end of the USA?
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin? A related sermon is also available: The Bible, the USA, and the King of the West.
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2028 or or 2031 or 20xx? There is also a video titled 6000 Years: When will God’s Kingdom Come? Here is a link to the article in Spanish: ¿Tiene Dios un plan de 6,000 años?
Might the U.S.A. Be Gone by 2028? Are there prophetic reasons to believe that the USA will not last two complete presidential terms? Yes. There is a tradition attributed to the Hebrew prophet Elijah that humanity had 6,000 years to live before being replaced by God’s Kingdom. There are scriptures, writings in the Talmud, early Christian teachings that support this. Also, even certain Hindu writings support it. Here is a link to a related video: Is the USA prophesied to be destroyed by 2028? In Spanish: Seran los Estados Unidos Destruidos en el 2028?
The Great Tribulation: What Happens First? What events have happened? What are some events that are now happening? And what events need to happen for the Great Tribulation to start? Here is a link to a related sermon video: Counting Down to the Great Tribulation. Here is a video in the Spanish language: Contando los eventos y el inicio de la Gran Tribulación.
When Will the Great Tribulation Begin? 2022, 2023, or 2024? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede la Gran Tribulación comenzar en el 2020 o 2021? ¿Es el Tiempo de los Gentiles? A related video is: Great Tribulation: 2026 or 2027? A shorter video is: Can the Great Tribulation start in 2022 or 2023? Here is a video in the Spanish language: Es El 2021 el año de La Gran Tribulación o el Grande Reseteo Financiero.

Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation.
Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations? Some claim that these passages refer to a gathering of 10 currently existing nations together, while one group teaches that this is referring to 11 nations getting together. Is that what Revelation 17:12-13 refers to? The ramifications of misunderstanding this are enormous. A related sermon is titled Ten Kings of Revelation and the Great Tribulation.



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