Ezekiel 33:6 But if the watchman see the sword come, and blow not the trumpet, and the people be not warned; if the sword come, and take any person from among them, he is taken away in his iniquity; but his blood will I require at the watchman’s hand.
Pray for the leaders of the world.
1 Timothy 2:1 I exhort therefore, that, first of all, supplications, prayers, intercessions, and giving of thanks, be made for all men;
1 Timothy 2:2 For kings, and for all that are in authority; that we may lead a quiet and peaceable life in all godliness and honesty.
1 Timothy 2:3 For this is good and acceptable in the sight of God our Saviour;
1 Timothy 2:4 Who will have all men to be saved, and to come unto the knowledge of the truth.
Even before Putin’s troops invaded Ukraine, the global economy was straining under a range of burdens including inflation, and shortages caused by supply chains.
The Ukraine crisis both magnified each threat and complicated the potential solutions. Raising gas prices have caused what economists call “demand destruction” among industrial enterprises, like fertilizer makers, that use a lot of gas and have now slashed production.
Farmers are paying more to run machinery and buy fertilizer. The world’s unexpectedly robust recovery from the pandemic recession left companies scrambling to find enough raw materials and components to produce goods to meet surging customer demand.
Overwhelmed factories, ports and freight yards have meant shortages, shipping delays and higher prices. Russia and Ukraine together produce 70% of the world’s neon, critical in the making of semiconductors.
That is especially worrisome because the world, and automakers in particular, are already enduring a shortage of computer chips.
Russia and Ukraine together supply 13% of the world’s titanium, which is used to make passenger jets and 30% of the palladium, which goes into cars, cellphones and dental fillings. Russia also is a major producer of nickel, used to produce electric car batteries and steel.
Ukraine and Russia account for 30% of the world’s exports of wheat, 19% of corn and 80% of sunflower oil, which is used in food processing.
Much of the Russian and Ukrainian bounty goes to poor, unstable countries like Yemen and Libya. “Wheat, corn, oils, barley, flour are extremely important to food security,” Nagurney said, “especially in the poorer parts of the globe.’’
The fighting and sanctions that have disrupted Russia trade with the global economy threaten to send prices ever higher, especially for energy.
Luke 21:9 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 21:11 And great earthquakes shall be in divers places, and famines, and diseases; and fearful sights and great signs shall there be from heaven.
Luke 21:25 And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity; the sea and the waves roaring;
Luke 21:28 And when these things begin to come to pass, then look up, and lift up your heads; for your redemption draweth nigh.
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