Putin: How they created the food crisis

They keep blaming Russia for the food crisis. You as experts will know that the crisis started from the times of anti-pandemic measures, where some developed economies abused their monopoly power, in terms of currency monopolies.

They opened the printing press in the USA and printed 5.9 trillion dollars! This corresponds to 38% of all money in circulation

They printed them over two years, which is roughly the amount printed in the previous 40 years.

The same percentage. And in the Eurozone, they printed 2.5 trillion!

They released that money into the economy and distributed it to the world, which is not a bad thing in itself. We used a similar tactic.

But we were very careful, it was done in moderation so it didn't lead to such a wave of inflation.

Over there, anti-pandemic measures were financed by budget deficits, which led them to buy the entire amount of food supplies from world markets.

While in previous years, the US was a net exporter of food, it is now a net importer of food. They bought $17 billion more food than they sold.

What does this say? They made problems worse for developing/poor countries and stopped their own problems. This is the result of a monopoly of the reserve currencies, the dollar and the euro.

This started in late 2019, early 2020. Then the anti-Russian sanctions worsened the situation, they made a bunch of mistakes in the energy sector, gas prices went up, and access to gas is the foundation for a lot of fertilizer.

As fertilizer has become more expensive, we've seen companies close, particularly in Europe, and food prices have shot up further."