The economic sanctions that have been imposed on Russia by western powers are really going to hurt.  But they aren’t just going to hurt the Russians.  The measures that are now being implemented are going to be quite a shock for the entire global economic system, and all of us will be affected.  Energy prices will be going much higher, food prices will be going much higher, and the sanctions are going to cause chaos in the financial world for months to come.  Of course things were already starting to get really crazy even before the war began, but now our problems are really going to start to accelerate.

On Tuesday, Kamala Harris made a guest appearance on a radio show, and during that interview she was asked to explain the crisis in Ukraine.

This is how she responded…

Appearing on The Morning Hustle, the vice president was asked to ‘break it down in layman’s terms for people who don’t understand what’s going on and how can this directly affect the people of the United States.’

Harris broke it down: ‘Russia is a bigger country. Russia is a powerful country. Russia decided to invade a smaller country called Ukraine so basically that’s wrong.’

Kamala Harris breaks down what is happening between Ukraine and Russia:
“Ukraine is a country in Europe. It exists next to another country called Russia. Russia is a bigger country. Russia is a powerful country. Russia decided to invade a smaller country called Ukraine.” pic.twitter.com/XDe5e20gKy

— The Post Millennial (@TPostMillennial) March 1, 2022

It is frightening to think that Harris may soon be forced to take over for Joe Biden due to his failing health.

The Biden administration and other western powers have decided to punish the Russians by imposing economic sanctions on them.

Some have mocked the sanctions, but the truth is that they are definitely going to hurt the Russians.

For example, the value of the Russian ruble has already fallen so low that one ruble is now worth less than a “Robux”…

Due to international sanctions against Russia, the ruble has tumbled in value—so far, in fact, it’s now worth less than a Robux. That’s really bad news for the ruble, because the Robux is a video game currency that’s mostly meaningful only to children.

Roblox, also known as “that game your kids play that looks like Minecraft but isn’t,” has been around for over a decade. But with an explosion of at-home players during the pandemic, it’s gone from fad to phenomenon, now boasting more than 100 million active players. It’s so popular that its virtual currency value, which can in fact be converted back into US dollars, is now worth approximately $.0125, which is more than the Russian Federation’s ruble.

That is crazy.

As the ruble has collapsed, Russians have formed extremely long lines at ATMs all around the country…

Long lines began forming at ATMs on Sunday as Russians braced for the ruble’s collapse by attempting to withdraw foreign currency. The trend occurred amid fears that banks will began limiting cash withdrawals — or that credit and debit cards could stop functioning entirely.

“I’ve stood in lines for an hour, but foreign currency is gone everywhere, just rubles,” Vladimir, a 28-year-old programmer who waited online at an ATM in Moscow, told Bloomberg. “I got a late start because I didn’t think this was possible. I’m in shock.”

We are witnessing a full-blown financial panic in Russia right now, and things aren’t going to get any better any time soon.

And JPMorgan is projecting that the Russian economy as a whole will contract by 20 percent on a quarter over quarter basis…

JPMorgan told clients in a research note reviewed by FOX Business on Monday that sanctions announced against Russia could have a “severe” impact on the country’s economy.

“We tentatively assume that Russia’s economy will contract 20% [quarter-over-quarter], saar, in 2Q, and for the year around 3.5%. But the margin of error for any such guesstimate is incredibly high at this point, and risks are skewed heavily to the downside,” the note reads. “

Obviously the western powers want to make things painful enough for the Russian people that they will start to turn against the war.

But these sanctions aren’t just going to hurt the Russians.

Western financial institutions are holding lots of Russian debt.  Now that the Russian government, Russian banks and Russian corporations are being sanctioned, they could very easily decide to fight back by not repaying those debts.

Needless to say, that could cause some rather immense problems.

Meanwhile, energy prices are going to escalate to absolutely frightening levels.  At one point on Tuesday, West Texas Intermediate crude futures were selling for $106.78 per barrel, but that could be a bargain price compared to what is coming.

Because even though the U.S. and western powers explicitly avoided including Russian energy in their sanctions, many in the energy industry are choosing to boycott Russia anyway…

While in their unprecedented broadside of sanctions on Russia, the U.S. and Western allies went out of their way to spare Russian energy shipments and keep economies humming and voters warm, the oil market has gone on strike anyway. Acting as if energy were already in the crosshairs of Western sanctions officials, refiners have balked at buying Russian oil and banks are refusing to finance shipments of Russian commodities, the WSJ reports citing traders, oil executives and bankers.

This self-imposed embargo which has effectively halted a majority of Russian oil shipments, threatens to drive up energy prices globally by removing a gusher of oil from a market that was tight even before the Russian invasion of Ukraine.

Unfortunately, energy supplies were already very tight even before the war started.

If Russian oil continues to be rejected, we are being warned that this could shortly result in “much, much higher oil prices”…

“The market is starting to fail,” a trader at a major commodities trading house told the WSJ, which is a problem because with Russia exporting roughly 5 mmb/d, the oil market – already extremely tight – could find itself in a historic supply shortage in just a few days, and will need massive demand destruction, read much, much higher oil prices, to stabilize as Goldman wrote over the weekend.

Of course a much higher price for oil will be felt throughout our economy in thousands of different ways.

For example, just about everything that we buy has to be transported, and transporting goods takes energy.

Inflation has already started to spiral out of control in the United States, and it appears that the worst is definitely still to come.

Earlier today, I was stunned to learn that Colgate-Palmolive is warning us to get ready for a “$10 tube of toothpaste”…

Get ready for the $10 tube of toothpaste.

Colgate-Palmolive Co (CL.N) CEO Noel Wallace said last week at an industry conference that the household goods maker sees its new Optic White Pro Series toothpaste as the type of premium product “vital” to its ability to raise prices, which will help drive profit growth this year.

Can you imagine paying 10 dollars for a tube of toothpaste?

I can’t.

The price of food is going to be rising aggressively as well.

Wheat futures shot up more than 5 percent on Tuesday alone, and one industry insider is warning that some wheat farmers in Ukraine may not grow any crops at all this year…

“This could not come have come in the worse time,” said Robb MacKie, president and CEO of American Bakers Association.

With wheat prices already on the rise, the conflict abroad is placing even more pressure on a still ailing supply chain. Russia is the top exporter or wheat, while Ukraine is in the top 5. The two counties compete in export markets like Egypt, Turkey, and Bangladesh.

“Depending on how this comes out and how long it goes, wheat farmers [in Ukraine] may not be able to plant spring wheat, corn and other things. So, they might go a year without any crops,” MacKie added.

Collectively, Russia and Ukraine normally account for about 29 percent of all global wheat exports.

And considering the fact that we were already entering a global food crisis even before the war started, we really need that output.

If a solution to this conflict cannot be found soon, one expert is telling us that “wheat will need to be rationed”…

“If the conflict is prolonged — three months, four months from now — I feel the consequences could be really serious,” Andree Defois, president of consultant Strategie Grains, told Bloomberg. “Wheat will need to be rationed.”

I truly hope that you grasp the implications of that statement.

This is beyond serious.

We really are facing a global food crisis that is unlike anything that we have seen since World War II, but of course the global population is far larger today than it was back then.

The months ahead are going to be painful for all of us, and our leaders should be very honest about this.

Because our leaders could have avoided this crisis very easily, but now we have crossed a point of no return.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, “Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

There can be a lot of confusion when it comes to what to do post-nuclear attack. Odds are that you…

This article %Why Preppers Need Potassium Iodide (Iodine) for Nuclear Fallout% appeared first on %SHTF Blog – Modern Survival%.

A lot of people ask themselves, “What should I stockpile for economic collapse?”

Here are 9 must-have items you should always have with you as you prepare for what will happen if the economy collapses.

RELATED: Survival Economic Collapse: 16 Practical Ways to Survive an Economic Crisis

What Should I Stockpile for Economic Collapse | The Complete Guide

1. Water

What should I stockpile for economic collapse?? Water is perhaps the most important resource to have during any emergency.

Before an economic collapse or any other natural disaster, make sure to stockpile a few gallons of water for you and your family.

Keep at least one gallon of water per person per day. Stockpile enough water that will last for at least a week. This should give you enough time to think of other methods of collecting water later on.

If you plan on living off-grid after an economic meltdown, there are a ton of other ways you can collect water. If you have access to surface water, for example, you can just collect it in buckets.

Other alternatives during an emergency like this are to create a rainwater collection system or to retrofit a well with a hand pump.

2. Food

Next to water, food is the most important resource to stockpile. When stocking food, make sure to choose canned goods and other food items that will last for at least a few months. This often includes staples like beans, rice, wheat, oats, freeze-dried food, and many more.

Before going shopping, take into account the individual preferences of the members of your household. This will help make sure that morale is kept high should an economic collapse happen.

Take note of any food allergies as well. During an emergency like this, the last thing you want is someone needing to be rushed to the hospital because of an allergic reaction that could have been avoided.

Finally, once you’re done shopping, keep a list of the items in your food storage and their corresponding expiry dates. Rotate out any food items that may be nearing expiry and use them in your kitchen. Replace these items as needed so you know that your stock is always fresh.

3. Emergency Kit Items

An emergency kit should have at least the following items inside it:

• A first aid kit
• Light sources like matches and flashlights
• Batteries
• Insect repellants
• Prescription medicines and other over-the-counter medicines
• Radio

Make sure to keep all these together in one easy-to-carry container. This will come in handy when you and your family find the need to move to a different location.

Additionally, keep a list of special medications your family might need. Stock up on these early. In dire situations, pharmacies are often the ones that run out of supplies first.

4. Cash and Budget

In an economic meltdown, always remember the saying, “Cash is king.” Crises like these often mean that even the largest banks can go out of business. If the economy collapses, your savings may just go down the drain with these big businesses.

Avoid this by keeping a few thousand bucks in cash ready. If possible, store it in an envelope and place it inside a safe at home. This should help make sure that in a worst-case scenario, you’ll still have the resources you need to purchases some essentials.

Additionally, prepare a budget. Make a list of the items you will spend that cash on. As much as possible, limit the spending of this cash to absolute essentials and emergencies. Stockpile your other needs early on so that they no longer need to be a part of the budget you will make.

5. Hygiene Items

Another one in the “what should I stockpile for economic collapse” list is hygiene items. They don’t just keep you from smelling bad but also help make sure that you stay clean.

Emergencies like these may mean that you’ll have to get down on the ground and get your hands dirty. Do not risk catching some disease by keeping things around you clean.

Some of these items include:

• Soap and shampoo
• Toothbrushes and toothpaste
• Dishwashing liquid
• Detergent
• Plastic bags
• Feminine hygiene

RELATED: Protecting Your Money in an Economic Decline

6. Fuel

Needless to say, in an economic crisis, gas prices go through the roof. Avoid having to spend a million dollars on gas by stocking up on this valuable resource early on.

Gas is useful in a lot of situations. It can come in useful for when the power goes out and you have to run the generator. It will also come in handy in case you and your family have to move to a different location.

As early as now, fossil fuel supplies are already drying up and renewable energy resources are not yet as widely used as they should be. Make sure to store enough fuel early on for these needs.

7. Valuable Tools

Some basic tools can make a big difference when it comes to your ability to provide for the needs of your family during an economic meltdown. The time to get them is now while you still have the resources and while they are still available.

A complete toolbox should be the first thing on your checklist. Make sure it has all the handyman tools you need for general home and auto repairs. These items include hammers, nails, screwdrivers, screws, saws, utility knives, tape measures, pliers, glue, and many more.

Gardening tools are also must-haves if you are going to survive an economic meltdown. They will come in handy when you find the need to start homesteading so you can grow your food.

Some essential gardening tools include shovels, rakes, pruners, trowels, wheelbarrows, and more.

8. Self-defense Items

Economic crises can bring out the worst in people. It may force some to do undesirable things just so they can survive. This is especially true for the unprepared.

Make sure that you are equipped to protect yourself and your family by keeping your home secure. As much as possible, do not go broadcasting to the world how well-prepared you are for the crisis. You do not want to attract the attention of those with bad intentions.

Have alarm systems in place as well. These systems can contact your local authorities should someone enter your home without your permission.

If need be, equip yourself and members of your family who are old enough with weapons. Make sure that they are trained to use these weapons. Emphasize to them that they are to be used only when necessary.

Additionally, have an emergency plan in place for your family. This plan should be designed specifically for situations like these. Make sure that everyone understands where to go and what to do if someone unwanted tries to enter your home.

9. Knowledge and Skills

Your mind just might be your biggest asset in a situation like this. Make sure to stockpile as much survival knowledge and skills before an emergency happens.

If you can, stockpile books that tell you exactly how to deal with different kinds of emergencies. Of course, it is better as well if you can read them all well before the emergency happens.

Learn basic skills like making repairs to your home, fixing cars, homesteading, and many more.

These things will all come in handy should you and your family decide that living off-grid is the best course of action.

If you’re still wondering whether you really need to answer the question, “What should I stockpile for economic collapse?” then check out this video courtesy of FREENVESTING and find out:



A lot of people ask, “What should I stockpile for economic collapse?” Make sure you look at our list of items to have in your emergency stash so you and your family are prepared to survive any of these emergencies.

Note: There is a poll embedded within this post, please visit the site to participate in this post’s poll.

“What should I stockpile for economic collapse? What other preparations should I make?” Ask all your questions in the comments section below! 

Up Next:

• Ways to Prepare for Economic Collapse | 12 Things You Should Do
• The Modern Economic Survival Mindset [PODCAST]
• 17 Preparedness Things You Need to Buy | What to Buy Every Month of the Year

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