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Day: October 11, 2021

Shortages globallly as global collapse accelerates

Shortages globallly as global collapse accelerates

Lebanon plunged into darkness, India faces rolling blackouts, NYC pharmacy shelves BARE as global collapse accelerates, leading to rolling blackouts across the USA (Natural News) Retail shelves at CVS, Walgreens and Duane Reade stores are now “virtually bare” in NYC, warns the UK Daily Mail in a Sunday news story. “Shelves in pharmacies across New York City have been left nearly barren because supplies are not getting through amid an ongoing global squeeze,” the paper reports, citing collapse of the global supply…

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“Catastrophic” Property Sales Mean China’s Worst Case Scenario Is Now In Play

“Catastrophic” Property Sales Mean China’s Worst Case Scenario Is Now In Play

ZeroHedge 10 October, 2021 No matter how the Evergrande drama plays out – whether it culminates with an uncontrolled, chaotic default and/or distressed asset sale liquidation, a controlled restructuring where bondholders get some compensation, or with Beijing blinking and bailing out the core pillar of China’s housing market – remember that Evergrande is just a symptom of the trends that have whipsawed China’s property market in the past year, which has seen significant contraction as a result of Beijing policies…

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China Coal Futures Hit Record High As Mines Flood; Worsening Power Shortages Hit Rust Belt 

China Coal Futures Hit Record High As Mines Flood; Worsening Power Shortages Hit Rust Belt 

Zero Hedge, 11 October, 2021 China’s top coal-producing region has been devastated by torrential rains and flooding this past week. About 9% of the coal mines in Shanxi province, an area responsible for producing 30% of China’s supply, have closed operations. The direct effect of this has been a spike in coal futures. Heavy rainfall flooded Shanxi over the weekend. More than 120,000 people have been evacuated, and 60 of the 682 coal mines in the province have been closed….

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Shortages of COFFEE

Shortages of COFFEE

I woke up to this from Hal Turner The coffee supply (we don’t farm coffee in North America) is collapsing in America. Huge container ships cannot off load their coffee and coffee spoils very quickly in the heat and is now turning rancid. More than a million mega-bags (100 pound bags of beans) of coffee have been ruined. There is an emergency effort being considered to try to salvage what they can via a water off-load but it is unsure…

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