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Category: Collapse

Dutch Greenhouses Go Dark As Energy Crisis Worsens; Food Inflation Fears Mount For Europe

Dutch Greenhouses Go Dark As Energy Crisis Worsens; Food Inflation Fears Mount For Europe

Zero Hedge, 2 October, 2021 Soaring European gas and electricity prices are getting worse by the day, forcing a vast network of Dutch glasshouses, the largest on the continent, to limit output or go entirely dark, according to Bloomberg. This could have a devastating impact on food supplies and boost prices ahead of the holiday season.  The Netherlands has become an agricultural giant and is the world’s second-largest exporter of food by value, primarily thanks to its 25,000 acres of…

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US Postal Service suspends mail deliveries to NZ

US Postal Service suspends mail deliveries to NZ

USPS said on its website that it was temporarily suspending international mail acceptance for a number of destinations. Photo / AP By RNZ The United States Postal Service (USPS) has suspended mail deliveries to New Zealand because of an unavailability of transportation. The USPS said on its website it was temporarily suspending international mail acceptance for a number of destinations. It said this was because of “impacts related to the Covid-19 pandemic and other unrelated service disruptions”. New Zealand and 21…

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Bank of America “Down” – No Account Access, No Transfers, No ATM’s

Bank of America “Down” – No Account Access, No Transfers, No ATM’s

Hal Turner, 1 October, 2021   Bank of America is having computer troubles; BIG troubles.  Account holders cannot login to their accounts, cannot deposit or transfer money and ATM’s are reportedly closed as well. Account holders are freaking-out online, making very terse remarks in comments at DownDetector.com, such as these: Moreover, today being the first of the month, many account holders have to pay rent, and find they cannot! It is not known at this time if the collapse of…

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European Gas Hits A Record 100 Euros As Russian Gas Flows Collapse By 77%

European Gas Hits A Record 100 Euros As Russian Gas Flows Collapse By 77%

Zero Hedge, 1 October, 2021 While Russia would never admit it, Putin is slowly but surely tightening the screws on Europe’s hyperinflating energy prices just as China told the world it will buy every source of energy that is not nailed down. On Friday, front-month European nat gas (Dutch TTF) briefly soared to a record 100 euros before retreating, at the as China stepped up a global fight for energy supplies, ordering top energy companies to secure energy supplies “at…

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Warnings of ‘global transport systems collapse’

Warnings of ‘global transport systems collapse’

International shipping workers warn of ‘global transport systems collapse’ unless pandemic restrictions on trade and movement are quickly lifted Shipping workers warned Wednesday that transport systems verge on collapse Letter issued by coalition of international unions described dire conditions Restrictions and delays imposed by pandemic protocols are delaying shipments Workers ask for sane protocols and easier access to vaccinations Supply chain crunch threatens to derail the busy holiday shopping season  Daily Mail, 30 September, 2021 A coalition of unions that…

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China Power Crunch Could Force Global Food Prices Even Higher

China Power Crunch Could Force Global Food Prices Even Higher

Zero Hedge, 30 September, 2021 Global food prices climbed back to near-decade highs in early September, reviving concerns about inflationary pressures. A newly emerging risk that many have missed and could catapult food prices even higher this fall/winter is China’s difficult harvest season as power curbs hurt the outlook for production, according to Bloomberg.  Autumn harvest has begun for the world’s second-largest economy amid power constraints in at least 20 Chinese provinces and regions, making up more than 66% of the country’s GDP. Some of these regions are industrial…

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China’s “Evergrande” Misses SECOND Interest Payment on U.S. Bond Debt

China’s “Evergrande” Misses SECOND Interest Payment on U.S. Bond Debt

Hal Turner, 30 September, 2021   This could be the biggest story of the day, week, month and the year…if not the decade. Posting some quotes below. Evergrande is HUGE, HUGE and HUGE. They owe $1.95 TRILLION and can no longer make the interest payments a mere $300 BILLION of their debts. They are approximately 5-6 times the size of Lehman Brothers, which almost took down the entire worldwide financial system in 2008-09. Evergrande’s collapse can no longer be avoided…

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The energy crisis deepens

The energy crisis deepens

China requests emergency power from Russia as coal shortages leave cities without electricity & factories grind to a standstill Beijing has reportedly asked one of Russia’s largest power companies to step up its exports of electricity to China after days of brownouts blamed on scarce supplies of coal caused chaos across the world’s most populous country. On Wednesday, the Inter RAO energy conglomerate revealed that it had received a request from authorities in the East Asian nation to help relieve…

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