Disruption
of the supply chain in economic meltdown
Excerpt
from Extinction Radio, March 29, 2015
Listen
as Host Kevin Hester and Guy discuss what will occur with disruption
of the supply chain.
Expert
Explains In Detail How The Next Shock Will Shatter The Global Economy
7
August, 2012
The
eurozone is on a path
into a deep recession. As one of the largest and most
advanced economies in the world, its centrality to a system of
highly-interconnected global supply chains is taken for granted.David
Korowicz, a physicist and human-systems ecologist, recently authored
a lengthy 78-page white paper titled: “Trade-Off:
Financial System Supply-Chain Cross-Contagion: a study in global
systemic collapse.”
It
explores the increasing systemic risk brewing in the global financial
and trade systems. Using complex systems analysis, he explains how
within weeks of the next major economic shock, like a major bank
failure or a country exiting the eurozone, contagion would quickly
spread through global supply chains, causing an “irreversible
global economic collapse.”
Korowicz
warns that in the next crisis, “neither wealth nor geography is a
protection. Our evolved co-dependencies mean that we are all in
this together.”
We
read the paper and boiled it down to its key points.
Ancient
Native American tribes produced a few hundred 'cultural
artifacts'--the physical things around you--while today's New Yorkers
produce tens of billions of such artifacts.
In
2005, there were 2 billion connected devices. Five years later, that
number had tripled to 6 billion, and it's expected that by 2015 the
number will be 16 billion.
Supply
chain interactions--as parts are manufactured and put together into
bigger parts of even bigger goods and so on--are in the tens of
billions.
To read Korowicz's paper GO HERE
David Korowicz interviewed
David
Korowicz - The Centre Cannot Hold
It is time to revisit what Michael Rupert said nine years ago
Collectively
speaking, most Americans take for granted the system in place to
deliver essential supplies to their area. “The system,”
an underlying infrastructure that keeps goods, services and
commerce in America flowing creates a sense of normalcy and order.
Food, water, gasoline and medications are just a few of the
items restocked weekly in order for our dependent society to maintain
a steady flow. What many fail to grasp is just how fragile the system
is and just how quickly it can collapse.....
A very important article from Nafeez Ahmed
The DoD program was funded under the overarching authority of a number of US military agencies.
Even an advisor to ex-PM Gordon Brown is telling people to prepare for breakdown
Stock
up on canned food for stock market crash, warns former Gordon Brown
adviser
A
former adviser to Gordon Brown has urged people to stock up on canned
goods and bottled water as stock markets around the world slide.
24
August, 2015
Damian
McBride appeared to suggest that the stock market dip could lead to
civil disorder or other situations where it would be unreasonable for
someone to leave the house.
“Advice
on the looming crash, No.1: get hard cash in a safe place now; don't
assume banks & cashpoints will be open, or bank cards will work,”
he tweeted.
“Crash
advice No.2: do you have enough bottled water, tinned goods &
other essentials at home to live a month indoors? If not, get
shopping.
“Crash
advice No.3: agree a rally point with your loved ones in case
transport and communication gets cut off; somewhere you can all head
to.”
Mr
McBride credited his former boss Gordon Brown with preventing a
cataclysm by nationalising the banking system during the 2008 crash.
“We
were close enough in 2008 (if the bank bailout hadn't worked),” he
said. “and what's coming is on 20 times that scale”.
Financial
markets are unstable and periodically suffer crises which can have
devastating consequences for the wider economy.
The
Shanghai Composite Index, China’s most important stock market
index, was down 8.45 per cent, erasing a year’s gains in a day’s
trading.
The
FTSE100 fell 4.5 per cent, hoping £60bn off the price of UK shares,
and the Dow Jones in the US fell by over a thousand points in its
first minute of trading.
Some
analysts have suggested that the stock market slide could be the
start of a new global financial crisis
Mr
McBride’s suggestions about stocking up on canned goods, setting
rally points and stocking up on bottled water were ridiculed by some
users on Twitter as over the top, however.
Mr
McBride was special adviser to Gordon Brown and head of
communications at the Treasury for a period during the last Labour
government.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.