Financial system supply-chain cross contagion – a study in global systemic collapse

As we watch the US banking system totter and begin to collapse, like the proverbial Jenga stack, we need to consider the implications this has for the global financial system and its supply chains.
I’ll begin with the stellar work of David Korowicz published on June 17, 2012  

Overview

“This study considers the relationship between a global systemic banking, monetary and solvency crisis and its implications for the real-time flow of goods and services in the globalised economy. It outlines how contagion in the financial system could set off semi-autonomous contagion in supply-chains globally, even where buyers and sellers are linked by solvency, sound money and bank intermediation. The cross-contagion between the financial system and trade/production networks is mutually reinforcing.”

“It is argued that in order to understand systemic risk in the globalised economy, account must be taken of how growing complexity (interconnectedness, interdependence and the speed of processes), the de-localisation of production and concentration within key pillars of the globalised economy have magnified global vulnerability and opened up the possibility of a rapid and large-scale collapse. ‘Collapse’ in this sense means the irreversible loss of socio-economic complexity which fundamentally transforms the nature of the economy. These crucial issues have not been recognised by policy-makers nor are they reflected in economic thinking or modelling.” Financial system supply-chain cross contagion – a study in global systemic collapse

Edge of Extinction: Disruption of Supply Chain

“By 2027 the world could be facing a 214 trillion calorie deficit, says Sara Menker, founder and chief executive of Gro Intelligence, an agricultural data technology company.”
Published in 2018, do the math: We Have Five Years To Save Ourselves From Climate Change, Harvard Scientist Says”
So which goes first? The Supply Chain or the Food?

When not if Industrial Civilisation collapses we lose the “Aerosol Masking Effect” as pointed out by one of my readers in the comments section below, hence this edit on March 15th.
“The impact of the aerosol masking effect has been greatly underestimated, as pointed out in an 8 February 2019 article in Science. As indicated by the lead author of this paper on 25 January 2019: “Global efforts to improve air quality by developing cleaner fuels and burning less coal could end up harming our planet by reducing the number of aerosols in the atmosphere, and by doing so, diminishing aerosols’ cooling ability to offset global warming.”

https://kevinhester.live/2016/06/17/global-dimming-keeping-the-planet-habitable/

As the ongoing collapse unfolds as always, I’ll add additional links and information below in the comments section. Feel free to do the same, make yourself part of the story.

About Kevin Hester

I'm an anti-imperialist, environmental activist and blue ocean sailor, who is passionate about the earth and all it's inhabitants without favour. Brace for imminent impact as we bare witness to the non-linear unraveling of the biosphere and habitability disappearing for most if not all complex life on the only habitable planet we know of. To quote President Niinistö in North Russia: ‘If We Lose the Arctic, We Lose the World’. Folks we have lost the Arctic.