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   


“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

The Modern Economy, Civilisation, Complexity & Collapse – David Korowicz

“Last year, vials of the decades-old chemotherapy drug fludarabine could be purchased for a wholesale price of around $110. Not so much anymore.”

“This year, one company—Areva Pharmaceuticals—has jacked the figure up to $2,736, Stat News reports.” 

“What’s going on with the aging chemotherapy used to prepare patients for cancer treatment?
It all comes down to supply chain problems triggering shortages that affect the only other two suppliers of the drug in the United States—Teva and Fresenius Kabi.” Drug shortages aren’t going away any time soon, supply chain expert warns
The link above courtesy of David Ferraro author of the The Collapse Chronicle

In the video discussion below, recorded seven years ago between Professor Guy McPherson and myself we discuss the tenuous state of the supply chain.

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.”

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.

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.

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20 comments on “Financial system supply-chain cross contagion – a study in global systemic collapse
  1. FrankC says:

    And the kicker is the loss of aerosol masking, visitation by el nino, feedback loops, etc. etc.?

    Liked by 1 person

  2. Kevin Hester says:

    Brits…can’t get…vegetables. Not in the modern sense, anyways. Major British supermarkets are now…LOL…rationing vegetables.


  3. I guess I still cannot comment so I’ll just have to GIVE UP!

    Liked by 1 person

  4. Kevin Hester says:

    Fascinating times until the shit that has already hit the fan smacks us in the face.


  5. Kevin Hester says:

    “We are in the beginning of a debt crisis in the U.S., we are only in the first few innings,” says Dr. Nouriel Roubini, co-founder and chairman of Roubini Global Economics & Professor Emeritus of the Stern School of Business of New York University. “It’s very likely the Fed will pivot with the implied risk of a financial meltdown,” he tells Daniela Cambone. “There is a doom loop occurring and the Fed is in a position where they will be damned if they do and damned if they don’t raise rates,” Roubini continues. “The real economy and financial economy are contradicting each other, and the government created a mess of too much debt and now it becomes another leverage cycle all over again,” he exclaims. “The Fed has been doing backdoor QE and the financial system is reckless… everything was in a bubble 2 years ago,” Roubini continues. “Even in a mild recession, the S&P is going to fall between 30% and 50% and gold has upside in this environment,” he says. “We are in a geopolitical depression, Israel is getting ready to potentially strike Iran and cold war between U.S. and China may soon become a hot war,” Roubini states. “There is only a certain amount of time before something happens in Taiwan, we are living in a world of geopolitical depression,” he concludes.


  6. FrankC says:

    Ok Kevin, will check out documentary,thanks

    Liked by 1 person

  7. Kevin Hester says:

    Credit Suisse’s name keeps popping up 🙂


  8. Kevin Hester says:

    “We’re in for a series of financial crises that are going to be up there with history’s biggest, if not exceed them. Call them the Mother of All Financial Crises.”


  9. Kevin Hester says:

    Ben Norton
    “The US Federal Reserve printed $300 billion in a week to save collapsing banks and bail out Silicon Valley oligarchs.
    93% of Silicon Valley Bank’s deposits were uninsured, over the FDIC limit of $250,000, but the government still paid them.
    56% of SVB’s loans went to venture capitalist and private equity firms.
    In this article and video, I explain the shocking details of what should be an enormous scandal:


  10. Kevin Hester says:

    “Let’s fast-forward nearly four years to an article published August 8th, 2022 in Australia’s leading daily newspaper, The Sydney Morning Herald. Titled, ‘We’re in trouble’: Australia risks food insecurity, expert warns, the article from more than eight months ago includes this line, quoted from the Australian Security Leaders Climate Group: “Only about five days’ worth of perishable food exists in the supply chain at any given time.”


  11. Kevin Hester says:

    “With an abnegation of moral hazard, the long-term value of the dollar doesn’t stand a chance.”
    Rome fell in very similar circumstances.
    A combination of delusional, disconnected, exploitative rulers debasing the currency.
    One major difference is this iteration of Rome burning has nukes to complicate things.


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Kevin Hester

Kevin Hester is currently living on Rakino Island, a small island in the Hauraki Gulf near Auckland, New Zealand, monitoring the unravelling of the biosphere and volunteering at the Rakino Island Nursery is currently developing a proposal to create a marine reserve near by. The Island has no grid tied electricity or reticulated water.  I catch my own water from the roof and generate my electricity from the ample solar radiation on the island.

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