A confluence of circumstances has come together to create a “perfect storm” for global food production, and now that “perfect storm” is about to get even worse. For months I warned that this crisis was coming, and in recent weeks I have been documenting how dire conditions have already become all over the globe. The head of the UN World Food Program is warning that this is going to be the worst worldwide food crisis since World War II, and even Joe Biden is admitting that the approaching food shortages “are going to be real”. Unfortunately, there have been some new developments which threaten to significantly escalate things.
In recent days, the number of newly confirmed COVID cases in China has soared to record highs, and Chinese authorities have responded to this with unprecedented lockdowns.
As a result, almost 400 million Chinese are now “under full or partial lockdown”…
Nearly 400 million people across 45 cities in China are under full or partial lockdown as part of China’s strict zero-Covid policy. Together they represent 40%, or $7.2 trillion, of annual gross domestic product for the world’s second-largest economy, according to data from Nomura Holdings.
Analysts are ringing warning bells, but say investors aren’t properly assessing how serious the global economic fallout might be from these prolonged isolation orders.
Chinese lockdowns are a lot more brutal than lockdowns in the western world.
By now, you have probably seen video footage of Shanghai residents literally screaming from their apartment windows.
I have never seen anything like that before, and these lockdowns will continue as long as COVID keeps spreading.
To put this in perspective, the number of people that are currently locked down in China is greater than the total population of the United States.
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