Without the Urea and Sulfur coming from the Strait of Hormuz to SEA, India, and Africa they can't make Urea + Ammonia Nitrate (UAN) and they can't make Sulfuric Acid out of the sulfur to make things like DAP and MAP which are all essential fertilizers used globally. This combined with an el nino monsoon season will result in a significantly reduced yields come harvest time in September for rice and wheat. Imports are being further squeezed by a weak rupee which has lost nearly 20% of its value in the last 10 months which is drastically increasing the cost of imports as it takes more rupees to be converted into dollars.This will create a mass starvation event starting in India due to a lack of rice and then in Northern Africa due to a lack of wheat which are the two staple crops that are most affected by the loss of these specific fertilizers.India's planting season begins June 1st. Tens of millions of farmers will instantly go bankrupt at the start of harvest season in September as yields wont cover the cost of the diesel that it would take to harvest the fields all across SEA and India and parts of Africa. By mid September there will be a mad dash to leave for the United States and Canada and the airports will start charging 100, 200, $500,000 for a plane ticket to Texas as they have long since ran out of Jet Fuel. Then the airports will be burned down by rioters who are starving in the streets.As the option to fly is removed mass caravans will form consisting of Indians and Africans who will go by boat (if they can find the Diesel) and by foot through Africa until they reach Northern Africa in places like Libya where they will starve to death as they desperately attempt to breach the borders of places like Spain by the tens or even hundreds of millions which will create a massive crisis in Europe as the growing anti-immigrant right seizes power and begins a ruthless campaign of expelling the invaders at the gates!
>>534185286Not our problem. They move all their money into our stock market so we Americans still win.
Price of Wheat approaching all time high.
In 2007 when Crude hit 141 a barrel there were Food Riots in 56 countries that directly lead to the toppling of multiple governments.
As US oil exports hit record highs as the world desperately searches for a source of hydrocarbons to fill the gap, the US strategic reserve is being drained at an unprecedented rate making it unsustainable even short term.
US Debt exceeded 100% of GDP for the first time since World War II
>>534185645>In 2007 when Crude hit 141 a barrelYou're gonna have to go to 250 then given all the inflation since then
Hedge fund repo borrowing is skyrocketing up more than 100% since 2022.A rep borrow is when a hedge fund uses treasuries as collateral for a loan, and then that loan is often used in the stock market.Why is this a problem?US 10Y is sitting at 4.4%US 30Y is sitting at 5%If for some reason those hedge funds were forced to exit their trades this would trigger a sell off of over 3 Trillion dollars worth of treasuries which in itself would spiral into a bond market catastrophe. This same scenario occurred in 2019 and they created the covid scam as justification for printing trillions to inject into the markets which created rampant inflation.
