‘Chaos and collapse are spreading. Sri Lanka now has 2-3 days of bread left on store shelves, and both the government and the economy there are in a state of total collapse. Via DNAIndia.com:
All Ceylon Bakery Owners’ Association (ACBOA) on Sunday said that bakery products including bread will be emptied from the shelves in the next two or three days amid severe food shortage in the country.
ACBOA President NK Jayawardena said that bread may disappear from bakery shelves soon due to the prevalent fuel crisis and the shortage and price increase of all ingredients…
Meanwhile, a bank run is spreading across China as some of the country’s major banks announce a freeze on withdrawals, effectively declaring a “bail-in” scenario where people don’t get their money back. Via ZeroHedge:
A large crowd of angry Chinese bank depositors faced off with police Sunday in the city of Zhengzhou, and many were injured as they were taken away, amid the freezing of their deposits by some rural-based banks.
The banks froze millions of dollars worth of deposits in April, telling customers they were upgrading their internal systems. The banks have not issued any communication on the matter since, depositors said.
According to Chinese media the frozen deposits across the various local banks could be worth up to $1.5 billion and authorities are investigating the three banks.‘https://www.naturalnews.com/2022-07-12-china-bank-collapse-under-way-saudi-arabia-distances-from-the-petro-dollar-to-join-brics-monetary-order.html