Look at that - US exports record amount of wheat in September (as other countries are stockpiling).
There IS no strategic grain reserve in the US - it was liquidated over a decade ago. Just like they’re draining the SPR now.
3+ mmt, to destinations China, Mexico, Philippines.
USA set up for incomprehensibly massive failure …
- iceagefarmer
#wheat
BY Ice Age Farmer
To pay the bills, Mr. Durov is issuing investors $1 billion to $1.5 billion of company debt, with the promise of discounted equity if the company eventually goes public, the people briefed on the plans said. He has also announced plans to start selling ads in public Telegram channels as soon as later this year, as well as offering other premium services for businesses and users.
The S&P 500 slumped 1.8% on Monday and Tuesday, thanks to China Evergrande, the Chinese property company that looks like it is ready to default on its more-than $300 billion in debt. Cries of the next Lehman Brothers—or maybe the next Silverado?—echoed through the canyons of Wall Street as investors prepared for the worst.
Ice Age Farmer from us