How peculiar.
Infrared satellite imagery designed to measure moisture levels and the health of farmlands suggests that staple crops such as wheat are in poor condition and in sharp decline among major exporters including the Ukraine, the US and India. Two countries do have bumper crops so far though; namely Russia and China.
It is hard to say which governments and institutions monitor this data, but a few months ago a multitude of political leaders and global banks issued simultaneous warnings of a “global food shortage” and an impending crisis. Such institutions included the IMF, World Bank, the BIS and even the White House. So far, a perfect storm of stagflation, supply chain disruptions and poor weather conditions have combined to disrupt food production around the world.
Price inflation due to central bank stimulus measures has been enough to do incredible damage to the many national economies, but a single bad year for crops on top of this could spell disaster.
Satellite Imagery Shows Global Crop Declines – Except For Russia And China | ZeroHedge