Letters of Credit and The Disruption of International Trade: Systemic Risk, Contagion and Trade Finance
Letters of Credit and The Disruption of International Trade: Systemic Risk, Contagion and Trade Finance
If cargo trade stops, the wheat doesn’t get exported. If the wheat doesn’t get exported, the mill has nothing to grind into flour. If there is no flour, the bakeries and food processors can’t produce bread and pasta and other foods. If there are no foods shipped from the bakeries and factories, there are no foods in the shops. If there are no foods in the shops, people go hungry. If people go hungry their children go hungry. When children go hungry, people riot and governments fall.
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