This document was brought to my attention by a good friend (thank you Stella)- one that I would have missed in the madness that this past two weeks has been chaotically lost in, lol.
This, my friends, is NOTICE. Lloyds of London is putting it all out in black and white, as notice. The insurance industry is the biggest scam ever created- even bigger than the idea of "derivatives" and "leveraging" and its impact is directly related to both. When the Insurance companies are running out of things to insure, they have to create a "need" else where so that they can continue to perpetuate their fraud. This is clearly seen in Zerohedges article:
This, my friends, is NOTICE. Lloyds of London is putting it all out in black and white, as notice. The insurance industry is the biggest scam ever created- even bigger than the idea of "derivatives" and "leveraging" and its impact is directly related to both. When the Insurance companies are running out of things to insure, they have to create a "need" else where so that they can continue to perpetuate their fraud. This is clearly seen in Zerohedges article:
Wall Streets Next Bonanza: Subprime Marriage-Backed SecuritiesI have posted the entire PDF of Lloyds Emerging Risk Report – 2015: Food System Shock Below. please share this information around as it is more important than most of the crap the MSM is putting out there- this is the NOTICE that is being handed to us.The last crash was caused by reckless investments in subprime mortgage-backed securities, an ingenious way to repackage and redistribute staggering amounts of credit risk to unsuspecting investors. After losing their house and their money, some investors may take comfort in their enduring marital relationships.Unfortunately, marriage is one of the riskiest bets of all, which makes it a prime, or should I say "subprime" target for Wall Streets masters of innovation.....If marriage insurance sales take off, its only a matter of time before Wall Street repackages it and sells it to investors via subprime marriage-backed securities. A boom in marriage speculation would ensue. Did you see your neighbor with his mistress last night? Buy some MBS credit default swaps on him and tell his wife what you saw. Is your other neighbor away from home a lot? Buy some MBS insurance on his wife, seduce her, and when they get divorced, you can cash in. Consider it "inside her" trading. Does it sound preposterous? Its not any crazier than buying credit default swaps on poor peoples mortgages and making $15 billion when they become homeless. Remember, everything is fair in the "free market."
"There is a pressing need to reduce the uncertainty surrounding the impacts of an extreme shock to the food supply. Sudden disruptions to the supply chain could reduce the global food supply and trigger a spike in food prices, leading to substantial knock-on effects for businesses and societies. The food system’s existing vulnerability to systemic shocks is being exacerbated by factors such as climate change, water stress, ongoing globalisation, and heightening political instability
Lloyd’s commissioned the development of a scenario of extreme shock to global food production in order to explore the implications for insurance and risk.Experts in the field of food security and the economics of sustainable development were asked to develop a scenario describing a plausible, relatively severe production shock affecting multiple agricultural commodities and regions, and to describe the cascade of events that could result. ....
A shock to the global food supply could trigger significant claims across multiple classes of insurance, including (but not limited to) terrorism and political violence, political risk, business interruption, marine and aviation, agriculture, environmental liability, and product liability and recall. These losses could be compounded by the potential for a food system shock to last for many years; and the ability of insurers to pay claims quickly is expected to be an important factor in post-shock recovery. More broadly, the insurance industry may also be affected by impacts on investment income and the global regulatory and business environment.
The insurance industry is in a position to make an important contribution to improving the resilience and sustainability of the global food system. As businesses become increasingly aware of the threat posed by food system disruption, they may invest more heavily in comprehensive risk transfer structures, and a severe shock could motivate individuals and businesses to address gaps in their risk management. As such, global food supply shock could also represent a substantial opportunity for insurers, who will have a key role in assisting clients to understand their risk exposure and to tailor appropriate risk transfer solutions.
Scenarios are an important method of exploring emerging risks; they are not predictions or forecasts. The following scenario is simply one of a multitude of events that could occur. When the scenario considers actions or events by individual governments or individuals within specific countries, it is not stating that Lloyd’s is predicting that the events will occur. Many of the comments are based on events that have occurred in the past – either in the countries mentioned or extrapolated from other regions. However, individual countries are only named specifically to give realism to the event and allow appropriately detailed calculations to be made – events could occur in different countries or not at all, and to illustrate this some alternative scenarios are provided. Lloyd’s firmly believes that the insurance industry will be stronger by considering a variety of scenarios around mega-risks, and the only way to do this consistently is to give sufficient detail. This has long been the approach within the Lloyd’s Realistic Disaster Scenario process. Lloyd’s has chosen to share this work openly because it believes that a debate within the insurance industry, and beyond, will strengthen the global community
LLoyd's Emerging Risk Report – 2015: Food System Shock
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