Engineered Economic Chaos, “Fake Shortages”. Collapse in Industrial Production/ By Prof Chossudovsky and Stew Peters

Whistleblower: Los Angeles Port Worker Says Shortages Are Fake!

By Prof Michel Chossudovsky and Stew Peters

Global Research, October 14, 2021

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The global economy is in crisis. The Covid-19 Lockdown policies have triggered a process of Worldwide economic destabilization which directly affects both “Supply” and “Demand” relations. It’s the most serious economic crisis in World history affecting simultaneously more than a 150 countries.

Worldwide, large sectors of industry, agriculture and urban services stand idle. The lockdown policies initiated in March 2020 have triggered bankruptcies and unemployment, which in turn have been conducive to a process of disengagement of human resources (labor) and productive assets from the economic landscape.

The freeze of air-travel, the contraction in international commodity trade in the course of 2020-2021 has also contributed to a massive decline in production and investment.

The Crisis in International Commodity Trade

The crisis in container trade has also led to major shortages in the availability of staple food commodities such as rice, sugar, soya beans, etc. which in turn has triggered inflationary hikes at the retail level. India, which is the second largest exporter of sugar experienced a collapse of approximately 80% in its sugar exports.

Shortage in the Availability of Semi-conductors  

The automobile industry experienced a decline in production of 15% in 2000. The evidence suggest a much larger decline in 2021, largely affecting production in Japan, South Korea and China.

This decline has been accentuated by a shortage in the availability of semi-conductors:

“Automakers, which rely on dozens of chips to build a single vehicle, have been particularly hard hit, forced to halt production lines globally as they await chip supplies. The debacle is likely to cost the auto industry $450 billion in global sales … In September 2021 Toyota was forced to slash production at 14 factories in Japan over a lack of semiconductors. Some of the cuts will continue into October due to a lack of components from Southeast Asia, Toyota has said.” (Washington Post, September 2021)

Engineered chaos in industrial production? From one day to the the next Japan’s automobile industry is in crisis.

Semiconductors constitute a strategic commodity, used in a variety of sectors including electronics, medical devices, electronic and communications networks etc.

There are indications of possible manipulations, which have led to artificial shortages of semiconductors affecting a number of key sectors of the global economy.

There are geopolitical implications. The World’s largest semiconductor producer is Taiwan Semiconductor Manufacturing Company (TSMC).

From the very outset of the Covid Crisis in January 2020, the Big Money elites have been involved in the broader process of manipulation of financial, commodity and energy markets as well as the disruption of  air transportation. (For details, see Michel Chossudovsky’s E Book, Chapters IV, V, XIII)

This diabolical plan from the outset has been to bankrupt entire sectors of the “Real Economy” with a view to subsequently restructuring and appropriated productive assets. According to F. William Engdahl:

The price of energy from all sources conventional is exploding globally. Far from accidental, it is a well-orchestrated plan to collapse the industrial world economy that has already been weakened dramatically by almost two years of ridiculous covid quarantine and related measures.

View this important report by Stew Peters, which confirms that shortages are being created deliberately.


An anonymous worker from the Port of Los Angeles came forward on “The Stew Peters Show” to confirm what we have all suspected.


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Featured image is from Port Technology

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Copyright © Prof Michel Chossudovsky and Stew Peters, Global Research, 2021