Quote from: Richy_T on Today at 03:08:37 AM

Quote from: Hueristic on Today at 02:16:05 AM

Two dams in China's Inner Mongolia collapse after torrential rain

https://www.reuters.com/world/china/two-dams-chinas-inner-mongolia-collapse-after-torrential-rain-2021-07-19/

I actually heard of a third slightly before I posted but although I found quite a few references to it, I couldn't find a good primary source. If it happened, it's near Zhenghou City.

Obviously the humanitarian side of things is pretty bad but it could be a mixed bag for Bitcoin and stocks. There is also talk that the three gorges dam might be under increased pressure and if that fails, it would affect China's major industrial area and could threaten 100 million people (I don't have much solid on this though).

Looks like this guy called it a year ago.

https://www.reuters.com/article/us-china-weather-floods-dams/dam-collapse-in-china-could-point-to-a-black-swan-disaster-idUSKCN24N047

Quote

July 21, 2020 9:11 PMUpdated a year ago
Dam collapse in China could point to a 'black swan' disaster

By Ryan Woo

5 Min Read
YANGSHUO, China (Reuters) - The dam at a small reservoir in China’s Guangxi region gave way last month after days of heavy rain in a collapse that could be a harbinger of sterner tests for many of the country’s 94,000 aging dams as the weather gets more extreme.

Damn that article was a year ago to the day yesterday.