The following information is vital for you to understand in order to prepare for the future. And that future should be considered to be starting today. Food, energy and housing costs will bankrupt the American working family. Government stimulus will only expedite these conditions as their goal to enslave the people continues at “warp” speed.
My advice is to ensure stable local communications and building a secure community. Personal relationships are vital to you and your family’s survival. Good luck.
David DeGerolamo
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Shippers Frantic After China’s Busiest Port Shuts Container Terminal Due To Covid
We recently discussed how already astronomical container shipping costs are set to rise even higher should China lock down one or more shipping terminals to contain the spread of the delta variant in provinces that have direct exposure to global commerce (“Shipping Rates From China To US Hit Record $20,000 With No Drop In Sight” and “Brace For Astronomical Shipping Costs As China Goes Into Lockdown Mode“) with Goldman Sachs explicitly warning that “port closures or stricter control measures at ports could also put further upward pressure on shipping costs, which are already very high.”
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“Worse Than The ’70s” – Schiff Stunned At Soaring Import/Export Prices
Import price inflation slowed again in July, falling from +11.3% YoY to +10.2% YoY (still high by any measure). However, export prices rebounded unexpectedly to +17.2% from +16.9% YoY ion June (and well beyind the +16.0% YoY expected)
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Plunging Crop Supplies Send Prices Soaring And Reignite Food Inflation Fears, WASDE Reports
The U.S. Department of Agriculture’s World Agricultural Supply and Demand Estimates (WASDE) report was released Thursday afternoon and pointed to declining grain supplies that sent grain futures prices higher and will keep food inflation in focus.
The closely watched supply and demand report slashed estimates for corn yields and stockpiles. World inventories for wheat were reported near a five-year low.
Grain and oilseed futures soared to a near-decade high earlier this year but have been in a holding pattern for the last month, awaiting new reports on the outlook for upcoming U.S. harvests. A megadrought and back-to-back heat waves have plagued the corn belt and the U.S. West for much of the summer.
Buy stuff that isn’t shipped in a container, i.e. buy American made (and hope that it wasn’t made with stuff that was shipped in a container).
Chinklandistan, I’m guessing, is banking on the US simply sucking it up and paying the exorbitant prices, most will, since practically everything is made there. But they my have stepped on their wanker too. Exorbitant shipping prices are a sure way to force people to buy local. Bringing demand and manufacturing back here. Now there just the quality issue to deal with.
If they control all the water, they control it all right?
My buddy worked for a company. It quadruple in beginning of covid (shipping container prcies) This is happening for sure
Kinda like controlling a banking industry, if own shipping
Looks like my 40+ years of prepping will finally pay off .
The only difference at this point between what happened 70 years ago and today, is that the pictures will be in color and there will be streaming video. Oh, and it will be 300 million Americans instead of 7 million Jews.
After seeing what has happened to our country is 7 months, I have zero hope that anything other than the absolute destruction of America and the death of nearly every ACTUAL American is in our future. The socialists/communists have learned very well from their mistakes and the mistakes of the NAZI’s. They won’t make them again.
How are those chains feeling right about now? They’re fixin’ to get a hell of a lot heavier. Can’t lift a gun if you can’t even carry your own chains.
Well, 80 years ago.