Wayland, Michigan, USA. Thanks for stopping by!
So, we rise from the rubble...
Thursday, March 28, 2024
"At Last..."
“At last, the answer why. The lesson that had been so hard to find, so difficult to learn, came quick and clear and simple. The reason for problems is to overcome them. Why, that’s the very nature of man, I thought, to press past limits, to prove his freedom. It isn’t the challenge that faces us, that determines who we are and what we are becoming, but the way we meet the challenge, whether we toss a match at the wreck or work our way through it, step by step, to freedom.”
- Richard Bach, “Nothing by Chance”
Bill Bonner, "Don't Cry for Argentina...Just Yet"
"Don't Cry for Argentina...Just Yet"
Milei's remarkable progress at the end of the world...
by Bill Bonner
“The case of Argentina is an empirical demonstration that no matter how rich you may be... if measures are adopted that hinder the free functioning of markets, competition, price systems, trade and ownership of private property, the only possible fate is poverty.”
~ Javier Milei
Dublin, Ireland - "Argentina…down at the bottom of the world…upside down in almost every respect. But it is also the home of the world’s most interesting and most promising political/economic experiment. Governments follow the ‘institutional imperative,’ along with everything else. They grow…they expand…they take more and more of the nation’s resources…and their elites become more parasitic. But eventually…they ‘hit bottom.’
If you’ll recall, over the 75 years or so since the socialists (Peronists) won power, Argentina had seen pointless wars…2,000% inflation…mass murder…insurrection…and social and political chaos. It had also dropped from around 6th or 7th place among the world’s richest nations down to, currently, 65th place, behind Kazakhstan and Bulgaria. Argentinians, in the 1960s, had about 40% of Americans’ wealth per capita. Now, they have barely half that much.
‘La Motosierra’: We have a hypothesis. As the weight of government debt and resource misallocation becomes heavier…its elites become more corrupt and incompetent…and real output goes down. Sooner or later, there’s little juice left in the orange. In the case of the Soviet Union, the elite saw that they could get more wealth and power by taking up new careers as oligarchs rather than continuing as government functionaries.
In Argentina, too, many of the ruling elites must have thought it was time to let capitalism rebuild the country’s wealth; that way, there will be something to steal later on. Besides, the Argentine people themselves were ready for a change.
Javier Milei campaigned for president with a chainsaw in his hands…vowing to cut out all unnecessary expenses and state-granted privileges. It looked like a stunt. And many people thought his campaign pledge would end up in the huge Library Of Unfilled Promises, along with so many others.
But Milei is not a typical politician. He sees government through the unsympathetic eyes of Hayek, Rothbard…or Ron Paul. As he told the movers and shakers at Davos, the ‘values of the West’ are in danger. And the path – towards more and more government control of the economy and the society – ‘inevitably leads to socialism…and therefore to poverty.’
Remarkable Progress: Milei promised to free the economy from the fetters that keep it from operating properyl, and, crucially, to reduce the cost of government. His main aim is to get rid of deficits, which force the government to print additional money and cause prices to rise.
Last year the ‘fiscal deficit’ was about 5%. For reference, in the US it was over 6%. The difference is that investors will still lend to the US at reasonable rates. And the US can ‘print’ any money it needs to pay off creditors. Argentina can’t. Nobody wanted to lend to the gauchos and get paid back in pesos. So Argentina borrowed in dollars and became the IMF’s largest debtor. It can’t print dollars. So now, it needs to raise more dollars on the open market to stay current with its debt.
It’s not going to be easy. But so far, Milei has made remarkable progress. He has proposed a balanced budget – reducing the 5% deficit down to zero. Unfortunately, he does not control the legislature; it will be a challenge to get the politicians on board with his program.
The End of the World: Even so, after just 100 days in office, the inflation rate has apparently been cut in half. Chris Wood reports: "CPI inflation has already slowed from a peak of 25.5% MoM in December to 13.2% MoM in February." Joel sees it in the shops: "Now, stores and restaurants – which literally couldn’t ticket items on menus and upon shelves a few months ago, with prices changing by the day – are suddenly awash with discount signs and 2x1 specials."
Our daughter, meanwhile, offers a sobering personal insight. Inflation is moderating, but many prices are still just now catching up: "I got my hair done in Salta last month for 5,000 pesos. This month, it cost me 10,000. (About $9 US)."
It will not be smooth sailing for Milei. The ship is still headed for the bridge. So far, he’s slowed it down. And pointed the way to a safe passage. But it will not turn easily or immediately. Stay tuned."
Dan, I Allegedly, "Never Ignore These Warnings"
Full screen recommended.
Dan, I Allegedly, AM 3/28/24
"Never Ignore These Warnings"
"We are diving deep into the alarming trend of loan denial and Insurance claims denied/ These warnings are signaling an economic crisis looming on the horizon. Plus we are seeing lenders turn people down at a rate of almost 50%. Big problems."
Comments here:
"A Much Needed Interlude From Reality"
"A Much Needed Interlude From Reality"
This is some of the most incredibly beautiful work
I've ever seen. Multiple pages, sound on.
View here, full screen:
o
Hat tip to DBG for this material!
"World War III Prelude: Geopolitics 3/28/24"
Full screen recommended.
"Douglas Macgregor Shock Revelation:
The Dark Agenda Behind the Ukraine Conflict - The Untold Story!"
"Dive into the hidden truths behind the global power play as Douglas Macgregor unveils deep and previously undisclosed analysis of the Ukraine conflict, Putin's real strategy, and the shadowy financial games at play. This revelatory interview uncovers the intricate web of geopolitical strategies, the manipulation of media narratives, and the stark realities of global financial dominance that have been kept from public knowledge. Prepare for a journey into the depths of global politics and power struggles where the stakes are higher than ever before, and the truths more startling."
Comments here:
o
Scott Ritter, AM 3/28/24
"Ukraine's Army is Done and Destroyed;
Terrorist Attack in Moscow"
Comments here:
o
Judge Napolitano - Judging Freedom, 3/28/24
"Lt Col. Tony Shaffer:
If French Troops Fight Russians"
Comments here:
o
Full screen recommended.
Judge Napolitano - Judging Freedom, 3/28/24
"Patrick Lancaster : Ukrainian Shelling -
LIVE from Belgorod, Russia"
Comments here:
Gregory Mannarino, "AM/PM 3/28/24"
Gregory Mannarino, AM 3/28/24
"The New One World System Revealed!
This Is What's Next For All Of Us"
Comments here:
o
Gregory Mannarino, PM 3/28/24
"Incredible! Seeing Is Believing!
The Economic Freefall IsWorsening Faster"
Comments here:
Adventures With Danno, "The Flu, Day 2: Body Aches & My Nyquil Nightmare!"
Adventures With Danno, AM 3/28/24
"The Flu, Day 2:
Body Aches & My Nyquil Nightmare!"
"In today's vlog, we are discussing our flu symptoms, dealing with body aches,
and having a crazy nightmare after taking NyQuil before bed."
Comments here:
Wednesday, March 27, 2024
"WW III D-Day Approaches; Russia Preps For Nuclear War With NATO"
Full screen recommended.
Canadian Prepper, 3/27/24
"WW III D-Day Approaches;
Russia Preps For Nuclear War With NATO"
Comments here:
Jeremiah Babe, "They's Passing Out Free Money While Americans Go Hungry And Homeless"
Jeremiah Babe, 3/27/24
"They's Passing Out Free Money While
Americans Go Hungry And Homeless"
Comments here:
"A Look to the Heavens"
“Magnificent island universe NGC 2403 stands within the boundaries of the long-necked constellation Camelopardalis. Some 10 million light-years distant and about 50,000 light-years across, the spiral galaxy also seems to have more than its fair share of giant star forming HII regions, marked by the telltale reddish glow of atomic hydrogen gas. The giant HII regions are energized by clusters of hot, massive stars that explode as bright supernovae at the end of their short and furious lives.
A member of the M81 group of galaxies, NGC 2403 closely resembles another galaxy with an abundance of star forming regions that lies within our own local galaxy group, M33 the Triangulum Galaxy. Spiky in appearance, bright stars in this colorful galaxy portrait of NGC 2403 lie in the foreground, within our own Milky Way.”
"The Sane Who Know..."
“Human beings are, necessarily, actors who cannot become something before they have first pretended to be it; and they can be divided, not into the hypocritical and the sincere, but into the sane who know they are acting and the mad who do not.”
- W.H Auden
"A dog might feel as majestic as a lion, might bark as loud as a roar, might have a heart as mighty and brave as a Lion's heart, but at the end of the day, a dog is a dog and a lion is a lion. "
- Charlyn Khatero
"The Story Of Man"
“The sands of time blew into a storm of images... images in sequence to tell the truth! Glorious legends of revolutionaries, bound only by a desire to be true to themselves, and to hope! Parables of colliding worlds, of forbidden love, of enemies healing the wounds of circumstance! Projected myth of persecution through greed and selfishness... and the will to survive! The Will to survive! And to survive in the face of those who claim credit for your very existence! We survive not as pawns, but as agents of hope. Sometimes misunderstood, but always true to our story. The story of Man."
- Scott Morse
○
“Do you believe," said Candide, "that men have always massacred each other as they do today, that they have always been liars, cheats, traitors, ingrates, brigands, idiots, thieves, scoundrels, gluttons, drunkards, misers, envious, ambitious, bloody-minded, calumniators, debauchees, fanatics, hypocrites, and fools?"
"Do you believe," said Martin, "that hawks have always eaten pigeons when they have found them?"
"Yes, without doubt," said Candide.
"Well, then," said Martin, "if hawks have always had the same character why should you imagine that men may have changed theirs?”
- Candide"
○
“Murderers are not monsters, they're men.
And that's the most frightening thing about them.”
- Alice Sebold, "The Lovely Bones"
And so it is...
o
“What a chimera then is man, what a novelty, what a monster, what chaos, what a subject of contradiction, what a prodigy! Judge of all things, yet an imbecile earthworm; depository of truth, yet a sewer of uncertainty and error; pride and refuse of the universe. Who shall resolve this tangle?”
- Blaise Pascal
o
o
Vangelis, "Alpha"
This song always suggested the relentless March of Mankind through
the ages to our unknown destiny. In spite of ourselves, always... we go on.
Chet Raymo, “The Silence”
“The Silence”
by Chet Raymo
“The hiding places of my power
Seem open; I approach, and then they close;
I see by glimpses now; when age comes on,
May scarcely see at all, and I would give,
While yet we may, as far as words can give,
A substance and a life to what I feel…”
“These few lines from Wordsworth’s “The Prelude” leapt off the page at me. They capture well enough what my life has become. All those years of teaching, of writing in the Boston Globe, were years of sharing public knowledge, knowledge that had been vetted by the scientific community. The work was not about me. The teacher was me, the writer was me, but what I taught and wrote was reliable, consensus knowledge of the world. A student in my classes or a reader of my newspaper columns would have been hard pressed to know my politics or my religion or the nature of the questions that came in the darkest hours of the night. And that is the way it should have been; that was my homage to objectivity.
Those were valuable years, years of building up a sturdy polder in the sea of mystery, a place to stand with a firmness of foot. And now, in retirement, with time on my hands- and on my mind- I find myself more inclined to explore what Wordsworth called “the hiding places of my power.” I approach. They close. I touch with my hand the surface of the pond that Pat wrote about the other day; my hand comes out of the depths to meet me. I see by glimpses. It is, I suppose, a kind of forgetting. With the forgetting comes a certain freshness. My fingertip touches the surface of the world from above and from below, and concentric circles spread outwards, rippling, like a soundless sound, and I struggle, in words, as best I can, to give a substance and a life to what I feel.
This does not mean, I trust, that I am going soft, finding supernaturalist religion or getting all New Age squishy as “age comes on.” I keep my feet planted on solid fact and read my weekly “Science” and “Nature” along with my Wordsworth. No, it is rather a simple freedom to explore the hiding places, attending to private particulars as opposed to public universals, listening for the small voice that whispers from the nooks and crannies of yet unassimilated reality.
There is a passage in “The Prelude” where a young Boy (the poet?), standing in evening air by the glimmering lake, makes a mimic hooting with his hands to his mouth and the owls answer. Twooo-twooo. And the reply. Twooo-twooo. Then, unaccountably, the answers cease. And in the silence the boy becomes more keenly aware than ever of water, rocks, and woods, and mountain torrents, “that uncertain heaven, received into the bosom of the steady lake.” Thoreau has something similar. He rejoiced in owls; their hoot, he said, was a sound well suited to swamps and twilight woods. The interval between the hoots was a deepened silence, suggesting, to Thoreau, “a vast and undeveloped nature which men have not recognized.” It is that that I now attend: the deepened silence between the hoots.”
"Only Human..."
And, of course, the universal and inevitable excuse…
“A person who is going to commit an inhuman act invariably
excuses himself to himself by saying, “I’m only human, after all.”
- Sydney J. Harris
I've always wondered...
Everyone says “I'm only human…” compared to what?
"World War III Prelude, 3/27/24"
Full screen recommended.
Danny Haiphong, 3/27/24
"Scott Ritter: NATO Just Made A Fatal Mistake as
Russia Prepares for War with France and Germany"
Comments here:
o
Full screen recommended.
Danny Haiphong, 3/27/24
"Scott Ritter: Putin has Destroyed
NATO's Plan and Ukraine is Doomed"
Comments here:
o
Full screen recommended.
Douglas MacGregor: "NATO-Russia's Most Dangerous
Standoff Ever – Global Annihilation Imminent!"
Comments here:
Judge Napolitano, "Phil Giraldi: Israeli Descent Into Depravity"
Judge Napolitano - Judging Freedom, 3/27/24
"Phil Giraldi: Israeli Descent Into Depravity"
Comments here:
o
WARNING! Absolutely Horrifying!
Full horrifying screen recommended.
"Everyone in the World Needs to See This:
Footage Shows IDF Drone Killing Gazans"
By Jessica Corbett
"An Israeli army drone pursued four civilian youths who attempted to reach their destroyed homes and killed them with missiles in Khan Younis at the start of last February. "There is no way they could have been considered combatants," said one writer and analyst. "This is unreal."
Adding to the mountain of evidence that Israel is engaged in a genocidal war on the Gaza Strip, Al Jazeera on Thursday aired footage of what the news outlet reported was an Israeli drone targeting four Palestinians in Khan Younis last month. Those killed by the unmanned aerial vehicle in the rubble of the southern Gaza city appear to be unarmed teenagers or young men. According to a translation of the coverage, they were not identified in the reporting.
"Outrageous even after months of outrages," declared Palestinian American political analyst Yousef Munayyer. "This video shows an Israeli military drone literally stalking four unarmed civilians posing no threat and eliminating them one after the other!"
Tariq Kenney-Shawa, Al-Shabaka's U.S. policy fellow, said: "This is among the worst footage I've seen. Not only were these boys clearly unarmed and present no threat whatsoever, but they were struck multiple times even after stumbling/crawling away. There is no way they could have been considered combatants. This is unreal."
o
"Israel is Evil personified. Israel is Evil embodied."
- Scott Ritter
A Comment: OMG...33,000 men, women, old people, and 14,000 CHILDREN slaughtered, 76,000 wounded, with 8,000 more missing and buried under the rubble caused by 29,000 2,000 lb. bombs from America! THIS is what these bloodthirsty psychopathically genocidal monsters are! I've never allowed profanity on this blog over 16 years and 90,000 posts, but oh I want to, I'm filled with a ferocious, hate filled rage at this horror! And YOU, Americans, hang your goddamned heads in shame and total disgrace because YOU paid for every bullet, all of it, and allow and support it continuing...
- CP, that's my opinion and I don't give a damn who doesn't like it!
"Stipendium peccati mors est," Israel.
"Fake Terror, Fake Money… Real Problems"
By Addison Wiggin
“If the only tool you have is a hammer,
you tend to see every problem as a nail.”
– Abraham Maslow
"Yikes. Before we even had time to digest the news of the Francis Scott Key Bridge collapse here in Baltimore, the team at Paradigm had already begun a marketing campaign insinuating the accident was the result of a terror attack. As far as we can tell, it stemmed from a puzzling account of the incident written by Sean Ring who was at the time sitting in a cafe in Italy. Now, they’re apparently planning a webinar discussing the matter.
Granted, a terror seminar is not nearly as bad as the X post I saw trying to pass off the Karch Bridge attack from months ago in the Ukraine war as the Key Bridge coming down. Or the U.S. military-industrial complex restraining itself from using the opportunity to extend its Patriot Act powers, as implied by Zero Hedge. Still, a candidate for governor in Utah seems to know a lot about the Key Bridge. He’s blaming diversity, equity, and inclusion (DEI) policies instituted by Maryland Governor Wes Brown. Neither Kate Middleton nor Kensington Palace appear to have had anything to do with the bridge collapse. But on the issue, they’ve remained mum.
The port closure will cause some real supply chain issues. Baltimore sports the only drive-on/drive-off facility for auto imports on the east coast, for example. That’s going to cause a major headache for car dealers nationwide. Nearly half of the $55.2 billion of imports in 2023 were autos and light trucks. Another $4.8 billion of motor vehicles were exported.
The port also exports 13% of India’s coal supply. That’ll be a problem for the electrical grid in Mumbai. Shares in Consol Energy, the coal exporter, dropped 10% on the news of the port closure. Shares in CXS Corp, the transport company, also fell, but look like they’ve recovered. Trains carrying coal from West Virginia will be primarily diverted to the already busy Norfolk, Virginia and New York/New Jersey areas.
The C0ve Point Liquified Natural Gas (LNG) export facility, which we just discovered this morning is owned by the energy wing of Berkshire Hathaway, will not be affected by the crash. It’s upstream from the bridge.
There will be disruptions in ingestible sugar and building supplies. The company that operates the Domino Sugar facility, famous for its giant neon light in the Inner Harbor, isn’t currently waiting for a shipment. But future imports will likely be delayed. Big retailers like Home Depot, Bob’s Furniture, IKEA, and Amazon all have to seek alternative ports for their goods for the foreseeable future. Which is in itself a problem…
Many of the east coast ports are still recovering from supply chain disruptions caused by the pandemic. So, diverted trade from Baltimore will add to delays and increase costs. This morning, there were some 30 barges stacked up in the Chesapeake Bay waiting for instructions as to which ports they’ve been diverted to.
The biggest disruption for the everyman of the Mid-Atlantic will be traffic congestion. The Baltimore-Washington area ranks among the most congested driving regions in the United States. Interstate 695 - also known as the beltway - around Baltimore is already a nightmare. But the area is also on the southern tip of the Washington-Boston I-95 corridor, consistently a thoroughfare for cars, trucks, trailers, busses, hitches, motorcycles, caravans, horses, bicycles, hitchhikers, guns, and other contraband up and down the east coast.
The bridge was the only easy route to bypass the city for trucks carrying hazardous materials, as they’re restricted from using the tunnels under the Patapsco river on the I-95 throughway. People who’ve been staying home for work won’t have an issue. But what is already a gnarly commute for others will get a lot worse.
There’s not currently an estimate available for how long it will take for the tons of steel bridge debris to be moved out of the way for the port to reopen. The “black box” recorder aboard the container vessel has been taken into custody.
“There is no reason from an engineering, management, demolition point of view,” writes Nathan B. one of the more credible reactions sitting in our inbox. “That it should take months to clear away the wreckage enough to allow ships to travel in and out of Baltimore Harbor. We have the skills and equipment available. Not just in the private sector both in the States and foreign. But also in the U.S. Army Corps of Engineers (and its contractors), and the U.S. Navy's Seabees and UDT.
Massive dredges are available all up and down the east coast and Gulf: floating cranes, underwater equipment to cut up the pieces and at least pull them out of the way to open at least two traffic lanes of 100 or more meters width. We could do it, but it is virtually a certainty that we will not: the politicians, including that greedy gut of a mayor, will ensure that. They will milk this for all they are worth, not caring about the destruction of their economy and the damage to that of the other forty-nine."
“I watched the bridge cam footage” writes Robert from Houston. “The boat oversteered to starboard and hit the pylon head-on. Just about the worst imaginable thing, knocking it all over. Our Houston Ship Channel Bridge gets routinely clipped underside, but nothing like this. It appears the control computers (Yokogawa?) were slow to reboot or the pilot/helm reacted incorrectly. There will be a long investigation and the wrong things will be blamed per even longer maritime custom. In the meantime, U.S. and other ports will take precautions (slowerspeeds, more pilots, tugs) that will slow them down. Reducing port capacity beyond the months B'more will be clearing wreckage. Could have been much worse -- imagine if an LNG carrier hit the bridge.”
As we were collecting our thoughts, the Bonner Private Research daily email popped into our inbox and expressed some of them exactly. You know what they say about great minds… heh."
o
"Showbiz and Propaganda"
Whacked bridges, military failures and monetary hijinks…
by Bill Bonner
"To plunder, butcher, steal, these things they
misname empire: they make a desolation and they call it peace."
~ Tacitus
Dublin, Ireland- "Baltimore made the news worldwide yesterday. “Six missing after bridge collapse,” says a headline in this morning’s Irish Times. The headline is a little misleading. The bridge didn’t just ‘collapse’…no more than a person shot through the head just ‘dies.’ The bridge got whacked. But not to worry. Comes more news from TheGuardian: "Biden pledged that the U.S. federal government would pay the full cost of rebuilding the bridge in Baltimore, which has also halted activity at a major port for the country. “It’s my intention that the federal government will pay for the entire cost of reconstructing that bridge and I expect the Congress to support my effort,” the U.S. president said."
That is more than misleading. Biden has no authority to pledge U.S. funds for bridge building. Nor does the federal government have any money with which to do the work. The cost will have to be paid by the public, one way or another. Meanwhile, in more theater, Baltimore honchos announced a ‘state of emergency.’ What the emergency is was never clarified. The bridge is already in the water.
So much of what passes for ‘news’ is just showbiz. Propaganda. And blah blah. What really matters are the actual trends and events. Bridges get knocked down. People die. And the debt grows.
Barely noticed in the Fed’s announcement last week were a couple of contradictory details. Chairman Jerome Powell said he would hold rates steady but that investors could nevertheless expect three rate cuts this year. The Fed is committed…come Hell or high water…rain or shine…to a 2% inflation target. But that is just theater too. The data drivel last week included the Fed’s own forecasts of higher GDP growth and higher inflation (2.6% for core PCE). It makes no sense to promise lower borrowing rates as you also foresee higher inflation…while still claiming to have a 2% inflation target."
The reality of it, as per Charlie Bilello: "The Fed’s 2% inflation target is a farce… Instead, they want to error on the side of easing, and start cutting rates before the war against inflation has been definitively won."
Keep the Money Flowing: The important thing is to keep the money flowing; everything else is play-acting. Annual inflation rates have averaged 5.7% over the last three years and 2.8% over the last ten years. There is no sign of the 2% inflation the Fed claims to be looking for; the 2% target is just a convenient make-believe. Also in the realm of make-believe is U.S. foreign policy.
Just in the last six months, the U.S. has lost two important battles. In the Ukraine, troops armed with U.S./NATO weapons…and guided by U.S./NATO military advisors and doctrines…were crushed by Russian forces. While ‘The West’ was defeated militarily in the Ukraine, it may have suffered an even bigger blow in Gaza.
Selective Interpretations: Last week, the UN Security Council called on Israel to cease fire. The U.S., trying to salvage a bit of its prestige and reputation, abstained from the vote. The Biden Team, eyeing the upcoming election, and perhaps noticing a change in the way the winds are blowing, seeks to position itself as a ‘good guy’…while still supplying the Israelis with weapons. But Matthew Miller, a State Department spokesman, revealed that it is all just a stage-managed razz-ma-tazz: "It is our interpretation of this resolution that it is non-binding."
Non-binding? A rules-based order in which the rules are just suggestions? Which is our point. It is all theater…except for the part that isn’t. Talk is ‘non-binding.’ But death…debt…and destruction – like a bridge-butting cargo ship – all are very binding. So it goes..."
Dan, I Allegedly, "Get a Grip on Reality"
Full screen recommended.
Dan, I Allegedly 3/27/24
"Get a Grip on Reality"
"So much is happening right now we’re getting warning after warning.
People need to accept their fate and how the economy truly is."
Comments here:
"The Crowd..."
"In terms of evolutionary psychology,
the crowd is very close to a herd of stampeding wildebeest."
– Will Self
"The Baltimore Bridge Collapse Is Going To Have An Enormous Impact On U.S. Supply Chains"
"The Baltimore Bridge Collapse Is Going To Have
An Enormous Impact On U.S. Supply Chains"
by Michael Snyder
"When I awoke early on Tuesday morning, I was stunned to learn that the Francis Scott Key Bridge in Baltimore had collapsed. We are being told that it was a tragic “accident” and that there is no evidence that any foul play was involved. Hopefully that is true. But no matter how it was caused, this tragedy is going to have an enormous impact on U.S. supply chains. And of course this comes at a really bad time, because Houthi missile strikes in the Red Sea and low water levels in the Panama Canal have been putting a tremendous amount of strain on global supply chains recently.
According to Bloomberg, it appears that the Port of Baltimore will be “out of commission indefinitely”…"The Port of Baltimore — the biggest handler of US imports and exports of cars and light trucks — looks to be out of commission indefinitely. The resulting bottleneck could accelerate a shift of goods through West Coast ports. Another crucial question: Which other ports have spare capacity to handle the Ro-Ro vessels that carry automobiles if Baltimore is closed for an extended period."
This is a really big deal, because over 750,000 vehicles came through that port last year alone…"The port is the busiest in the U.S. for car shipments, handling more than 750,000 vehicles in 2023, according to data from the Maryland Port Administration. It is also the largest U.S. port by volume for handling farm and construction machinery, as well as agricultural products."
In addition, a whole host of prominent retailers are very dependent on the Port of Baltimore… Retailers like Home Depot, Bob’s Furniture, IKEA, and Amazon are just some of the companies that use the port to import goods. Other top imports include sugar and gypsum. “This will have an impact for trade all along the East Coast and it will continue until we know how quickly” the port can reopen, said Richard Meade, editor-in-chief of the shipping journal Lloyd’s List."
Vessels were already being diverted to New York and down to Virginia on Tuesday, said Meade. “There will be dozens of diversions in the next week and hundreds in the coming months as long as Baltimore is shut down.” This isn’t the end of the world, and shipments can certainly be diverted to other ports.
But we are talking about the 11th largest port in the entire nation, and so this will definitely be a serious blow…"More than 52 million tons of foreign cargo, worth some $80 billion were transported out of the port last year, according to Maryland Gov. Wes Moore. The 11th largest port in the nation, Baltimore served an average of 207 calls a month last year, according to the shipping journal Lloyd’s List."
In addition, it is going to take a very long time for the Francis Scott Key Bridge to be rebuilt. As Lara Logan has pointed out, that section of I-695 was the “second busiest strategic roadway in the nation for hazardous material”…"Second busiest strategic roadway in the nation for hazardous material now down for 4-5 years – which is how long they say it will take to recover. Bridge was built specifically to move hazardous material – fuel, diesel, propane gas, nitrogen, highly flammable materials, chemicals and oversized cargo that cannot fit in the tunnels – that supply chain now crippled."
One expert is projecting that it will take more than two years to rebuild the bridge…"While trade is nimble and will reroute, over the long term the bridge will need to be fundamentally engineered and rebuilt, and that will take years. “It will be in excess of two years,” said Meade, of Lloyd’s List. “There will be significant disruption and cost to this infrastructure project. In 1977, the bridge cost $60 million. Take in inflation and the rapid pace to redesign and build will increase procurement premiums. This will be a very expensive project.”
I would be shocked if it happens that quickly. We shall see. In any event, we are talking about a multi-faceted crisis that is going to be affecting U.S. supply chains for the foreseeable future. At a press conference following the collapse of the bridge, Transportation Secretary Pete Buttigieg openly admitted that we are looking at a “major and protracted impact on supply chains”… “There is no question this will be a major and protracted impact on supply chains,” Transportation Secretary Pete Buttigieg said during a Tuesday afternoon press conference in Baltimore."
I think that this is the first time I have ever agreed with Pete Buttigieg on anything. Sadly, this is just the beginning. In the months ahead, U.S. supply chains will be hit with additional challenges. So if there are things that you are planning to purchase, I would do that now.
Before I end this article, there is one more thing that I wanted to mention. Global supplies of cocoa just keep getting tighter and tighter, and on Tuesday the price of cocoa jumped above $10,000 per metric ton for the first time ever…"Cocoa prices hit a record Tuesday as supply constraints fuel prices higher. Futures for May delivery were up 3.9% at $10,030 per metric ton, marking the first time the commodity breaks above the $10,000 mark. Cocoa has been on a tear this year, soaring nearly 138%.
Difficult weather conditions and disease have affected production in West Africa, which produces about 70% of the world’s cocoa. The two largest producers, Ivory Coast and Ghana, have been hit by a combination of heavy rain, dry heat and disease recently."
In January, it was less than half that price. If you love chocolate, stock up on it while you still can. Of course the same thing could be said about countless other things. Do you remember the supply chain problems that we experienced a couple of years ago? Well, what is eventually coming is going to absolutely dwarf that.
Many are using the term “black swan event” to describe the collapse of the Francis Scott Key Bridge in Baltimore, but the truth is that we are moving into a time when there will be one “black swan event” after another. So get prepared while there is still an opportunity to do so, because the months and years ahead of us are going to be extremely chaotic."
"How It Really Is"
"Alas, regardless of their doom, the little victims play!
No sense have they of ills to come, nor care beyond today.”
- Thomas Gray,
“Ode on a Distant Prospect of Eton College”
- https://www.poetryfoundation.org/
“Al Swearengen's Take On Life"
Strong language alert!
"In life you have to do a lot of things you don't ****ing want to do.
Many times, that's what the **** life is... one vile ****ing task after another.
Many times, that's what the **** life is... one vile ****ing task after another.
But don't get aggravated - then the enemy has you by the short hair."
“Al Swearengen”,
Ian McShane's character in “Deadwood”o
Adventures With Danno, "It Hit Us! We're Sick! This Is Terrible!"
Adventures With Danno, AM 3/27/24
"It Hit Us! We're Sick! This Is Terrible!"
"In today's vlog, we are discussing how we got the flu
and going over some home remedies we are doing to feel better."
Comments here:
Gregory Mannarino, "AM/PM 3/27/24"
Gregory Mannarino, AM 3/27/24
"A Systemic/Global Meltdown Is Coming"
Comments here:
No connection to reality at all,
only the consequences are real, to YOU...
Glen Campbell, "It's Only Make Believe"
o
Gregory Mannarino, PM 3/27/24
"Situation Critical: Final Warning! Get Your
Cash Out Of The Smaller/Regional Banks Now"
Comments here:
Greg Hunter, Destructive “Chemtrails” Finally Coming to Light"
"Destructive 'Chemtrails' Finally Coming to Light"
By Greg Hunter’s USAWatchdog.com
"Climate engineering researcher Dane Wigington says it looks like the destructive climate engineering operation that has been going on for decades is finally coming to the attention of the public with new legislation happening in states like Tennessee. Terms like “chemtrails” are used to hide the massive harm being done to the climate. Tennessee is taking action because the harm being done to the “public welfare” with everything from heavy metals, aluminum and nanoparticles being sprayed on everyone to manipulate the climate. Of course, there is no public discussion, let alone public approval, of this evil weather warfare that is well established climate Engineering science since just after WWII. With the Tennessee legislation, we may finally be getting enough public awareness to STOP spraying, poisoning and climate damage being done without public knowledge or permission.
Is the Tennessee climate engineering “ban” good news? Wigington explains, “This is extremely good news. The key point here is this raising awareness and credibility for this issue. Clearly, whatever one state passes over its airspace is not going to stop the fallout coming from upwind. You would have to ban this over the whole planet to stop theses toxic particulate matter from saturating all of us. That said, this is extremely important in raising awareness. The Senate bill is 2691 and the House bill is 2063, and it’s being voted on Wednesday 3/27/24 in Tennessee.
The interesting thing is all who are voting for this are Republicans, but this should not be a political issue. The reason why the Democrats are not voting for this is they believe anyone trying to bring attention to the climate engineering issue is somehow trying to dodge the fact that the climate is damaged. That is the furthest thing from the truth. What we are saying at GeoEngineeringWatch.org is how can there be any legitimate discussion about climate anything without addressing this issue first and foremost. On the current course, no one gets out alive. I know that is an incredibly hard pill to swallow, but it is the fact of the matter. What does that mean for all of us? Do we sit down and do nothing? No. We try to bring this issue (Geoengineering) to light, which is, at this moment in time, the single most destructive factor of all human activity. It is the single most destructive problem we face short of nuclear cataclysm. Together we can expose this and stop it and allow the planet to respond to the damage done with whatever life support systems that are left. People need to wake up while we can still make a difference. We are running out of time.”
Wigington says climate engineering is criminal, and people at the top know what is happening. Wigington says, “These people are like pirates trying to fill their pockets with loot on the deck of a sinking ship.”
On top of that, the Lying Legacy Media (LLM) are out in force trying to minimize what this Tennessee legislation means to exposing these climate engineering destructive policies. One of the latest acts of destruction is baseball size hail that destroyed thousands of acres of solar panels this past weekend in Texas. Wigington says this type of extreme weather is one of many problems caused by climate engineering. You will not hear how dire the situation is because of the propaganda by the LLM that hide the dire situation we face that is made exponentially worse by so-called “Chemtrails.” There is much more in the 41-minute interview."
Join Greg Hunter on Rumble as he goes One-on-One with climate researcher Dane Wigington, founder of GeoEngineeringWatch.org, with an update on the calamity geoengineering is causing and legislation in Tennessee to ban it.
"Get Your Stuff Together..."
“We all got problems. But there’s a great book out called “Too Soon Old, Too Late Smart.” Did you see that? That book says the statute of limitations has expired on all childhood traumas. Get your stuff together and get on with your life, man. Stop whinin’ about what’s wrong, because everybody’s had a rough time, in one way or another.”
- Quincy Jones
Subscribe to:
Posts (Atom)