Editor’s Commentary: According to the Biden-Harris regime, there is no border crisis and the masses of illegal aliens flooding our borders and being dropped in cities across the nation is just business as usual. The same regime has declared on multiple occasions that the evacuation of Afghanistan was a huge success. They constantly tell us the Covid-19 vaccines are “safe and effective” despite literally every data point available contradicting their assertions.
The Biden-Harris regime, like most executive administrations, lies to protect its standing in the eyes of voters and the special interest groups they serve. But this regime has taken to lying about everything, so much so that White House Press Secretary Jen Psaki often has trouble keeping up with the untruthful narrative du jour. You can’t blame her. With so many lies to tell, keeping them all straight is practically impossible.
It’s for these reasons that the current and future status of the United States economy, and thereby the world economy, should greatly concern everyone regardless of financial status. Things are so terrible and prospects are so horrendous that, as Michael Snyder details below, the regime has actually openly expressed their own concerns and warned of bad times coming. That tells us they cannot or will not do what it takes to mitigate the damage and they realize if they say anything positive about what’s to come, they’ll like fools, liars, or both.
It isn’t just about certain Christmas gifts not making it to the shelves before December. It isn’t even just about some snack products being scarce on grocery store shelves. The intertwined nature of our supply chain is a tapestry upon which every financial consideration rests. Once untidy threads are pulled, the tapestry unravels like a poorly knitted Christmas sweater and things start falling apart.
What we’re experiencing today is not a few threads being pulled. We’re seeing the beginnings of a complete collapse. For decades, fringe economists and conspiracy theorists have warned that the great economic collapse is just around the corner. I’ve always dismissed them, even during the crash of 2008, because we weren’t experiencing the collision of multiple catastrophes that would be required for the world to stop propping up our national debt. They needed us, so keeping us from falling allowed for relatively easy recovery.
Today, the situation is very different and far worse. We’re not talking about a single sector dragging down the stock market and eliminating wealth from the elites. We’re witnessing a top-to-bottom degradation of economic factors causing massive inflation, supply chain failures, joblessness despite a wide open job market, increased taxes, a flailing dollar, a stock market on a bubble, and economic disruptions across the globe. It truly is the perfect storm forming just on our horizon and heading directly our way.
It behooves me to note that our sponsors at Our Gold Guy shared my beliefs. Ira, the owner, told me things weren’t as bad as they were made out to be in previous crashes but they’re much, much worse than we’re being told today. It makes sense to stock up on food and other “prepper” items right now, but it also makes sense to have physical precious metals in your safe. Just sayin’.
If even the bald-faced liars of the Biden-Harris regime are willing to acknowledge that there’s a problem, we know with an absolute certainty that the economic forecast is grim. Michael’s article below should give you all the reasons you need to start or continue thinking about how you’re going to prepare yourself and your family for what’s to come…
Americans Are Going To Be Absolutely Shocked By The Empty Shelves That They See
If you believe that America is headed into a new golden age of prosperity, you are getting lonelier with each passing day, because many others that were wildly optimistic about the economy earlier this year have been jumping ship. In fact, even the White House is now openly admitting that there will be significant shortages this holiday season.
To many Americans, these shortages have come as a complete shock. Most of us have never experienced such shortages, and most of us never even dreamed that they were possible. But those that have been following my work for an extended period of time were not surprised by any of this. We were warned over and over again that shortages and rampant inflation were ahead of us, and now they are here with a vengeance. Unfortunately, the truth is that what we have gone through so far is just the beginning.
Normally, the White House will relentlessly “spin” any negative story in an attempt to make it a positive for Joe Biden. But it is really hard to spin the fact that there are widespread shortages all over the country, and earlier today the mainstream news was full of reports about how the White House is now conceding that “higher prices” and “empty shelves” are coming…
White House officials, scrambling to relieve global supply bottlenecks choking U.S. ports, highways and railways, warn that Americans may face higher prices and some empty shelves this Christmas season.
Of course it is important to keep in mind that things always seem to turn out worse than the Biden administration projects. And at this moment we are being promised that these shortages will just be for “a relatively short period of time”…
“There will be things that people can’t get,” a senior White House official told Reuters, when asked about holiday shopping.
“At the same time, a lot of these goods are hopefully substitutable by other things. … I don’t think there’s any real reason to be panicked, but we all feel the frustration and there’s a certain need for patience to help get through a relatively short period of time.”
You can believe all that if you want. What made me chuckle was the line about how the missing products will be “substitutable by other things”. Yes, just go find a giant rock outside and put it in front of your television and pretend that it is a Playstation. At this point, even CNN is starting to sound like a bunch of hardcore preppers. Just check out this line that they recently tweeted out…
If you hoped grocery stores this fall and winter would look like they did in the Before Times, with limitless options stretching out before you in the snack, drink, candy and frozen foods aisles, get ready for some disappointing news.
The UniParty Swamp is doing everything in their power to annihilate our economy. Contact Ira and he’ll show you how easy it is to move cash, investments, or retirement into PHYSICAL precious metals without the gimmicks or runaround.
The “Before Times”? I kind of like that. Without a doubt, life was so much better before Biden’s tyranny took us down a horrifying dystopian rabbit hole. If there aren’t enough toys for everyone this holiday season, we will certainly survive. To me, the fact that so many food products are now in very short supply is a much greater concern…
Many of the country’s biggest food makers are telling grocers that they will have limited quantities of a number of their products, including items such as Rice Krispies Treats, Sour Patch Kids, some Ben & Jerry’s ice cream flavors, McCormick gourmet spices and Marie Callender’s pot pies because of labor, commodity and transportation constraints throttling supply chains, according to emails viewed by CNN and interviews with grocers. Some suppliers are also telling grocers to cancel their promotions of these items and more over the holidays so products won’t disappear from store shelves as quickly.
Don’t let anyone fool you into thinking that these shortages are not that big of a deal. They have been going on for quite some time, and they are getting worse. And now we have some hard numbers that give us a picture of what is really happening at supermarkets nationwide…
Around 18% of beverages, 15% of frozen foods, 16% of snacks, 15% of candy and 18% of bakery items were out of stock at stores during the week ending on October 3, according to the latest data from IRI, which tracks in-stock levels at leading US grocery chains, big box stores, pharmacies and wholesale clubs.
I was stunned when I first read those figures. I knew that things were bad, but I didn’t know that they were that bad. And what is our country going to look like if those numbers start shooting up to 30 or 40 percent?
Our supermarkets should actually have less shortages than just about anyone else, because the vast majority of our food is produced right here in the United States. The most serious supply chain problems involve products that need to be shipped into this country, because right now we are seeing major issues “at almost every link in the chain” for imported goods…
At almost every link in the chain, there is a shortage; there aren’t enough yard workers to unpack the cargo on the ships quickly enough, nor are there enough drivers able to ferry them around on the ground. In stores, retailers don’t have enough workers to unpack them once they arrive.
Over and over again, we are being told that we simply do not have enough workers. But at this moment the number of Americans that are currently employed is about five million less than it was just before the pandemic. And other nations all over the globe are experiencing epic worker shortages as well. So where did all the people go?
In case you were wondering, I am going to keep asking that question. Millions and millions of people have seemingly evaporated from the system, and we deserve some honest answers. These are such troubled times, and much more trouble is on the way. If there is something that you are planning on buying before the end of the year, I would recommend buying it now.
Inventories are going to get tighter and tighter between now and the end of 2021. We are being told that things may start to ease early next year, but I certainly wouldn’t count on that. This is already the worst supply chain “collapse” in modern history, and I have a feeling that more “surprises” are just around the corner.