by Michael Snyder
The final couple of years haven’t been nice, and so no person needs to listen to that extra bother is forward for the U.S. financial system. Sadly, that’s exactly what the mainstream media is telling us proper now. A yr in the past, so most of the speaking heads on tv have been assuring us {that a} new golden period of prosperity was proper across the nook, however in fact that wasn’t true in any respect. The dismal efficiency of the financial system has been mirrored by Joe Biden’s quickly declining approval numbers, and at this level there’s a great quantity of pessimism concerning the the rest of 2022.
However is that pessimism warranted?
CNN simply interviewed the CEO of Maersk concerning the horrific provide chain disaster that’s gumming up the complete international financial system, and the information wasn’t good.
The truth is, we’re being informed that “extra bother is forward”…
Maersk has a front-row seat to international provide chains. It says extra bother is forward.
For sure, the CEO of Maersk is able to perceive the present state of world provide chains much better than you or I do.
It is a world that he’s immersed in each single day, and proper now he sees “nothing within the numbers” that signifies that issues are going to show round any time quickly…
The availability chain points which have walloped the worldwide financial system and spurred inflation through the coronavirus pandemic should not getting a lot better, Maersk CEO Søren Skou informed CNN Enterprise on Wednesday.
“Proper now the scenario doesn’t seem like getting considerably higher,” Skou informed Alison Kosik on First Transfer. “I want I may say that issues are getting higher, however proper now there’s nothing within the numbers to recommend so.”
In the meantime, CNN can also be reporting that inflation at quick meals eating places continues to hit customers actually laborious…
Shopping for a burrito bowl or a burger will hit your pockets so much more durable today.
What’s occurring: An order at Chipotle (CMG) prices about 10% greater than it did one yr in the past, the restaurant chain mentioned when reporting earnings on Tuesday. That implies that if a steak burrito price $8 this time in 2021, it’s now $8.80.
After all it isn’t simply the value of quick meals that’s going up dramatically.
In keeping with a model new survey that was simply launched, the proportion of small enterprise homeowners in America that’s elevating costs is the very best that it has been since 1974…
The Nationwide Federation of Impartial Companies, a Tennessee-based affiliation of small enterprise homeowners, discovered that the web % of homeowners elevating common promoting costs rose to 61% in January, a four-point improve from the earlier month and the very best studying for the reason that fourth quarter of 1974.
1974 was not a very good yr for our nation.
And 2022 won’t be a very good yr for us both.
I need to admit that the financial system in 2022 is the weirdest financial system that I’ve ever seen in my complete lifetime. For instance, though we face a extreme labor scarcity, the variety of homeless folks continues to blow up greater as properly.
Within the San Francisco space, the variety of homeless is rising so quickly that many non-public owners are actually being inspired “to offer their spare rooms over to the homeless” to assist struggle the issue…
Homelessness within the Bay Space has turn out to be such an issue persons are being urged to offer their spare rooms over to the homeless.
Some charities have urged native households – who’re sick of seeing the homeless disaster on their doorsteps – to do one thing about it personally by taking unhoused folks into their very own houses and spare rooms – and a few schemes have little to no compensation.
Sadly, many of the homeless in California are drug addicts, so it isn’t precisely secure to have them bunking along with your youngsters.
After all most Individuals are addicts of 1 type or one other at this level. As a substitute of specializing in what we will contribute to society, most of us have been skilled to devour, devour after which devour some extra. I actually like how Charles Hugh Smith made this level in his most up-to-date article…
One side no person appears to note is the transformation from a society that after drew its identification from producing high quality items and companies to a society that pulls its identification from consuming crapified items and companies. Now that Individuals outline themselves by consuming, they’re enslaved to consumption: to restrict consumption is to vanish–and ‘spending time” on social media is a type of consumption, even when no items or companies are bought instantly, as one’s consideration / time are invaluable commodities.
In different phrases, Individuals have been skilled like Pavlov’s canines to devour, regardless of how poor the standard and repair. We simply purchase it anyway, and grumble over the decaying high quality and repair–however we gained’t take the one motion that might impression firms and the federal government: cease shopping for the services. Decide out, drop out, make it at house, cancel the service, simply cease shopping for abysmally made junk and pathetically poor companies.
Most of us don’t even understand that we’re simply cogs within the machine.
Once we aren’t working or procuring, many people are plugged in to some type of leisure that’s full of advertisements encouraging us to “devour” much more.
The extra we devour, the deeper we go into debt.
And as soon as we get actually deep into debt they know that they’ve us trapped within the system indefinitely.
The one people who win on this twisted sport are these on the very high of the pyramid. They milk us for the whole lot that we now have obtained, after which they giggle all the best way to the financial institution.
Simply take into account how a lot money Pfizer is raking in. This yr, it’s anticipated that Pfizer may have a whopping 54 billion {dollars} in income from promoting COVID vaccines and capsules…
Pfizer tasks it is going to generate record-high income in 2022, saying Tuesday it expects to promote $32 billion of its Covid-19 pictures and $22 billion of its antiviral coronavirus therapy tablet Paxlovid this yr.
That’s one huge pile of cash.
And evidently, they are going to proceed to fund the campaigns of politicians that may make it possible for they are going to proceed to have the ability to make that form of cash for a few years to come back.
Our system is so corrupt, however most Individuals don’t appear to care.
Most Individuals are simply going to maintain “consuming” and “consuming” till the entire system lastly collapses throughout them.
Sadly, the U.S. financial system has already began to implode, and lots of imagine that 2022 goes to drastically speed up that course of.
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