We are facing an unprecedented international energy crunch. Need for energy is constantly rising, and the production of energy is not keeping pace. One of the biggest factors for this is that large financial institutions have ended up being exceptionally reluctant to fund any brand-new energy tasks that will include more carbon emissions to the environment. Rather, they wish to money tasks that will help us shift to the brand-new “green economy”, however on the other hand we are getting to a point where we will soon see widespread scarcities of conventional kinds of energy. So now all of us get to suffer. An absence of oil is pushing the price of gasoline to disconcerting heights, shortages of natural gas are currently causing significant interruptions in Asia and Europe, we are being informed that we are dealing with a gas “armageddon” this winter, and supplies of coal have dropped to dangerously low levels around the world.
To put it simply, we are potentially heading into the most unpleasant international energy crisis in modern history.
When CNN asked Blackstone CEO Stephen Schwarzman about this, he honestly admitted that we are “going to end up with a real lack of energy”…
Blackstone CEO Stephen Schwarzman warned Tuesday that high energy rates will likely set off social discontent worldwide.
“We’re going to end up with a genuine lack of energy. And when you have a scarcity, it’s going to cost more. And it’s probably going to cost a lot more,” the private-equity billionaire informed CNN International’s Richard Mission at a conference in Saudi Arabia.
When the power heads out, people are not going to be happy.
And people are really not going to be happy if it goes out for a prolonged period of time.
According to Schwarzman, we will soon see “really unhappy individuals” all over the world …
“You’re going to get really unhappy individuals around the globe in the emerging markets in particular however in the industrialized world,” Schwarzman stated at the Future Investment Effort. “What occurs then, Richard, is you have actually got real discontent. This challenges the political system and it’s all entirely unnecessary.”
Sadly, he is best that this worldwide energy crisis did not need to happen.
If the international elite had continued to money standard energy tasks at the speed that was required, we might have avoided this headache to a large degree.
But conventional kinds of energy are now being shunned, and billions of individuals will suffer as a result.
Meanwhile, rates throughout our financial system continue to rise at an extremely alarming speed. Simply have a look at what has been taking place to the price of turkey…
The U.S. Department of Agriculture, for example, released information just recently revealing the average wholesale cost of Grade A frozen 8- to 16-pound turkey has surged by 21.91% given that in 2015. That indicates what cost $1.15 per pound a year ago will now call at $1.41. And simply for context, the same would have cost 96 cents in 2019 and 84 cents in 2018.
If math isn’t your thing, that’s a 68% wholesale price boost in simply two years.
Overall, we are being informed that this upcoming Thanksgiving will be the most expensive Thanksgiving that any of us have actually ever experienced…
Matthew McClure paid 20% more this month than he did in 2015 for the 25 pasture-raised turkeys he prepares to roast at the Hive, the Bentonville, Arkansas, dining establishment where he is the executive chef. And Norman Brown, director of sweet-potato sales for Wada Farms in Raleigh, North Carolina, is paying truckers nearly two times as much as usual to transport the crop to other parts of the nation.
“I never ever seen anything like it, and I have actually been running sweet potatoes for 38 or 39 years,” Brown said. “I do not know what the answer is, however in the end it’s all going to get handed down to the consumer.”
Unfortunately, more price hikes are on the horizon.
In fact, Kimberly-Clark is opening alerting that they are going to be improving prices even greater…
Costs of toilet tissue, diapers, facial tissues and paper towels will likely increase in coming weeks as Irving-based customer giant Kimberly-Clark cautioned Monday that inflation and supply chain concerns aren’t “most likely to be dealt with rapidly.”
So I would stock up on paper items while you still can.
In case you haven’t figured it out yet, inflation is eventually going to get far even worse than what we witnessed throughout the 1970s.
At this point, even numerous top Democrats are warning that high inflation is with us to remain. Here is one recent example…
Former President Barack Obama’s chief of worldwide development on Tuesday predicted inflation was here to remain, despite the Biden administration’s protestations to the contrary.
Rates “will go higher, and the Fed has misread the inflation characteristics in a big method,” former Global Development Council Chairman Mohamed El Erian said in an afternoon interview with Fox News’ Sandra Smith, including that the Federal Reserve was “still captive to this idea that it’s transitory.”
And the scarcities that we are currently experiencing are ultimately going to get even worse too.
Today, we are already dealing with the worst shortage of liquors given that the 1930s. When asked about his empty shelves by a reporter, one filling station owner stated that he has “never seen anything like this”…
Supply chain concerns are impacting the alcohol supply in the U.S., and it’s making alcohol more pricey and difficult for bars and alcohol stores to get.
“I have a lot of empty shelves. In the 2 years of doing this, I have actually never ever seen anything like this,” gas station chain owner Ali stated.
As I talked about the other day, now Biden wants to take countless more truck drivers off the road, which will make our supply chain headaches a great deal worse.
And as energy costs intensify, that will push all prices throughout our financial system higher and greater and higher.
Yes, all of this is actually occurring.
This is not a drill.
We remain in the early chapters of a full-blown economic crisis of legendary proportions, and absolutely nothing will ever be the very same after this.
If you want to keep waiting on conditions to “return to regular”, you are going to be waiting for a really, really long time.
We have actually gotten in a truly terrible headache, and there will be no waking up from this.
*** It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperbackand for the Kindleon Amazon. ***
About the Author: My name is Michael Snyder and my brand new book entitled “7 Year Armageddon”is now offered on Amazon.com. In addition to my new book I have written five other books that are offered on Amazon.comconsisting of “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, “Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned) By purchasing the books you help to support the work that my other half and I are doing, and by providing it to others you help to increase the impact that we are having on individuals all over the globe. I have actually published thousands of short articles on The Financial Collapse Blog, End Of The American Dreamand The Most Essential News, and the posts that I release on those websites are republished on lots of other prominent sites all over the globe. I always freely and happily permit others to republish my articles by themselves websites, however I also ask that they include this “About the Author” area with each article. The product consisted of in this article is for general information purposes only, and readers should speak with certified experts prior to making any legal, organization, financial or health choices. I motivate you to follow me on social networks on Facebookand Twitter, and any way that you can share these articles with others is a great aid. Throughout these extremely challenging times, individuals will require hope more than ever before, and it is our goal to share the gospel of Jesus Christwith as many people as we perhaps can.