The last couple of years have actually not been enjoyable, and so nobody wants to hear that more difficulty is ahead for the U.S. economy. Sadly, that is precisely what the mainstream media is telling us right now. A year ago, numerous of the talking heads on tv were guaranteeing us that a brand-new golden era of success was best around the corner, however naturally that wasn’t real at all. The dismal performance of the economy has been mirrored by Joe Biden’s rapidly declining approval numbers, and at this point there is a significant amount of pessimism about the rest of 2022.
But is that pessimism warranted?
CNN just talked to the CEO of Maersk about the dreadful supply chain crisis that is gumming up the whole worldwide economy, and the news wasn’t good.
In fact, we are being told that “more difficulty is ahead”…
Maersk has a front-row seat to international supply chains. It states more problem is ahead.
Needless to say, the CEO of Maersk is in a position to understand the existing state of international supply chains far better than you or I do.
This is a world that he is immersed in every day, and right now he sees “absolutely nothing in the numbers” that indicates that things are going to turn around any time quickly …
The supply chain issues that have actually walloped the worldwide economy and spurred inflation throughout the coronavirus pandemic are not getting much better, Maersk CEO Søren Skou informed CNN Service on Wednesday.
“Right now the situation does not appear to be getting considerably much better,” Skou informed Alison Kosik on First Move. “I wish I could state that things are improving, however today there’s absolutely nothing in the numbers to suggest so.”
Meanwhile, CNN is also reporting that inflation at junk food restaurants continues to hit consumers actually hard …
Buying a burrito bowl or a hamburger will hit your wallet a lot harder nowadays.
What’s taking place: An order at Chipotle (CMG) costs about 10% more than it did one year earlier, the dining establishment chain stated when reporting revenues on Tuesday. That implies that if a steak burrito cost $8 this time in 2021, it’s now $8.80.
Naturally it isn’t just the price of fast food that is increasing dramatically.
According to a brand brand-new survey that was just launched, the percentage of small business owners in America that is raising prices is the highest that it has actually been given that 1974…
The National Federation of Independent Businesses, a Tennessee-based association of small business owners, found that the net percent of owners raising typical selling prices rose to 61% in January, a four-point boost from the previous month and the greatest reading because the 4th quarter of 1974.
1974 was not a good year for our country.
And 2022 will not be a good year for us either.
I need to admit that the economy in 2022 is the weirdest economy that I have ever seen in my entire lifetime. For example, even though we are dealing with a severe labor shortage, the variety of homeless people continues to take off greater also.
In the San Francisco area, the variety of homeless is growing so quickly that numerous personal property owners are now being motivated “to give their spare spaces over to the homeless” to assist combat the issue …
Homelessness in the Bay Area has ended up being such a problem individuals are being urged to give their spare spaces over to the homeless.
Some charities have prompted local households– who are ill of seeing the homeless crisis on their doorsteps– to do something about it personally by taking unhoused people into their own houses and spare spaces– and some plans have little to no payment.
Regretfully, most of the homeless in California are addict, so it isn’t exactly safe to have them bunking with your children.
Obviously most Americans are addicts of one kind or another at this point. Rather of focusing on what we can contribute to society, most of us have actually been trained to consume, take in and after that consume some more. I really like how Charles Hugh Smith made this point in his newest short article…
One aspect no one appears to see is the improvement from a society that when drew its identity from producing quality products and servicesto a society that draws its identity from consuming crapified items and services.Now that Americans specify themselves by consuming, they are enslaved to intake: to limit intake is to disappear– and ‘hanging out” on social networks is a kind of intake, even if no products or services are purchased directly, as one’s attention/ time are important products.
In other words, Americans have been trained like Pavlov’s pets to take in, no matter how poor the quality and service.We simply purchase it anyway, and grumble over the rotting quality and service– however we won’t take the only action that would impact corporations and the government: stop buying the products and services.Opt out, drop out, make it in your home, cancel the service, just stop purchasing abysmally made junk and pathetically bad services.
The majority of us do not even realize that we are just cogs in the machine.
When we aren’t working or going shopping, a number of us are plugged in to some kind of home entertainment that is filled with ads encouraging us to “consume” a lot more.
The more we consume, the deeper we go into debt.
And as soon as we get really deep into financial obligation they know that they have got us caught in the system forever.
The only individuals that win in this twisted game are those at the very leading of the pyramid. They milk us for whatever that we have actually got, and after that they laugh all the way to the bank.
Just think about how much cash Pfizer is raking in. This year, it is anticipated that Pfizer will have a whopping 54 billion dollars in income from selling COVID vaccines and pills …
Pfizer predicts it will generate record-high revenue in 2022, stating Tuesday it anticipates to sell $32 billion of its Covid-19 shots and $22 billion of its antiviral coronavirus treatment tablet Paxlovid this year.
That is one huge stack of cash.
And needless to say, they will continue to fund the campaigns of political leaders that will ensure that they will continue to be able to make that sort of money for several years to come.
Our system is so corrupt, but the majority of Americans do not seem to care.
A lot of Americans are just going to keep “consuming” and “consuming” up until the entire system finally collapses all around them.
Sadly, the U.S. economy has currently begun to implode, and lots of believe that 2022 is going to greatly accelerate that procedure.
*** It is lastly here! Michael’s brand-new book entitled “7 Year Armageddon” is now available in paperbackand for the Kindleon Amazon. ***
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