For approximately a year now, there has been a struggle in getting container ships docked at ports to unload goods from overseas.
Ships have been seriously backed up and it has not gotten any better.
Joe Biden has done nothing to help this problem, in fact, all he seems to have done is make everything worse.
As you are aware, there have been container ships piling up at the ports for quite a while now and this is one of the main reasons why people were worried about being able to get things at Christmas time and why the shelves are bare in many grocery stores.
Well, brace yourselves friends, because it looks like it’s about to get worse. As it turns out, China is shutting down major ports because of the sickness that we get penalized if we mention.
According to Zero Hedge,
And, as we have also discussed in recent weeks, one place where this growth slowdown is emerging – besides the upcoming deterioration in US consumption where spending is now being funded to record rates by credit cards before it encounters a troubling air pocket – is China and its “c-v-d-zero” policy in general, and its c-v-d-locked down ports in particular.
But what until recently was a minority view confined to our modest website, has since expanded and as Bloomberg writes overnight, the effects of restrictions in China as the country maintains its C-v-d-zero policy “are starting to hit supply chains in the region.” As a result of the slow movement of goods through some of the country’s busiest and most important ports means shippers are now diverting to Shanghai, causing the types of knock-on delays at the world’s biggest container port that led to massive congestion bottlenecks last summer that eventually translated into a record number of container ships waiting off the coast of California, a glut that hasn’t been cleared to this day.
With sailing schedules already facing delays of about a week, freight forwarders warn of the impact on already back-logged gateways in Europe and the US and is also why HSBC economists are warning that the world economy could be headed for the “mother of all” supply chain shocks if the highly infectious omicron variant which is already swamping much of the global economy spreads across Asia, especially China, at which point disruption to manufacturing will be inevitable.
“Temporary, one would hope, but hugely disruptive all the same” in the next few months, they wrote in a research note this week first noted by Bloomberg.
This is a partial result of being so dependent on other countries. Imagine how great our country would be if instead of outsourcing everything to other countries like China, we were self-reliant. We would have lower unemployment and we would be much better off.
For an example of this, just compare the oil situation between when President Trump was in office to now. When he was in office, we were not only oil independent, we were an exporter of oil. Now, under Biden, we are once again dependent upon enemy countries to give us much of our oil and as a result, oil prices have gone up and in turn, gas prices have gone up.