The Mainstream Media Is Using Terms Like “Worsening” And “Foreseeable Future” To Describe The Shortages

Yes, these shortages are really happening, and now the mainstream media is warning us to brace ourselves because they are going to get even worse.  After the article that I posted yesterday, emails came pouring in from people all around the country.  There were a few that didn’t want to believe that things are as bad as I was saying, but there were lots of other emails that confirmed that conditions are at least as bad as I described.  In fact, there was one extremely alarming email from someone that works in the supermarket industry that I hope to share with all of you in the coming days once I get permission to do so.

For most of us, we have lived our entire lives without ever having to be concerned about shortages.  In fact, just a few years ago it would have seemed crazy to suggest that we were on the verge of widespread shortages here in the United States.

But now here we are, and we are being told that the shortages are going to continue to intensify.  In fact, the Washington Post is telling us that the global chip shortage is showing signs of “worsening”

The global semiconductor shortage that has paralyzed automakers for nearly a year shows signs of worsening, as new coronavirus infections halt chip assembly lines in Southeast Asia, forcing more car companies and electronics manufacturers to suspend production.

A wave of delta-variant cases in Malaysia, Vietnam and the Philippines is causing production delays at factories that cut and package semiconductors, creating new bottlenecks on top of those caused by soaring demand for chips.

That is really bad news, because the chip shortage is affecting thousands of other industries.

For example, global vehicle production is way down due to the chip crisis, and this has resulted in a growing shortage of new vehicles on dealer lots all over the nation

The chip famine is starving the global auto industry and putting car buyers on a strict diet. So far this year, seven million cars that were supposed to be produced haven’t been, according to IHS Markit data. Auto companies are shutting down production lines for weeks at a time and furloughing employees as a result of the chip shortage. Toyota has slashed its production 40% in September.

All this is hitting consumers. Car dealers’ lots across the U.S. are sparse. The inventory of new cars in the U.S. is only about 30% of pre-pandemic levels, and buyers snap up used cars as soon as they find them.

Of course we aren’t facing a shortage of everything.

There are certain products that are still quite plentiful.

And there are some areas that are being affected a lot more than others.

So what you are seeing in your neck of the woods may differ from what other people are experiencing.

But there are some shortages that are definitely being felt all over the country.

When the COVID pandemic first started to sweep across the U.S. last year, it sparked a huge run on toilet paper, and now it is starting to happen again

Costco Wholesale is having trouble fulfilling toilet paper orders.

The membership-only warehouse retail chain is issuing a warning to customers that have purchased the common household item online, saying they may face delays in receiving their orders.

Unfortunately, this could potentially be just the beginning.

According to one expert that was interviewed by Fox Business, there will soon be another “massive shortage” of toilet paper…

The U.S. will experience another “massive shortage” of toilet paper soon as supply chains continue to suffer due to pandemic-related issues, one retail expert warned.

“Product shortages as bad as they were in the beginning of COVID are coming back,” Burt Flickinger said on FOX Business’ “Mornings with Maria.”

Did you ever imagine that we would be talking about such a thing in late 2021?

A lot of optimists out there had assumed that the economy would be “booming” by now.

But instead, the machinery of our economy has gotten gummed up really badly.  At this point, there is even a growing shortage of alcoholic beverages

The Pennsylvania state board in charge of consumer liquor sales announced last week that it was limiting customers to two bottles of certain alcoholic beverages per day. The Pennsylvania Liquor Control Board said the purchase limit on select items — including Hennessy Cognac, Buffalo Trace bourbon and Patrón tequila — will be in place for the “foreseeable future.”

Liquor store customers in North Carolina are encountering “out of stock” signs instead of their favorite spirits, local TV station WTVD reported, amid an ongoing supply shortage there, too.

Of course so many of these problems could be solved if we simply had enough workers.

As I discussed the other day, we are in the midst of the worst labor shortage that we have ever experienced.  All over the nation critical labor shortages are crippling the ability of organizations to get things done, and now Joe Biden’s new mandates threaten to make things a lot worse.

If you can believe it, even NPR is running stories about how Biden’s mandates are going to cause gigantic headaches for employers…

“I can’t afford to lose anyone,” says Ted LeNeave, CEO of Accura HealthCare, which operates 34 nursing homes and assisted living facilities in Iowa, Minnesota, Nebraska and South Dakota. Because of staffing shortages, they’ve had to limit admissions, turning down patients coming from hospitals.

With about 1,000 of his employees — 38% of his workforce — unvaccinated, LeNeave is calling on the federal government to provide a testing option for health care workers.

Sadly, if Biden does not change his approach, that one company alone will have to let about a thousand workers go

“I just don’t see how I can lay off a thousand people,” says LeNeave. “I’d have no one to take care of the patients, and there’s nowhere to send the patients.”

Biden’s mandates should start going into effect around the end of the year, and that could represent a real turning point for the economy.

We are moving into such troubled times, but most people desperately want to believe that better times are just around the corner.

Through good times and bad, the U.S. economy has always been highly resilient, and most of us would like to assume that it will continue to be highly resilient.

But the truth is that things are starting to break down on a very basic level, and the outlook as we head toward the end of the year is not good at all.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “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 wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

Before They Were An Inconvenience, But Now The Shortages Are Really Beginning To Sting

Have you noticed that store shelves are starting to get emptier and emptier?  During the panic shopping that was sparked by the start of the COVID pandemic in 2020, there were very intense shortages of certain items, but those shortages did not last very long at all.  But now there are widespread shortages in just about every sector of our economy, and they are starting to become quite painful.  Unfortunately, we are being told to expect the shortages to intensify as we head into the holiday season.  That is extremely alarming, because in many areas the shortages are already quite severe.

I had been away from the news for a couple of days, and when I came back there were lots more stories about our ongoing shortages.  For example, the following comes from an excellent piece by Matt Stoller

There are shortages in everything from ocean shipping containers to chlorine tablets to railroad capacity to black pipe (the piping that houses wires inside buildings) to spicy chicken breasts to specialized plastic bags necessary for making vaccines. Moreover, prices for all sorts of items, from housing to food, are changing in weird ways. Beef, for instance, is at near record highs for consumers, but cattle ranchers are getting paid much less than they used to for their cows.

In my entire life, I have never seen anything like this.

Even the Federal Reserve is admitting that we have a major problem at this point.  In fact, in the latest Beige Book the Fed referred to the shortages a whopping 80 times.

In certain parts of the country, these shortages are really beginning to sting.  A reader just emailed me about what is going on in his section of Connecticut, and he said that I could share this with all of you…

I am just a regular guy in Connecticut, who has been watching things very closely, especially from a Biblical perspective. I wanted to quickly share with you an experience my wife and I had about two weeks ago at a medium-size, family run grocery store near Waterbury, CT.

Seemingly overnight, we noticed there were little yellow signs on the shelves, where certain SKUs used to be. Not entire lines, but individual SKUs. For example, a flavor of oatmeal, certain cereals, etc. The signs said something to the effect of: “This item is no longer available due to supply chain constraints”. I would say there were a few hundred signs in total throughout the store. It wasn’t until we got to the juice/water aisle that we noticed the larger problem: there was no Gatorade (?) and no bottled water (gallon jugs).

I have befriended the manager over the years, so I asked him where the water is, and he told me “…they only will give us so many bottles”. I asked who ‘they’ is, and he said the manufacturer: they were being rationed. As he said this, a truck driver happened to walk by and joined in on the conversation. He told us that he just got back from Maine, after a three-day trip- a trip that normally takes him a few hours. He said he, and all of the other truck drivers, sit at the warehouses for days, waiting for their trucks to be filled. To be clear, I asked him how long it normally takes, and he said a few hours at the most.

On our way out, I remembered that we needed dog food, so we went to the pet aisle, and there was no cat litter, and no dog food, save a few little bags of the cheapest stuff. All of the things Steve Quayle has been saying about food and water shortages suddenly became reality. I always believed him, but now I was seeing it, at the very local level.

We then decided to go to PetSmart to get the dog food. Empty. The entire dog food shelf was empty except for a few bags!

Are similar things happening in your part of the country?

If so, please feel free to email me and let me know.

We need to share intel with one another, because the mainstream media is not telling us the truth.

Of course the shortages would not be as severe if we could actually unload all of the container ships that are backlogged at our ports.  Right now, dozens of container ships are sitting along the west coast waiting to be unloaded

The number of container ships at anchor or drifting in San Pedro Bay off the ports of Los Angeles and Long Beach has blown through all previous records.

The latest peak: There were an all-time-high 73 container ships in the queue in San Pedro Bay on Sunday, according to the Marine Exchange of Southern California (the tally inched back to 69 on Tuesday). Of the ships offshore Sunday, 36 were forced to drift because anchorages were full.

Theoretically, the numbers — already surreally high — could go even higher than this. While designated anchorages are limited, the space for ships to safely drift offshore is not.

This is the same problem that I talked about the other day.

At one time we had more able-bodied workers than we knew what to do with, but now there is an extreme shortage of workers all over the globe.

Sadly, it has gotten to a point where we don’t even have enough people to drive our kids to school

School districts around the country are struggling to fill thousands of bus driver positions as worker shortages lead to late arrivals and last-minute scrambles to bring retired workers back onto payrolls.

The shortages are so bad in some places that districts are taking extraordinary steps to get kids to school as students return to in-person classes this fall. Philadelphia’s school district will pay families $300 a month, or $3,000 for the year, to opt out of transportation services and get their kids to school on their own. Albemarle County Public Schools in Virginia is offering a $2,500 bonus to new drivers — $100 more than the school district in the county seat, Charlottesville, is offering.

This is the worst labor shortage that the U.S. has ever faced, and it just keeps getting worse.

So where did all the people go?

Without enough able-bodied workers, our economy is experiencing a whole host of difficulties right now.  And when you consider everything else that has been going on, it shouldn’t be a surprise that Joe Biden’s approval rating just sunk to a new record low

Eight months after President Joe Biden’s inauguration, his job approval rating has fallen six percentage points to 43%, the lowest of his presidency. For the first time, a majority, 53%, now disapproves of Biden’s performance.

These findings are from a Sept. 1-17 Gallup poll that was conducted after the U.S. military evacuated more than 120,000 people from Afghanistan. The United States’ exit from the nation’s longest war was marred by the Taliban’s quick takeover of most of the country and a suicide bombing at the airport in Kabul, which killed 13 U.S. service members. Over the same period, COVID-19 infection rates, nationally, were surging, leading to hospital overflows in some regions.

And there are some parts of the nation where his approval rating is absolutely disastrous.  Just check out the latest numbers from Iowa

Just 31% of Iowans approved of how Joe Biden is handling his duties as president while a whopping 62% disapprove. Biden’s disapproval number is below the lowest ever measured by ace pollster J. Ann Selzer for former presidents Donald Trump (35%) and Barack Obama (36%).

“This is a bad poll for Joe Biden, and it’s playing out in everything that he touches right now,” Selzer told the Des Moines Register.

Less than a year ago, a lot of Americans were viewing Biden as some sort of a “savior” figure.

That didn’t exactly work out, did it?

Many of us have been warning that shortages and high levels of inflation were coming for a very long time, but of course most of the population is not interested in such warnings.

They just want to be told that everything is going to be okay.

But the truth is that everything is not going to be okay, and the pain that we have experienced so far is just the beginning.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “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 wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

This Is Definitely Going To Be “Not A Normal September” For The Rapidly Imploding U.S. Economy

The “good times” were supposed to be rolling by now, but instead the wheels are starting to come off, and the economic outlook for the rest of the year is not good at all.  Just yesterday, I warned my readers that things were about to get worse, and it only took exactly a single day for that to actually happen.  As you will see below, major factory shutdowns were just announced, and that is going to make shortages even worse.  Fear of COVID is restricting production all over the globe, and meanwhile national governments and central banks have been absolutely flooding their systems with fresh cash.  As a result, we now have way too much money chasing way too few goods and services, and anyone that has taken ECON 101 will tell you that will inevitably result in higher prices and shortages.

As I discussed yesterday, if there is something that you need to buy, run out and get it now because the shortages are only going to get worse in the coming months.

On Thursday, General Motors shocked the entire nation when it announced that it is going to be closing down almost all of its manufacturing facilities due to our ongoing shortage of computer chips…

General Motors will idle nearly all its assembly plants in North America starting Monday as the COVID-19 pandemic affects production of semiconductor chips overseas.

GM said its Arlington Assembly in Texas, where it makes its highly profitable full-size SUVs, will run regular production next week, along with Flint Assembly in Michigan, where it makes its heavy-duty pickups, Bowling Green Assembly in Kentucky, where it makes its Corvette, and a portion of Lansing Grand River Assembly in Michigan, where it will make some Chevrolet Camaro and Cadillac Blackwing cars.

I knew that things were bad, but I didn’t know that they had gotten this bad.

Ford also announced that it will be slashing production due to a lack of chips…

Ford Motor is once again cutting production of its F-150 pickup truck and other highly profitable vehicles due to the ongoing global shortage of semiconductor chips.

The automaker informed employees Wednesday of the cuts, which also impact production of its larger Super Duty pickups and Expedition SUV.

This was supposed to be a time when vehicle sales were soaring to all-time highs, but thanks to a lack of chips the number of new Ford vehicles that were sold last month was down by a whopping 33 percent compared to a year ago…

U.S. sales of Ford Motor’s new vehicles last month declined by 33.1% from a year earlier due to an ongoing global shortage of semiconductor chips that’s wreaking havoc on the automotive industry, the company said Thursday.

The Detroit automaker’s sales capped off a dismal month of U.S. auto sales in August, which plummeted to an adjusted selling rate of 13.09 million vehicles. That’s the worst pace since June 2020 and down from this year’s peak of 18.5 million in April, according to auto data firm Motor Intelligence.

Demand is not the problem.

There is simply not enough Ford vehicles to go around right now, and this has pushed dealer inventories to frighteningly low levels

Dealers only have about 942,000 vehicles in inventory for retail sale, compared with roughly 3 million before the coronavirus pandemic two years ago, according to Thomas King, president of the data and analytics division at J.D. Power.

Of course it isn’t just the auto industry that is dealing with these sorts of problems.

Supply chains all over the globe are in a state of complete and utter chaos, and it just seems to keep getting worse with each passing day.  I really like how Wolf Richter has described the current state of affairs…

Yesterday, just outside the ports of Los Angeles and Long Beach, a record 44 container ships were anchored, waiting. And there are hundreds of these ships hung up somewhere globally, trying to get into a port, or they’re being rerouted to different ports. And all this takes time.

And containers are stuck in ports because railroads are backlogged, trucking companies are troubled by driver shortages, and containers are hung up in railyards and clog them up to where some railroads have stopped routing trains to those particular railyards until the backlog is cleared, thereby further contributing to the pileup of containers at ports.

And each extra day that a loaded container doesn’t get to its destination is a day that it cannot be unloaded and returned to the flow of containers, and cannot be sent to a manufacturer that has goods ready to ship but cannot ship them because they cannot get empty containers.

In my last article, I discussed the fact that experts are already warning that Christmas has been ruined because of all the mayhem.

And now fear of Delta and other variants threatens to gum up the works even more.  Most Americans had assumed that we would be “returning to normal” by now, but instead we seem to be going in reverse in a lot of ways…

The delta variant of the coronavirus is preventing a return to normal and pumping the brakes on the economic recovery. Major corporations such as Apple, Facebook and Ford have pushed back their return-to-office dates from September to January. Schools are reinstating mask mandates and, in some cases, dealing with virus outbreaks, sending students home to quarantine. Restaurants and retailers are scaling back hours, as workers remain hesitant to return to lower-paying service jobs in which they are also more exposed to the virus. Meanwhile, brands including Nike and Gap are warning that factories in Vietnam and elsewhere aren’t operating at full capacity and that some items may not be available as the coronavirus surges around the world.

Authorities thought that they would be able to have the pandemic under control by now, but they have dramatically failed.

As long as these variants are sweeping across the globe like wildfire, there definitely will not be a return to “normal” any time soon.

The machinery of our economy is being shaken at a very basic level, and many believe that this is just the beginning.

For many years there have been warning signs, but our leaders have somehow been able to hold the U.S. economy together.

But now inflation is out of control, shortages are becoming exceedingly painful and confidence in our national leaders has plummeted to extremely low levels.

We haven’t even reached the official end of summer yet, and things are already starting to become very, very interesting.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five others that are available on Amazon.com including  “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 wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

The Media Says “The Delta Variant Stole Christmas”, And Severe Shortages Are Projected To Stretch Long Into 2022

Thanks to extreme disruptions caused by the global response to the pandemic, millions upon millions of Americans are going to have a very disappointing holiday season.  Supply chains are in a state of complete and utter chaos all over the world, and now we are being told that it will remain this way for the foreseeable future.  And that is actually a best case scenario.  If a new variant comes along that causes even more global disruptions, the shortages that we are experiencing right now could become even more dire.  We are so vulnerable right now, and any unexpected twists or turns could easily make things a lot worse.

Earlier in 2021, the mainstream media was full of optimistic talk about how wonderful the second half of the year would be.

But now reality is setting in.  The following comes from a Washington Post article entitled “How the delta variant stole Christmas: Empty shelves, long waits — and yes, higher prices”

“I’m afraid there is simply not enough time to get products on the shelf this year,” said Isaac Larian, chief executive of MGA Entertainment, the toy giant behind Rainbow High and such popular lines as L.O.L. Surprise and Little Tikes. “The holidays are going to be very tough and, frankly, a lot of families are not going to be able to get the toys they want.”

Mounting challenges — including factory shutdowns, computer chip shortages and clogged ports — are rattling the industry as it prepares for the crucial holiday shopping season, an eight-week window that can account for more than half of a retailer’s annual sales.

Didn’t Kamala Harris just give us a very similar warning?

If there are toys that you want to buy, you should try to get them as soon as possible, because the supply crunch is only going to intensify.

Even the biggest voices in the mainstream media are now admitting that these shortages are not going to be resolved any time soon.  The following comes from a New York Times article entitled “The World Is Still Short of Everything. Get Used to It.”

Pandemic-related product shortages — from computer chips to construction materials — were supposed to be resolved by now. Instead, the world has gained a lesson in the ripple effects of disruption.

The economic optimists assured us that the economy would be “booming” by now, but instead the shortages are worse than ever.

Earlier today, I came across a local news story about the painful shortages that small businesses in western Massachusetts are currently dealing with

This has everything to do with the supply chains. Businesses all over western Massachusetts are scrambling because they can’t get their hands on the most basic items. Silverware, takeaway containers, food items, you name it, and it’s probably in short supply.

Of course many of the largest corporations in the entire world are dealing with the same headaches.

According to Elon Musk, Tesla has been experiencing “super crazy supply chain shortages”

Elon Musk said that supply-chain snags have hindered Tesla’s plans in 2021.

“2021 has been the year of super crazy supply chain shortages, so it wouldn’t matter if we had 17 new products, as none would ship,” Musk tweeted on Wednesday.

For many companies, one of the biggest sources of pain has been a persistent lack of computer chips.

This is a worldwide phenomenon, and it is the reason why game systems like the PS5 and the XBox Series X have been so exceedingly difficult to acquire

Since the beginning of the pandemic, the demand for microchips has far exceeded supply, causing problems in every industry that relies on computers. And if you’re a Decoder listener, you know that that is every industry. Right now, major automakers have unfinished cars sitting in parking lots waiting for chips to be installed. Game consoles like the PS5 and Xbox Series X are impossible to find. And even things like microwaves and refrigerators are impacted, because they contain simple controller chips.

We were promised that things would be getting better by now, but instead this crisis just continues to escalate.

In fact, Toyota just announced that they are going to be cutting global production by 40 percent because of the shortage of chips…

In the face of an enduring shortage of computer chips, Toyota this month announced that it would slash its global production of cars by 40%. Factories around the world are limiting operations — despite powerful demand for their wares — because they cannot buy metal parts, plastics and other raw materials. Construction companies are paying more for paint, lumber and hardware, while waiting weeks and sometimes months to receive what they need.

As bad as things are now, it looks like they are about to get even worse.

One prominent shipping company just declared that they expect this crisis to persist “until the first half of 2022”

From anchorage stats to forward arrivals, ocean bookings, and inventory-to-sales numbers, all the latest data paints the same picture: The U.S. congestion crisis has never been more severe than it is now — and it’s getting worse.

Hope for any relief this year has vanished. French carrier CMA CGM is the latest in a long line of market participants to push back its timeline on normalization. Capacity constraints “are expected to continue until the first half of 2022,” CMA CGM warned on Friday.

Alarmingly, America’s import system — which is already stretched to the limit — looks like it will have to handle even higher volumes next month. The likely outcome: Carriers will be forced to cancel more sailings as terminal berths max out and ships get stuck at anchor, even more cargo will get “rolled” (pushed to a future sailing), and importers will face even longer delays and even less slot availability as they scramble to build inventories for holiday sales.

Others are even more pessimistic.

Just check out this quote

“There is no end in sight,” said Alan Holland, chief executive of Keelvar, a company based in Cork, Ireland, that makes software used to manage supply chains. “Everybody should be assuming we are going to have an extended period of disruptions.”

“No end in sight”?

“An extended period of disruptions”?

And what is going to happen if another variant comes along that creates a lot more fear?

Just today, the WHO issued a very ominous warning about a variant that is now known as “Mu”…

The World Health Organization has issued a warning about yet another new COVID-19 variant it fears could potentially evade vaccines.

That variant, called Mu, was first detected in Colombia in January, and has been announced just as the Delta variant finally appears to be peaking in the U.S.

This “Mu variant” has already spread to over 40 different nations, and there have already been more than 2,000 confirmed cases in the United States

Over 4,600 cases of the variant, whose scientific name is B.1.621, have been spotted since then, and it has spread to more than 40 countries.

Almost 2,000 cases of the variant have been detected in the United States.

So how much worse will our supply chain disruptions become if that variant starts spreading across the country like wildfire?

Most people don’t realize that we are so close to the sort of extreme economic chaos that I have been warning about.

The second half of this year was supposed to be a time when our lives started to go back to “normal”, but that is obviously now out the window.

Instead, the rest of 2021 is looking exceedingly bleak, and at any moment another sudden “surprise” could take our problems to a whole new level.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five others that are available on Amazon.com including  “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 wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

The Shortages Are Global, And We Are Being Warned That They Will Intensify

The global economy was supposed to be getting back to “normal” by now, but instead more problems are erupting with each passing day.  As I write this article, supply chains all over the planet are in a state of chaos.  The worldwide computer chip shortage is making things very difficult for thousands upon thousands of manufacturers, the process of moving products across our oceans has become insanely expensive and is often plagued by horrendous delays, and a lack of truck drivers is causing enormous headaches when it comes to transporting goods to retailers and consumers in a timely manner.  We have never seen anything like this before, and at this point even CNN is admitting that “the disruption to global supply chains is getting worse”

The vast network of ports, container vessels and trucking companies that moves goods around the world is badly tangled, and the cost of shipping is skyrocketing. That’s troubling news for retailers and holiday shoppers.

More than 18 months into the pandemic, the disruption to global supply chains is getting worse, spurring shortages of consumer products and making it more expensive for companies to ship goods where they’re needed.

Earlier this year, some of the economic optimists were projecting that we would experience a tremendous “economic boom” during the second half of 2021.

But now we are facing empty shelves, shortages and major headaches in the months ahead.

One shipping executive that was interviewed by CNN says that things won’t get any better until “the first quarter of 2022 at the earliest”

Shipping companies expect the global crunch to continue. That’s massively increasing the cost of moving cargo and could add to the upward pressure on consumer prices.

“We currently expect the market situation only to ease in the first quarter of 2022 at the earliest,” Hapag-Lloyd chief executive Rolf Habben Jansen said in a recent statement.

Here in the U.S., quite a few experts are now making very bleak predictions about the upcoming holiday season.

But we are definitely not alone.  Over in the UK, it is being reported that the “worst supply-chain crisis since the 1970s” could potentially “ruin Christmas”.

One of the big problems that the British are facing is an unprecedented shortage of truck drivers and warehouse workers.  Business leaders are begging for more EU workers to be allowed into the country, because they believe that will help to alleviate the crisis.

Empty shelves and shortages are now a daily reality in the UK, and some large fast food chains are now being forced to completely drop certain items from their menus

Gaps on supermarket shelves have been spotted across the country due to a combination of factors, including lorry driver shortages and Covid.

Supplier issues have also led to shortages at fast food chains like McDonald’s, Nandos and KFC, with some items missing from menus and branches closed.

Greggs is the latest to say that it’s short on food faves and Costa Coffee has reduced its menu due to the supply chain chaos.

Could you imagine going into a McDonald’s and not being able to order a milkshake?

Sadly, that has now become a reality at every single location in the United Kingdom…

McDonald’s says it has pulled milkshakes from the menu in all 1,250 of its British restaurants because of supply problems stemming from a shortage of truck drivers.

The fast-food chain says it is also experiencing shortages of bottled drinks.

Here in the United States, we are dealing with similar issues.

At this point, it is being reported that finding new truck drivers to hire in this country is “next to impossible”

Finding truck drivers is “next to impossible,” he said, while freight costs are rising daily. The company’s orders are arriving late and consequently facing delays in being sent to customers. On the outbound side, on-time deliveries are still above 50% but have fallen from the usual rate of more than 90%.

“We all thought it would be over by now. It’s just one thing after another,” he said. “This is going to be the norm for a while.”

For decades, we have been taking our truck drivers for granted.  We pay them poorly, we treat them like dirt, and we make them work ridiculously long hours.

But without truck drivers, our country simply cannot function.

These days, most young people don’t want jobs that require a lot of hard, physical work and that don’t pay very well.  Instead, they would rather make money producing Tik Tok videos or becoming Instagram influencers.

Traditionally, truck drivers have been strong, physical men with traditional values.  Of course our society likes to demonize such individuals these days, but maybe this crisis will get everyone to understand that we actually need them.

Even if we had enough truck drivers, we would still be facing a wide range of shortages because of the global shortage of computer chips

A global shortage of computer chips is causing major headaches for American manufacturers.

The COVID-19 pandemic has caused the disruption of supply chains and manufacturing the world over. Manufacturers of computer chips in Asia have been especially hard hit. And that means companies that make products that rely on such chips are feeling the pinch.

As I have warned previously, the computer chip shortage is causing massive headaches for thousands of other industries.

We should have never become so dependent on chip production from Asia, and now we are paying a great price.

Yesterday, I discussed the fact that Kamala Harris is warning parents to buy their Christmas presents now because of the severe shortages that are looming on the horizon.

On Fox News, contributor Leo Terrell said that this “sounds like a very dangerous warning sign”

Fox News contributor Leo Terrell expressed concern on “Fox & Friends” Tuesday that Democrats are aiming to shut down the U.S. economy again after Vice President Kamala Harris advised shoppers to consider buying Christmas presents now due to global supply chain issues.

LEO TERRELL: That scares me because that sounds like shutdown, that sounds like we’re going to expect that the economy is going to basically be locked down again. And that’s frightening. Again, the Democrats have used the pandemic to control Americans. And basically that sounds like a very dangerous warning sign.

Yes, I would definitely categorize her statement as a “warning sign”.

This is not going to be a “normal” holiday season.

And 2022 will definitely not be “normal” either.

We have moved into crazy times, and they are only going to get crazier.

A lot of people didn’t want to listen to warnings from people like me at first, but now seeing empty shelves and shortages is starting to wake some of them up.

Our economic infrastructure is being shaken, and many are starting to realize that the “invincible” U.S. economy is not actually so invincible after all.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five others that are available on Amazon.com including  “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 wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

Empty Shelves, Severe Shortages And Widespread Crop Failures Are Ahead In The Fall Of 2021

The overall mood of the nation is becoming increasingly sour with each passing day.  The pandemic seems like it is never going to end, the drama unfolding in Afghanistan is one of the greatest embarrassments in modern American history, and Joe Biden’s approval rating is sinking like a rock as it becomes clear that he is completely and utterly incompetent.  Unfortunately, average Americans will soon have even more to be stressed out about.  As we head into the fall months, our store shelves are going to be getting emptier, shortages of products will become more widespread, and it looks like we could potentially have a very bad harvest season.

I realize that I packed a lot of really bad news into that paragraph, and some of you may be tempted to think that I am exaggerating.

So let me take this one step at a time.  First, I would like to talk about crop failures.  According to the Department of Agriculture, 63 percent of all U.S. spring wheat is in “poor or very poor condition”.  Last year at this time, that number was sitting at just 6 percent…

Extreme heat is baking most of the U.S. North Dakota, South Dakota, Minnesota, Iowa and Nebraska all contain areas of extreme drought, according to data from the U.S. Drought Monitor. North Dakota and Minnesota, in particular, are experiencing near-record lows in soil moisture, according to data from the National Oceanic and Atmospheric Administration.

As a result, many crops planted this spring are wilting. Some 63% of the U.S. spring wheat crop is in poor or very poor condition, versus 6% at this time last year, according to Agriculture Department data.

So does this mean that agricultural production will be below expectations?

Yes.

In fact, the USDA is now projecting that levels of corn, wheat and soybeans will all be “at their lowest level since 2013”

The poor weather has caused the USDA to scale back its expectations for U.S. crop production in 2021—which, in turn, is causing domestic inventories to dwindle. In the USDA’s latest monthly supply and demand report, the agency pegged ending stocks for corn, wheat, and soybeans all at their lowest level since 2013.

Of course this comes at a time when we are also seeing crop failures in other key areas all over the globe.

For example, we are currently witnessing one of the worst droughts that South America has ever experienced.  Agricultural production has been absolutely devastated in Brazil, Argentina, and elsewhere, and this is going to have a huge impact all over the planet.

What this means is that global hunger is going to continue to grow rapidly, and this is extremely bad news because global hunger has already been rising at an extremely aggressive rate

Earlier this month, the humanitarian organization Oxfam released alarming statistics that measured the state of the food crisis after one year of the pandemic. Every minute, eleven people on the planet die of hunger. The number of people experiencing famine-like conditions globally has increased by six times in the past year.

Many Americans may not care about starving people on the other side of the globe, but they are going to care very much when their Christmas celebrations “are ruined” because of severe shortages in the stores.

While she was in Singapore this week, Kamala Harris specifically warned us about what is coming

“The stories that we are now hearing about the caution that if you want to have Christmas toys for your children, it might now be might be the time to start buying them, because the delay may be many, many months,” she said.

“So across the board, people are experiencing the issue. And, of course, the climate crisis is fueling a lot of this. When we look at the stronger typhoons that have disrupted shipping lanes and sea-level rise, which threatens port infrastructure as an example. So these are the many issues that are causing these disruptions,” Harris said.

Wow.

When Kamala Harris starts sounding just like The Economic Collapse Blog, then you know that it is really late in the game.

Even now, empty shelves and widespread shortages are being reported all over the nation.  Susan Duclos over at ANP has done an excellent job of documenting what is going on out there.  People from around the country have been sending photos to her, and this has helped her readers to understand that this is not a phenomenon that is just limited to a few areas.

Unfortunately, this is just the beginning.

The holiday season is expected to greatly exacerbate the shortages, and it is being reported that “new problems are arising weekly”

Grocery-store chains are still battling supply challenges that some executives said are as bad as what they saw in spring 2020, when hoarding left holes in stocks of some staples.

Industry executives say new problems are arising weekly, driven by shortages of labor and raw materials. Groceries including frozen waffles and beverages remain scarce as some food companies anticipate disruptions lasting into 2022. A wider range of products is running short and logistical challenges are compounding for many retailers.

Grocery stores are ordering more food like crazy, but we have gotten to a point where the largest U.S. food distributors simply cannot fulfill all of the orders

According to Bloomberg, some of the largest U.S. food distributors are “reporting difficulties in fulfilling orders as a lack of workers weighs on the supply chain.” Take distribution giant Sysco, North America’s largest wholesale food distributor, which is turning away customers in some areas where demand is exceeding capacity.

Worse, food inflation is about to soar: the company said prices for key goods such as chicken, pork and paper products for takeout packaging are climbing amid tight supplies. In particular, production has slowed for high-demand, labor-intensive cuts like bacon, ribs, wings and tenders, Sysco said. And if intermediate and final wholesale prices are “rising”, just wait until they emerge on the consumer side.

Needless to say, my regular readers are not surprised by any of this, because they were warned in advance that all of this was coming.

But for most of the U.S. population, the new reality that we are entering into will come as a major shock.

They had been promised a new golden era of prosperity, but instead what they are going to get is a nightmare.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five others that are available on Amazon.com including  “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 wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

The Shortages Are Going To Get Worse Later This Year As Global Supply Chains Increasingly Falter

Have you noticed that it is a lot harder to get certain things these days?  Just recently, someone in my local area was surprised when her appointment to get the windshield on her vehicle fixed was canceled because it wasn’t possible to get a replacement windshield.  This was a windshield for a very common vehicle, and normally that wouldn’t be a problem at all.  But these are not normal times.  Thanks to several factors that I will detail in this article, global supply chains are now under more strain than we have ever seen in the post-World War II era, and unfortunately it appears that things are going to get even worse as we approach the holiday season.

I know that most of you probably don’t want to hear that the shortages that we are experiencing now are going to get worse.

So you may be tempted to stop reading this article now because you don’t want to see the bad news.

But it is imperative that you understand what is ahead, and so I urge you to keep reading.

Let’s take this one step at a time.  Right now, local news outlets all over the country are doing stories about the shortages in their local areas.  Here is one example

Have you recently gone to the grocery store and found some of the shelves empty? If so, you aren’t alone.

Many people can’t find some of their favorite and essential items since the pandemic started.

As that article points out, the stores are trying to order the products that they need.

They just can’t get them.

This is happening all across the United States, and as a result the inventory to sales ratio for U.S. retailers has been pushed to the lowest level on record

In April, May, and June, the inventory-sales ratio of around 1.08 – or about 33 days’ supply – was at the lowest point in the data going back to 1992. In the years before the pandemic, the overall ratio was around 1.5, providing 45 days of supply.

So why is this happening?

Well, the truth is that there are several contributing factors, and one of them is fear of COVID.

When a single worker recently tested positive for COVID, China shut down one of the busiest port terminals in the entire world “indefinitely”

One of the world’s busiest ports partially closed this week after an employee tested positive for Covid-19. The closure raises fears of new disruptions to world trade that could slow the global economy’s recovery.

Meishan, a key terminal at China’s Ningbo-Zhoushan port, closed indefinitely Wednesday after a 34-year old worker tested positive for Covid-19. A member of the board of the Ningbo Port Group Company—which operates the port—also resigned Wednesday, citing personal reasons, reported China’s Securities Daily.

This wouldn’t be such a problem if we had not become so dependent on goods from China.

Other nations are severely overreacting to outbreaks of COVID as well, and this is making it harder and harder to move goods around the world on an efficient basis.

Another major factor that we are dealing with is a historic global shipping container shortage.

The demand for shipping containers greatly exceeds the supply, and this has pushed global shipping container rates to levels we have never seen before.

And once shipping containers are delivered to U.S. ports, there isn’t enough port workers to unload them all.

It can now literally take months for products that are made in China to get to the U.S. retailers that originally ordered them.

Of course if those products contain computer chips, they may never arrive at all.

The global shortage of computer chips is deeply affecting thousands of other industries.  For instance, it is being estimated that the global auto industry will produce 7.1 million fewer vehicles this year because of the chip shortage…

VW’s main plant in Wolfsburg is only going to be running on its early shift after summer break due to the lack of supply, Bloomberg reported this morning.

Its plant in Wolfsburg is the “world’s biggest car plant” and employs about 60,000 people. Audi is also pausing production temporarily, extending its summer break by one week, the report notes.

Global shortages of semiconductors could wind up cutting worldwide production of autos this year by about 7.1 million vehicles, Bloomberg predicted this morning.

Now we are moving into the holiday season, and many in the retail industry are anticipating a complete and utter disaster

Reuters surveyed nearly a dozen suppliers and retailers of everything from toys to computer equipment in the United States and Europe. All expect weeks-long delays in holiday inventory due to shipping bottlenecks, including a global container shortage and the recent COVID-related closure of the southern Chinese port of Yantian, which serves manufacturers near Shenzhen.

One executive that was interviewed by Reuters said that we are heading for “a major, major mess”

“It’s going to be a major, major mess,” said Isaac Larian, chief executive of Los Angeles-based MGA Entertainment Inc, which sells LOL Surprise, Bratz, Little Tikes and other toy brands to Amazon, Walmart and Target.

And another executive openly admitted that it is “too late” to save Christmas…

“It’s too late for Christmas,” said Thompson, founder of Washington-based Plugable Technologies.

This is what the immediate future of the U.S. economy looks like even if nothing else goes wrong.

So what is going to happen if another major crisis suddenly erupts in the middle of all this?

As inventories get tighter and tighter, prices are rising to compensate.  One area that I am particularly interested in is the price of food.  According to the FAO, the global price of food is 31 percent higher than it was a year ago…

Whether at supermarkets, corner stores, or open-air markets, prices for food have been surging in much of the world, forcing families to make tough decisions about their diets. Meat is often the first to go, ceding space to less expensive proteins such as dairy, eggs, or beans. In some households, a glass of milk has become a luxury reserved only for children; fresh fruit, once deemed a necessity, is now a treat.

Food prices in July were up 31% from the same month last year, according to an index compiled by the United Nations’ Food and Agriculture Organization.

Have global paychecks risen 31 percent over the past year to keep up?

No way.

As a result, many are having a much harder time buying the food that they need and more people are going hungry.  Needless to say, this is setting the stage for the sort of global crisis that I have been warning about.

There was so much optimism during the first half of 2021, but now everyone is starting to realize which way all the needles are pointing.

Very choppy seas are ahead, and those at the helm do not seem to know what they are doing.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five others that are available on Amazon.com including  “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 wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

Outsourcing The Production Of Virtually Everything Has Brought Us To The Brink Of A Nightmare Scenario For The U.S. Economy

Many of the imbalances that are contributing to the nightmarish shortages that we are currently witnessing are not going to be solved any time soon.  Ever since I started The Economic Collapse Blog, I have been warning that outsourcing the production of just about everything and running massive trade deficits year after year would eventually have very serious consequences down the road.  Well, now we are officially “down the road”, and our incredibly foolish trade policies have put us in a very precarious position.  During the “good times”, being extremely dependent on the rest of the world to make stuff for us wasn’t a problem, but now it is rapidly becoming a national security issue.

For example, without a steady flow of computer chips, our society as it is formulated today simply could not function.  We need computer chips for our vehicles, for the trucks that transport all of our goods, for the farm equipment that produces our food, for the extremely sophisticated equipment in our hospitals and for the millions upon millions of electronic devices that connect to the Internet.

The global chip shortage has been a very painful reminder of how exceedingly dependent we have become on technology, and it has also shown us how unwise it was to outsource production of most of our chips to Asia.

Back in 1990, the United States produced 37 percent of all computer chips in the world.

Today, that number has fallen to just 12 percent.

Business leaders are now pledging to start ramping up production here in the U.S., but that will take an extended period of time, and Intel’s CEO is openly admitting that the current shortage of chips could take “several years” to be resolved…

Intel Corp’s (INTC.O) CEO said on Monday it could take several years for a global shortage of semiconductors to be resolved, a problem that has shuttered some auto production lines and is also being felt in other areas, including consumer electronics.

Sadly, there are many other industries where our outsourcing makes us extremely vulnerable.

Did you know that 60 percent of all apple juice that is sold in this country now comes from China?

Taken together, these laws explain why the apple orchards near my hometown disappeared. Nearly 60 percent of the apple juice sold in the United States comes from China, even though most of America has a climate conducive to apple production. The problem is so bad that salmon caught in the United States is shipped to China for processing and then shipped back to the United States for consumption.

There is no reason why we can’t make our own apples.  In fact, weather conditions are ideal for apple growing in much of the nation.

And how hard can it be to gather apples and squeeze the juice out of them?  We should be able to do that here.

But during the “good times”, big corporations discovered that they could make a little bit more profit by outsourcing to China, and so that is what they did.

Over the decades, big corporations have come to dominate food production in America, and this has pushed small family farmers to the brink of extinction

The design of this framework benefits only the largest farmers who have the resources to produce these commodities at scale. For family farmers, the impact has been devastating. The share of each dollar spent on food that winds up in the hands of farmers has fallen from 53 cents in 1946 to 14 cents today, the lowest level ever recorded. Diversified family farms raising a variety of crops and livestock have been replaced by large industrial operations exclusively growing commodities like corn and soy at scale.

This grimness has caused countless family farms to throw in the towel. Since 1980, America has lost 50 percent of its cattle farms, 80 percent of its dairies, and 90 percent of its hog farms. As Benson and Butz threatened, farmers were forced to choose between getting big or getting out. The average size of a farm nearly doubled from 650 acres in 1987 to 1,201 acres in 2012.

As long as relations with China are good, we will be able to get the apple juice, salmon and other food products that we need from them.

However, if relations with China get really sour, all of a sudden there will be a whole bunch of basic things that will be in short supply and that we won’t be able to make for ourselves.

Speaking of China, there is a very serious shortage of shipping containers right now.  And one factor that is making it worse is that we buy far more from China than they buy from us.  So empty shipping containers are stacking up on our side of the Pacific Ocean because there is not enough commercial traffic going back the other way.

Sometimes empty shipping containers are shipped back to foreign ports without anything in them, but this is exceedingly wasteful

Using export data from U.S. Customs and Border Protections compiled by trader intelligence data firm Import Genius, Earther analyzed thousands of U.S. export records marked “empty container” shipped by Thor Joergensen A/S, a supplier based in Denmark whose largest customer is Maersk Logistics.

We found that in 2020, 668,086 empty containers were shipped to foreign ports around the world, 12 times more than in 2019. At the height of this empty container frenzy, in November 2020, 87,000 ghost containers were exported, 87 times more than at same time in 2019.

Another shortage that is weighing heavily on the U.S. economy is the worker shortage.  Even though employment is still way, way below pre-pandemic levels, millions of Americans have decided that they simply do not want to go back to work because of the generous government benefits that they are now bringing in.

As a result, we are now facing a serious worker shortage, and the U.S. Chamber of Commerce says that it is “getting worse by the day”

“The worker shortage is real — and it’s getting worse by the day,” US Chamber of Commerce President and CEO Suzanne Clark said.

Most big corporations can easily pay more to bring in new workers, but many small businesses that are barely scraping by cannot afford to shell out higher wages.  Along with other factors such as widespread shortages and higher commodity prices, this is creating a “perfect storm” that threatens to force many more small businesses to shut their doors.  In fact, one recent survey found that 35 percent of all small businesses in America are “at risk of closing permanently by the end of the summer”

As small businesses complain that it has never been harder for them to hire workers according to a recent NFIB survey, many are facing growing pressure to survive. As the American economy continues to reopen, some fear it might not happen soon enough to save thousands of small businesses. Data from Alignable’s June Revenue Poll shows that 35% of all small business owners are still at risk of closing permanently by the end of the summer.

Among the 3,772 small business owners in the 10 days ended June 1, Alignable’s June Revenue Poll showed a myriad of factors – including the remaining closures and restrictions, growing inflationary pressures on prices, rising gas and transportation prices and labor shortages – are creating problems that affect small businesses more intensely than their corporate partners.

The U.S. economy has proven to be quite resilient, but the extreme imbalances that we are witnessing now threaten to cause immense damage in the months ahead, and they won’t be solved any time soon.  In fact, I believe that our economic challenges will soon escalate dramatically.

Before I end this article, I want to take a moment to acknowledge the passing of Robert Wenzel.  He was an important voice for liberty, and I always enjoyed his commentary on The Economic Policy Journal.

So many people have been dying lately.  Robert was only 63, and he will be missed.

It has been said that life is like a coin.  You can spend it any way that you want, but you can only spend it once.

Be sure to spend your life on something that really matters.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

The Economic Collapse