Food Chain Disruptions

[malleefarmer]

Hmmmmm watch this space

Despite the alarm, authorities urged calm and tried to balance precautionary closures with the economic reality of regions highly dependent on tourism and commerce. Hotel reservations in Venice were down one-third during the first weekend of Carnival, though floods in the lagoon city late last year likely scared off visitors.

“This is not an Italian ’Wuhan,″” insisted Ivana Jlenic, president of the federation of Italian tourism and travel agencies, Fiavet. “Avoiding all travel at this time would just be alarmist.”

[jazz]

He's not saying anything other then the end is here. I suspect he's selling physical gold, not buying. Giant red flag is display of emotion. Trying to get everyone on board is a sales pitch. If it ever comes across that you are missing the boat, chances are your missing nothing but getting fleeced. He's selling fear. "It's not what you don't know that'll kill you, it's what you know for an absolute fact that'll do it"

I have heard underground rumours of an attempt to do a partial backing of US dollar with gold, assets and oil. Maybe that's what he leading to. The US as worlds reserve currency backed with gold and enforced with financial clout and energy independence.

[jazz]

Zeihan on Europe;

https://mailchi.mp/zeihan/crfeurope-1214767 The Cutting Room Files, Part 7: Europe

[macdon02]

I have heard underground rumours of an attempt to do a partial backing of US dollar with gold, assets and oil. Maybe that's what he leading to. The US as worlds reserve currency backed with gold and enforced with financial clout and energy independence.

Never ..... that's like saying govt is gonna be accountable with debt. I could see it if global debt was shrinking or a govt somewhere in the world wasn't issuing new debt without rolling the old. It would limit their borrowing ability. All that's getting done today is interest paid and re-issue the principal. And no it can't go on much longer. It will change in our life time. If this is what he's alluding to, there'd be so many clues like complete failure in lt bonds and even our ag futures would take on a "new" value. Picture Venezuela. We are not there yet.

[jazz]

Never ..... that's like saying govt is gonna be accountable with debt. I could see it if global debt was shrinking or a govt somewhere in the world wasn't issuing new debt without rolling the old. It would limit their borrowing ability. All that's getting done today is interest paid and re-issue the principal. And no it can't go on much longer. It will change in our life time. If this is what he's alluding to, there'd be so many clues like complete failure in lt bonds and even our ag futures would take on a "new" value. Picture Venezuela. We are not there yet.

Macdon as I understand it, the reserve currency is the ultimate hammer on the debt in the world. The US can simply decide to disavow the dollar, claim a debt jubilee and then create a new currency regime and go on their merry way. The rest of the world is holding those bonds and dollars. Russia has billions stuffed in mattresses. They would be all worthless. US resets, brings out its 250,000 tons of gold and says here is the new currency, either use it or don't do business with us or our banks. US would force oil trade into the new regime and nobody could stop them.

[macdon02]

Macdon as I understand it, the reserve currency is the ultimate hammer on the debt in the world. The US can simply decide to disavow the dollar, claim a debt jubilee and then create a new currency regime and go on their merry way. The rest of the world is holding those bonds and dollars. Russia has billions stuffed in mattresses. They would be all worthless. US resets, brings out its 250,000 tons of gold and says here is the new currency, either use it or don't do business with us or our banks. US would force oil trade into the new regime and nobody could stop them.

If they did that, there'd be total loss of confidence, it would be the end for the US. I understand what your saying. Im at the rink at the moment and trying to catch this Dan Pena on Joe Rogan youtube.

[furrowtickler]

If they did that, there'd be total loss of confidence, it would be the end for the US. I understand what your saying. Im at the rink at the moment and trying to catch this Dan Pena on Joe Rogan youtube.

Dan Pena is a bit over the edge , but he called it a year before Trump got elected and slams the climate cult as it is ....a cult

[errolanderson]

Cascading economic ‘sudden stops’ has been the phrase used by financial world this weekend. Disruptions in most global trade channels. Apparently, New Zealand lobsters re-released into the ocean as ship movement is stranded.

Italy appears attempting to contain a region just outside of Milan. Germany, Singapore, Korea, Iran also seeing infection spikes.

China is pouring freshly printed Yuan currency into their markets as an emergency liquidity backstop. Fed is trying to lower their bulging repo balance sheet. EU central bank in disarray. Central banks are about to lose control (IMO).

Gold may be rocketing again tomorrow. VIX volatility may be jacked as market values sway. History in-the-making . . . .

[biglentil]

Cascading economic ‘sudden stops’ has been the phrase used by financial world this weekend. Disruptions in most global trade channels. Apparently, New Zealand lobsters re-released into the ocean as ship movement is stranded.

Italy appears attempting to contain a region just outside of Milan. Germany, Singapore, Korea, Iran also seeing infection spikes.

China is pouring freshly printed Yuan currency into their markets as an emergency liquidity backstop. Fed is trying to lower their bulging repo balance sheet. EU central bank in disarray. Central banks are about to lose control (IMO).

Gold may be rocketing again tomorrow. VIX volatility may be jacked as market values sway. History in-the-making . . . .

Samsung joins Jaguar and Fiat Chrysler with factory shutdowns due to Covid19.

[jazz]

Like I said before, this crisis and some of trumps moves will renationalize a lot of production. People are seeing how vulnerable just in time supply chains are and even more so when that just in time provider is 10k miles away across an ocean and behind a communist curtain.

US was getting 90% of their pharmacutical antibiotics from china? Like who ever authorized such a short sighted move? There are lots of other examples. There will be companies who have to operate in a super slave labour area to make thier goods, those will be split up among china, vietnam, philipines and indonesia so probably to India now. Others will say the heck with it and repatriate their entire operation closer to their richest customer base which is the US.