Global Supply Chain Crisis 2021: Megathread - A cozy thread for watching the supply chain fall apart just in time for the holidays

[Uncle Buck]

The eco-terrorists and subhuman communist filth that control the effective rogue nation that is the Peoples "Democratic" California Republic are primarily responsible:

Empty Christmas Stockings? Don't Blame COVID, Blame California | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

The California Version of The Green New Deal and an October 16, 2020, EPA Settlement With Transportation is What's Creating The Container Shipping Backlog - Working CA Ports 24/7 Will Not Help, Here's Why - The Last Refuge

Hundreds of requests for details on the specifics of the container shipping backlog. So, I spent 3 days calling sources, digging for details and gathering information on the substantive issue at hand. The epicenter of the problem is not what is being outlined by financial media, corporate...

theconservativetreehouse.com

Much like their failures to expand their reservoirs and otherwise properly manage their water resources over a four-decade period which has seen their population double, and much like their abject failure to properly manage their land and utilities which has been the biggest contributor to their wildfire problem, they're now creating another problem in an effort to bring down the entire nation.

 

[Hippopatumus]

Kek

Why does that chart stop in January

I just looked for an updated version and they said they no longer chart M-1 money supply

Wonder what it looks like now

I think it's delayed a bit. Anyway that is the M1SL chart which replaced the M1.

 

[Sped Xing]

Please explain to the retard what M1 money means. Is that how they pay for tanks?

 

[The golden neckbeard]

Please explain to the exceptional individual what M1 money means. Is that how they pay for tanks?

If I remember correctly from my brief Ron Paul Anti-Federal Reserve 2008 crisis days....Its the amount of money in the economy circulating or deposited.....the M2 is the velocity at which it is used for things. You can't really get much information from the m1 without looking at the m2.

If the m2 chart looks similar it means inflation is coming. If the m2 is going down its irrelevant as the money is not being spent.

 

[Hippopatumus]

The M2 chart looks similar

 

[Terrifik]

You will own nothing you will be happy!
But yes you should consume now.

 

[Shield Breaker]

The thread of this argument, in a nutshell.

"The supply chain is collapsing! We're headed for a new depression! Doooooom!"
"Yeah! Make sure to buy Christmas presents ASAP."
"If your priority is making sure to buy things you don't need before they become unavailable, you should reassess."
"WHAT, DO YOU HATE LOVE???"

So yeah, ITT: vapid consoomers.

I buy my kids shit early on. I'm gonna guess you never had children or grandkids.

Frankly, it should've risen to $15 years ago, but even if it did rise to that now, it still wouldn't be enough anymore.

Fuck no. I'm sure it's needed on the coasts, but I like everything being cheap here.

 

[Puff]

Oh, yeah. Similar things are afoot in Texas, but instead of chinks, it's Californians and Rustbelters.

That's way worse. Pray for us.

I do that from the rustbelt to the south now. The trick is I'm operating from my hometown to get away from the hellscape that is a purple state during covid.

 

[Rei is shit]

Its over.

 

[Sped Xing]

I buy my kids shit early on. I'm gonna guess you never had children or grandkids.

Fuck no. I'm sure it's needed on the coasts, but I like everything being cheap here.

It's really wholesome that y'all assume I was talking about people buying toys for kids. Christmas is for chilluns. Adults who expect to receive lavish gifts are gross.

It's annoying that y'all think the issue was "you shouldn't buy Christmas presents early," but I give up. Obsessing about buying shit you don't need as quickly as you can because you think the world is ending is totally not consumerism, fine.

 

[George Lucas]

I buy my kids shit early on. I'm gonna guess you never had children or grandkids.

Fuck no. I'm sure it's needed on the coasts, but I like everything being cheap here.

I’m legitimately surprised by the number of people here who think no-skill workers who can barely read deserve upwards of $15/hour.

 

[Blasterisk]

I’m legitimately surprised by the number of people here who think no-skill workers who can barely read deserve upwards of $15/hour.

What anyone deserves is a fair wage paid in money that keeps its value - who tf cares about 15 when in a decade you need 25 to buy cheaper, crappier things?

 

[contradiction of terns]

Apparently for the last two days the number 1 trending spot on Twitter has been occupied by the hashtags #BareShelvesBiden and #EmptyShelvesJoe. Here is a delightful article about it. Some images from the article:




And then this just because it amuses me:

 

[Jet Fuel Johnny]

A bit of PL and non-expert observations from the Mid-West.

Spoiler

Like I've mentioned in other threads, I live near a MAJOR railway intersection, switching yard, and loading yard. We're talking that it employs probably half the town that works. (Meth is most of the rest, gotta keep those engineers in their meth)

Before Covid, my wife and I used to stay up late, drink coffee, and listen to the rails "sing and thunder", which is when you had these MASSIVE trains coming in that were so heavy it made the railroad tracks emit high pitched noises and the crashing of the trains connecting and disconnecting.

During the high point of Covid, literally months went by without too much singing.

During the summer, there was a little.

But we're back to the rails being quiet about 3-4 nights out of the week.

I also live in farm country. Corn, sorghum, wheat, barely, and the like. Cows. Lots and lots of cows.

Noticed a lot of farmers grew clover this year. Sure, that's good for the land and shit, but that also says that they weren't producing mass food. Asked one guy at the bar, he said that last year they had a hard time selling because of the logistics issue so a LOT of stock got sold really cheap. Apparently the local bank went "You know what, grow clover, we'll just do no payments no interest this year" and so a lot of fields were clover or short feed crops.

As far as cows, I noticed the herds looked a lot slimmer this year. Not as many.

The price to buy in on a cow was cheaper by about $200 too. Same with a pig.

So, while you have California shooting the rest of the nation while they blast off their own feet, there's other shit going down.

Just observations.

Now for ol' timey "Tell us about the old days, Crazy Uncle Johnny" bit.

Back when I was younger, presents and new toys were for birthdays and Christmas. Food was in seasons. You got new clothing in September and May.

It helped when I was seriously poor, being able to even out my expectations and desires and not need the brand new everything right now. Raised my kids not to expect the newest thing and not to break shit because it might take months to be replaced, if ever.

I wonder if the rest of the US is going to have to adopt that mindset? If the instant gratification of cheap and plentiful consumer goods and year round everything food is going to come to an end.

Rising fuel costs, rising costs in material transportation, everything else.

Just some odd things.

 

[George Lucas]

What anyone deserves is a fair wage paid in money that keeps its value - who tf cares about 15 when in a decade you need 25 to buy cheaper, crappier things?

Do you think the teenager next door is going to bring in at least $2400 more per month to a local business? Because that’s how much $15/hour costs, not including payroll taxes, insurance, and other employment costs, and that’s just to break even.

It’s almost like labor is naturally priced for what the market can bear. Who knew Adam Smith knew what he was talking about?

 

[Gar For Archer]

A bit of PL and non-expert observations from the Mid-West.

Spoiler

Like I've mentioned in other threads, I live near a MAJOR railway intersection, switching yard, and loading yard. We're talking that it employs probably half the town that works. (Meth is most of the rest, gotta keep those engineers in their meth)

Before Covid, my wife and I used to stay up late, drink coffee, and listen to the rails "sing and thunder", which is when you had these MASSIVE trains coming in that were so heavy it made the railroad tracks emit high pitched noises and the crashing of the trains connecting and disconnecting.

During the high point of Covid, literally months went by without too much singing.

During the summer, there was a little.

But we're back to the rails being quiet about 3-4 nights out of the week.

I also live in farm country. Corn, sorghum, wheat, barely, and the like. Cows. Lots and lots of cows.

Noticed a lot of farmers grew clover this year. Sure, that's good for the land and shit, but that also says that they weren't producing mass food. Asked one guy at the bar, he said that last year they had a hard time selling because of the logistics issue so a LOT of stock got sold really cheap. Apparently the local bank went "You know what, grow clover, we'll just do no payments no interest this year" and so a lot of fields were clover or short feed crops.

As far as cows, I noticed the herds looked a lot slimmer this year. Not as many.

The price to buy in on a cow was cheaper by about $200 too. Same with a pig.

So, while you have California shooting the rest of the nation while they blast off their own feet, there's other shit going down.

Just observations.

Now for ol' timey "Tell us about the old days, Crazy Uncle Johnny" bit.

Back when I was younger, presents and new toys were for birthdays and Christmas. Food was in seasons. You got new clothing in September and May.

It helped when I was seriously poor, being able to even out my expectations and desires and not need the brand new everything right now. Raised my kids not to expect the newest thing and not to break shit because it might take months to be replaced, if ever.

I wonder if the rest of the US is going to have to adopt that mindset? If the instant gratification of cheap and plentiful consumer goods and year round everything food is going to come to an end.

Rising fuel costs, rising costs in material transportation, everything else.

Just some odd things.

That’s one reason I’m looking forward to a massive, unprecedented economic downturn. Things have been too good for too long, and prosperity has made the American people fat, complacent and weak. We could all do with a little taste of hardship - not a mass famine or anything, but just a stop of the mass consoomerism that has only grown worse throughout the last half century.

 

[Zbk3VmLfujjzjxBd43tL]

I’m legitimately surprised by the number of people here who think no-skill workers who can barely read deserve upwards of $15/hour.

It depends on the job and place. In large cities with high costs of living, no-skilled workers absolutely do deserve $15/hour. And with the way inflation is working lately, we need to start paying people $15/hour because why the fuck should anyone work for $8/hour when $8/hour is now well under minimum wage?

 

[Montalbane]

So.
Just my two cents regarding italy.
Thing may get ugly as gas and oil prices rise.
We are almost at two euros per liter for petrol (We call it Benzina verde) to put it into perspective the last time this happened we had a three months revolt from blue collar workers organizing and blocking roads and what not.
And this was under a decent economy.

So if it happens again we might see more violence to the point where I don't know if the state can hold.
Prices are rising everywhere and lots of places are out of workers and morale and trust in the authorities is fucking low.

Also the state has revealed itself as a paper tiger.
Cops may arrest you for covid stuff and whatnot but nothing can be brought to court because if our equivalent of SCOTUS deliberates in regards of the situation it is not guaranteed it would be in favor of the state.

I for one can't wait to see what happens next.

 

[Never Scored]

Do you think the teenager next door is going to bring in at least $2400 more per month to a local business? Because that’s how much $15/hour costs, not including payroll taxes, insurance, and other employment costs, and that’s just to break even.

Look at this rube who thinks you get full time hours at those jobs.

It’s almost like labor is naturally priced for what the market can bear. Who knew Adam Smith knew what he was talking about?

Right, but what people are arguing is we are in an inflationary scenario where the federal government is printing money, there is a labour shortage and so the market can bear more. Indeed, the big corporations who know how the market works seem to be giving people increases in wages, McDonald's in my area are hiring people for $14.25/hour. The people offering someone $8/hr in our current environment are just boomers who can't get over a mental block.

At the end of the day you can argue all you want about what people deserve, but if a person can't cover rent and groceries working full time, they're just not going to work. If a business does not have employees it will cease to operate. So if you want to keep your business going and you can't find employees, you have to pay those people sitting at home enough to motivate them come work for you or you have to close due to a labour shortage. That's how the market works.

 

[Shadfan666xxx000]

I’m legitimately surprised by the number of people here who think no-skill workers who can barely read deserve upwards of $15/hour.

Inflation exists and eventually wages would have to catch up to justify people getting out of the dole. We could argue against it back in 2015 as a stupid mandate but with how fucked the economy just got and how much everything has accelerated with regards to inflation, we can’t easily justify not raising wages anymore.