More Like A Hard Thud

15 Replies to “More Like A Hard Thud”

1. We’re going to be in a ‘For want of a nail the kingdom was lost’ supply chain situation soon with whole industries scaling back in response to rocketing energy costs and then the inability to get the supplies and parts that they need to operate.

   Where do the parts come from to fix the truck that brings the parts?

   The west is being turned into third world economic shitholes, by design.

   1. Actually the supply chain situation is gradually improving. Shipping costs are coming down, a bit. The coming credit crunch will help fix it further.

      1. UnMe,

         Supply chain issues are NOT improving.

         I deliver truck parts for a living and the number of back orders keeps rising. The truck repair and collision shops I deliver to often wait 4 months or longer for certain parts; in fact, one shop owner told me he waited almost 6 months for a part I recently delivered to him.

         Plus, inflation and supply chain issues are escalating prices at an unprecedented rate. For example, 16 months ago the average price for “value” truck brake drums was $100. Today it is $150. A 50% increase in less than two years!

         Mr. K

         1. The shelves at cannabis store he patronizes are well stocked.

2. This has been in the planning and execution for decades. Time for people to start assigning blame where it belongs. This is not a freak of nature or even a natural cycle.

3. When whole sectors of the economy are shut down for two years and people are prohibited from carrying on any productive activity as a result, a contraction of wealth inevitably follows. Add to that the printing of large sums of money without the simultaneous printing of the goods and services that money is supposed to purchase and you have inflation. And who are most hurt? The poor and lower middle classes, as always.

   1. Those one to two year shutdowns created Key Personnel shortages, as many of the best ( those with immense experience and knowledge) simply retired. Talent drain in many industries is very real. Productivity is down…

4. Credit creation is literally the problem.

   The entire Western economy is based on debt for wealth creation. The downturns are inevitable. The more debt created the harder the fall.

   1. Yeah, that’s the “magic” of leverage when it’s working against you.

5. So good news, right?

6. Good. A credit crunch and recession will suck the air out of the markets and the inflationary poison out of the economy. It’s going to be hard for us but brutal for a bunch of taped-together shack countries. Lots of Sri Lankas to come. The real fun starts when Italy blows up. I think it might kill the EU.

   1. “The real fun starts when Italy blows up.”

      Did you forget what happened in Europe in the 1930s, after the last really big economic meltdown? How is any of that a good thing? WTF is wrong with you?

7. Not fully Wiemar Republic but we’re getting there.

8. Our economy is a bubble.. It popped.. Between covid psychopaths and green psychopaths I see no reason to reward them with any spending that might make them look good.. Put that in your democracy pipe and smoke it..

9. Its all manufactured; the energy crisis, global warming, the credit crisis, inflation, lack of productivity in the western world, world wars, globalisation and the dismantling of national independence, the asset bubble, world over population, sea and water pollution and plastic contamination, the oil crisis, the gas crisis, the water crisis ( lack of building dams whilst increasing immigration to historical highs), government red tape and bureaucracy as impediments to national productivity and progress, woke-ism, gender fluidity, drugs, mental health, undermining the family unit, overgenerous social welfare, etc, etc, etc. And now we see the cancer these liberal experiments are causing…..and we ain’t seen nothin yet!!!