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Supply Chain Congestion Set To Worsen As Container Rates Rebound On Easing China Lockdowns 

Supply Chain Congestion Set To Worsen As Container Rates Rebound On Easing China Lockdowns 

Update (Friday): The locked-down megacity of Shanghai eased pandemic restrictions this week and will see public transportation networks reopen as soon as Sunday. After two months, the city of 26 million people appears to have contained the spread of COVID-19 via China’s zero COVID policy.

Restarting Beijing could be problematic for the rest of the world. We laid this out Thursday. The city’s lockdown and reduced port capacity created a massive backlog of products that need to be loaded on container ships and hauled westward.

Maersk and Goldman Sachs (in two separate reports) outlined the immediate restart of Beijing would create renewed global supply chain congestion.

We told readers to monitor trans-Pacific container freight rates closely as a proxy for China’s restart.

New data from Fearnley Securities indicates container rates have finally rebounded after slumping for much of this year. This is an early indication that economic activity in Shanghai could be increasing as pandemic restrictions ease.

Fearnley’s Peder Nicolai Jarlsby expects a surge in freight volumes as container rates increase. He added this would be a bullish development for shares of A.P. Møller – Maersk A/S, the world’s largest container shipping company by capacity, and shipper Hapag-Lloyd.

Focusing on 40ft container freight rates on the Shanghai-Los Angeles shipping lane, prices have found higher lows and appear to be turning up after a 30% decline since peaking last September.

Goldman warned earlier this week: “We could see a resurgence of ship bottlenecks if sudden restarts in China lead to renewed sailings all at once.”

And if that’s the case, container rates for major shipping lines in the trans-Pacific region could increase more as shipping volumes surge. This would mean renewed supply chain congestion could hit US shores in late summer, perfect timing ahead of the US midterm elections.

…click on the above link to read the rest of the article…

This time really is different

This time really is different

The UK may have avoided a technical recession – two successive quarters of negative growth – in the first half of 2022, but a year from now this will be of little comfort.  This is because – despite the protestations of the US Bidon administration – the downturn in economic activity in the latest (February) growth figures – 0.1 percent, down from 0.8 percent in January – has nothing to do with Putin’s invasion of Ukraine.  Rather, the decline in economic activity is the result, primarily, of a massive global shortfall in energy, with fossil fuel extraction impaired by the lack of investment during the lockdowns, and with oil down some four million barrels a day from its November 2018 peak.

Last autumn, these energy shortages translated into painful spikes in prices, which helped fan the flames of a general inflation resulting from broken supply chains and the rapid spending of two-years’ worth of state pandemic handouts – mostly to corporations and the wealthier half of the population.  Much of the additional demand generated by state spending, however, has already disappeared – in part due to the additional price of almost everything within the economy at a time when wages are failing to keep up.

In this, at least, the inflation of the 2020s is very different to its 1970s cousin.  In those days, wages were protected by a combination of strong trade unions, governments committed to maintaining full-employment, and financial controls that prevented investor-flight.  None of those constraints exists today and are not compensated for by a minimum wage which, if set too high, can only result in fewer jobs.  In a few sectors of the economy – such as HGV haulage last autumn – market forces have driven up wages.  Although even here, employers have preferred to offer golden handshakes rather than an increase in the hourly wage…

…click on the above link to read the rest of the article…

How we Became What we Despised. Turning the West into a New Soviet Union

How we Became What we Despised. Turning the West into a New Soviet Union

 
For everything that happens, there is a reason for it to happen. Even for turning the former Free World into something that looks very much like the old “Evil Empire,” the Soviet Union. I understand that this series of reflections will be seen as controversial, but I thought that this matter is important and fascinating enough to deserve a discussion.

It all started two years ago when we were asked to stay home for two weeks “to flatten the curve.” Two years later, we are looking, bewildered, at the wreckage around us and asking ourselves: ‘what the hell has happened?’

In such a short time, we found that our world had turned into something very similar to one that we used to despite. The old Soviet Union, complete with heavy-handed police, censorship of the media, criminalization of dissent, internal passports, and the state intruding on matters that, once, were thought to be part of every citizen’s private decision sphere.

Surprising, perhaps. But it is a rule of the universe that everything that happens has a reason to happen. The Soviet Union was what it was because there were reasons for it to be that. It was not an alien world populated by little green men. It was an empire similar to the Western one, just a little smaller, and it concluded its cycle a few decades before us. We can learn a lot from its story.

Dmitri Orlov, born in Russia, was among the first who noted the parallel path that the Western and the Soviet empire were following. His first book was titled “Reinventing Collapse” (2011). Let me propose to you an excerpt from the book where Orlov tells us of an event he experienced in St. Petersburg in the years just after the collapse of the Union…

…click on the above link to read the rest of the article…

Authoritarian Madness: The Slippery Slope from Lockdowns to Concentration Camps

“All the Dachaus must remain standing. The Dachaus, the Belsens, the Buchenwald, the Auschwitzes—all of them. They must remain standing because they are a monument to a moment in time when some men decided to turn the Earth into a graveyard. Into it they shoveled all of their reason, their logic, their knowledge, but worst of all, their conscience. And the moment we forget this, the moment we cease to be haunted by its remembrance, then we become the gravediggers.”— Rod Serling, Deaths-Head Revisited

In the politically charged, polarizing tug-of-war that is the debate over COVID-19, we find ourselves buffeted by fear over a viral pandemic that continues to wreak havoc with lives and the economy, threats of vaccine mandates and financial penalties for noncompliance, and discord over how to legislate the public good without sacrificing individual liberty.

The discord is getting more discordant by the day.

Just recently, for instance, the Salt Lake Tribune Editorial Board suggested that government officials should mandate mass vaccinations and deploy the National Guard “to ensure that people without proof of vaccination would not be allowed, well, anywhere.”

In other words, lock up the unvaccinated and use the military to determine who gets to be “free.”

These tactics have been used before.

This is why significant numbers of people are worried: because this is the slippery slope that starts with well-meaning intentions for the greater good and ends with tyrannical abuses no one should tolerate.

For a glimpse at what the future might look like if such a policy were to be enforced, look beyond America’s borders.

In Italy, the unvaccinated are banned from restaurants, bars and public transportation, and could face suspensions from work and monthly fines. Similarly, France will ban the unvaccinated from most public venues.

…click on the above link to read the rest of the article…

Global Economy Heading For “Mother Of All” Supply Chain Shocks As China Locks Down Ports

Global Economy Heading For “Mother Of All” Supply Chain Shocks As China Locks Down Ports

Over the past month, as Wall Street turned increasingly optimistic on US growth alongside the Fed, with consensus (shaped by the Fed’s leaks and jawboning) now virtually certain of a March rate hike, we have been repeatedly warning that after a huge policy error in 2021 when the Fed erroneously said that inflation is “transitory” (it wasn’t), the central bank is on pace to make another just as big policy mistake in 2022 by hiking as many as 4 times and also running off its massive balance sheet… right into a global growth slowdown.

And, as we have also discussed in recent weeks, one place where this growth slowdown is emerging – besides the upcoming deterioration in US consumption where spending is now being funded to record rates by credit cards before it encounters a troubling air pocket – is China and its “covid-zero” policy in general, and its covid-locked down ports in particular.

But what until recently was a minority view confined to our modest website, has since expanded and as Bloomberg writes overnight, the effects of restrictions in China as the country maintains its Covid-zero policy “are starting to hit supply chains in the region.” As a result of the slow movement of goods through some of the country’s busiest and most important ports means shippers are now diverting to Shanghai, causing the types of knock-on delays at the world’s biggest container port that led to massive congestion bottlnecks last summer that eventually translated into a record number of container ships waiting off the coast of California, a glut that hasn’t been cleared to this day.

…click on the above link to read the rest of the article…

 

Despotism Is the New Normal: Looming Threats to Freedom in 2022

“Looking at the present, I see a more probable future: a new despotism creeping slowly across America. Faceless oligarchs sit at command posts of a corporate-government complex that has been slowly evolving over many decades. In efforts to enlarge their own powers and privileges, they are willing to have others suffer the intended or unintended consequences of their institutional or personal greed. For Americans, these consequences include chronic inflation, recurring recession, open and hidden unemployment, the poisoning of air, water, soil and bodies, and, more important, the subversion of our constitution.—Bertram Gross, Friendly Fascism: The New Face of Power in America

Despotism has become our new normal.

Digital tyranny, surveillance. Intolerance, cancel culture, censorship. Lockdowns, mandates, government overreach. Supply chain shortages, inflation. Police brutality, home invasions, martial law. The loss of bodily integrity, privacy, autonomy.

These acts of tyranny by an authoritarian government have long since ceased to alarm or unnerve us. We have become desensitized to government brutality, accustomed to government corruption, and unfazed by the government’s assaults on our freedoms.

This present trajectory is unsustainable. The center cannot hold.

The following danger points pose some of the greatest threats to our collective and individual freedoms now and in the year to come.

Censorship. The most controversial issues of our day—gay rights, abortion, race, religion, sexuality, political correctness, police brutality, et al.—have become battlegrounds for those who claim to believe in freedom of speech but only when it favors the views and positions they support. Thus, while on paper, we are technically free to speak, in reality, we are only as free to speak as the government and tech giants such as Facebook, Google or YouTube may allow. Yet it’s a slippery slope from censoring so-called illegitimate ideas to silencing truth…

…click on the above link to read the rest of the article…

In Brief: Fracking back, new weather warnings, lockdown by any other name

In Brief: Fracking back, new weather warnings, lockdown by any other name

Fracking back

Anti-fracking campaigners like to flatter themselves by claiming that it was their protests which finally brought UK fracking to an end.  The reality though, is that the price at which UK shale gas might be recovered was far higher than the prevailing price of gas from the North Sea.  The UK’s tortured geology and its lack of unpopulated open space meant that UK fracking could never match the relatively low prices of its US counterpart.  And a few years ago, when government had to decide whether to give UK fracking the green light, there was enough surplus gas on the wholesale market to justify a moratorium.

Several gigawatts of intermittent wind farms and an insane German decision to phase out nuclear, later, and Western Europe finds itself desperately short of the gas supplies required to keep the lights and heaters running this winter.  The UK – which failed to model the future strength of the Gulf Stream correctly – is particularly vulnerable as it depends upon gas power stations to iron out the intermittency from its over-deployment of wind turbines.  One result – which the establishment media is being surprisingly quiet about – is that the wholesale price of gas has rocketed past October’s record price of £2.93 per therm.  As of this afternoon, the price is £3.49, and may well reach new highs later this week (see below).

The issue here is whether the current price increases are here to stay.  Some commentators suggest that the shortage is due to Russia cutting its supply to Europe in order to pressure Germany to finalise the Nord Stream 2 pipeline…

…click on the above link to read the rest of the article…

Now or Never: The Great ‘Transition’ Must Be Imposed

A new wave of restrictions, more lockdowns, and – eventually – trillions of dollars in new stimmie cheques may be in prospect.

Were you following the news this last week? Vaccine mandates are everywhere: one country, after another, is doubling-down, to try to force, or legally compel, full population vaccination. The mandates are coming because of the massive uptick in Covid – most of all in the places where the experimental mRNA gene therapies were deployed en masse. And (no coincidence), this ‘marker’ has come just as U.S. Covid deaths in 2021 have surpassed those of 2020. This has happened, despite the fact that last year, no Americans were vaccinated (and this year 59% are vaccinated). Clearly no panacea, this mRNA ‘surge’.

Of course, the Pharma-Establishment know that the vaccines are no panacea. There are ‘higher interests’ at play here. It is driven rather by fear that the window for implementing its series of ‘transitions’ in the U.S. and Europe is closing. Biden still struggles to move his ‘Go-Big’ social spending plan and green agenda transition through Congress by the midterm election in a year’s time. And the inflation spike may well sink Biden’s Build Back Better agenda (BBB) altogether.

Time is short. The midterm elections are but 12 months away, after which the legislative window shuts. The Green ‘transition’ is stuck too (by concerns that moving too fast to renewables is putting power grids at risk and elevating heating costs unduly), and the Pharma establishment will be aware that a new B.1.1.529 variant has made a big jump in evolution with 32 mutations to its spike protein. This makes it “clearly very different” from previous variants, which may drive further waves of infection evading ‘vaccine defences’.

…click on the above link to read the rest of the article…

Protesting Permaculture: the last five weeks and the last five decades

Protesting Permaculture: the last five weeks and the last five decades

On Saturday 13th and 20th November, my partner Su Dennett and I joined others from central Victoria travelling by train to the “Kill the Bill”/anti-lockdown/anti-mandate protests in Melbourne. This essay documents the experience, and reflects on the relationship between permaculture and oppositional activism over more than 40 years.

David with his historic permaculture banner at the November 13 rally in Melbourne. Photo from Reignite Democracy website collection.

I also want to highlight the opportunities for permaculture activism in a time of a pandemic to help those in need who have the capacity and motivation to increase their personal, household and community autonomy, resilience and connection to nature. This should be independent of their beliefs, and certainly without the judgemental othering that has accelerated with Covid. In the process, I believe we will all learn to live more lightly on the earth in consideration of fair share and the future.

I was raised in a family at the front lines of the battle to “Stop the War” (in Vietnam). Consequently, as a primary school kid, I knew what it was like to be ostracised as a “commie traitor”. Later, I found my opinions progressively adopted as a symbol of the “generation gap,” also characterised by sex, drugs and rock and roll. If the war had lasted long enough, I knew I would face the prospect of going underground or burning my draft card and doing time.

David’s first demonstration (in pram) cropped from photo of Fremantle May Day march 1956 from Venie Holmgren’s ASIO file (released to public archives in 2016)

…click on the above link to read the rest of the article…

Pathologized Totalitarianism 101

Pathologized Totalitarianism 101

So, GloboCap has crossed the Rubicon. The final phase of its transformation of society into a pathologized-totalitarian dystopia, where mandatory genetic-therapy injections and digital compliance papers are commonplace, is now officially underway.

On November 19, 2021, the government of New Normal Austria decreed that, as of February, experimental mRNA injections will be mandatory for the entire population. This decree comes in the midst of Austria’s official persecution of “the Unvaccinated,” i.e., political dissidents and other persons of conscience who refuse to convert to the new official ideology and submit to a series of mRNA injections, purportedly to combat a virus that causes mild-to-moderate flu-like symptoms (or no symptoms of any kind at all) in about 95% of the infected and the overall infection fatality rate of which is approximately 0.1% to 0.5%.

Austria is just the tip of the New Normal spear. Prominent New-Normal fascists in Germany, like Der Führer of Bavaria, Markus Söder, and Minister of Propaganda Karl Lauterbach, are already calling for an allgemeine Impfpflicht (i.e., “compulsory vaccination requirement”), which should not come as a surprise to anyone. The Germans are not going sit idly by and let the Austrians publicly out-fascist them, are they? They have a reputation to uphold, after all! Italy will probably be next to join in, unless Lithuania or Australia beats them to the punch.

But, seriously, this is just the beginning of the Winter Siege I wrote about recently. The plan seems to be to New-Normalize Europe first — generally speaking, Europeans are more docile, respectful of all authority, and not very well armed — and then use it as leverage to force the new pathologized totalitarianism on the USA, and the UK, and the rest of the world.

…click on the above link to read the rest of the article…

Weekly Commentary: Trouble on the Horizon

Weekly Commentary: Trouble on the Horizon

November 19 – Reuters (Francois Murphy and Paul Carrel): “Austria will become the first country in western Europe to reimpose a full COVID-19 lockdown, it said on Friday as neighbouring Germany warned it may follow suit, sending shivers through financial markets worried about the economic fallout. Europe has again become the epicentre of the pandemic, accounting for half of global cases and deaths. A fourth wave of infections has plunged Germany, Europe’s largest economy, into a national emergency, Health Minister Jens Spahn said, warning that vaccinations alone will not cut case numbers.”
As desperately as we want to put Covid behind us, the irrepressible virus refuses to succumb. Germany reported a record 65,000 new infections Thursday. And, according to Bloomberg (Chris Reiter and Tim Loh), infections are now doubling every 12 days – a trajectory that if continued will overwhelm hospitals within weeks. “In Berlin, there were 79 intensive-care beds available for the city’s 3.8 million people on Friday, while in the northern port city of Bremen, there were just five beds for its 680,000 residents.”

Here at home, infections are on the rise again, as we head into colder weather and the holiday season. Friday from CNBC: “The U.S. reported a seven-day average of nearly 95,000 new Covid infections Thursday, up 31% over the past two weeks…” Outbreaks were up about 50% in two weeks in the Midwest and Northeast. My concern is elevated by fear of somewhat waning vaccine efficacy associated with the early vaccination push. I also suspect there will be less enthusiasm for booster shots. Reasons for optimism include natural immunities, Pfizer’s new antiviral pill, and a list of other encouraging treatments.

Meanwhile, I am not optimistic about the impact Europe’s Covid outbreak will have on the unfolding global financial crisis. Once again, Covid brandishes nefarious timing…

…click on the above link to read the rest of the article…

“We’ll Never Give Up” – Protests Erupt Across World Over Gov’t COVID Tyranny

“We’ll Never Give Up” – Protests Erupt Across World Over Gov’t COVID Tyranny

AP News calls them “far-right,” but tens of thousands of freedom-loving people marched against new tyrannical public health measures, such as partial and full lockdowns and health passports and mandatory vaccinations, across Europe.

Demonstrations against new virus restrictions were observed in Austria, Croatia, Italy, Northern Ireland, the UK, France, Germany, and the Netherlands. Outside of Europe, protesters were seen in several cities across Canada, Australia, Japan, and even the US. Some marked Saturday as part of a “Worldwide Freedom” rally to protest COVID-19 restrictions and vaccine mandates.

Some of the most intense rallies, which turned into riots, were in the port city of Rotterdam. Clashes between protesters and police began Friday and continued through Saturday night.

About 30 minutes away, protests transformed into riots in Hague.

Protesters across many European cities shared commonalities as they marched to preserve their lives and liberty. Governments are attempting to plunder that via increased COVID restrictions, mandatory health passports, and forced vaccinations.

The worst of restrictions, or rather the government’s plundering of liberties, was in Austria, where full lockdowns begin Monday. Nationwide lockdowns are expected for at least ten days but can be extended to more than two weeks. Then by Feb. 1, the government will make vaccinations mandatory (only 66% of Austria’s 8.9 million people are fully vaccinated). Good luck with that one.

…click on the above link to read the rest of the article…

Here Come the Climate Change Lockdowns

Here Come the Climate Change Lockdowns

Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice.

Cities in India Will Lockdown Over Air Pollution

The Supreme Court of India has ordered India’s capital, New Delhi, and the surrounding regions to lockdown— but not because of COVID.

This time, the lockdown is due to air pollution.

The Supreme Court said authorities must temporarily force people to work from home, close schools, and halt building projects in the city, due to the city’s terrible air quality.

The Supreme Court said that this is just a temporary solution to their newest public health emergency… sort of like the original two weeks to control the spread of COVID-19.

Last week we mentioned a doctor who diagnosed his patient with “climate change.”

We then speculated that public health officials would use climate change to find new ways to exercise the powers they claimed during the COVID pandemic.

But even we were surprised that it only took one week before that actually happened…

Click here to read the full story.

UK Company Will Harvest DNA from COVID Tests

A UK government-approved COVID testing company called Cignpost has administered up to three million tests at 71 walk-in locations across the UK.

What customers didn’t know is that when they agreed to the company’s 4,876 word privacy policy, they gave permission for Cignpost to harvest their DNA.

Cignpost says it “may receive compensation” for sharing—or more accurately, selling—your DNA samples to other research companies and universities.

Of course, if a year ago you were concerned about your nasal swab COVID tests being used to harvest your DNA, you probably would have been called a conspiracy theorist.

…click on the above link to read the rest of the article…

Worldwide COVID Protests Some Turning Violent As Police Support Tyranny

In the Netherlands, COVID-19 cases have surged despite more than 70% of the country being fully vaccinated. Protest have turned violent in the Netherlands and massive protests are taking place around the world including Australia over to Croatia, Italy, and Austria. In France, Macron has declared protesters terrorists and sent his military terrorist units against his own people. Anyone who still thinks this is about health, you have no idea what you are endorsing. When in 6,000 years of recorded history has even the most ruthless government ever locked down the entire society for any disease? NEVER!

The CDC has admitted they have no evidence that a nonvaccinated person who has recovered from COVID can spread COVID. The majority of new cases are among the vaccinated and governments are desperate to cover this up. The majority of people in the hospital with COVID have been vaccinated.

Just like the Black Death that killed 50% of the people, there is a natural immunity to all diseases that is genetic. Forcing these vaccines is actually lowering the natural immunity and if you did actually vaccinate the entire world, you could unleash a collapse in the population of 50% or more as was the case with the Black Death of the 14th century. Just like the over-use of antibiotics is leading to superbugs, these vaccines will strip our natural immunity and increase our risk to new mutations that will inevitably unfold.

Governments are using these vaccines to control the population in preparation for Schwab’s Great Reset where they are trying to accelerate the 4th Industrial Revolution where they presume that robots will replace workers so they need Guaranteed Basic Income but pray for a drastic reduction in population by at the very least, reducing the birth rate.

Austria Rises Up – Resistance is NOT Futile

The police and army are rising up against the government in Austria. What we need is a good old fashion military coup dragging these politicians out in some countries to put the fear of revolution in the rest of them. That is how even a Political Contagion unfolds. Only when the military and police decide to defend the people’s way of life instead of destroying the future of their own children, will justice ever rise from the ashes.

The police and the army have stood up and refused to enforce these health passes especially when Bill Gates has admitted that getting vaccinated does not prevent a COVID infection nor does it prevent spreading COVID. So there is no difference between vaccinated and unvaccinated.

The Austrian military and the police are the first in the world to stand for human rights against this foreign agenda. They have come to the aid of their country in the name of “freedom and human dignity” which is really fighting a foreign invasion. The Swiss need to raid the World Economic Forum and then we will see all the evidence of how there is a coordinated global assault upon our freedoms.

Olduvai IV: Courage
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Olduvai II: Exodus
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