I am watching matters develop with regards to the trucker strike, with appreciative interest, seeing that is really another variant of a grass-roots spontaneous civic spontaneity, much like the Tea Party was, some years ago. The Canadian trucker protest has that in common with the Tea Party protesters but the difference might be that the independent trucker community is a smaller, a more cohesive and even more media-savvy and self-disciplined party. The various Tea Party protests were more general, cut across class lines (at least the urban-focused one that I was involved in was, no matter what the establishment national media might insist) and focused more upon voting in various political races then upcoming, and protesting the general monetary incompetence of the Obama Administration.
Biden
Wagging the Dog
I actually do recollect seeing the movie of that name and a mildly amusing venture it was, into speculative political fiction; a whole war generated out of thin air by an unholy cabal of scheming bureaucrats, a conniving segment of the entertainment industry and a tame media, eager to be spoon-fed an appealing story if it would goose ratings by a point or so … and all in the cause of burying a political scandal involving a US president by setting up a war, with a hero and a theme song and cheering crowds and all. The movie was based on a book by Larry Beinart weirdly enough, I also have a copy of it on my shelves. The book is much, much darker than the movie, but the premise is just as improbable; the national news media and the Industrial Entertainment complex going all in to generate and publicize a war with the aim of re-electing a Republican president at the bidding of and through dark money provided by a Republican eminence grise? Talk about the suspension of belief necessary to find that concept credible; not even with a bucket truck and one of those enormous construction cranes used for high-rise projects …
More Supply Chain Stories
A guy who makes Programmable Logic Controllers (PLCs) writes about his problems getting parts and the impact on his customers. He describes a PLC as:
…a computer that runs actual stuff. Not things like a washer and dryer but how about the water that comes into your house, the water that leaves, the drawbridge that needs to go up, the MRI you desperately need. Almost everything you touch that is manmade uses one of these controllers at some point in the process.
Lots of comments, many of them from people talking about their own supply chain experiences.
Is the Biden regime creating a “Wag the Dog” scenario with Ukraine ?
There is considerable talk in the media right now about Russia and Ukraine. Russia has moved troops close to the Ukrainian border. The Biden regime, which has no interest in the US southern border, has expressed alarming determination to stop a Russian invasion of Ukraine. Why are they so interested in a corrupt country that has no strategic importance to us ? Certainly the Biden family has profited from Ukraine. Hunter Biden, who seems to be the family bagman, was paid $50,000 a month by the Ukraine Burisma gas company.
It was in April 2014 that Hunter became a board member for Burisma with at least $50,000 per month compensation, and $83,000 by some accounts.
The board appointment for someone who had no experience in the energy industry or in Ukraine came just months after Hunter was discharged from the U.S. Navy Reserves after testing positive for cocaine.
Burisma’s board chairman, Alan Apter, said, “This is totally based on merit.” Apter added: “The company’s strategy is aimed at the strongest concentration of professional staff and the introduction of best corporate practices, and we’re delighted that Mr. Biden is joining us to help us achieve these goals.”
Recently, the president of Ukraine, in a phone call from Biden, is alleged to have told Biden to “calm down.” The transcript of the call has not been released.
Why the threats, including moving 8500 US troops to eastern Europe ? Back in the 1990s, there was a movie called “Wag the Dog.” The plot was “Shortly before an election, a spin-doctor and a Hollywood producer join efforts to fabricate a war in order to cover up a Presidential sex scandal.” Is that what is going on now ?
Does the Bear Market start tomorrow?
Tomorrow, the vaccine mandate for truckers in the US begins. The Canadian border is already affected by the Canada mandate and there is already some pain. Truckers work alone although a small number share driving with wives or other partners. Their exposure to the general public is minimal in their work life. The same mandate by the US will block most Mexican drivers from bringing fresh fruits and vegetables into the US. All three groups of drivers have a low compliance with vaccination. The result will likely contribute to the supply chain crisis, which has only worsened the past few months.
Now, The stock market is showing weakness.
Energy policy has driven up oil, fuel, packaging and gas prices. Transportation costs have skyrocketed. Emission regulations have driven up port costs and delayed transportation; fracturing the supply chain. Vaccine mandates have hit the manufacturing and processing sectors. Legislative policy and COVID spending have artificially inflated the economy. Monetary policy has devalued the dollar and driven even higher inflation.
The mandate will affect 50% of US truckers. Mexican truckers are unknown but Canadian truckers are already demonstrating in Ottawa.
Into this hurricane of stagflation, the fed is going to raise interest rates. The stock market could lose half its inflated value. The NASDAQ is already responding to the storm clouds. Employment is going to start getting really sketchy. Congress will eventually announce their remedy, which will be more spending and the dollar gets worse.
A market expert is predicting a bear market.