Armstrong Economics Blog/North America Re-Posted Jan 6, 2022 by Martin Armstrong
Comment: This is a Whole Foods in a high to middle income suburb in the northeast on January 4, 2022. I live near numerous ports from NJ, PA, to NY. I have lived here my whole life and have never seen the aisles this bare. When corona began the essentials were missing from shelves but now they are completely bare. Did JB completely ruin America?
Reply: The snowfall in the north has only exacerbated the supply chain and food crisis. The ports up north are not what they once were, and perhaps I will elaborate on that in a separate post. Regardless, the shelves should never appear that empty. I too lived in the north for many years, and even amid snowstorms, there was more food available than what I am seeing in your pictures.
It is a global problem, but the Biden Administration is undoubtedly making matters worse. Forced vaccinations, trucker/labor shortages, inflation denial, and increased shipping costs are all contributing to the diminished supply of available goods. Additionally, farmers in the US (and elsewhere) noted that food prices will rise in 2022. Unfortunately, 40% of our exports come in from California, where Governor Newsom has imposed laws to ensure a depleted supply chain for the rest of the country.
Winter weather is now coming into play as a new variable exacerbating the supply chain. As I warned years ago, stock up while you can.