“ Watch for this Tuesday, the Longshoremen all along the East Coast are threatening to go on strike, the Biden Administration has said they will not intervene to resolve the situation.”
——————-
This could be very bad. Shipping is already moving to the Panama Canal to make their way to west coast ports. So the cost of moving stuff from east to west…and then back east is going to drive inflation. At that point you will have a bunch of containers sitting on the east coast with no way to get them back into circulation—without shipping them back west.
Now think about Iran sinking a ship in the canal. Or a west coast earthquake. Or some other type of silliness that would disrupt things.
Biden could delay this by installing a cooling off period. Instead he wants to disrupt the economy and potentially ruin the first six months of a Trump presidency.
It could be a slow train wreck taking place right in front of our eyes.
Buy your toilet paper now. It will be competing for train space coming from the west to the east….
Buy your toilet paper now. It will be competing
for train space coming from the west to the east….
*************
Or get a couple bushel baskets of corn cobs and
wipe away. Can’t flush so get yourself a few of
Walmart bags send it on down the road on garbage
day. Ol’ country boys/gals will wipe away. Also
find stores that use paper bags and not plastic.
If someone cut off the Panama Canal, Suez Canal and Malacca Straits, they would bring the world economy to its knees.
The Suez Canal is effectively shut off, it wouldn’t take much to shut the other two down, combined with ports shutting down due to a strike and it would get really bad, really fast.
This close to the election and Biden proclaiming himself the most Union Friendly President in history, it’s very unlikely the Administration will intervene to solve the situation, Kamala has no clue and has no idea of the ramifications of the strike.
It could get resolved, just keep your eyes on the situation.