Broken chains

[Bill Bonner’s Diary]( Broken Chains By Bill Bonner Wednesday, November 3, 2021 No sugar tonight in my coffee No sugar tonight in my tea – No Sugar Tonight, by The Guess Who [Bill Bonner] BALTIMORE, MARYLAND – Yes, Dear Reader, as if rising sea levels and falling vaccine protection weren’t enough, here’s something else to worry about… Supply Chain Disruptions. SCD. Time Magazine: Biden Announces New Steps to Address Supply-Chain Disruptions KHOU*11: Don’t wait! What holiday items you should buy now because of supply chain issues CNBC: Chinese EV maker Nio sees drop in October deliveries due to manufacturing and supply chain disruptions Is your favorite cereal missing from the shelf? SCD. Is your dealer unable to get the model of car you want? SCD. Is the price of a gallon of milk now at $6.99? SCD. Until this year, we had never heard of SCD. For more than 2,000 years, SCDs were scarcely mentioned. And now, it’s on every pair of lips. Ships are backing up at Long Beach, California… as the Chinese valiantly try to overcome SCD by stuffing the supply channel to the U.S. And the whole nation sits on the edge of its seat, wondering if SCD will ruin Thanksgiving… Christmas… and the American Way of Life… Recommended Link [Something strange is going on in America…]( [image]( Just about everyone can feel it… But very few can make sense of it. One of America’s top tech investors, Jeff Brown, is convinced something shocking is about to happen… And it could hollow out what’s left of Manhattan… Silicon Valley… Washington DC… And the rest of America’s once-great cities… But at the same time, he believes it will create the greatest wealth opportunity in human history. This is your chance to create generational wealth… But only if you understand what’s happening. [Click here for more info before it’s too late.]( -- Why Now? But why, after so many years with no SCD… is the world suddenly full of it? How come? Can you guess whose fault it is? Moral philosopher Adam Smith illustrated the complexity of the division of labor in 18th century England by describing a pin factory: One man draws out the wire, another straights it, a third cuts it, a fourth points it, a fifth grinds it at the top for receiving the head; to make the head requires two or three distinct operations; to put it on, is a peculiar business, to whiten the pins is another; it is even a trade by itself to put them into the paper; and the important business of making a pin is, in this manner, divided into about eighteen distinct operations, which, in some manufactories, are all performed by distinct hands. More than 200 years later, the world economy is far more complicated. One group mines and refines the silicon. Another group – which includes chemists, engineers, metallurgists, machinists, mathematicians, electricians, cleaners, security officers, and God-knows-who-else – transforms it into “chips.” These are then shipped across the widest ocean in the world, to be used in thousands of different “applications”… …where they are plugged into everything from toaster ovens to air pressure sensors… …assembled by other teams, drawing on specialists, scientists, and assembly line workers from all over the world… …using parts that come from Europe, Asia, North and South America… …and made from almost all the 118 elements in the periodic table, put together into millions of different parts and pieces… …for millions of other finished products. Whew! [Featured: Introducing: The 3-Stock Retirement Blueprint]( Accurate Measures As the complexity grows, so does the need for accurate, honest measures. It doesn’t really matter if they are high or low… but they must be true. Down to microns, microradians, and Planck lengths… one group has to shape its components to the precise size that will fit in another group’s templates. And it must know precisely how much it can afford to spend to make it… and when, precisely, and where, precisely, it is meant to be delivered. A tiny part… off by a fraction of an inch… with the wrong specifications… delivered to the wrong town… on the wrong day… at the wrong cost – what a disaster! Recommended Link [[DATE BELOW] Do Not Miss]( [image]( Write this date down: December 1st, 2021. According to Teeka Tiwari, voted the world’s #1 Most Trusted Crypto Expert by 130,000 analysts… This could be your LAST CHANCE to capture the biggest potential crypto profits. Teeka has a history of making winning predictions… But this could be his most important prediction yet. [Click Here to Watch Now (#1 Crypto to Own Today Named Inside).]( -- Just in Time One of the innovations that made the modern economy possible was money. You didn’t have to know the fellow you were buying from… or even speak his language. You just had to know what he delivered… and at what price. A more recent innovation was “just in time” inventory systems. Rather than keeping things on hand, it was cheaper to have them delivered when they were needed. This made the process cheaper and more fluid… but also more fragile. It was amazing that it worked so well. But, in general, people could trust each other to make the components to their specifications… and deliver them on time. [Featured: A message from Jeff Brown on the hottest investment in 2021]( Fed Meddling And then came the feds. First, they fudged the money. It has already [lost 98% of its value]( over the last 100 years… And [inflation is picking up](. As the dollar weakens, it’s harder and harder to make long-term projections. Then, they queered the interest rate. World commerce operates on credits and debits, to be satisfied later. But you don’t know what either is worth unless you have an accurate interest rate. At negative real rates (adjusted for inflation)… which we’ve had for almost all of the last 12 years… any calculation is just a fruit salad of guesswork. And then there were the feds’ tariffs, trade restrictions, and sanctions… further complicating the situation. These were followed by lockdowns, shutdowns, border closings, mask mandates, and social distancing. Factories closed. Workers stayed home. And then… Without the nail, the horse is lost. Without the horse, the rider is lost. Without the rider, the battle is lost. And without the battle… the whole supply chain is, well, [FUBAR](. Recommended Link [Bitcoin’s Judgement Day?]( [image]( The same research newsletter that posted an average return of 38.9% in 2020… As well as predicting cryptocurrency 12 years BEFORE Bitcoin was created… Just made a shocking discovery that could severely impact the Bitcoin value of 46 million Americans. That could be you. Your friends. Or your loved ones. So that’s why the Senior Investment Analyst of this firm, Dave Forest, has made his latest briefing available to the public. [Click here to watch it.]( -- Last Straw And then, as if that weren’t enough… the feds stimulated demand by handing out fake money. Drawing on the feds’ stimmy checks and unemployment toppers… …all of a sudden, in came the orders… and retail sales went up. But existing inventories couldn’t meet them. Suppliers couldn’t fill them… And transport companies couldn’t deliver them… The supply chain broke apart. Thank God the feds are on the case! Regards, [signature] Bill --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Broken chains). --------------------------------------------------------------- FEATURED READS [Clorox Sets Higher Prices as Inflation Ravages All Industries]( of the main consumer superstars of the COVID-19 pandemic – Clorox – is raising its prices as pressures mount for commodities and transportation. Changes come as soon as this month… [Inflation Is at 30-Year Highs. The Federal Reserve Just Held a “Critical” Meeting]( policymakers are expected to leave interest rates near zero as part of a strategy to get the country back to full employment. The central bank is also likely to announce a plan to start winding down its purchases of at least $120 billion worth of bonds each month. MAILBAG One dear reader has other ideas about [Bill’s thoughts on America’s rising debt]( who is to blame… When I read your words stating the massive debt lies at the feet of the past four presidents, I often wonder why you give Congress a pass? Doesn't it take the entire gang or at least the majority of the gang to spend more than we have? And, over all those administrations, at times, each party has been in the majority… but always the same result. Should it be: Democrat vs Republican? Or 535 members of Congress versus 258 million American adults? – Brady M. And more praise and laughs for Bill’s series on “God Speaks” (you can catch up on these [here]( [here]( [here]( [here]( and [here]( Somewhere between you and God, I believe you have nailed the jelly on the wall. Well done! I have been slow in absorbing all of your excellent rhetoric, but it has helped me decide how to adjust my rudder! Your vision is top-notch! – Richard H. I like the trail of God versus Man; it's positively creative. I think they are less hoodwinked and sense the big train wreck is coming and what it will do to themselves and their family and friends. – Richard S. So good to read a blog from a human who recognizes a greater “power” than himself. God knows our hearts. HE knows everything, before, now and future. Why don’t we turn to HIM rather than Wall Street? Wall Street is good but God is better! – Antonia C. The entire God on trial was hysterical, except for the fact that I think the demise of the U.S. is really happening before our eyes. That's sad and yet justified in so many ways… greedy politicians, greedy corporatists, freaks running social media and media companies, yes, the Fed and their antics… Need I go on? Okay, one more Big Pharma… Holy smokes without a bit of humor each day we'd all be basket cases and crying in our Wheaties… right Michael? Bill, I double dog dare you to try and beat that series. Thanks for the laughs. – Peter B. Who is responsible for the massive debt added to the U.S. economy in the last 20 years? Why was the “God Speaks” series one of Bill’s best? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Broken chains). IN CASE YOU MISSED IT… [Free stock pick]( There’s nothing extraordinary about this stock… except it continues to have the potential to generate money. And today, master trader Jeff Clark is giving away its name and ticker, completely free. [Get it here.]( [image]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. 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