This Is Not Just A Supply Chain Collapse – Jim Rickards

Day after day, we hear more news reporting the collapse of our supply chain. From lockdowns disrupting the flow of goods across the globe to skyrocketing freight rates and a persistent shortage of shipping containers. From severe congestion at our key ports to a lack of enough dockworkers, warehouse staff, and truck drivers to make all of those goods reach your local stores. In recent weeks, Americans have been resorting to social media to complain about increasingly barer shelves as the latest surge of infections leaves the already-tight labor market even tighter. The truth is that our supply chain is the perfect representation of our economy -- because the supply chain is essentially the economy. Every single step in the production, processing, and distribution of a product requires resources, personnel, and logistics. And when the supply chain starts to break down, so does the economy. That’s what the economist, financial strategist, and commentator James Rickards has detailed in a recent analysis publishe