'Let Them Eat Vaccine': Massive Food Shortages Coming Before Christmas

[G.L.R.]

Massive Food Shortages Coming Before Christmas

October 13, 2021



"Supply shortages aren't unintentional – they're actually planned"

Supply chains around the world have been facing shortages in recent months due to several factors. However, book author and blogger Charles Hugh Smith argues that the shortages are actually intended to increase the profits of global companies. He adds that the shortages are designed to prevent potential competitors from entering the market and undermining revenue streams. Smith notes in his Of Two Minds blog that not all scarcities arise from cartels limiting supply to keep prices high. "Global corporations didn't go through all the effort to establish quasi-monopolies and cartels for our convenience. " Smith argues that competition and abundance are "anathemas to profits." Thus, there is zero incentive to expand the number of suppliers and increase competition. "Wide-open competition and structural abundance are the least conducive [settings] for generating reliably ample profits, while quasi-monopolies and cartels that control scarce supplies are the ideal profit-generating machines,"

"They did it to ensure reliably large profits from control and scarcity"

According to Smith, corporations have been relying on three major suppliers for critical components in their products to ensure that the supply chain doesn't encounter any hitches... "Nobody will keep a facility open if it's only used occasionally when the primary supplier runs into a spot of bother," ... While many specialty components are required to make various products in the world, manufacturers only require a limited amount of these.Shortages have been happening for some time now . The resulting shortages have caused the prices of existing items to increase. Microchip is one of those products. Many consumers have scrambled to purchase products that use this component, such as electric vehicles and smartphones. But as more cars have entered production, the competition for chips has also increased – leading to many car manufacturers shutting down plants and redirecting labor to priority car models.

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Fuel has also seen price increases, beginning in the summer through the winter season. According to the U.S. Bureau of Labor Statistics, fuel prices saw a 22.5 percent increase in March 2021 compared to the same period a year earlier... Smith notes in his blog post that U.S. corporations have spent $11 trillion buying back their own stocks over the past ten years... thank corporate America for squandering $11 trillion to further enrich the top 0.1 percent and insiders. Alas, there was no better use for all those trillions than further enriching the already-super-rich.

Massive Food Shortages Coming Before Christmas
https://www.eutimes.net/2021/10/massive-food-shortages-coming-before-christmas