First Mining Gold Corp (FFMGF)

[Implanting]

Most of the freight going into L.A. or west coast ports is coming from China or the far east and with the shut down from the pandemic there was obviously a big backlog. It would also seem that there was not a lot of coordination between the shipping companies and the ports of entry. Add to that a lack of drivers to move the containers and it causes what we've seen.

I'm 65 years old and remember the last serious bout of inflation we had in the U.S. That was in the 70's. Prices went up and there were shortages of gas. Lines of cars waiting to get gas. The inflation wasn't transitory and went on for years. The inflation was finally broken when they took interest rates up to around 20%. What would that do if they did that now?

Most of the population haven't experienced serious inflation before, so it's not something they're used to seeing or dealing with. People with plenty of money to weather the inflation aren't effected as much as the poor or those on fixed incomes. Inflation steals from people's buying power and when you have to spend more to live it gives you less to save.
Any wage increases are cancelled by the inflation, so assuming you get a raise in pay, you're not really getting anything.

I believe if inflation stays high that's going to force the Banksters to raise interest rates in an effort to control it. I also believe they're very limited in how high they can take rates before it crashes the stock market.

I also believe as money becomes tighter from the inflation we'll see more unrest and violence as a result of it. My two cents.