~*~Mining and Metals Du Jour~*~

[ConferredDiligence]

Now What Joe?

Oh, inflation and the supply chain issues are just transitory eh?

Uh, not really.

Stress on the supply chain due to labor shortages has ultimately come to fruition, wiping out products from store shelves across the nation.

Reporters and other shoppers took out their frustration on Twitter by sharing photos of their local grocery stores and tagging #BareShelvesBiden, which began trending.

Uh, what did you expect after decades of offshoring and stretching supply chains across oceans?

You took the bet that nothing would ever happen either here or there that might cause trouble in exchange for higher stock prices since the entire point of doing it was to evade environmental laws, labor laws or both. The "here" is under our control; we can choose, for example, to tell all the histrionic screamers to go shove it and go to work or starve.

But we can't tell the Chinese to do that! We can't tell some foreign nation what to do; while we can ask that's the limit of it.

We've been taught this lesson many times; Arab Oil Embargo anyone?

I'm old enough to remember what that caused and the "fun" that we inflicted on ourselves because we were stupid. Are you?

We didn't learn the lesson even though it was taught, did we? Rather than take to heart all the pain that time dished up we instead decided to make it even worse by putting basically everything in someone else's basket, starting with every little chip and discrete component necessary to build, well, anything with an electronic element to it, which today is basically everything.

Oh, you'd like a microwave without an electronic timer? Or a mechanical timer on a washing machine or dryer?

They don't exist.

Instead there are a whole plethora of little chips and discrete components on a board that does this for you which is all fine and well provided you can get all of them. If even one is unavailable..... oops.

Yeah, that was stupid.

It was stupid the last time too.

Do you think we're going to learn from it this time?

https://market-ticker.org/akcs-www?post=244785