Thanks for posting the Gammon video, as usual he does a great job explaining what's going on and the train-wreck coming on that front.
Could this be the disaster coming that takes the world into the next great depression? Well, it certainly has the potential to do so IMO because not only is diesel essential as fuel for transportation, but also for heating. How is Europe going to be able to spare one drop of diesel to anybody when they're already short for the coming Winter? They won't be able to. I don't think it's going to matter how much money the U.S. can print to pay for it.
Diesel shotages will cripple delivery of everything we us on a daily basis, so we'll again experience shortages of all kinds just like we did during the Covid pandemic, only this time it'll be worse because NOTHING will be delivered. The deliveries will stop or have to be rationed. There will be runs on food and essential necessities, like George was saying. The mining industry could come to a screeching halt, if diesel is needed for life-saving usages, like getting food to stores or running farm equipment to produce the food. We know the government will step in with their BS to control who gets what. They could take control of the energy sector and of course Brain-dead Joe has already used up much of our emergency oil reserves in an attempt to keep gas prices down.
We'll certainly see prices of everything spike higher because of it. Demand for anything non-essential will crater. Something like this could be what the Global Elitists want to happen to usher in their Great Reset and new monetary system that keeps everybody under their control.
The Fools that are supposedly running the Show forgot about the one thing that's REQUIRED to make economies like we currently have to function and that's diesel. If this blows up it will make the gas shortage look like a walk in the park.
I've already been preparing for the shit hitting the fan moment coming, but if this isn't a wake-up call I don't know what is. Depending on how bad the situation gets we won't be looking at a recession, but a definite depression coming.
I would think at some point maybe after an initial drop in price, gold would spike higher as a big fear trade.
