Mad Money host Jim Cramer joined ‘Squawk Box’ to talk about his worries about inflation this morning. His worries are much worse than first expected.
Mediaite shared the following about Jim Cramer’s discussion today on inflation in the US:
CNBC on Wednesday spoke with hedge fund manager and Robin Hood Foundation founder Paul Tudor Jones, who said that inflation is “much worse than we fear.” A short time later on Squawk Box, CNBC’s Jim Cramer agreed with Jones’ assessment, and added a few more dire words to the mix.
Host Rebecca Quick asked Cramer about inflation, a major topic of the day in finance.
“Let’s talk about inflation and where things stand right now,” she said. “Let’s talk about the questions that investors are kind of wondering right now. If you’re worried about inflation, it’s a huge, huge issue.”
Cramer agreed it’s a huge issue. He also brought up Jones talking about it earlier in the day and agreed with that, too.
“Yeah. I mean, look, I think Paul Tudor Jones, as always, is right about inflation. It’s much worse than we thought,” he said. “I keep hoping that the capacity will come on and make it so that it’s not as bad, but it just can’t seem to come on as fast enough.”
“For instance, I was going over it with my friend Frank Mitsch, who’s got his own firm, chemicals, and it’s just unbelievable,” he continued. “Fermium is using numbers that are just astounding and it makes you feel like that Procter is not going to be able to get out of a jam, Procter being the one that yesterday focused the most on inflationary inputs.”
China launched TWO new hypersonic nuclear-capable missiles that circled the entire globe at low-orbit over the summer according to the Financial Times.
Last week the Financial Times reported US Intelligence and US Military officials were left stunned after China launched a hypersonic nuclear-capable missile that could evade the US’s defense systems.
Biden said he was concerned about China’s hypersonic missile after Psaki said the White House welcomed the “stiff competition.”
According to a new report by FT, the first missile test was conducted on July 27 and the second test was conducted on August 13.
“On July 27 the Chinese military launched a rocket that used a “factional orbital bombardment” system to propel a nuclear-capable “hypersonic glide vehicle” around the earth for the first time, according to four people familiar with US intelligence assessments.” – FT reported.
Earlier this year, a satellite image showed China had expanded its nuclear missile silo field.
“Identified via satellite imagery, the new missile base in China’s Xinjiang region may eventually include 110 silos, said the report released Monday by the Federation of American Scientists (FAS). It is the second apparent silo field uncovered this month by researchers, adding to 120 silos that appear to be under construction in the neighboring province of Gansu, as detailed by the James Martin Center for Nonproliferation Studies.” CNN reported in July shortly before the hypersonic nuclear-capable missile was launched.
Meanwhile the woke US Military is busy purging unvaccinated service members, promoting transgenders and focusing on “white rage.”
Photo Of The Day: Soldier from His Majesty The King’s Guard standing in front of the Storting, the Norwegian Parlament, during the opening of the 166:th Storting. They are carrying the Heckler & Koch HK416N with Aimpoint sights, made for Norway. It seems they are using a shorter magazine than the regular army, and it […]
The Mistakes and Mis-Steps of Revolvers in Aviation Nothing quite conveys the power of close air support as much as the low growl of the A-10 Warthog’s GAU-8 Avenger 30mm cannon, or the buzz of the GAU2/A. Certainly, there are some revolving cannons that have a storied record in the sky. There are a few […]
It is the month of October, and right now many Americans are more scared by the state of our national supply chains than by anything else. Some of the things that I am going to share with you in this article are truly frightening, and I would very much encourage you to take them seriously.
Our economic infrastructure is failing on a massive scale, and officials are openly admitting that things will get even worse in the months ahead. We are in uncharted territory because none of us has ever seen anything like this before. If our leaders cannot get this fixed, 2022 is going to be a truly nightmarish year.
Of course just last week Joe Biden gave a big speech in which he assured all of us that he was implementing measures that would soon turn things around.
Unfortunately, just like with Afghanistan, the southern border, inflation, and so many other problems, our supply chain crisis has gotten even worse now that Biden is personally involved. On Tuesday, it was being reported that the number of vessels backed up off the coast of southern California has just hit a brand new record high…
The nation’s largest ports shattered more records Monday as massive bottlenecks at the Ports of Los Angeles and Long Beach continue to wreak supply chain havoc.
The Marine Exchange of Southern California reported 100 vessels berthed October 18, topping the previous record of 97 set September 19.
A single container ship can hold thousands upon thousands of enormous shipping containers, and so we are talking about a backlog of absolutely immense proportions.
It would take many months just to work through a backlog of this magnitude even if the ports in southern California were making progress in paring it down.
But instead of making progress, the backlog just continues to get even deeper.
As the supply chain crisis escalates, the Biden administration has actively been considering using the National Guard on an emergency basis…
White House officials have explored in recent weeks whether the National Guard could be deployed to help address the nation’s mounting supply chain backlog, three people with knowledge of the matter said.
The idea appears unlikely to proceed as of now, the people said, but reflects the extent to which internal administration deliberations about America’s overwhelmed supply chain have sparked outside-the-box proposals to leverage government resources to address the issue.
This is how serious things have become.
Our supply chains are in such a state of chaos that the Biden administration is actually thinking of doing something that has never been done before in American history.
Of course, publicly they are still trying to put a happy face on things, but privately administration officials are really freaking out.
And things could soon get a lot worse.
Today, approximately 85 percent of all magnesium production in the world happens in China. We should have never allowed ourselves to become so dependent on China because now we are facing a critical shortage of magnesium, and that could result in a nightmarish shortage of aluminum…
The source of the shortage is China’s monopoly on global magnesium production. Production curbs of energy-intensive smelters have reduced the industrial metal’s output, resulting in dwindling stockpiles in Europe and North America.
Barclays analyst Amos Fletcher told clients in a note that “there are no substitutes for magnesium in aluminum sheet and billet production.” He warned if “magnesium supply stops,” the entire auto industry will grind to a halt.
Oh.
That is bad.
What I first read that, I just sat there stunned for a moment.
“It is expected that the current magnesium reserves in Germany and throughout Europe will be exhausted in a few weeks at the end of November 2021 at the latest,” the group said. “In the event of a supply bottleneck of this magnitude, there is a risk of massive production losses.”
Needless to say, it wouldn’t just be the auto industry that grinds to a halt.
Just think of how many food and beverage products come in aluminum cans.
I don’t know if I even have sufficient words to describe how serious this is.
Meanwhile, it is also being reported that we are potentially facing a propane “armageddon” this winter…
The expanding energy crisis is causing propane to rocket higher (read: here) as supplies dwindle to below seasonal levels as research firm IHS Markit Ltd. warns of “armageddon” during the Northern Hemisphere winter.
IHS analyst Edgar Ang told attendees during a virtual presentation on Tuesday that US propane inventories are at a record low and will be extremely tight as cold weather is ahead.
That isn’t good.
Millions of Americans use propane to heat their homes. So what are those millions of Americans going to do when supplies of propane run out?
If you use propane to heat your home and you don’t have a backup plan, you need to start developing one right now.
As if things weren’t bad enough already, the absurd mandates that our politicians are pushing on all of us threaten to make things far, far worse.
In this sort of an economic environment, there is no way that our politicians should even be considering any sort of mandates.
But they are pushing ahead anyway, and we are all going to feel the consequences very deeply.
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About the Author: My name is Michael Snyder and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com. In addition to my new book, I have written five other books that are available on Amazon.com including “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, “Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned) By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe. I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions. I encourage you to follow me on social media on Facebook and Twitter, and anyway that you can share these articles with others is a great help. During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.
Joe Biden once again told the debunked story about the Amtrak worker named Angelo Negri who used to grab his cheek.
Joe Biden’s motorcade was booed as he arrived in Scranton, Pennsylvania on his way to promote his “Build Back Better” agenda ta the Electric City Trolley Museum.
Biden’s speech went downhill as soon as he veered off script.
Joe Biden repeated the debunked story about the Amtrak worker named who used to grab his cheek.
“He goes Joey Babyyyyy what are you — and I thought the Secret Service was going to shoot him. I said, no, no, no, no he’s good! True story!” Biden exclaimed.
This is one of Biden’s favorite lies.
Joe Biden also claimed he “commuted every single day for 36 years as Vice President of the United States…”
The media will never hold Biden accountable for his lies and they will never talk about his obvious cognitive decline.
VIDEO:
WATCH: Joe Biden tells a debunked story about an Amtrak worker for the FOURTH time as president.
Biden says the conversation took place “7 years into” his vice presidency, which would be 2015.
The Amtrak worker story has been thoroughly debunked.
Here’s recap of Biden’s bullsh*t story:
“When I became vice president, one of the Capitol Hill newspapers estimated that I had taken more than 7,000 round trips on Amtrak over my career. I think that’s an exaggeration. I’m going to rely on those two conductors — one of them was a guy named Angelo Negri,” Biden said in May.
“There was an article, I guess my 4th or 5th year as vice president, saying Biden travels 1.3 million miles on Air Force One [Two]. I used to – the Secret Service didn’t like it – but I used to like to take the train home. My mom was sick and I used to try to come home almost every weekend as vice president to see her. I got on the train and Angelo Negri came up and he goes, ‘Joey, babbbbyyyyy,’ and he grabbed my cheek like he always did. I thought he was going to get shot. I’m serious. I said, ‘No, no, he’s a friend.’”
Biden continued lying: “He said, ‘Joey, what’s the big deal? 1.3 million miles on Air Force Two? Do you know how many miles you traveled on Amtrak?’ I said, ‘No, Angie, I don’t know.’ He gave me the calculation and he said you traveled 1.5 million miles on Amtrak. The fact is, I’d probably take Angie’s word before I’d take the word of what the article said.”
Everything Biden said was a lie and totally made up.
Joe Biden’s mom died in 2010 and the Amtrak conductor, Angelo retired in 1993 – 22 years before Joe Biden hit 1 million miles on AF2.
According to initial reports from the ground, the Al-Tanf US military base in Syria was attacked by at least one drone strike and possible ground fire.
The attack was reportedly carried out by an Iranian-backed militia group on late Wednesday night.
Sources are also claiming that the attack could have been carried out with a single ‘suicide drone’ that hit the American base.
Sky News Arabic has quoted a US official saying that it might be “rocket attack”. And in its other tweet it adds that “ Initial assessments suspected that Iran-backed militias had targeted Al-Tanf, and investigations are ongoing” https://t.co/vslz7v3Q2G
According to Sky News Arabia: “A military official in the US Central Command told Sky News Arabia: Initial assessments suspected that Iranian-backed militias had targeted Al-Tanf, and investigations are ongoing.”
مسؤول عسكري في القيادة الوسطى الأميركية لسكاي نيوز عربية: تقديرات أولية تشتبه في قيام ميليشيات مدعومة من ايران باستهداف التنف والتحقيقات جارية
Thankfully, US officials confirmed that no US casualties or injuries were recorded in the “coordinated attack.” They also confirmed that the attack on the US base was – in fact – carried out with drones.
US troops also reportedly took “indirect fire” during the attack.
BREAKING: US official confirms a drone attack on troops at Al Tanf, Syria. Troops took some indirect fire as well, No US casualties. Too early for attribution.
The Al-Tanf base is a US military center in Homs Governorate that is located about 15 miles west of the Iran border in the Syrian Desert. It is surrounded by a large deconfliction zone runs along the Iraq–Jordan border and the Jordan–Syria border.
Not to mention, how a small militia group would feel confident enough to brazenly attack a US military base – even with drones. They clearly don’t fear repercussions from feeble ol’ Biden at all.
Arming and emboldening our worst enemies to be able to attack, this is the Biden effect.
This is a developing story, check back for updates.
Joe Biden on Wednesday traveled to his ‘hometown’ of Scranton, Pennsylvania to push his garbage “Built Back Broke Better” agenda.
Biden loves to brag that he’s old ‘blue collar Joe’ from Scranton but he didn’t receive a warm welcome when he arrived to his old stomping grounds on Wednesday.
Today, I’m heading back home to Scranton. It’s where my values — of hard work and treating others with dignity — were set. Those values are at the core of my agenda.
What a total clown show. The ‘January 6 Commission’ is run by a clown who supported an insurrectionist group that led to the death of a police officer.
Democrats are nothing else if not flaming frauds. For evidence of that, look no further than the clown show taking place in Congress, otherwise known as the “January 6 commission.”
The chairman of that committee, which is looking into the alleged “insurrection” which took place on that date, himself has a history of supporting insurrections.
Rep. Bennie Thompson (D-MS) chairs the committee.
Thompson has been a vocal critic of the January 6 siege at the US Capitol which he has referred to as an “insurrection,” has offered support for the police officers who were injured on that day, and has taken to suing former President Donald Trump whom he accuses of being responsible for that incident, Georgia Star News reports.
All of this flies in the face of Thompson’s own history however, when as an alderman in a small Mississippi town in the early 1970s, he openly supported a secessionist group called the Republic of New Africa (RNA), going as far as to slam law enforcement for prompting conflicts with the group which resulted in the death of a police officer, as well as injuries to an FBI agent…
…Thompson’s open advocacy of the RNA was found in documents, newspaper clippings and video footage sourced from state, FBI, and local law enforcement agencies, and traces the history of today’s Democratic Party leadership back to the days when they served as far-left, anti-government radicals. That is who serves as the current Democratic leadership in Congress.
The Democrats and Trump haters on the commission taking away Americans’ rights after stealing an election are the real insurrectionists. Everyone knows it.
Photo Of The Day: Soldier from His Majesty The King’s Guard standing in front of the Storting, the Norwegian Parlament, during the opening of the 166:th Storting. They are carrying the Heckler & Koch HK416N with Aimpoint sights, made for Norway. It seems they are using a shorter magazine than the regular army, and it […]
The Mistakes and Mis-Steps of Revolvers in Aviation Nothing quite conveys the power of close air support as much as the low growl of the A-10 Warthog’s GAU-8 Avenger 30mm cannon, or the buzz of the GAU2/A. Certainly, there are some revolving cannons that have a storied record in the sky. There are a few […]
