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Shortages Plague Biden Economy: “NOW THE NORM”

September 16, 2021 By E.J. Smith - Your Survival Guy

By Corona Borealis Studio @ Shutterstock.com

You probably never imagined an America where shortages are “now the norm.” But that’s exactly how the Biden-economy is being described by Reuters. Howard Schneider and Timothy Aeppel report for Reuters:

Shortages of metals, plastics, wood and even liquor bottles are now the norm.

The upshot is a world where buyers must wait for delivery of items that were once plentiful, if they can get them at all. [Lauren] Rash [owner of Diamond Brand tent manufacturer] has piles of tents she can’t ship because she can’t get the right aluminum tubing for their frames, for instance, while others lack the right zippers.

Along with the shortages come hefty price increases, which has fueled fears of a wave of sustained inflation.

There’s growing tension among Federal Reserve policymakers over how to gauge the long-term impact on prices. Some Fed policymakers are more convinced than others that price pressures will recede after some of the supply chain disruptions are resolved. How this debate evolves could influence how quickly the Fed moves to reduce the pace of asset purchases launched at the start of the pandemic, and how soon it lifts the policy interest rate from its current level near zero.

You have watched as shortages of fuel, food, lumber, and other goods have plagued America and sent prices soaring with inflation not seen in decades. The volatile prices of Bidenomics are breaking Americans’ confidence, and destroying their savings.

To most Americans, shortages are something that happen elsewhere, communist countries, third world nations, disaster-hit areas. They’ve never conceived of shortages at home. But when government begins messing with the supply chain, and governors go wild with regulations and shutdowns, and “free” money starts flowing, you begin to see the effects government interventions can have on the economy, and they aren’t pretty.

Is Your Family Prepared for the Next Disaster? Click Here to Survive and Thrive

Action Line: Shortages for tent velcro and aluminum tubes might not mean a lot to you if you’re not buying a tent, but the same forces disrupting the supply chain for tent poles are acting on the things you do care about. Food, fuel, housing, services, and everything else you buy are being affected by the same stimulus payments and Federal Reserve policy. It’s time to prepare yourself for the future. If you’re serious about surviving, click here to sign up for my free monthly Survive & Thrive newsletter. I’ll work hard to help you achieve your goals of preparing you and your family for financial and personal safety and success. But only if you’re serious.

Originally posted on Your Survival Guy.

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

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E.J. Smith - Your Survival Guy
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

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E.J. Smith - Your Survival Guy
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