The Suez Canal is one of the more vital trade routes around the world. It is located in Egypt and connects the Mediterranean Sea to the Red Sea dividing Africa from Asia.
A freighter carrier that is larger than the Eiffel Tower in Paris, France has gotten stuck in the canal blocking both entry points. What seemed to be just a freak accident has now caused concern across the nations as this one blockage will result in even more shortages of goods and raw materials for production, a rise in inflation, a rise in oil and gas prices, and more.
A video produced by the Epic Economist breaks down into greater detail what this blockage means for America and other nations.
AUTHOR COMMENTARY
[23] Be thou diligent to know the state of thy flocks, and look well to thy herds. [24] For riches are not for ever: and doth the crown endure to every generation? [25] The hay appeareth, and the tender grass sheweth itself, and herbs of the mountains are gathered. [26] The lambs are for thy clothing, and the goats are the price of the field. [27] And thou shalt have goats’ milk enough for thy food, for the food of thy household, and for the maintenance for thy maidens. Proverbs 27:23-27
[30] And there shall arise after them seven years of famine; and all the plenty shall be forgotten in the land of Egypt; and the famine shall consume the land; [31] And the plenty shall not be known in the land by reason of that famine following; for it shall be very grievous.Genesis 41:30-31
I continually have warned readers, if you have been following us for any length of time, that you need to be preparing for coming economic turmoil. It is getting so horrendous out there the lying media is almost forced to say something on what is going on, but very careful to not “rock the boat” too much (pun intended).
With more abysmal economic news, I note that the stock market will continue to rise higher. It may down in some areas in the days to come, but as we have explained and shown over various economic reports, the markets are not based on reality. The more bad news comes in, the higher markets drive upward; and vice-versa occurs for the “good” news. The market is a giant zombie that has been propped up by the Feds. So with news like this do not be surprised if the Federal Reserve has to come in and reassure the markets with money printing, asset purchases, and control mechanisms to prevent the massive ponzi scheme to collapse.
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“Accident”