Fertilizer Price Spikes and Chinese Import Reliance Threatens US Agriculture Security.

Fertilizer prices have risen more than 100 percent for all major nutrients required for crop production since September 2020, potentially risking the long-term viability of American farms and further increasing the cost of food to US consumers. Between September 2020 and the end of 2021, the price of ammonia increased 210 percent, liquid nitrogen increased 159 percent, urea 155 percent, monoammonium phosphate (MAP) 125 percent, diammonium phosphate (DAP) over 100 percent, and potash rose 134 percent on average across the country. “At a time when COVID-19 already decimated the lives and livelihoods of untold millions, soaring food costs are hitting

NELLES: Those ‘Transitory’ Supply Chain Issues? Uh, They’re Here for a While, And Here’s Why…

Do you remember being told inflationary pressures were transitory? You were told the same thing about the supply chain issues, and that our Secretary of Transportation, Mayor Pete, would fix everything once he returned from paternity leave. Much like inflation, the supply chain disaster is not transitory, and will likely be with us through 2023, when a pending global recession and stagflation will allow it to recover. There are four major drivers of the supply chain problems the global economy is facing: challenges in Asia, ocean freight and port issues, over-the-road trucking issues, and labor. Challenges in Asia. Asia is a

NELLES: Biden Could Quickly Arrest Inflation With These Steps… If He Really Wanted To.

Despite prior warnings, the 39-year high in U.S. inflation was still received as a “surprise” by many. “The pace of inflation escalated to 6.8% from 6.2% in the prior month… more than triple the Federal Reserve’s 2% target… the highest rate since July 1982,” per MarketWatch. Using the inflation formula that was used in the 1970s, inflation is above 13 percent. The formula was changed in 1980 to downplay the inflation risk and to manipulate public opinion. In addition, “soaring inflation is outstripping the biggest worker wage increases in decades. Inflation-adjusted hour pay was 1.9 percent lower in November compared

CORTES: Welcome to Joe Biden’s American Carnage.

In his Inaugural Address, President Donald J. Trump promised that the misery inflicted on everyday Americans by globalists, via constant war and economic abuse, would end with a new America First agenda. He pledged, “this American carnage stops right here and stops right now.” And stop it did, as Trump ended senseless wars and ushered in record-setting wage growth in 2019 before the CCP virus hit America like an epidemiological Pearl Harbor. But now, under Joe Biden, the carnage begins anew, with astounding swiftness and scale, only months into his administration. Biden’s failures exceed even the most dire prognostications of

GRAPHICS: Biden’s ‘America Last’ Ideas Crushed the Working Class in Just 100 Days.

America’s poor have suffered tremendously over the past 14 months. Now comes the real pain. Inflation rose at its fastest pace in 12 years during April, per the U.S. Department of Labor. The Consumer Price Index was up 4.2 percent from a year earlier. Per CNBC, the “increase in the annual headline CPI rate was the fastest since September 2008, while the monthly gain in core inflation was the largest since 1981.” Just over one year ago oil producers had to pay their customers to take delivery of crude oil due to the massive drop-off in travel driven by the

Does the Gold Price Spike Mean Trouble Ahead for the Global Economy?

In a recent appearance on Fox News, supply-side economist Arthur Laffer was asked to give his assessment of the global economy after a week of market turmoil due to tariffs and currency devaluation from China. Laffer does not view the United States as having an immediate risk of recession, but he warned that the rest of the world is not doing well economically and this is weighing heavily on the U.S. as well. Laffer then elaborated on what he views as the most worrying signal for global growth: The indicator I see that is a problem, that tells me that

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