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Dark Truth About Biden’s Supply Chain Crisis

by Market FinancePosted onDecember 7, 2021December 7, 2021

Things are worse than ever…

It now appears that there are a whopping 123 massive transatlantic ships stuck off the coast of the Los Angeles and Long Beach ports waiting to unload their cargo and move on.

According to the Marine Exchange, these 123 ships make up 40 percent of all shipped containers that are expected to be received in the United States.

Ship Report 12/6: 123 ships inside 40 mi of LA/LB including 68 loitering or anchored & 55 at berths. Of the 123, 62 are container ship including 35 at anchor or loitering & 27 at berth. 15 vessels loitering; 8 container, 4 bulk & 3 tankers. pic.twitter.com/aGMPJZq8yb

— Marine Exchange (@MXSOCAL) December 7, 2021

What’s even worse is that while these ports are completely jammed, truck drivers are furious because they are being forced to wait an astounding eight hours just to load up their freight and begin transporting it. This surprisingly results in the the truck drivers earning less money and there is a shortage of about 80,000 drivers in America today.

All of this could result in a price increase of 17% on important products such as computers, toys, clothing, and televisions.

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Posted in FinanceTagged amazon, AMC, Biden, Bitcoin, bitcoin merchant account, bitcoin mining cloud computing, bitcoin stock chart, business, buy stocks with bitcoin, car insurance, company, crisis, crypto, cryptocurrency, Doge, DOW, DOW Jones, ethereum, Finance, GME, how to invest in bitcoin stock, inflation, investing, market, mortgage, oil, OPEC, Poll, real estate, S&P, S&P 500, stock market, stocks, supply chain, Tax, taxation, Tesla, trading

Published by Market Finance

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