American Monetary Association 425: Doomberg Predicts Scary Food Shortage Crisis Ahead!
Jason Hartman welcomes a special guest today, the mysterious and brilliant Doomberg, to discuss if the story of 2022 could be a food inflation and food shortage crisis born directly from the energy crisis that we're seeing today. Jason and Doomberg take on this ongoing train wreck energy crisis we're living through and discuss how China's response to the energy crisis that started in Europe is creating even more supply chain issues. The cost of energy is embedded into every product and service, and Doomberg demonstrates how this energy crisis is going to feed into substantial price shocks in the food space. Just consider how the price of fertilizer has recently skyrocketed! These increases will hit the poor and the lower middle classes of the economic spectrum the hardest, but they offer some possible solutions for uncertain times ahead.
"Doomberg is the anonymous publishing arm of a bespoke consulting firm providing advisory services to family offices and c-suite executives. Its principals apply their decades of experience across heavy industry, private equity and finance to deliver innovative thinking and clarity to complex problems."
Get Doomberg's latest articles: https://doomberg.substack.com/
Twitter: https://twitter.com/DoombergT
Key Takeaways:
1:00 What can we expect in 2022?
2:40 If you choke off the energy supply, you're deciding who lives and dies
4:13 Consequences of the anti fossil fuel movement
6:46 Liquid natural gas (LNG) prices are skyrocketing
8:56 Aluminum alloys, magnesium and the automotive industry
12:12 "America's Energy Strategy is Bonkers" - shutting down of the Keystone Pipeline and the national moratorium on drilling
13:37 Beholden to Vladimir Putin for supplying gas, Europe is one violent cold snap away from political uprising
14:45 The price of fertilizer has skyrocketed in the US leading to massive price spikes in food
16:13 "Starvation Diet" and inflationary food prices
18:54 Should we prepare for the worst? What can we do to prepare?
23:21 Increase the working capital of your home; being prepared is not selfish, it's responsible
26:57 Generators for emergency times
30:32 Economic and financial action steps for tough times ahead
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