Guest Post by Martin Armstrong
The kids Obama attempted to bomb in Yemen all those years ago grew up fast. They’ve now formed surprisingly efficient militias who hate the West and have become powerful enough to impact global trade. Yemeni Houthi rebels are blocking carriers from passing through the Suez Canal and have created near pandemic-level disruptions to the supply chain.
The militia is currently in route to the Suez Canal via the Red Sea. There has been a 25% drop in commercial traffic through the Suez Canal since November. They were initially targeted shipping liners linked to Israel, but began targeting everyone by December. International shipping liners are doing everything to avoid passing through the Gulf of Aden and South Africa. This has completely altered trade between Europe and Asia as the trip is significantly longer.
Longer trips equate to higher shipping costs. The cost to move a 40-foot container from Asia to Northern Europe now costs $4,000 – a 173% increase. The route from Asia to the US have risen by about 55% since December at around $3,900. The Shanghai Containerized Freight Index (SCFI), a different calculation for the cost of goods shipped from China, believes costs have skyrocketed 161% since December 15, 2023.
So far, 18 companies have rerouted their orders to avoid the conflict. Shipping rates are now DOUBLE 2019 pre-pandemic levels. The IMF believes 3.1% of ALL world trade is fleeing the Red Sea.
The price of goods will rise, and that will be passed onto consumers; inflation will rise. Governments will be forced to step in to prevent the Houthis from further disrupting world trade. Lives will be lost. And now the West has a valid reason to begin the Israeli canal that they’ve been envisioning for years. This is only the beginning of what will be a violently expensive situation that will send ripple effects throughout the global economy.
It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
-----------------------------------------------------
To donate via Stripe, click here.
-----------------------------------------------------
Use promo code ILMF2, and save up to 66% on all MyPillow purchases. (The Burning Platform benefits when you use this promo code.)
Dear GOD! NOT the toilet paper again!!!
No amount of tp can clean the stench off you, asshole
Well that REALLY showcased YOUR intelligence. Your parents must be SO proud!
You really showcase artificial intelligence.
Condoms?
And with CBDCs, hookers and blow.
Global chaos and WW3 is a small price to pay so as not to be offended by Trumps mean tweets.
Expect more and more and more Blowback.
After decades of killing innocents and practicing genocide to enrich the military complex and enrich our fucking elected representatives, all in the name of “spreading democracy” and “protecting American interests”……it’s our time to suffer now.
Biden was chosen for a reason.
This induced chaos is the result of the numerous traitors that exported our ability to produce product for national and international trade.
Politicals and **cough** patriotic corp heads are the shyte stains that have done this, remember this when its hunting season.
Yeah,thirty years ago….
oh, so these dirtballs are no longer doing this!?
When did they change??
That Israeli canal would still have to pass the Gate of Tears and the Houthi. And, interest rate increases have killed free money.
Exactly. The Israeli canal has as much chance of happening as a full time human occupied moon base. There is no money or lenders for giant projects like that anymore
Plus, anyone familiar with plate tectonics knows that Red Sea, the Gulf of Suez and Gulf of Aqaba, are the result of, and sit right on top of major plate fault lines. Saudi Arabia is just floating around on oil that has been mostly extracted and some day it and surrounding areas, will pay a geologic price for that.
Then throw in goat herders once again creating havoc.
The good news is that Europe will suffer WAY more than us, the vast majority of the “3.1% of all world trade” is bound for Europe. Fuel and shipping rates up but other than that, not really a big deal for us and nothing compared to the pandemic supply problems.
Maybe that is why the Navy isn’t laying waste to Yemen and is withdrawing a carrier group, but who knows? I sure don’t.
I read somewhere that the joos will move all the gazan people into that corridor where the canal is proposed and then nuke them along that length. It’ll be bigly and beautiful because the terrorists will be nuked, a channel formed and the world will know not to mess with the special peoples.
win win win… who could argue that, right
and we’ll all luv israel moar…
Auntie doesn’t understand you DV party poopers.
The oil is being created underground almost as fast as it is being extracted.
“There has been a 25% drop in commercial traffic through the Suez Canal since November.”
So 75% of them are still using it.
” They were initially targeted shipping liners linked to Israel, but began targeting everyone by December.”
And yet everyone told me they knew exactly who to target, muh vesselfinder, etc.
Martin is a liar or ignorant. They are still only targeting Israeli ships, no matter how many harbors and shell companies they are hiding behind.
What percentage jew ownership does it take to get targeted?
Think what things might be like if we had a president. Even a mediocre one.