WEBVTT 00:00.000 --> 00:02.600 Sitting here in Asia, looking at fertilizer prices, 00:03.060 --> 00:04.760 when's your pocketbook going to be affected? 00:04.900 --> 00:06.180 Let's put a timeline on it. 00:06.540 --> 00:07.620 And when's the rest of the world 00:07.620 --> 00:08.620 going to begin to starve? 00:09.100 --> 00:09.740 It's all related. 00:17.900 --> 00:20.140 Well, we had COVID to look at as an example 00:20.140 --> 00:23.380 of when fertilizer prices spike and food spikes. 00:24.120 --> 00:25.460 2011 was another one. 00:26.300 --> 00:28.300 This is going to be on the heels 00:28.880 --> 00:30.140 since it is the greatest disruption 00:30.140 --> 00:32.260 in fossil fuels in human history. 00:33.000 --> 00:34.880 It is also related to the greatest 00:34.880 --> 00:36.800 fertilizer disruption in human history. 00:37.460 --> 00:39.680 Got some information from the IMF, 00:39.780 --> 00:40.760 the World Bank for you, 00:41.120 --> 00:44.760 and how expensive the prices are going to creep up 00:44.760 --> 00:46.820 and when you can expect them to hit hardest 00:47.630 --> 00:50.520 just based on past cycles and then future forecasts. 00:51.220 --> 00:54.560 So hold on, have you thought prices got wild 00:54.560 --> 00:57.420 and COVID, do you haven't seen anything yet? 00:59.500 --> 01:03.000 But first, Oman, the wild floods happening there. 01:03.680 --> 01:05.680 Years worth of rain in a single day 01:05.680 --> 01:08.740 turning the WDs into rivers. 01:08.880 --> 01:12.480 Check out the flows coming off the mountain sides there as well. 01:12.660 --> 01:16.480 Waterfalls beginning, and this is so abnormal 01:16.480 --> 01:19.120 that the floods are experiencing are literally 01:20.260 --> 01:21.680 into the 1,000 year mark 01:21.680 --> 01:23.580 so they've had previous floods on the hillside 01:23.580 --> 01:25.180 that they can measure through time. 01:25.720 --> 01:28.140 Again, waterfalls coming down off these same areas. 01:29.240 --> 01:30.120 Interestingly though, 01:30.800 --> 01:33.560 it is that the Musaddam Peninsula 01:33.560 --> 01:35.920 circling red there for you, Oman, 01:36.160 --> 01:38.280 right up on the tip, right at the Strait of Hormuz, 01:38.520 --> 01:39.740 that's why I'm bringing you this one. 01:41.100 --> 01:42.620 And I did not know this either 01:42.620 --> 01:45.800 that Oman occupies three different territories 01:45.800 --> 01:47.240 on the Peninsula Central 01:47.240 --> 01:50.960 and then the larger land mass down on the Arabian Peninsula. 01:51.860 --> 01:53.900 Looking out at it, green waters, 01:54.240 --> 01:56.340 a little bit of snorkeling, that type of thing there. 01:57.320 --> 01:59.660 Old school fishing village, very rocky. 01:59.800 --> 02:02.400 There's really nothing to absorb that water when it floods. 02:02.600 --> 02:03.340 Where does it go? 02:03.620 --> 02:06.880 Straight down the hills into the towns. 02:08.320 --> 02:09.980 Let's go back 2,000 years, 02:10.200 --> 02:13.160 circa 100 AD, the Frankincense trade, 02:14.040 --> 02:16.320 the Nabataean kingdom and Petra there. 02:16.760 --> 02:19.000 Look at the Parthian Empire, that is now Iran. 02:19.800 --> 02:21.920 You can see how the trade routes extended 02:21.920 --> 02:23.640 all the way from Redditerranean clear over 02:23.640 --> 02:27.640 into Eastern Indian Ocean, Western Pacific, 02:27.780 --> 02:28.860 all the way through Indonesia. 02:30.340 --> 02:31.580 Long time for the trades. 02:31.900 --> 02:34.340 Areas had a lot of commerce and disruption 02:34.340 --> 02:36.800 through wars, through the last millennia, 02:36.960 --> 02:38.280 multi thousands of years. 02:38.560 --> 02:43.200 This is nothing different, except it affects you personally 02:43.900 --> 02:46.020 this time, not historically. 02:47.000 --> 02:49.020 The real inflation starts in the soil 02:49.020 --> 02:53.140 and that's the thing about the floods, the soils. 02:54.080 --> 02:58.440 So with all of the, I guess, smoke and burning embers 02:58.440 --> 03:00.880 of things around in that region, 03:01.740 --> 03:03.700 once there's those huge fireworks displays 03:03.700 --> 03:05.980 at whatever New Year, Western New Year, 03:06.820 --> 03:08.820 Chinese Lunar New Year, whatever it is, 03:08.940 --> 03:10.240 usually it rains after that. 03:10.360 --> 03:12.860 A lot of generals always talked about fierce battles. 03:13.620 --> 03:14.460 You know what the amount of smoke 03:14.460 --> 03:15.940 and gunpowder in the air 03:16.320 --> 03:18.400 that it always rained after fierce battles. 03:19.280 --> 03:21.640 So with Oman taking a year's worth of rain in a day, 03:22.140 --> 03:25.420 you have to wonder, is any of this smoke-related incidents 03:25.420 --> 03:27.340 from all these things happening in the Middle East, 03:27.500 --> 03:30.440 burning refineries, oil going off everywhere, 03:30.740 --> 03:32.200 is this have something to do with 03:32.200 --> 03:33.700 what they're seeing weather-wise? 03:33.820 --> 03:36.300 Because if it is, then this is just gonna be 03:36.300 --> 03:39.540 a recurring pattern now on a nightmarish, 03:39.640 --> 03:40.900 you know, a thousand-year flood 03:41.460 --> 03:43.560 coming every single storm when there's precipitation 03:43.560 --> 03:46.880 to be had based on what's happening geopolitically. 03:47.860 --> 03:49.140 Let's get into the numbers. 03:49.340 --> 03:52.660 World Bank calibrated model estimates every 1% rise 03:52.660 --> 03:56.480 in fertilizer prices transmits into a 0.5% 03:56.780 --> 04:00.500 or almost half a percent rise in food commodity prices. 04:01.500 --> 04:04.820 So if your Rio's up 29% in 11 days 04:05.460 --> 04:07.440 and we do just half of that, 04:07.700 --> 04:13.180 you're looking just ballpark around 14, 15% increase 04:13.180 --> 04:14.700 in the food commodities. 04:15.000 --> 04:16.180 But as all good things, 04:16.300 --> 04:18.020 people do those markups along the way 04:18.460 --> 04:20.520 and now we have to pay to go through the straight-ahore moves 04:20.520 --> 04:21.720 even if you get your fertilizer, 04:21.900 --> 04:24.940 add two million bucks for a ship moving through there 04:25.580 --> 04:27.420 and everything just seems to be 04:27.420 --> 04:28.720 getting a little more expensive. 04:29.900 --> 04:31.980 Now, 52% year over year, 04:32.100 --> 04:34.380 where that's already at a 25% rise in a food price 04:34.380 --> 04:35.820 coming up, we used to get a nine-month, 04:35.980 --> 04:36.940 six-to-nine-month delay. 04:37.960 --> 04:39.220 This is gonna continue. 04:39.660 --> 04:44.400 So all analysis from every source I've seen 04:45.080 --> 04:47.480 is saying fertilizer is gonna trend higher. 04:48.380 --> 04:50.000 So I was looking at what, 04:50.180 --> 04:51.860 this is directly right out of the Middle East, 04:52.000 --> 04:52.860 you're a granular. 04:54.160 --> 04:56.680 That red arrow shows you where it has gone. 04:57.260 --> 04:58.740 Where it has continued to go 04:58.740 --> 05:01.280 and will move to needs new bars on top. 05:01.360 --> 05:02.160 They're gonna have to move this 05:02.160 --> 05:03.680 into the thousands after this. 05:04.380 --> 05:06.460 Hey everyone, are you ready to grow 05:06.460 --> 05:08.760 your own fresh, delicious vegetables, 05:09.100 --> 05:11.220 herbs and flowers this season? 05:11.760 --> 05:13.220 If you're looking for the highest quality 05:13.220 --> 05:14.480 heirloom and organic seeds, 05:14.660 --> 05:16.960 I've got the perfect company for you, 05:17.080 --> 05:18.040 True Leaf Market. 05:18.660 --> 05:21.340 They've been a trusted seed company since 1974, 05:21.680 --> 05:24.880 offering 3,000 types of non-GMO varieties, 05:25.060 --> 05:26.480 everything from classic heirloom, 05:26.600 --> 05:27.380 tomatoes and peppers, 05:28.060 --> 05:30.260 direct herbs, microgreen sprouting seeds 05:30.260 --> 05:31.520 and beautiful flowers. 05:32.340 --> 05:33.820 All those seeds are open pollinated, 05:33.820 --> 05:36.380 pure and perfect for home gardeners 05:36.380 --> 05:39.140 or anyone wanting healthy, flavorful produce 05:39.140 --> 05:40.000 without chemicals. 05:40.740 --> 05:42.300 But I love that most of these are huge selection, 05:42.620 --> 05:45.720 fast shipping guarantees plus options for bulk 05:45.720 --> 05:46.920 if you're going big. 05:47.600 --> 05:50.000 If you're excited to start your garden this year 05:50.000 --> 05:52.380 with real, authentic heirloom and organic seeds, 05:52.580 --> 05:55.320 click the link in the description box below 05:55.860 --> 05:57.960 to check out TrueLeafMarket.com. 05:58.080 --> 05:58.920 You won't regret it, 05:59.000 --> 06:01.420 happy planting and thank you for supporting the channel 06:01.420 --> 06:02.660 and this broadcast. 06:03.540 --> 06:05.660 It's going to eclipse anything that we've seen 06:05.660 --> 06:09.120 in the COVID era and also 2011. 06:10.120 --> 06:12.600 So this is the new gold. 06:13.340 --> 06:14.580 If you can't grow food, 06:14.760 --> 06:17.220 you can't have a civilization period. 06:18.040 --> 06:19.340 So off the electroverse, 06:19.600 --> 06:20.800 crunching some numbers, 06:21.000 --> 06:23.920 the world's productive farmlands, 06:24.020 --> 06:25.060 if we're going to cut yields 06:25.060 --> 06:27.180 because without the green revolution, 06:27.280 --> 06:30.080 there's nitrogenous fertilizers produced 06:30.080 --> 06:32.940 with natural gas, which is cut off, 06:33.040 --> 06:35.240 force measure everywhere on natural gas deliveries 06:35.860 --> 06:38.360 that are carrying capacity for the planets 06:38.360 --> 06:39.760 around 3.5 billion, 06:41.920 --> 06:44.560 which is substantially lower than today's population. 06:44.940 --> 06:46.680 So that's half or under. 06:47.260 --> 06:50.560 Can you imagine the chaos and the economic upheaval, 06:51.160 --> 06:54.120 just the social chaos of just even trying to keep law 06:54.120 --> 06:56.560 and order in a food scarce world 06:57.420 --> 06:59.440 where people are actually dying on the streets 06:59.440 --> 07:00.480 from lack of food? 07:00.760 --> 07:01.940 And if you don't get it, 07:02.080 --> 07:03.660 your family's not going to eat. 07:04.460 --> 07:05.620 This is the thing where 07:06.500 --> 07:08.380 so many movies have been done about this. 07:08.480 --> 07:10.220 You also have to wonder about this, 07:10.320 --> 07:12.400 cultural conditioning that we've seen, 07:13.060 --> 07:15.260 bevvies of movies over the last 20 years. 07:16.260 --> 07:17.500 And you start to look at this thing. 07:18.960 --> 07:20.320 Chest moves, you could play 07:20.320 --> 07:23.000 and you could game this one out on the food disruption. 07:24.060 --> 07:25.300 COVID was nasty. 07:25.760 --> 07:28.500 This is going to be nasty plus nastier. 07:30.680 --> 07:32.700 Because in addition to the Middle Eastern sources, 07:32.840 --> 07:34.060 now we have the Chinese government 07:34.060 --> 07:36.520 is exporting outbound shipments of fertilizer. 07:36.680 --> 07:38.020 They're a major fertilizer producer. 07:38.620 --> 07:41.160 America imports an enormous amount from China. 07:42.260 --> 07:44.260 So the Middle East is down, China is down. 07:44.520 --> 07:45.640 And now we've got Russia 07:45.640 --> 07:48.040 suspending exports of ammonia and nitrate. 07:48.680 --> 07:52.520 That's a huge chunk of global fertilizer production 07:52.520 --> 07:56.080 that normally goes out into the agricultural world 07:56.080 --> 07:57.220 for a better term. 07:57.840 --> 07:59.740 And the food drivers off the IMF, 07:59.760 --> 08:00.580 this is the biggie here. 08:00.640 --> 08:02.220 Now you started to put all these pieces together 08:02.220 --> 08:04.540 where the fertilizer price shocks are in, 08:05.180 --> 08:06.540 the oil price shocks are in, 08:07.020 --> 08:09.120 the three year treasury bill shock is in. 08:10.020 --> 08:11.820 So that's three of three so far. 08:11.980 --> 08:13.540 And then we're coming to the harvest shock, 08:13.680 --> 08:15.660 which will be determined 08:15.660 --> 08:17.360 by the amount of fertilizers available 08:17.360 --> 08:19.460 for planting over the next two months. 08:20.920 --> 08:23.720 There's only so far you can go past a planting window 08:23.720 --> 08:25.420 before you've lost the year's crops. 08:26.480 --> 08:30.540 So this graph off of Platt's Middle Eastern fertilizer prices, 08:30.620 --> 08:33.140 you know, the previous one I showed you was at $730. 08:33.360 --> 08:37.220 That is a jump up from 700, 08:37.840 --> 08:40.560 but the sulfur also very much used 08:40.560 --> 08:43.340 in different production processes for metal and mining. 08:43.620 --> 08:45.600 So metals are gonna get more expensive, 08:45.880 --> 08:47.300 fertilizers are gonna get more expensive 08:47.300 --> 08:51.240 and helium's disrupted there 30% since I'm in Taiwan 08:51.240 --> 08:52.820 and they're having a helium disruption 08:52.820 --> 08:54.980 in the semiconductor chip industry 08:54.980 --> 08:59.220 of 30%, which means they're cutting also production. 09:00.000 --> 09:00.740 Everywhere you look, 09:00.960 --> 09:03.220 every possible manufacturing process around the planet 09:03.220 --> 09:04.500 is being affected by this. 09:05.560 --> 09:08.260 Thin rate off DD geopolitics, 09:08.820 --> 09:11.440 the famine signal China fertilizer embargo. 09:12.420 --> 09:14.580 Now we got the Russian and fertilizer embargo 09:14.580 --> 09:16.880 and we got the Middle East fertilizer embargo. 09:17.500 --> 09:19.560 So I don't know how many more embargoes you can go 09:19.560 --> 09:22.540 before it's obviously in everybody's face. 09:23.780 --> 09:25.340 Now, everybody's gonna assure you 09:25.340 --> 09:26.740 that this thing is just temporary 09:26.740 --> 09:28.260 and we're gonna get planted. 09:29.080 --> 09:31.660 If we get planted and we don't have fertilizers 09:31.660 --> 09:33.640 for mid-season application and ease in, 09:34.060 --> 09:36.220 you know, a lot of countries buy it as they use it. 09:36.280 --> 09:39.360 We're just so lucky we have farm services, 09:40.240 --> 09:42.460 organizations, USDA that allow farmers to get loans 09:42.460 --> 09:44.840 to pre-purchase a lot of these things that they need, 09:45.060 --> 09:46.440 at least on the large ag bedside. 09:47.200 --> 09:48.900 Now they can get what they pretty much need, 09:49.020 --> 09:50.480 hundreds of thousands of pounds of this, 09:50.720 --> 09:52.380 hundreds of thousands of gallons of diesel, 09:52.380 --> 09:54.260 all this stuff in advance to get ready. 09:55.340 --> 09:57.740 But in many a country across the planet, 09:57.980 --> 09:59.520 it is get it as you plant, 09:59.680 --> 10:01.080 like literally that week you'll buy 10:01.500 --> 10:02.800 for what you're going to plant. 10:05.120 --> 10:08.160 So the rest of the world is gonna be affected first 10:08.160 --> 10:10.400 and faster than we would be in the U.S. 10:10.440 --> 10:12.820 in places like Canada that get farm financing. 10:14.180 --> 10:15.580 If they don't have the fertilizers, 10:15.660 --> 10:17.320 we're looking at a 50% yield, 10:18.960 --> 10:21.100 half of what's normally achieved 10:21.100 --> 10:23.320 by applying all these fertilizers. 10:23.520 --> 10:25.540 Now, not even, now what happens with the pesticides? 10:25.800 --> 10:26.620 Well, if we don't have that, 10:26.660 --> 10:28.120 then the insects are gonna be a problem. 10:28.980 --> 10:32.380 A lot of things would be better left off of our crops, 10:32.600 --> 10:34.740 you know, at juveness shall we say, 10:34.820 --> 10:36.800 like pesticides, herbicides, fungicides, 10:36.900 --> 10:39.320 better left off our crops for healthier foods, 10:39.320 --> 10:42.520 but those things also increase our yields 10:42.520 --> 10:44.240 and without those yield increases, 10:44.240 --> 10:47.020 then the work in the math on it, 10:47.100 --> 10:50.200 on each 10% reduction in food 10:50.740 --> 10:53.840 takes up your food price, a certain percentage. 10:54.100 --> 10:55.400 That's regionally dependent. 10:55.960 --> 10:58.260 So again, what we might experience in America 10:58.260 --> 10:59.760 would be different than what they were experiencing 10:59.760 --> 11:02.100 in Bangladesh or what they might experience in Pakistan. 11:02.880 --> 11:03.900 But everywhere you go, 11:04.060 --> 11:07.220 the disruptions are these transit points 11:07.220 --> 11:09.600 for other goods and services across the world. 11:10.040 --> 11:11.780 Like if India gets disrupted because of food, 11:12.460 --> 11:15.340 like there's a huge amount of trans shipment 11:15.340 --> 11:16.520 happening through India. 11:16.860 --> 11:19.460 Like what happens if it goes South in Hong Kong or Singapore? 11:19.900 --> 11:22.040 You know, Taiwan, there's so many places 11:22.040 --> 11:25.380 where if it's disrupted, all these transmodal modes 11:25.380 --> 11:28.300 of shipping to get goods from point A to point B 11:28.300 --> 11:32.260 gets more disrupted and it just spirals out of control. 11:32.740 --> 11:34.680 So the number one thing is the food, 11:34.800 --> 11:36.620 the fertilizers and the transportation availability 11:36.960 --> 11:39.340 of that to grow foods cheaply enough 11:39.860 --> 11:42.380 that society still holds itself together. 11:42.620 --> 11:43.980 And we've seen through history routinely 11:44.460 --> 11:45.940 where it doesn't and it hasn't. 11:46.020 --> 11:50.400 And we as archeologists today find the remnants 11:50.400 --> 11:52.200 of those previous great civilizations 11:52.200 --> 11:55.660 that couldn't get their food production together enough. 11:55.860 --> 11:57.160 And that's why they collapsed. 11:59.020 --> 12:00.340 So again, the best thing we can do 12:00.340 --> 12:01.960 is look to the past to see the future. 12:02.500 --> 12:05.060 And you'll see the spikes here, 2011, 12. 12:05.180 --> 12:07.740 That was a big one for fertilizer, food shocks, 12:07.740 --> 12:09.940 price up, things sort of stabilized. 12:10.200 --> 12:13.320 COVID came back in and that's at 35% increase there in 2022. 12:14.200 --> 12:18.960 With the Ukraine, Russia intervention there, 12:19.120 --> 12:21.060 that is all part of that tied in. 12:21.900 --> 12:23.140 So if we really move it forward, 12:23.240 --> 12:25.300 you can see there's about a six to nine month delay 12:25.300 --> 12:27.380 between some sort of geopolitical event, 12:27.580 --> 12:30.900 natural events, disruptions to the price spike peak. 12:31.580 --> 12:34.660 So we're looking at Black Sea grain initiatives 12:34.660 --> 12:37.680 being put in where the world had to give fertilizers 12:37.680 --> 12:41.660 and get pricing stabilized because of that conundrum 12:41.660 --> 12:44.040 in the world's, one of the world's largest bread baskets, 12:44.280 --> 12:46.760 Ukraine, took 30 million tons offline. 12:47.720 --> 12:50.500 Well, that's your peak about six months after. 12:51.700 --> 12:53.760 So if we look at the price shock pass through, 12:53.860 --> 12:55.560 meaning when the shocks hit, 12:55.640 --> 12:57.600 where is those costs passed onto 12:57.600 --> 13:00.840 and how long does the start to finish date on it? 13:01.100 --> 13:04.020 So we're about a month into this Edan thing here. 13:04.020 --> 13:05.960 So that'll be month number one. 13:06.020 --> 13:07.880 You're starting to see the prices run up, 13:07.880 --> 13:10.640 but this is a very different animal we're looking at. 13:11.220 --> 13:14.160 So as we approach month nine for at least 13:14.700 --> 13:18.160 high trade open countries and high income countries, 13:19.400 --> 13:21.600 it very much follows the same trend. 13:22.160 --> 13:24.040 The price spike should start hitting us 13:24.040 --> 13:25.360 about nine months from now. 13:25.580 --> 13:26.920 What, how high is it gonna go? 13:28.820 --> 13:30.200 The event's not over. 13:30.540 --> 13:32.040 So the disruptions continue 13:32.040 --> 13:35.400 and the prices will continue to continue, if that makes sense. 13:36.120 --> 13:39.140 So here's the FAO Food and Agriculture Organization 13:39.140 --> 13:40.140 from the United Nations, 13:40.280 --> 13:42.360 putting out their Serial Price Index. 13:43.320 --> 13:45.080 You notice that we're sitting at 108 right now, 13:45.780 --> 13:47.700 but where do the previous spikes occur 13:48.140 --> 13:50.720 in the exact same time, the 2011 disruption, 13:52.700 --> 13:56.120 2022 events that caused this spike as well. 13:57.220 --> 13:58.820 So where do you think we would sit 13:58.820 --> 14:00.280 on a timeline of disruption? 14:00.280 --> 14:02.400 So the World Serial Price Index, 14:02.540 --> 14:04.280 and we're gonna get in a little closer here. 14:04.960 --> 14:06.200 Notice the spike 2022, 14:06.980 --> 14:10.280 that is subsequent because of disruptions in Ukraine, 14:11.100 --> 14:15.680 one country, not global, regional for a better term, 14:16.020 --> 14:17.020 but highly wide, 14:17.600 --> 14:20.060 because Africa imported a huge amount of grain 14:20.060 --> 14:22.280 from Ukraine and their grains were cut off. 14:23.160 --> 14:26.480 World Food Price Index, that means spike 2022, 14:26.700 --> 14:27.680 they're following a pattern. 14:28.160 --> 14:30.920 What do you see in the World Vegetable Oil Price Shock Index? 14:31.740 --> 14:36.060 2022 peak, dairy price index peak 2022 14:36.400 --> 14:37.700 and we're peaking now again. 14:37.920 --> 14:40.820 Well, that's gonna probably go into a triple top 14:40.820 --> 14:41.980 on this one, I would expect. 14:43.160 --> 14:46.480 And as we see the meat price index, 2022 peak, 14:46.620 --> 14:49.080 but we are back eclipsing that even now, 14:49.160 --> 14:50.900 it's going higher on the meats. 14:51.440 --> 14:52.480 So everywhere you look, 14:52.860 --> 14:56.500 you're starting to see the same repeating patterns. 14:56.500 --> 15:00.520 So nine months from now will be far higher than 2022, 15:00.680 --> 15:03.060 expectations for peak on pricing. 15:03.660 --> 15:05.700 And here's one last little cherry on the top 15:05.700 --> 15:06.900 to wrap out tonight. 15:07.840 --> 15:10.100 The toll process requiring two to four million 15:10.100 --> 15:12.200 per tanker slash break bar, 15:12.320 --> 15:14.780 whatever it is, cargo, vessel, oil carrier, 15:15.500 --> 15:17.060 LNG carrier, whatever, 15:17.240 --> 15:19.440 they're charging two to four million 15:20.000 --> 15:21.800 per shipment to allow it to pass. 15:21.920 --> 15:23.520 That's a new toll road on our world. 15:23.600 --> 15:25.140 So everything from this point forward 15:25.660 --> 15:27.400 is gonna cost you at least this much. 15:28.640 --> 15:29.440 Passed on cost. 15:29.700 --> 15:31.160 This is just gonna be a new toll 15:31.160 --> 15:33.420 that you're going to pay for life 15:34.040 --> 15:35.500 because this area of the world 15:35.500 --> 15:38.440 is now gonna have a pass through cost on it permanently. 15:39.820 --> 15:40.780 And when I say that, 15:40.860 --> 15:42.560 even the U.S. is talking with the other hand, 15:42.640 --> 15:43.860 saying, yeah, we can control it 15:43.860 --> 15:46.180 and we can have a continuous flow of money for you, 15:46.420 --> 15:47.720 for this toll system, 15:47.780 --> 15:52.440 for every vessel outbound or inbound forever. 15:53.000 --> 15:55.480 So here, that's just another cost that lays on top, 15:55.740 --> 15:58.620 four million for a single ship. 15:58.800 --> 16:00.220 Well, that's gonna be every ship. 16:00.300 --> 16:02.300 That's 30% of everything on the world 16:02.300 --> 16:04.560 is gonna have an extra two to four million dollars 16:04.560 --> 16:05.640 tacked on top of it. 16:05.720 --> 16:06.780 That cost is going to you. 16:07.360 --> 16:10.040 Their company is not gonna eat that right to you. 16:11.020 --> 16:13.900 So if you think it's got expensive, 16:14.180 --> 16:15.300 if you think that so far, 16:15.500 --> 16:17.500 this is gonna be a continuous tax. 16:18.180 --> 16:19.740 You know, they were talking about global taxes 16:19.740 --> 16:21.200 for emissions and that sort of thing. 16:21.800 --> 16:24.300 This is that in a different form, 16:25.460 --> 16:28.240 different packaging, prettier bow on it, 16:28.420 --> 16:29.620 same, same, but different. 16:30.380 --> 16:32.380 And as we move forward with fertilizer pricing, 16:32.800 --> 16:34.120 if it keeps going up 16:34.120 --> 16:37.260 and the amount available continues downward, 16:37.920 --> 16:40.380 then this is gonna be a very significant year 16:40.380 --> 16:43.640 in terms of how foods are gonna get 16:43.640 --> 16:44.820 so expensive so fast. 16:44.900 --> 16:46.220 Like you're watching the fertilizer prices 16:46.220 --> 16:47.820 go up 20, 30% in a week. 16:48.600 --> 16:50.640 When food prices start to trend on this 16:50.640 --> 16:53.580 and follow, especially right around July, 16:53.960 --> 16:56.320 they get a good gauge of harvest health 16:56.320 --> 17:00.120 and crops progress and all these things. 17:00.300 --> 17:02.040 They run through and do all the wheat and corn 17:02.040 --> 17:04.100 and that sort of thing in the U.S. around that time, July. 17:05.540 --> 17:07.080 If it goes to the low point 17:07.080 --> 17:09.980 and people are just freaking out in the ag space, 17:11.520 --> 17:12.740 we're absolutely gonna have to go 17:12.740 --> 17:14.280 to some sort of universal basic income. 17:14.440 --> 17:16.020 People won't be able to afford the food. 17:16.380 --> 17:19.240 Now many will, don't get me wrong, many will. 17:19.240 --> 17:24.560 But in the scheme of things, many won't. 17:24.960 --> 17:27.680 So how do you keep that segment of society satiated 17:27.680 --> 17:31.300 and at least mentally stable enough that they can eat 17:31.300 --> 17:33.480 that next week they can still have food? 17:34.280 --> 17:36.020 This is far beyond snap. 17:36.160 --> 17:39.580 This is way, way back into half the country 17:39.580 --> 17:40.920 is gonna need some sort of money. 17:41.300 --> 17:44.260 And that's great that people can get it for assistance 17:44.260 --> 17:46.120 but at some point there's gonna be animosity. 17:46.260 --> 17:48.180 Like why am I paying five times food price 17:48.180 --> 17:49.580 and those people are getting it free. 17:50.520 --> 17:52.980 It's gonna come into that sort of next contagion. 17:53.100 --> 17:54.260 You can see how it's gamed out 17:54.260 --> 17:56.620 to move the world in a certain direction. 17:56.760 --> 17:58.340 You always have to have people in fighting, right? 17:58.440 --> 17:59.480 So that'll be another one. 18:00.140 --> 18:02.620 When food spikes, UBI comes in 18:02.620 --> 18:04.560 and the people who are really making money 18:04.560 --> 18:06.920 or can afford it are gonna be super angry 18:06.920 --> 18:07.820 that they need to pay 18:07.820 --> 18:09.440 and their quality of life is gonna reduce. 18:10.440 --> 18:12.500 This is just so routine through history. 18:12.880 --> 18:14.100 It shouldn't be even shocking. 18:14.480 --> 18:15.820 You should just look at the history book 18:15.820 --> 18:17.040 and go, oh, it's our turn now. 18:17.840 --> 18:20.620 Hmm, what happened every single time since then? 18:21.480 --> 18:22.980 These societies become complacent 18:22.980 --> 18:24.260 like it's never gonna happen to us. 18:24.500 --> 18:26.380 It's just a repeating cycle in history 18:26.380 --> 18:28.900 and I can't believe more people aren't getting ready for it. 18:28.900 --> 18:30.680 So please prepare to grow your own food. 18:31.420 --> 18:32.420 We're gonna get the announcement 18:32.900 --> 18:34.000 that you're gonna have to start growing 18:34.000 --> 18:34.800 some of your own food. 18:34.900 --> 18:37.540 This revival of the Victory Garden is already on the books. 18:38.200 --> 18:39.560 This thing is gonna stretch 18:39.560 --> 18:42.000 and there's doesn't seem to be any sight 18:42.480 --> 18:44.080 that you can see where it's ending. 18:44.080 --> 18:48.440 This is a new movement of the world perpetually forever 18:48.440 --> 18:51.140 for the rest of our lives in this new direction. 18:52.380 --> 18:53.800 This is that pivot point. 18:55.380 --> 18:57.700 Needed, manufactured, curated 18:58.580 --> 19:00.480 and forced down our throats. 19:02.240 --> 19:04.900 So a good source of seeds that I love and I use 19:04.900 --> 19:06.660 and I plant in my own personal garden, 19:06.840 --> 19:09.200 trueleafmarket.com, heirloom organic seeds 19:09.200 --> 19:10.220 for any growing on the planet. 19:10.300 --> 19:12.020 I talked about them for what, well over a decade. 19:12.020 --> 19:13.660 I still use, love that company. 19:14.280 --> 19:16.300 Check out that link in the description box below 19:16.300 --> 19:17.720 and my Patreon supply. 19:18.000 --> 19:21.120 I definitely have their storeable food kits myself 19:21.120 --> 19:22.580 because I believe in the company. 19:22.940 --> 19:24.140 These are two of my recommendations 19:24.140 --> 19:25.580 that might help you get ready. 19:25.800 --> 19:27.980 They have a one week kit, a three day kit, 19:28.060 --> 19:29.760 a one month kit for storeable foods 19:29.760 --> 19:31.140 just to dip your toe in the water. 19:31.340 --> 19:33.100 So you're not spending an enormous amount 19:33.100 --> 19:34.320 not knowing what you're getting. 19:34.680 --> 19:36.000 But check both of these out. 19:36.520 --> 19:37.680 This world we're moving into 19:37.680 --> 19:39.200 is getting stranger by the minute. 19:39.860 --> 19:42.180 Like I said, I'm just not sure when this ends 19:42.180 --> 19:44.240 but one thing assured is food 19:44.240 --> 19:46.440 is gonna go up again in price. 19:48.800 --> 19:50.040 Are you prepared for that? 19:51.180 --> 19:54.000 You can be when others aren't going to be. 19:54.180 --> 19:55.640 So I'll catch you next video 19:55.640 --> 19:57.160 talking about the fuel shortages 19:57.160 --> 19:58.440 and rationing here in Asia. 19:58.580 --> 19:59.300 Since I'm here now, 19:59.440 --> 20:01.320 this channel is moving over to fertilizer 20:01.320 --> 20:04.180 and fuel reports along with strange weather 20:04.180 --> 20:07.820 but stay glued with me as I travel around Asia 20:07.820 --> 20:10.720 and get into the thick of all these disruptions 20:10.720 --> 20:11.980 just so I can see it firsthand. 20:12.600 --> 20:13.520 Bring it to your firsthand 20:13.980 --> 20:17.640 and cut through the curated news muck raking 20:17.640 --> 20:19.800 to try to get you to believe in a certain way. 20:20.480 --> 20:22.380 Are these stories real out here or not? 20:22.600 --> 20:24.380 Well, let's travel around and see if they are.