The story of Lil Donny creating an economic time bomb, literally made of shit.
The Strait of Hormuz is the little problem that Donny was too stupid to see
coming. Gas prices have spiked and therefore everything has spiked. But that's
just the first wave. The second wave is a time bomb. A time bomb made of shit.
Qatar, Saudi Arabia and the UAE produce fertilizer using their natural gas. Ship
it through the Strait of Hormuz and off to U.S. farmers just in time for spring
planting. This generates about 35% of the world's fertilizer, all traveling
through a very small choke point that is controlled by Iran. Now we've already
seen a 4% jump in food prices and we're likely to see another 5% in the coming
weeks. However, if corn and soy do not get the proper amount of fertilizer by
the end of this month, food price in America will, without any doubt, jump to
20% by September. Bread was around $2 a loaf and will reach nearly $3 by
September. A pound of ground beef was around $5 in January and will likely reach
$7 by the fall. Coffee was roughly $9 a pound and will reach $12 a pound by
September. Here's the really terrible thing, we've likely already crossed this
deadline, even if right now. Today, the moment you're watching this, the Strait
opened up. The logistics of moving that much material through the Strait would
take weeks and an additional month just to cross the globe. We may already be
very, very fucked. He will then try to blame everyone else, but this is 100% his
doing, something he decided to do because he had a gut feeling. But the only gut
feeling you're going to have is the taste of starvation.