There is a good reason for the supply chain choke, and Americans throw away *a lot* of food, and loads of them eat way too much, so it's hardly mad max time.
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Agree, but if food starts getting scarce, what starts happening to monetary velocity?
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But isn’t this because of disruption to the supply chains and not because of potential currency debasement ? In Venezuela markets continued to receive their utterly trashed currency throughout the hyperinflation.
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There was a wonderful, potentially decline ending, “diagonal triangle” bottom formation for
$DBA this week. Grains in a future bull market to be added to the future storm
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Good thing I sold at the bottom then.
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Damn, I should have bought a whole steer.
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Meanwhile, American shoppers will gas-up at lifetime inflation adjusted lows on their way to avail themselves of slashed prices as retailers holding heavy levels out of season inventory try to move into summer.
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Stepping back a bit on
$DBA, check out the potential for a massive rise in GRAIN. https://twitter.com/ffvasconcelos/status/1227267371963994114?s=21 …https://twitter.com/ffvasconcelos/status/1227267371963994114 …
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Don't be so disingenuous, I don't see the Shanghai gold contract being able to buy much food right now either... This is a supply chain issue, specific to the US right now as a result of virus induced absence/over consolidation of processing facilities. LT might be different...
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Food scarcity is food scarcity
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