Two Shortages That Threaten To Absolutely Eviscerate The Global Economy In 2022

This was supposed to be the year that things “got back to normal”, but here we are at the end of January and things have only gotten worse. As we move forward into February and beyond, there are two key global shortages that we are going to want to keep a very close eye on. One of them is the rapidly growing fertilizer shortage. A few days ago, the Wall Street Journal ominously warned that “high fertilizer prices are weighing on farmers across the developing world”…

From South America’s avocado, corn and coffee farms to Southeast Asia’s plantations of coconuts and oil palms, high fertilizer prices are weighing on farmers across the developing world, making it much costlier to cultivate and forcing many to cut back on production.

That means grocery bills could go up even more in 2022, following a year in which global food prices rose to decade highs. An uptick would exacerbate hunger—already acute in some parts of the world because of pandemic-linked job losses—and thwart efforts by politicians and central bankers to subdue inflation.

According to the International Fertilizer Development Center, exceedingly high fertilizer prices could result in a reduction of agricultural output in Africa alone “equivalent to the food needs of 100 million people”.

So this is a really, really big deal.

And this crisis is going to deeply affect us here in the United States too. The following comes from a recent piece authored by U.S. Senator Roger Marshall…

It’s no secret farmers are faced with a fertilizer crisis. Prices for phosphorus-based and potassium-based (potash) fertilizers have more than doubled in Kansas while Nitrogen-based fertilizers have more than quadrupled. Fertilizer is vital to feeding not only the country, but the world. It contains essential nutrients for plant life, and without it, American agricultural yields will quickly suffer as well as food prices in local grocery stores.

As I discussed the other day, these crazy prices for fertilizer are going to make it impossible for many U.S. farmers to profitably plant crops this year.

That means that a lot less food is going to be grown.

On the other side of the world, the North Korean government is asking their citizens to start creating “homemade” fertilizer from their own waste…

State-run media has also been encouraging people to make “homemade” manure, The Daily Beast reported. A source in North Hamgyong Province told Daily NK that residents had started “producing fertilizer from human waste” after authorities launched a 10-day drive to increase production.

Perhaps U.S. citizens should give this a try, because a lot of us are certainly full of crap.

The other major shortage that I want to highlight in this article is...

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