We know what’s coming and we are prepared.
Oil and Water
Rabobank Global Strategist Michael Every began a Tuesday note aptly named "Oil and Water" by acknowledging the value of "oil and water (routes)" in an inflationary, multipolar world: "Especially as Yemen’s Houthis have attacked ships carrying cargo via the Red Sea or Arabian Gulf. Welcome to how the world used to work before British, then US, naval supremacy. This is what a multipolar world is going to look like..."
Michael Every laments that it’s only reactive to attacks on shipping, not proactive at the source: "That maintains the risk for more shipping to divert from Suez round the Cape of Good Hope: if so, global carriers would only be able to make 3-4 Asia-Europe roundtrips per year, not 4-5, a massive structural drop in supply capacity. The Financial Times warns , including the drought in Panama cutting passages there and geopolitical risk threatening the Suez."
The Rabobank report appropriately followed an article out of the FT titled ‘Global pre-Christmas trade at risk from twin canal crises’, which warned of a synergistic supply shock from both the Panama drought and, of course, ongoing geopolitical risks near the Suez.
The FT notes that "Switching routes from Panama to Suez adds five days to journeys between New York and Shanghai... If more shipowners avoid the Suez Canal and take the long route around Africa’s Cape of Good Hope for journeys between the same cities, this could add an additional six days to their journey."
At least 167 ships crossed the canal during the first week of December this year, compared with 238 last year. Authorities have for the first time reduced the number of crossings, which by February will be limited to only 18 ships a day.
Multiple shipowners have already applied surcharges of hundreds of dollars per container for exporters sending goods through Panama, as the cost of using the canal increased by up to millions of dollars per ship passage. Hapag-Lloyd announced an upcoming “war risk surcharge” of up to $80 for all shipments to and from Israel.
HOLY CRAP! NAACP lawyer came before the Supreme Court and said the quiet part out loud
Janai Nelson said we need race-based districts because: "white Democrats were not voting for black candidates whether they were Democrats or not!"
This is INSANE.
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BREAKING: In an insane move, Justice Ketanji Jackson declares we need to draw Congressional districts based on race because black people are like disabled people
"They don't have equal access to the voting system. They're DISABLED!"
This is utter madness. How did she get on the Supreme Court?!
"My, kind of, paradigmatic example of this is something like the ADA. Congress passed the ADA against the backdrop of a world generally not accessible to people with disabilities...why is that not what's happening here?!"
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BlackRock CEO Larry Fink says this is only the beginning as the tokenization of everything is underway.
Money, property, and even personal identity will soon exist in digital form.
He calls it a major opportunity for BlackRock, saying the plan is to move beyond traditional financial assets by digitally re-potting them into a new system.
🔗 Shadow of Ezra (@ShadowofEzra)
🤖📱 Between empty promises of a billionaire and a social credit system. The “secret” way your behaviour is ranked on X
What is Tweepcred? It’s a reputation system inherited from the days of Twitter, a social credit mechanism built into X, where every like, comment, retweet, or interaction feeds a hidden score. Post the wrong thing, and your reach is throttled, invisible to followers, blocked from the For You Page, and your voice is confined to a digital coffin. The worst part? X won’t even tell us what we’re doing wrong.
Tweepcred was open-sourced two years ago as part of Elon’s big push for “transparency.” The release confirmed what many suspected for over a decade: the system wasn’t neutral. It could be gamified, and it rewarded those who knew how to play it. Industry insiders and large organizations held a massive advantage over individuals, defeating the very purpose of the internet and the cultural revolution that once challenged mass media.
Content was no longer ...
🇺🇸👨🌾 Meriwether Farms on X:
Dear Trump,
We love you and support you— but your suggestion to buy beef from Argentina to stabilize beef prices would be an absolute betrayal to the American cattle rancher.
We understand there are larger economic and geopolitical dynamics at play, including countering CCP influence in countries in our hemisphere. But the practice of solving problems “over there” before solving problems here on our soil is what contributed to the downfall of our country: Americans always come last.
We understand beef prices are high, and we admire your concern for all Americans, but this is not the fault of the American producer. This is the fault of politicians who have allowed BRICS-aligned entities to dominate the meat industry, that participate in price fixing and who also continually lie to their consumers.
Washington for decades has facilitated the squeezing of our own ranchers while allowing these entities to flood the market with cheaper, ...
