PAY ATTENTION: this is next for crypto

hey everyone kevin here so i've been

looking for another crypto catalyst for

sort of an update on a crypto catalyst

and lately it's been a little bit dry to

find crypto catalyst but we're still

seeing crypto kind of run i mean it was

a soft day a couple days ago and now

we're seeing a little bit more of a run

especially in cardona which is finally

going a little bit more mainstream we're

at record highs now cardano made lots of

lots of money investing in cardano when

we sent out those buy sell alerts in the

stocks and psychology of money group

which also applies to crypto as well

linked down below 40 off jack coupon

code by the way does expire

on the 31st that's jack's birthday so

use coupon code jack's birthday but

anyway i wonder now if we have

potentially a new catalyst and it's

really the extension of inflation fears

because remember i personally at least

believe and i think about half of people

who invest in crypto believe that crypto

has at least some element of a hedge

factor for inflation and something

that's happening right now is either in

my opinion going to substantially

increase inflation fears so expectations

that inflation will go high

and

beyond market expectations of inflation

going up i believe something that's

happening right now we're about to talk

about is is also going to be potentially

devastating in the short term uh for for

actual prices like i actually think

prices could could substantially jump

for for uh anything related to almost

virtually any kind of production like 40

of the world's production that comes out

of china because of well

the shortage at the ports or the crisis

at the ports china's shutting down ports

because of coven and we're seeing

container prices go through the roof i'm

about to play a segment which actually

shows you a real invoice from a client

uh about shipping containers and also

gives us a new update on pricing last

update we had was that container prices

were on nine thousand four hundred

dollars for forty foot it's already five

x the normal pricing of fifteen hundred

two thousand but take a look at this

next segment here because i really think

this next part

the more we get this kind of fud the

more we could potentially

see krypto move up so it's a really

interesting connection let me know what

you think in the comments down below

well let's play it so uh yesterday we

talked about how the l.a times was

reporting certain container prices were

going up to twelve thousand five hundred

dollars which was really interesting

because that's insanely high for port

congestion uh

basically a reaction to port congestion

container suppliers are charging way

more money to now process containers

through uh these ports and uh what i

thought was uh after i made this video

yesterday uh a good friend

and uh who does wholesaling in china uh

his company's pouch depot so shout out

to him but anyway uh does does uh

he sent me an invoice for a container

take a look at this folks this is an

invoice for container in china and uh

this is over uh ocean freight fifteen

thousand three hundred dollars

for the container look at this port

congestion fee twice i've only put a few

hundred dollars in here but then when

you put on all this stuff trucking

charge fuel charge peer pass uh whatever

you end up with

this grand total of uh of of 24 000

to get a container uh to america now in

fairness seven thousand three hundred

dollars of this on this invoice is for

uh a duty so this is taxing right this

is the tax right here that's seven

thousand but really i mean you're

somewhere around fifteen to sixteen

thousand dollars for just getting a

container here

in in recent days now what's uh let's

actually look at the date this is uh as

of here we go invoice date august 19th

august 19th uh invoice

fifteen thousand three hundred dollars

plus some of these port congestion fees

just for a container that used to cost

somewhere around

fifteen hundred two to three thousand

dollars now take a look at this though

this is fifteen thousand three hundred

to about 16 000

after i got this cnbc ran an article

right here

take a look at this

container shipping rates

between us and china exceeding

20 000

hitting a record now why does this

matter it matters because of an impact

obviously to any company that's

importing a lot of goods from china

which 40 of goods are imported from

china

around world 40 of products created

essentially in china and then exported

uh and a substantial amount of chips

supply components uh for for other

things that also use chips

i mean this it's bad paying 20 000 for a

container is bad there's there's no way

prices can't go up because otherwise

companies just start losing money at

these these rates but take a look at

this container shipping rates from china

to the us have scaled fresh highs

now to or above twenty thousand dollars

per forty foot box

the acceleration in delta and several

count uh countries has a slowed global

container turnaround

uh oh that is actually counties in china

there we go container shipping rates

from china to the us have seen uh you

know peak over uh 20k acceleration kovid

uh typhoons off china's busy southern

coast in late july and

this week have also contributed to the

crisis

gripping the world's most important

method for moving everything from gym

equipment to furniture and car parts

electronics these factors have turned

global shipping containers into highly

disputed undersupplied sellers market in

which shipping companies can charge 4 to

10 times the normal

rates to essentially move cargo

spot price for a container

climbed over 500 percent

from a year ago to 20

804 dollars this week

freight tracking firm freighto says this

compares to just under eleven thousand

dollars on july 27th so about three

weeks ago you're at eleven thousand

dollars for a container now you're

twenty thousand eight hundred i mean

this is uh this is pretty insane

not good not good for um

for for the chip shortage or supply

shortages and the issue is

we're really almost not seeing it let up

it just continues to get

worse the see as i say here the rate

surge is the latest reflection of

disruptions since covid19 slammed the

brakes on the economy in early 2020

every time you think it's come to an

equilibrium something happens that

allows shipping lines to increase the

price

more excuses for inflation right

there are new orders for shipping

capacity equal to almost 20 percent of

existing capacity but they will only

come online in 2023 so we will not see

any serious increase in supply for two

years

yikes

that's intense uh hey look that's me

uh but uh but anyway that's crazy

uh

you know the bump in 2023 and that's in

2023 that doesn't mean like by 2023 or

you know by 2023 would be like yeah by

january 2023. in 2023's like cool we do

a few more containers in january and

then hopefully by december of 2023 we've

got more containers that's crazy

that is incredible

so yikes that's all i want to say yikes

about containers and inflation woes this

is going to hurt

more longer

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