Pork Rationing in China, Food Sizes Diminishing

This video was originally published 26/8/2019

Yanasa Ama Ranch, a YouTube channel, released an excellent video regarding USDA buttering the corn. This video includes incredible analysis, which for me, is one of the best I have seen across YouTube about corn crop failures @ 431,000 this year, versus 64,000 last year. Yet the USDA continues to release fictitious numbers that corn is only going to decrease 2% in 2019. So, as you can see, that agency values the narrative of market stability more than the monetary equivalent of food or truth.

Meanwhile, in Mainland China, ID card is a “meal ticket”. This means that the ID card limits you to 2 kilograms, per person, if you are going to get subsidy to buy pork in the country.

They are rolling this out in Fujian Province to try to ensure market price stability, as the Mid-Autumn festival is coming up. There is extreme competition, right now to get pork for the upcoming holiday. Pork is a part of Chinese culture, not just food, because this meat plays a great part in the celebration. Everybody wants this particular commodity; this is why on the 22nd Weibo has been updating the meal price adjustment notices from the Shanghai Aisen Meat Food Company. Weibo, by the way, is the equivalent social media in the west.

Anyway, day-to-day price rises can be observed from 42 Yuan to 49 Yuan, the very next day. This is equivalent to 16% jump in a single day. Now with the currency devaluation going on and current exchange rate @ 7.13 Yuan for a dollar, some of the prices are around $7 USD for tenderloin, and other different cuts are up 25%. More importantly, this current event during the Mid-Autumn festival is one thing, then there is a scurry for pork to be served at the dinner table, but what about Chinese New Year 2020?

There is already some pork in the pipeline, but what traders are going to do is increase the price. Wholesalers are already anticipating China to import 28 % more this year, so next year in 2020, there will surely be scarcity of supplies. This is where they have to confront cultural issues, how are they going to be able to supply everybody who wants pork?

The chart shown below is in Chinese, and it might be a little confusing, but let me walk you through it. This is in Zhangzhou City and Fujian Province. The one in Chinese shows the different cuts of pork, while the right side are the prices, and since there is 7.13 Yuan for a dollar, you need to divide those prices by 7.13 to get the per-kilogram price for the different cuts of pork in dollars. We have pork chops, tenderloins, pig feet, the innards, etc., with prices that were 4 times less a few months back. How will that interfere with the greater spending economy inside China? Also, what will the trickle-down effect in the economy be when people are going to be pulling money that they would spend on movies, electronics, etc. to spend on food that has dramatically increased in price?

Distant early warning, this will be experienced globally, it will not only be localized in China. So, I guess, welcome to rationing ID cards to buy food. The funny thing is, this has already started in China, yet the rest of world still continues to convince its people that there is enough food, and that this is due to global warming not changes in our Sun on a 400 year cycle.

This is the problem that nobody wants to talk about. Even the USDA is in my opinion purposely not updating their information fast enough. For example, this feature says, typically 1 serving of fish is 8 ounces according to a Health State Department, but then the FDA reduced it down to 4 ounces of fish. Now, can you see where the disconnect is? The government is already jumping ahead to declare that 4 ounces, but the states are not catching up fast enough to update their websites.

On the other hand, I think China is faster, they are now voraciously buying anything for feed meal that they can, because they are aware that during a trade war, supply routes are going to go down. I am surprised why some people do not understand the just-in-time delivery system is so fragile, but China does. They are now trying to bring as much as they can in their country, the fastest way possible. But what about you, what happens if your supply chain goes down? Are you ready for this type of disruption? This can happen, and the government is covering it up.

Look at Argentina, for instance, they are supposed to have record corn production, including all of Brazil according to the USDA, but they had to trim or cut back to 3.3%, because the rosy figures did not come to fruition. But the USDA still has the gall to say that those are just forecasts, so there is nothing to worry about. Then a few days back, during a crop tour in Illinois, it showed that corn yields are down 11% and soya beans are down 25%. Yet the USDA again lied to your face and said that a decrease is just a mere 2% and that there is an increase of 2% in the US grain production.

Then suddenly, Goldsmiths, University of London, France is taking over and are barring meat to try to stop climate change. This is not just a token maneuver; they are just trying to maintain the narrative. There will be less food in the future, and if you have not figured that out by now, look around the media. Everything is about less food, reduced calories, and supply chain stoppages. This is why they want to ban milk too.

Do you think she was so nice? She wanted to put a 12-cent tax on water bottles and straws? Tax is one thing; action to mitigate pollution is quite another.

Bill Porter and I explained more of this in our new book, Climate Revolution the Grand Solar Minimum. Supply chains are guaranteed to break down when our economy contracts, and it will be far greater than it did in 2008 and 2009. How are you going to continue to bring in your daily food?

Thanks for reading, I hope you got something out of the article. If you would like more content like this, I produce the tri-weekly Mini Ice Age Conversations podcast, 30 minutes of in-depth analysis on the GSM you can take on the go throughout your day.

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