Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

December 15, 2022 | Biden to Destroy the Fishing Industry Next

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

The Biden Administration is now targeting fishing. They have argued all along that boats expel more CO2 than cars, Cows, or Airplanes. So it is no surprise to now target boating imposing a 10-knot speed limit. This will end the deep sea fishing period – both for sport and food supply. This is up and down the entire East Coast. Of course, Right whales, migrate and can be seen every winter off the Atlantic coast between Jacksonville and Cap Canaveral between December and March each year. They are tourist attractions with hundreds of siting every season.

This is how government works. They just impose blank bans on the entire ocean out for 150 miles. When they did Obamacare, I lost my insurance from Blue Cross because it did not include maternity leave despite the fact I was not married and at that time men could still not get pregnant unless they were in California apparently.

Such bans with a broad brush of this nature will impact the entire industry ending much of the shipping industry as well as the ports. Why ship anything now to New York, Philadelphia, or Virginia? There go the unions!

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.

December 15th, 2022

Posted In: Armstrong Economics

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site

*
*

This site uses Akismet to reduce spam. Learn how your comment data is processed.