33:31 facilities that have been burnt down in America. I have a friend of mine, his wife keeps the database of all the facilities and she updates it weekly and they're up to 137 food processing facilities that are burned down in the US as of this week. 137! The average is like 12 for an entire year or even some years where they only had two that would burn down so when we look at this disruption its all encompassing now how would they take control of this? Well Let me walk you through a little scenario here. It might sound outlandish until we come into September and it'll make perfect sense the DEF, that's the diesel exhaust fuel emission requirement that lubricant and additive you're referring to is called DEF is in super short supply so the manufacturers of these trucks...the way it works
34:26 engine won't actually work if you don't add that to it. Now these are the brand newest vehicles here, so if you go back a little bit further your trucks will still run without DEF in it but the newer models there's actually a different compartment that you fill up and uh... You know truck stop that has DEF in it that mixes and blends with this So when you feel like on a roadside stop If they're going down I-40 or I-75 whatever big highways you're gonna fill up with DEF and diesel at the same time So, you make it illegal. You say no drivers with this that or the other. You need to close down and got the back's requirements all these drivers stop and your like wait supply chain just broke down there is enormous amount of idle drivers okay there still a supply fleet out there that could mobilize again given the right conditions okay park that in like set A over their now I'm gonna bring into what about to happen in Chicago Mercantile Exchange coming up on September 16th on delivery date
35:23 They're simply, as I've been told the grain deliveries are not going to be coming as they have through the past. This is gonna create massive shortages there's a huge amount of people that want physical delivery because they know they can profit from it very quickly like within the day and they can sell it at a higher price so they wanna take their physical under their belt and get out of there with it problem is no barges in there rail traffic has been cut 20 percent So there's going to be all kinds of defaults happening across the clearing firms that are getting fined $250,000 per day per contract. Now a lot of these firms are sitting with 600 contracts on corn, 600 contracts on corn oil, 600 contracts on soybeans, 600 contracts on soy press cake, and 600 contracts on soybean oil
36:13 Any of those that they can facilitate delivery there getting fined two hundred fifty grand a day so we're focusing on corn mainly because it seems to be where the problem will be. So let's say a smaller firm got gobbled up and all the bigger firms took all their physical supply and they are at the bottom in the food chain, saying with six hundred contracts at 250 grand per day on the fines what about day 2? That is 100 million dollars a day You know, we're looking at absurd numbers coming in here. Like there's not enough money to fix the problem. There is also not enough grain this year because all the droughts and all these fertilizer shortages herbicide pesticide shortages so grains are getting real lean anyway plus we got the grand solar minimum and natural climate variability denting into yields So then what happens? Well, the markets stop They literally gonna stop for a portion of time
37:08 then that means that major food producers need to go to the silos directly to purchase and get price discovery at the grain elevator or the silo, or at the farm. Directly with the farmers and then as I've been told it's not going to be one farm bargaining with one farm Cargill is gonna get in there and get everything so if you're not at the Cargill level they're gonna swoop in and take it all And you're going to be dealing directly with Cargill, and then Cargill will deal onward with these larger food producers. So that's subset B. Now here is where it gets interesting back to the trucks again. Subset c of information that winds into a nice succinct package is once they get into the grain elevators and these buyers are there, they're gonna need to move it but currently with the rail breakdowns in the truck shortages, they can't
38:07 The diesel fuel won't be there at the volumes and the trucks just simply aren't there unless Cargill starts its own specific delivery chain using the same truck drivers that have been put out of business, that won't require the vaccine passports. That don't care if you put the DEF in your machines You're gonna have a monopoly of grain production in Cargill's centralized hands with Cargill's individual centralized delivery systems to the buyers at that point. So where does that put us? Consolidation at mega levels that are so unthinkable right now, but at the same time
38:46 If companies are not guaranteed their base product to manufacture, then there's stock valuations. You can't value a company anymore so the entire system is meant to collapse to zero so they can start the new system whatever form that takes So that's what we're looking for in September Happy New Year Man, that's quite scary. Obviously the economic stuff is a bit over my head I've heard you talking about the commodities markets and this bottleneck that's gonna happen in September. I've heard you talk about the farmers who don't fulfill their contracts they get fined, the traders as you mentioned get fine too