"Ubique naufragium est"

Can anyone help me find the source, author, and larger context in which the above quote is found? Thanks.

It means “shipwreck is everywhere”, and you’ve left out part of the quote:

“Si recte calculum ponas, ubique naufragium est”, “if you reckon rightly, shipwreck is everywhere”.

This could be from Petronius (Satyrcion), from Milton, or from T.S. Eliot’s The Wasted Land…which one caused you to want to know?

Plugging the phrase into google, just the way you wrote it, supplied me with all of that information and more.

Err, for the record, I know that T.S. Eliot wrote the Waste Land, not the Wasted Land. I’m actually not sure if it is in the Waste Land, or in one of his other poems.