The US has sent all of its production technology to China over the past 60-70 years. That was the first stage of this very long plan to RESET the global socio-economic system. This is a ‘done deal’ now. There is no going back. The US was happy to become a ‘service sector’ based economy. No one stopped to look at this development and realize the consequences. Now, they are trying to tell us we are becoming an ‘information’ based economy. When you are totally unproductive, exactly what are you going to do with this ‘information’? An ‘information’ based bankrupt non-productive economy cannot support a large population of citizens who live totally in ‘Lala Land’, without a thought given to extreme waste and overconsumption. Just being the world’s bully is not going to be enough. Whether productive nations are going to continue to provide us with manufactured goods in exchange for out totally worthless currency is unlikely. Having a job as the world’s policeman isn’t going to keep this boat afloat any longer. China is the new world’s policeman.
It isn’t a simple case of semiconductor shortages that correctly describes the problem. We do not need a steady flow of computer chips, our society, as it is formulated today, is not the manufacturing level that uses the semiconductors. They are raw materials used by other productive economies, to manufacture the products that we like to buy with our worthless money. We need to be able to obtain the finished products that we use. This may be coming to a screeching halt as we continue to abase our already worthless currency.
The global chip shortage has been a very painful reminder of how exceedingly dependent we have become on technology, and it has also shown us how unwise it was to outsource production of most of our goods to Asia.
Back in 1990, the United States produced 37 percent of all computer chips in the world.
Today, that number has fallen to just 12 percent. The numbers just continue to deteriorate steadily and rapidly.
Business leaders are now pledging to start ramping up production here in the U.S., but that will never happen again.
Intel’s CEO is openly admitting that the current shortage of chips could take “several years” to be resolved…
Intel Corp’s (INTC.O) CEO said on Monday it could take several years for a global shortage of semiconductors to be resolved, a problem that has shuttered some auto production lines and is also being felt in other areas, including consumer electronics.
Sadly, there are many other industries where our outsourcing makes us extremely vulnerable.
Did you know that 60 percent of all apple juice that is sold in the US now comes from China?
Taken together, these laws explain why the apple orchards near my hometown disappeared. Nearly 60 percent of the apple juice sold in the United States comes from China, even though most of America has a climate conducive to apple production. The problem is so bad that salmon caught in the United States is shipped to China for processing and then shipped back to the United States for consumption.
There is no reason why we can’t grow our own apples. In fact, weather conditions are ideal for apple growing in much of the nation. What is the reason we can’t clean our own fish?.
And how hard can it be to gather apples and squeeze the juice out of them? We should be able to do that here.
But during the “good times”, big corporations discovered that they could make a little bit more profit by outsourcing to China, and so that is what they did.
Over the decades, big corporations have come to dominate food production in America, and this has pushed small family farmers to the brink of extinction…
We would need to purge all the fake GMO and processed ingredients from the raw material supply. Eating foods that your body does not have enzymes to digest is an exercise in bad nutrition and bad health. We need to get free of the fake allopathic medicine system altogether. It is just one aspect of the whole system of making people live with chronic illness and societies going bankrupt paying for fake health care to the tune of 30-35% of GDP, when it should be very close to zero.
The design of this framework benefits only the largest corporate farms who have the resources to produce these commodities at scale. For family farmers, the impact has been devastating. The share of each dollar spent on food that winds up in the hands of farmers has fallen from 53 cents in 1946 to 14 cents today, the lowest level ever recorded. Diversified family farms raising a variety of crops and livestock have been replaced by large industrial operations exclusively growing fake unnatural commodities like GMO corn and soy.
This grimness has caused countless family farms to throw in the towel. Since 1980, America has lost 50 percent of its cattle farms, 80 percent of its dairies, and 90 percent of its hog farms. As Benson and Butz threatened, farmers were forced to choose between getting big or getting out. The average size of a farm nearly doubled from 650 acres in 1987 to 1,201 acres in 2012.
As long as relations with China are good, we may be able to get the apple juice, salmon and other food products that we need from them. But it should be crystal clear to everyone that relations with China are not good. China is taking over the position in the global control structure that once belonged to the US.
However, as relations with China get really sour, all of a sudden there will be a whole bunch of basic things that will be in short supply and that we will lack the means to provide for ourselves. No more tossing iphones just to get a new game or gadget.
Speaking of China, there is a very serious shortage of shipping containers right now. And one factor that is making it worse is that we buy far more from China than they buy from us. This is partly due to China being a producer and the US being only a consumer. Empty shipping containers are stacking up on our side of the Pacific Ocean because there is not enough commercial traffic going back the other way. The other major problem, of course, is China and Russia are dumping all of their reserves denominated in dollars. Meanwhile, Americans are sitting in front of their TVs looking for their next ‘stimulus check’.
Sometimes empty shipping containers are shipped back to foreign ports without anything in them, but this is exceedingly wasteful…and unsustainable.
Using export data from U.S. Customs and Border Protection compiled by trader intelligence data firm Import Genius, Earther analyzed thousands of U.S. export records marked “empty container” shipped by Thor Joergensen A/S, a supplier based in Denmark whose largest customer is Maersk Logistics.
We found that in 2020, 668,086 empty containers were shipped to foreign ports around the world, 12 times more than in 2019. At the height of this empty container frenzy, in November 2020, 87,000 ghost containers were exported, 87 times more than at the same time in 2019.
Another shortage that is weighing heavily on the U.S. economy is the worker shortage. Even though employment is still way, way below pre-pandemic levels, millions of Americans have decided that they simply do not want to go back to work because of the generous government benefits that they are now bringing in. No thought is being given to how this is triggering the final death of the dollar as a viable currency. People seem to forget that sitting in front of the TV and waiting for ‘stimulus’ checks is in no way sustainable. This is why The UN is implementing Agenda 21, Sustainable Development, which includes a reduction of the populations of the US and its empire states by 70% or more.
“The worker shortage is real — and it’s getting worse by the day,” US Chamber of Commerce President and CEO Suzanne Clark said.
Most big corporations think they can easily pay more to bring in new workers, so long as the FED is artificially inflating the stock market. Another unsustainable action. But many small businesses that are barely scraping by cannot afford to shell out higher wages. Along with other factors such as widespread shortages and higher commodity prices, this is creating a “perfect storm” that threatens to force many more small businesses to shut their doors. In fact, one recent survey found that 35 percent of all small businesses in America are “at risk of closing permanently by the end of the summer“…
As small businesses complain that it has never been harder for them to hire workers, according to a recent NFIB survey, many are facing growing pressure to fold tent. As the American economy continues to reopen, some fear it might not happen soon enough to save thousands of small businesses. Data from Alignable’s June Revenue Poll shows that 35% of all small business owners are still at risk of closing permanently by the end of the summer.
Among the 3,772 small business owners in the 10 days ended June 1, Alignable’s June Revenue Poll showed a myriad of factors – including the remaining closures and restrictions, growing inflationary pressures on costs, rising gas and transportation prices and labor shortages – are creating problems that affect small businesses more intensely than big stock market corporations.
The U.S. economy has proven to be quite resilient by means of extreme money printing, but the extreme imbalances that we are witnessing now threaten to cause immense damage in the months ahead, and they won’t be solved any time soon. Most likely never. In fact, I believe that our economic challenges will soon escalate dramatically.
It has been said that life is like a coin. You can spend it any way that you want, but you can only spend it once. Be sure to spend your life on something that really matters