Economists sounded the alarm last week that the U.S. could soon be facing “the mother of all” supply chain shocks, and there’s no reason at all the think President Joe Biden or his administration is ready.
The warnings came from economists with the major British financial holdings company HSBC, according to Bloomberg News, who said the rapid spread of the omicron strain of the coronavirus across Asia — but particularly in China — will lead to production disruptions in China that add up to a devastating blow to the already struggling U.S. economy.
Bloomberg reports that as China pursues its aggressive “Covid-zero” strategy, “scattered infections” of COVID-19 have forced shutdowns of “clothing factories and gas deliveries around one of China’s biggest seaports in Ningbo, disruptions at computer chip manufacturers in the locked-down city of Xi’an, and a second city-wide lockdown in Henan province Tuesday.”
Henan is in the central part of China well away from the coast. However, it is among the country’s centers of electronics production, according to Bloomberg.
Coastal Guangdong Province, another electronics powerhouse, has also had an outbreak of COVID-19, according to Bloomberg.
We gave up our manufacturing independence under Clinton and Obama…the gave up our energy independence under this foron!
Maybe someone will start making stuff here and be able to profit from in when the Chinese spring this on us….
Biden is China’s Puppet as does as he is Told by China !!!
China is using our Dirty Politicians to take over America !!!! Using Covid as their tool !!!! FACT
So many decades of imports and minimal exports was eventually going to catch up!
1/5th into the 21st Century and we have yet to move out of the 20th century mindset!!!!
Pause on GREEN is needed or there won’t be anyone left to pay for it!!!!
Invent a Mr fusion 12:09 problem solved..how do we become free of aconsumer power based reality..they have us by the nads with gas, electric costs. It’s all a scam what we need are perpetual energy models that are truly free sources. Wind, solar do not meet the demands.
SSSHHHHhhhhhhhhhhhhhhhhhhhh! Joey is napping. He can’t be bothered with that nonsense.