In the Ace of Spades blog Buck Throckmorton writes,
There's a global shortage of semiconductors. It's affecting appliances, automobile manufacturing, medical devices, any business that needs a truck, and, well, practically everything that has an "On / Off" switch.
There are few products - and barely any economic transactions - that don’t involve microchips nowadays. And almost none of the chips are made in the United States. To their everlasting shame, America’s most brilliant thought leaders and corporate globalists decided that relying on foreign semiconductor production was a good idea.
In 1990, 37% of global microchip manufacturing was done in the US. That dropped to 12% by 2020, and it’s under 10% today. So where did all the production go? Mainly to Taiwan (aka “Republic of China” ) which currently manufactures 66% of all global microchips, with South Korea at 19% and Communist China at 6%. That totals 91% from just three countries whose fates are pretty much determined by the Chinese Communist Party, with over 70% from China and Taiwan alone.
Do you remember “No blood for oil?” We may soon be discussing whether to spill American blood abroad to maintain the flow of microchips.
Communist China has been saber-rattling about Taiwan for a long time. What would happen if it were to invade Taiwan now? Do we engage in a naval fight with China to protect Taiwan – and the supply of microchips? Or do we stand down and let China have Taiwan, just to keep the microchips coming?
Or, think about this - if China were to simply blockade Taiwan, global manufacturing would come to a screeching halt. And with it, so would global economic activity. So, would China risk the damage it would cause its own economy by blockading Taiwan? Maybe. Or would it only have to hold on long enough until the free world agreed to hand over Taiwan?
Read more here: http://acecomments.mu.nu/?post=394772
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