Who saw Hurricane Helene triggering the global 'electronic chip' supply chain collapse?
"In March, a Wharton professor who studies artificial intelligence and start-ups claimed on X, "The modern economy rests on a single road in Spruce Pine, North Carolina. The road runs to the two mines that are the sole supplier of the quartz required to make the crucibles needed to refine silicon wafers."
"Ethan Mollick noted at the time, "There are no alternative sources known" if supply disruptions were seen in Spruce Pines."
Modern Economy Rests On Single Road" In North Carolina Where Hurricane Collapsed Bridges
"North Carolina's Spruce Pine, devastated by Hurricane Helene, is the world's main source of high-purity quartz needed for semiconductors, the production of which could be disrupted."
Wow! Just wow! As we teeter on the brink of collapse, additional means appear by which we can be pushed over the edge. Of course, it’s worse than we know.
Guy dives into the Ponzi scheme that is the US economy and the irrefutable reality that it can never repay its $7.6 trillion-dollar, warmongering driven debt. It can only be a matter of time before Russia and China weaponize the US debt against the US war machine, why not?
I've added this analysis to my blog post titled: "Financial system supply-chain cross contagion – a study in global systemic collapse", that includes a previous collaboration between us both.
We are frequently told that debt is money. If that’s the case, then everyone in the U.S. is wealthy. Oddly, many people in this country cannot afford housing or food. Apparently, we need more debt!
Who saw Hurricane Helene triggering the global 'electronic chip' supply chain collapse?
"In March, a Wharton professor who studies artificial intelligence and start-ups claimed on X, "The modern economy rests on a single road in Spruce Pine, North Carolina. The road runs to the two mines that are the sole supplier of the quartz required to make the crucibles needed to refine silicon wafers."
"Ethan Mollick noted at the time, "There are no alternative sources known" if supply disruptions were seen in Spruce Pines."
Modern Economy Rests On Single Road" In North Carolina Where Hurricane Collapsed Bridges
https://www.zerohedge.com/commodities/modern-economy-rests-single-road-north-carolina-where-hurricane-collapsed-bridges?
"Hurricane Helene barreled through a crucial chip mining area in North Carolina"
"The small mining town of Spruce Pine contains the world’s purest quartz — a critical ingredient in the chipmaking process."
https://www.theverge.com/2024/9/30/24258333/hurricane-helene-quartz-chip-mining-north-carolina-spruce-pine?
"North Carolina's Spruce Pine, devastated by Hurricane Helene, is the world's main source of high-purity quartz needed for semiconductors, the production of which could be disrupted."
https://www.interest.co.nz/technology/129982/north-carolinas-spruce-pine-devastated-hurricane-helene-worlds-main-source-high?fbclid=IwY2xjawFoKJVleHRuA2FlbQIxMAABHZh_wVf6bw_EAqmE-PmIFLbxo_S4OGenwTg0JvkQgufD-EroovJ_WLQEpg_aem_B_0KJvcKMzCyDfYRBPtqfw
One final addition to this collapse thread is droughts in Russia are devastating crops!
Never saw that coming said non one!
https://www.reuters.com/world/russian-drought-threatens-2025-grain-crops-2024-09-27/?fbclid=IwY2xjawFoF4FleHRuA2FlbQIxMQABHRGBE8Vu-4JZje-IgXNhQsw01BY1c_WgzhHehxxuW-BFRGXQyOrk09SArw_aem_TdtcpuIQek0Lwx_fFRkwOw
Wow! Just wow! As we teeter on the brink of collapse, additional means appear by which we can be pushed over the edge. Of course, it’s worse than we know.
Guy dives into the Ponzi scheme that is the US economy and the irrefutable reality that it can never repay its $7.6 trillion-dollar, warmongering driven debt. It can only be a matter of time before Russia and China weaponize the US debt against the US war machine, why not?
I've added this analysis to my blog post titled: "Financial system supply-chain cross contagion – a study in global systemic collapse", that includes a previous collaboration between us both.
https://kevinhester.live/2023/03/14/financial-system-supply-chain-cross-contagion-a-study-in-global-systemic-collapse/comment-page-3/#comment-20811
It has been brought to my attention that overall debt is a wee bit more than Mr Dimon let on!
Fancy that!
"The nation’s debt now stands at nearly $34.4 trillion, as of Wednesday.
Since June, the last two $1 trillion jumps occurred in about 100 days."
Our predicament is always worse than we thought yesterday!
https://www.cnbc.com/2024/03/01/the-us-national-debt-is-rising-by-1-trillion-about-every-100-days.html
We are frequently told that debt is money. If that’s the case, then everyone in the U.S. is wealthy. Oddly, many people in this country cannot afford housing or food. Apparently, we need more debt!
This is another avenue for the undermining of US dollar hegemony:
https://watcher.guru/news/brics-to-use-gold-to-challenge-us-dollar?fbclid=IwAR3uKyx7Oq5BJLtxfXS7HWIqK4Li7jPePUo8Mxebb-ovP11bGixWGBESG4U_aem_AZvpWWFevEyIsP-OTXr79G_dJ4cZntPVZhxW37Iu9iH7lFRHXLIbJa0qouzQacIEqcyZhjRC_Vtw7AdUUzp6bZTC#google_vignette
If you and I participate in a Ponzi scheme, we go to prison. If the federal government does so, it’s called business as usual!
Thank you for the informed comment, Kevin. Thanks, too, for restacking my post.