CHINA-FREE SUPPLY CHAINS
This important article was spotted and passed along by B.H., and if I'm correct, it highlights a strategy possibly beginning to emerge among "the Quad" nations and lesser associated powers:
The intention here is clear, create "China-free" supply chains for certain types of strategic material:
U.S. President Joe Biden is set to sign an executive order as early as this month to accelerate efforts to build supply chains for chips and other strategically significant products that are less reliant on China, in partnership with the likes of Taiwan, Japan and South Korea.
The document will order the development of a national supply chain strategy, and is expected to call for recommendations for supply networks that are less vulnerable to disruptions such as disasters and sanctions by unfriendly countries. Measures will focus on semiconductors, electric-vehicle batteries, rare-earth metals and medical products, according to a draft obtained by Nikkei.
The order states that "working with allies can lead to strong, resilient supply chains," suggesting that international relationships will be central to this plan. Washington is expected to pursue partnerships with Taiwan, Japan and South Korea in chip production and Asia-Pacific economies including Australia in rare earths.
The article's mention of the USA, Japan, and Australia is significant, because these three nations form three of the four of what many experts are calling "the Quad", a "bloc of understanding" that agrees that China is becoming a long term threat to their mutual interest and security, a "bloc of understanding" that includes India. Other regional powers like Taiwan, South Korea, The Philippines, Indonesia, Vietnam and so on also figure into this mix.
What's intriguing about this development is that "the Quad" is not only a reality, but that this reality has moved into the serious planning and implementation stage, which will play a major role in geopolitics in the Pacific region for years to come. What remains to be seen is whether or not the countries involved will be encouraged to develop their own national sources of computer chips and so on, or whether this will become another effort to bond them more securely to the USA. As noted by the article, Australia is another source of rare earth minerals, and will be a major player vis-a-vis Japan and India, which two countries have already linked mutual military logistical assistance deals, a factor which would seem to imply that neither country wants to become dependent on an American chip industry rather than a Chinese one. After all, America would be relied upon to introduce its own "backdoors" in chips as China. Don't believe me? Then go back and look at all those stories about the "clipper chip" from the 1980s and 1990s.
There's some bad news for someone lurking in between the lines of this story, however, and hence we come to today's high octane speculation, and that bad news concerns Mr. Globaloney, who is busy trying to build out his "great reset" and establish a global financial order: whose chips are going to be used in future expansions of financial clearing and establishing that "great reset"? Japan's? India's? The USA's? Russia's? If the goal, in other words, is to secure the supply chain, and moreover, to "secure" cyber-systems from cyber-spying and hacking via doctored chips from China, what is to prevent the same problem from occurring with other supply sources? Answer: nothing. And that in turn implies that things are melting down almost as fast, if not faster, than they are "coming together". That means inevitably they will have to develop their own supply chains as well. And given the recent problems of the Federal Reserve clearing system's problems with "operational error", you know that this question is front and center, and they're just not talking about it openly. In this respect, it's important to recall those stories from a few years ago of how Russia threatened to close down Visa and Mastercard unless their clearing centers for Russia were not physically located in that country, introduced its own financial clearing system independent of SWIFT, and how it turned - here it comes - to Japan's credit card clearing system in wide use in the Pacific. And Japan was only too happy to lend a helping hand.
They'll never admit it in their rhetoric, but Mr. Globaloney has "a problem"...
See you on the flip side...
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