JIM WILLIE: China is Trying to WRECK Our ECONOMY with PORT SHUTDOWN! [transcript]

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The western ports of LA and Long Beach Harbor have become parking lots for cargo ships stuck in a “supposed” union dispute stalemate.  The Retail Industry Leaders Association stated the ramifications on the US retail industry: 

“A complete shutdown would be catastrophic, with hundreds of thousands of jobs at risk if America’s supply chain grinds to a halt.”

“A shutdown would not only impact the hundreds of thousands of jobs working directly in America’s transportation supply chain, but the reality is the entire economy would be impacted as exports sit on docks and imports sit in the harbor waiting for manufacturers to build products and retailers to stock shelves.” 

The last time west coast port owners locked out workers, for 10 days in 2002, it was estimated to cost the country a billion dollars per day. The cost today could be twice that, according to some projections.

Jim Willie has his own theory on this situation. In an interview with Paul Sandhu on February 16, 2015:

 

“The Chinese own port facilities all over the world. What is happening with all the shutdowns at the ports in the United States is that:

The reports said that the Chinese owned ports can’t afford the cost of unloading the ships. (Laughter) Then when the longshoremen union saw a slowdown in activity, they didn’t get paid, and became upset. They are on strike for 29 ports. The trucks are lined up , not going anywhere, in about 100 acres of port facilities. The ships are floating at sea, are not entering the ports. Nothing’s happening.

The unions are blaming the port managers and vice versa. Who fired the first shot? It almost doesn’t matter. I look at the threat China made several months ago:

The Chinese control all those ports, even including Mexico and Canada, Brazil and Australia. Here’s the big upshot: 3.5% of all US dometic product, 1/30th of the entire US economy sees its flow through these ports! 

This reverberates throughout the whole economy. You are going to start seeing ….Read the rest of the story at GramsGold.com

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