323 | James Rickards: How Broken Supply Chains Will Sink the Global Economy
The Realignment
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The Sunken Mediterranean Ship
David Frum: Bread has been around for 5,000 years. He says there's nothing new about supply chains but what is new was supply chain science. It arose in 1989 after Tiananmen Square massacre and fall of the Berlin Wall; it got back on track by 1992 when Deng Xiaoping opened China to world. In that time we had extended supply chains from Shang Shang to New York or Amsterdam - they're going 9,000 miles on. All this efficiency driving down costs means lower costs, which just basically means higher profits.
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