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One reader commented after watching my new member-only alert that China will happily pick up all the lost business from Japan. The ignorance of that belief is stupefying when China’s economy is already imploding, it has a major shortage of fossil fuels, it lacks the technical skill to manufacture highly-protected Japanese electronic components, which it also buys for its own industries, as energy prices put continued expansion out of reach.
Neither China or any other nation has assembly lines set up to manufacture what has been lost from Japan. All of Japan’s component industry involves some of the most highly-protected trade secrets in the world. Nobody else knows how to make what the Japanese make. And nobody can replace it. - Michael Ruppert
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I think I’m going to buy a bike, since parts for my Nissan Altima won’t be available for a while…
Or ever…
(Source: collapsenet.com)
