Is Systemic Risk Killing us?

Is Systemic Risk Killing us?

What reason is there for people everywhere to remain at home, when it is the elderly that have the potential problem?  The obvious solution is to isolate them, and ensure they have the support they require, so everyone can just go to work as usual.  But wait … there has been little emphasis on this, but … the fact that China shut everything down there might mean our supply chains will soon empty.   That might mean that what we can stockpile may be needed as an emergency supply until somehow everything can again be bootstrapped.

This is a perfect time to address the discrepancies that exist between US goals and Chinese goals. G5 networks are a good example of a socialist net that is no problem for China, although it obviously is a spy net and data collection net.  That is not how we do business here.  There is a need for vital supplies of drugs and medical equipment, parts for vehicles.  We cannot let our industry be held up, or our military waiting on Chinese shipments.  We could wait until the supply chains are empty and then decide what to do, or we could act now on essential items-  drugs, medical supplies, and essential parts for transportation vehicles, and military equipment.

If Wall St doesn’t like this, we should create a new national financial sector, and build up some companies like the Carlyle Group, to make sure we are not held hostage by all kinds of interlopers who want to interfere with the basic operation of our economy.  Obama pretended we had green shoots.  Now we need them for real.

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