Who OWNS the US ports? While the media and pundits blame gruesome/Newsom, they blame truckers, they blame unions, they blame warehouse shortages, it would appear that our dear friend China is once again a huge part of the debacle. In 2012, Obama helped China to buy US ports. We are now faced with a completely different realization: “A union leader said that “foreign-owned shipping companies” that own the terminals at the Port of Los Angeles have not been requesting union labor at a high enough rate for quite some time, thus slowing down the process of hauling and transporting goods off ships.”
The Biden administration has their own version of reality stating that vaccines will alleviate the clog: U.S. Deputy Secretary of the Treasury Wally Adeyemo recently stated, “the reality is that the only way we get to a place where we work through this transition is if everyone in America and everywhere around the world gets vaccinated.” Somehow a shot in the jabaronie arm will suddenly turn the entire globe into the Garden of Eden wherein angels sing and utopia will rein!
Maersk is the largest foreign owned company running the largest cargo terminal at the Port of Los Angeles. A Netherlands company whose main business partner is the CCP recently sold their container business to a CCP aligned company for $1 billion. The refrigerated business accounts for food and medicine supplies.
It would appear that Maersk is complicit in the CHINA takeover game.
A longshoreman at the Los Angeles Port stated that they can only show up to offload the containers if – they are called to do so. And they are not being called. That would derail the 24/7 concept that was also considered a wrinkle in the supply chain. A wrinkle Biden blubbered in his manifesto plea to China.
The largest port authority is West Basin Container Terminal, LLC: West Basin Container Terminal LLC (WBCT) is a joint venture between COSCO SHIPPING North America (owned by the CCP), Yang Ming Marine Transport Corporation (owned by the CCP), and Ports America, Inc (owned by Oaktree Capital which is heavily entombed in China with alternate offices in Amsterdam, Luxembourg and Ireland, ).
COSTCO Shipping, not affiliated with “Costco” is well entrenched in the US container shipping business. COSTCO Shipping is wholly owned by the CCP. They also have a heavy presence out of Long Beach. In 2019, President Trump blocked the merger of OOIL (which owns the Long Beach Container Terminal) with COSTCO. OOIL is Orient Overseas International Limited. Instead Macquarie Asset Management based out of Australia was the defacto buyer for $1.78 billion.
Other port owners include, “TransPacific Container Service Corporation” based out of Japan, Pasha Group, Exxon, Kinder Morgan, Conoco Phillips, Nustar, and Shell.
That would be ONE PORT.
The acquisition of ports has been a global gambit played out by China for a decade or more. The portfolio now spans the world with terminals in; Greece, Myanmar, Israel, Djibouti, Morocco, Spain, Italy, Belgium, Côte d’Ivoire, Egypt, Japan, India, US, Brazil, and a host of other countries.
They are hardly alone in their operations. Maerske Shipping has 76 ports in 41 countries. Switzerland and Dubai are also tall in the saddle of port authority. And while no one considered this might not be a good economic or political venture for independence and sovereign control, the means for disruption has now been revealed. And the manipulated inflation is now a global endgame.
According to Trading Economics stats, China’s pork prices are down 47% and overall food prices are down 5%. Their forecast inflation rate for the year is less than 1%.
So what gives?
Coal Prices have shot thru the roof and China’s factories are 80% dependent on this fossil fuel. In November 2020 coal futures were priced at $50.9 – as of October 5, 2021, the price had risen to $274.50 – an increase of over 400%. As a result, China shuttered factories and rationed power to the point that operations had been reduced to one day per week.
The purpose? To kill China’s economy. All in the illusion of climate change.
The largest global producers include: Indonesia, Australia, Russia, US, Columbia and South Africa. Australia was responsible for nearly 40% of all coal imports to China – that ceased in 2020 amid a tariff dispute. The shortages have caused a massive decline in manufacturing and revenues. As in ‘supply shortages’. Which likely means China’s inflation rate is in essence – A Joke! And they are in deep do-do.
It also bodes on the Climate gurus who likely profited nicely on the artificial rise just as they did on the rise of gas prices amidst the Biden handlers shuttering of fracking! Once they have had their heyday and become bored, prices will presumably adjust.
Bloomberg and others relay a coal shortage as being a China manufacture. But there is no shortage, China merely dropped Australia from their import list. Other countries are picking up the slack including the US, Russia and South Africa… That is NOT a shortage, it is a redistribution!
Meanwhile, Australia’s economy is teetering on collapse. The EU claims their coal consumption will increase this winter amidst low renewable output. And Climate Change? It will just have to wait…