Tag: Scott Bessent
The Pending Taiwan Chip Apocalypse
“The single biggest threat to the world economy, the single biggest point of single failure, is that 97 percent of the high-end chips are made in Taiwan. If that island were blockaded, that capacity were destroyed, it would be an economic apocalypse.”
— Treasury Secretary Scott Bessent, quoted by the New York Times.
Soy un Agricultor de Soja
China used to buy half our soybeans to make stuff like tofu,
But Trump’s tariffs ended that, now what’s a soybean farmer to do?
Ask millionaire Treasury Secretary Scott Bessent,
Who owns $25 million in soybean land for rent,
He told ABC News: “I’m actually a soybean farmer. So, I have felt this pain, too.”
