Largest iPhone Factory Hires 100K Employees after Lockdown Scare

Armstrong Economics Blog/China Re-Posted Nov 21, 2022 by Martin Armstrong

Apple iPhone 14 production slowdown from the Foxconn manufacturing plant in China continues. A high percentage of workers fled the world’s largest iPhone factory as soon as the lockdown went into effect. Reports state that the site, only weeks ago, that Foxconn looked like an abandoned center piled high with workers’ belongings as the government simply tossed all dissenters’ possessions out of windows to be discarded. That is how quickly people had to flee. Foxconn had to recruit 100,000 new employees after the incident.

The Chinese recall horror stories from past lockdowns, only a few months ago, where food and aid were not available, and the government could not properly ration essentials.

China’s business confidence survey from October showed that 55% of companies lost confidence in doing business in China in the short term. The Zero COVID policy is scaring business from China. Yet, China’s refusal to forego COVID restrictions points to a bigger problem. The banks are in the midst of a liquidity crisis, printing money is not an option, and lockdowns are an effective way to control the population’s movement.

China’s COVID frustrations spark unrest

Reuters Published originally on Rumble on November 15, 2022 

Videos obtained by Reuters showed crowds topple police barricades in street to protest against covid curbs in Guangzhou, China. Among all the latest outbreaks in China, Guangzhou has the biggest caseload, with new daily infections of COVID-19 topping 5,000 for the first time and fuelling speculation that localised lockdowns could widen.

Millions of Chinese on Lockdown

Armstrong Economics Blog/China Re-Posted Sep 7, 2022 by Martin Armstrong

At least 65 people are dead after a 6.8 magnitude earthquake rocked the province of Sichuan. This comes as 21 million people in Chengdu are confined to their homes as China has placed yet another city on a strict lockdown to adhere to its zero COVID policy. In fact, 65 million people in 33 cities are on some level of lockdown in China.

The government places more concern on COVID than an actual natural disaster. Lockdowns create a domino effect. People began panic buying supplies after seeing the starvation and extreme rationing that occurred during the last lockdown when the government was unable to adequately provide supplies to those they confined. Businesses will suffer immensely. Children in at least 10 provinces will be unable to attend school until everyone tests negative for the virus.

Drones are flying around Chengdu, reminding the people to stay inside and obey. This is an example of what could happen when government has complete power over the people. It can also affect the global economy, as we saw when Shenzhen entered a lockdown, closed the ports, and prolonged the supply chain crisis. Government’s abuse of power is yet another reason why it is hard for the central banks to forecast economic recovery. According to our computers, the recovery will be a slow

Millions locked-down in Shenzen over COVID fears

Reuters Published originally on Rumble on September 3, 2022

The Chinese tech hub of Shenzhen on Saturday (September 3) shut parts of city and public transport, as cities across China battled COVID-19 outbreaks that have dampened the outlook for economic recovery.

Chinese Protestors Escape Facial Recognition with Lasers

Armstrong Economics Blog/China Re-Posted Aug 25, 2022 by Martin Armstrong

Welcome to the new world. Protestors in China have cleverly found a way to avoid police facial recognition software by pointing an array of lasers at the police. China has perhaps the most extensive facial recognition of any country. SenseNets, a facial recognitional company in Shenzhen, experienced an internal leak in early 2019. The database contained detailed information on over 2.5 million people, including their addresses, IDs, birthdays, and their movement around the country. Over 6.8 million locations were revealed during the leak, leaving everyone in the software completely exposed to hackers who could determine their exact location.

The government is not merely tracking the movement of criminals as everyone will eventually become part of a facial recognition database. China took measures a step further in 2020 by issuing each individual a social credit score that rates how well an individual adheres to the government. We are not free when the government can restrict our movements and assign us a score based on their personal criteria. Facial recognition software is extremely dangerous. Hackers made little effort to access SenseNets files, and in the wrong hands, anyone could be hunted down.

Although they’re less upfront about their plans, other countries plan to follow suit. Canada is rolling out its Digital Identification program, and the World Economic Forum has been advocating for advanced tracking measures. Expect additional tracking software to become commonplace throughout the modern world.

Wealthy Flee Shanghai

Armstrong Economics Blog/China Re-Posted Apr 22, 2022 by Martin Armstrong

The lockdown in Shanghai has caused immeasurable damage to the people and battered an already stunted global supply chain. The wealthy are now fleeing the city, as numerous agencies have reported a large uptick in immigration requests. The Financial Times reported a 7-fold increase in the search term “immigration” among residents.

The media has downplayed this story as they do not want the people to remember governments’ capabilities. As with the fall of many great cities, the wealthy are the first to leave. Shanghai may be one of the richest cities in China, but it is not immune to government tyranny.

Only 25 deaths in Shanghai were attributed to the coronavirus, but over 25 million people directly suffered from this lockdown. The lockdown was not about safety. Warehouses are beginning to open, but the world’s largest port ceased operations. Again, no world leaders commented heavily on these major issues.

Pets of the “infected” were eliminated by the government. There were reports of people jumping from high rises and others begging the police to take them to jail with the hope of having a meal. No world leaders have commented on these human rights abuses as they were done in the name of COVID.

The World’s Busiest Shipping Port is Closed

Armstrong Economics Blog/China Re-Posted Apr 13, 2022 by Martin Armstrong

Shanghai went under a full lockdown at the end of March under China’s zero-COVID tolerance policy. When cases allegedly rose, China extended the lockdown indefinitely. Shanghai hosts the busiest container port in the world, and its inability to operate is contributing to the supply chain crisis in a profound way. A member of the EU Chamber of Commerce’s Shanghai Chapter estimated that volume was down by 40% during the first week that the ports were prohibited from operating. There is no set date for when the port will resume operation.

It is estimated that the lockdown currently imposed has imprisoned an alarming 25 million Chinese citizens in their homes, but the implications of shutting down the world’s largest shipping port amidst a supply crisis will send aftershocks throughout the global economy. To understand how crucial Shanghai’s port is to the global flow of goods, the Port of Shanghai hosts over quadruple the volume of the Port of Los Angeles (one of America’s largest shipping ports).

Those in the industry warned that this would cause problems. One of the largest international container companies, Maersk, said that Shanghai’s shutdown would cause a 30% rise in trucking costs alone.

Some businesses are operating the “closed loop” system where employees are basically unable to leave their place of work. Still, the port cannot operate with the current restrictions as there are simply not enough available workers. This is completely unsustainable. China is throwing gas on the rapidly burning supply chain and inflation crises with their current policies that will be felt across the world.

People Are Starving Under Shanghai’s Lockdown

Armstrong Economics Blog/China Re-Posted Apr 12, 2022 by Martin Armstrong

People are starving in Shanghai. The screams heard in the disturbing video above are due to more than mere frustration. China placed millions under a strict lockdown that was initially supposed to last for five days. As cases allegedly spread, China extended the lockdown indefinitely under their zero-COVID tolerance policy.

Those who prepared for a five-day lockdown are now rationing what food and water they have left. The tap water is not necessarily safe for consumption, and people have begun to boil water if they have the means to do so. According to my sources, people living within communities rally together to buy bulk food orders when possible for a premium. China is offering a closed-loop system for some workers, who must live at their job site for the remainder of the lockdown. Therefore, workers are in short supply, and demand is extremely high. Hungry citizens typically log on to food delivery apps early in the morning and usually only have a few minutes to place their bulk orders. The food they receive is carefully rationed as the next meal is not guaranteed.

The barter system always emerges in times of disaster. People are trading with one another where possible, although they are forbidden from actually leaving their residences. No one is permitted to visit relatives or check on the elderly or disabled. Worse, people are unable to access medical care or prescription drugs. The government continues to provide rationed food, but its rollout has been so ineffective that most simply do not have access to food.

China will allow its people to die from dehydration and starvation to protect them from a virus with a negligible death rate. This is how revolutions begin.

Tucker Carlson Recaps the Ongoing Horrors in Shanghai, China

Posted originally on the conservative tree house on April 11, 2022 | Sundance 

During his opening segment tonight, Fox News host Tucker Carlson gave a summary explanation of the horrors in Shanghai, China.  The city of 25 million residents has been locked down by the Chinese Communist Party as an outcome of their zero COVID policy. {Direct Rumble Link}

Desperate people are running out of food and have been locked in their homes from the outside by regional authorities.  The pets, including cats and dogs of residents who tested positive to the COVID-19 virus, have been confiscated and killed by the government.  The scenes and sounds from the area are very troubling as thousands of people scream into the night begging for help and mercy. WATCH:

A few more aspects to this outlined below.