Posted on 12/12/2021 4:16:27 PM PST by patriot torch
This is the port of Long Beach California. It is the second largest Port in North America, Ahead of the 3rd largest Port of New York, and Behind the largest Port which is the port of los angeles. Roughly 16 million Tons of Cargo pass through this port each year and makes its way to warehouses, factories, and homes, within the United States. This single port which is just 13 square kilometres, is responsible for well over $100 Billion dollars worth of trade and employs over 340 000 people in southern california.
So, it is quite apparent that this port is one of the most vital parts of southern california’s economy. Yet..it is not owned by The town of long beach...California...or even the united states.
You see, in late 1980’s, The port of long beach was sold to a company called Orient Overseas International Limited, which was a company that was based out of hong kong. And at the time, Hong Kong was a British colony and a close economic partner with the United States, so the United States viewed this sale as a win-win,
And for roughly 3 decades, this was a fairly positive relationship between long beach, and the Hong Kong based company.
But then...in 2017 something happened that put an end to this positive relationship. In July of 2017, The Chinese State Run Company, Cosco, ended up purchasing a 75 percent stake the the Orient Overseas International Limited, and became the new owner of the Hong Kong based company, and therefore the owner of the Port of Long Beach.
Now, even though this probably didn’t make the news because shipping is not exactly the most interesting topic to bring up in the mainstream news...it was important enough for the Federal Government to take action.
Cont.....
(Excerpt) Read more at m.youtube.com ...
If China starts a War they’ll lose it all
Good luck to China to keep the ports, once they get nationalized.
They own the media.
If they toss the unions overboard, then it’s an improvement. If not, then we might have something to worry about.
At least they don’t control the Paname Canal.
Oh wait....
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How the hell else is China going to smuggle in their nukes if they don’t have the ports?
How many ports did Saudis buy up under Bush?
I remember that as well.
I watched a video on the Port of Charleston
The state Port Authority has full control over everything. Every worker there is paid through that entity
They compared that to CA ports, where several different companies and interests (unions) are competing in the same Port, raising costs and hindering efficiency
It was quite an interesting video that shed light on the current problems
> Good luck to China to keep the ports, once they get nationalized. <
I say seize the ports to help pay for Wuhan Flu damages. I’m serious about that. But I also know it will never happen.
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Yangshan Port outside Shanghai is the largest in the world
100% automated. From the quay crane operators to the dock trucks. All run from keyboards nearby
China doesn’t need to start a war. Plenty of Quislings will sell rope that they will use to hang us all.
Yeah, but they are not movable assets.
this is like 20 years old news. Hutchinson Whampoa is chicom.
“Good luck to China keeping the ports once they are nationalized”
China will bring in their military and make a armed base and protect their interest
They will have no problem wiping out the natives military
JimmyCarter enabled the takeover of the Panama Canal.
JimmyCarter enabled the takeover of the Panama Canal.
Sorry for the studder.
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