By CDMStaff
September 30, 2024
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In March, a Wharton professor who studies artificial intelligence and start-ups claimed on X, "The modern economy rests on a single road in Spruce Pine, North Carolina. The road runs to the two mines that are the sole supplier of the quartz required to make the crucibles needed to refine silicon wafers."
Ethan Mollick noted at the time, "There are no alternative sources known" if supply disruptions were seen in Spruce Pines.
Fast-forward to this past weekend across the Western North Carolina area, where a major disaster continues to unfold after tropical system Helene dumped torrential rains and unleashed devastating floods that pulverized entire towns, destroyed roads, highways, and bridges, and left tens of thousands without power...
To read more visit Zero Hedge.
