(by Jim Rickards | The Daily Reckoning) – What’s at the root of the supply chain breakdown? That’s a critical question but the answer is almost irrelevant. The supply chain is a complex dynamic system of immense scale. It is of a complexity comparable to the climate as a system. This means that exact cause and effect cannot be computed because the processing power needed exceeds the combined processing power of every computer in the world. Most people have some notion of how supply chains work, but few understand how extensive, complex and vulnerable they are. If you go to […]

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