On Friday Steve Cortes joined Steve Bannon on The War Room to discuss Russia’s invasion of Ukraine and Communist China’s threat on Taiwan.
Cortes revealed what investors fear is China’s move on Taiwan.
Steve Cortes: Because of this emerging axis of Beijing and Moscow, they are increasingly emboldened in the Chinese Communist Party that they can finally make a move on Taiwan. That they have a weak leader in the White House. That they have a West that is unwilling to even take serious action against Moscow right now and therefore that this may be their window. It may well be ripe for the taking to attack Taiwan. Now let’s take a look at some of the market aspects here. Taiwan semiconductor which is one of the biggest companies in the world, $500 billion market capitol, 50,000 employees. It is absolutely the epicenter of chip production, not just for the United States but for the entire world. Look at the chart for Taiwan semiconductors… It is already, as of yesterday, officially in a bear market. Meaning it has declined over 20% from a high that was reached just five weeks ago. It was at $145. It’s at $110 right now as we speak. 104 yesterday at the lows of the day. I believe the Taiwan semiconductor is a lead indicator telling us that that the risks for Taiwan are rising dramatically. And it Taiwan becomes a fighting situation, if it becomes hot it will make the Ukraine situation look tame by comparison.
Via The War Room.