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New Arctic discovery could deal massive blow to Chinese dominance of rare earth minerals
Alaska's GraphiteOne project near Nome discovers massive rare earth mineral reserves, potentially breaking China's 90% market dominance in critical materials.www.foxnews.com
This is very good news!
Both economic systems have their pros and cons but share the important facets. Toffs at the top Plebs at the bottom and Grifters in between.
Rare earth metals are not that rare but the isolation of them is difficult. It causes a lot of pollution. China was willing to take that on, as perhaps the most polluted and polluting country on the planet. Maybe we can do it better, now that prices are high, but maybe not.
It is clear that we are richer and freer living in the West. The stories of Communist persecution of Christians are growing more and more seriously daily. But poor strategic planning and its vulnerability to spies are major weaknesses despite the billions spent on intelligence agencies.
We weren't blind to the National security issue with China and their rare earths. We knew about this since 2010, on their first embargo. The media has done a good job distracting us from the real issues facing both left and right Americans. Our politicians didn't have the political will to make themselves look bad for the good of the country in 2010, and China is playing the same shenanigans today.
Political will to do what's right. I think climate change had something to do with Obama not taking action.
