US, EU And Japan Challenge China Over Rare Earth Minerals At WTO

US, EU And Japan Challenge China Over Rare Earth Minerals At WTO:

'via Blog this'


Yes this is economic warfare. By China against us. They used the threat of an embargo of these minerals to bring Japan to heel over some Chinese fishing boat captain, arrested for violating Japan’s fishing regulations in Japanese waters. I think they were surprised at how easy it was to get Japan to roll over.

But rather than whining about it we should simply go back into production here in the USA. My understanding is that there are still rich deposits of these minerals right here in America, as well as in Canada, in Australia, Afghanistan, etc, etc. I’m not sure why we allowed the sale of this strategic business to China but it’s really only a question of money for us (ie. the USA) to get back in the business. Since this a strategic resource, if private business can’t do it the government should.

A little socialism might be a good thing here. I suppose the republican dominated House of Ill Repute will try to stop such a heretical idea. But this really is a strategic resource and we need to reverse the silly decision to allow China to purchase world control of it for a few bucks... who ever made that decision. Oops... that was Bush/Cheney... oh my.

Dare one call it treason?