For roughly the last 10 years, warnings have surfaced intermittently about China’s growing hoard of rare minerals. Now, chickens have come home to roost. Recently China announced it was drafting a proposed ban on these rare minerals. This sent shock waves throughout the globe. The minerals are critical to the production of high performance electric motors for wind turbines, hybrid cars and missles. Additionally, they stated that the minerals would be available for the production of the aforementioned products IF the products were purchased directly from China.
The immediate response was for several nations to draft regulations on the sale of mineral companies to China in which they have previously held more than a 50 percent share, to obtain loans for exploration of new sources or to reopen old mines and to take the matter before the World Trade Organization. These actions have at least temporarily forced China to shelve its plans.
In the wake of this, China had pleaded that these minerals were needed for its own manufacturing. If this were true, why then would they be able to suddenly have them available to foreign countries that would have submitted to their outlandish requirements?
China is throwing its economic weight around much of which has been focused on the US. Their concern for the Fed printing money and their continued investments in the US have seen them emerge as a concern. Their ability to influence Fed policy is unknown but his administration is encouraging their investments in our bonds.
While China has been building its portfolio of countries where its primary interest is minerals, it has been building its reserves of oil on the African continent. This interest in commodities is new. in the 1960’s China was in Africa for diplomatic and strategic reasons to enhance their power. Unlike the west, China enters even the most unstable of countries never getting into matters of governance or human rights and sets up shop. But the end result is not always in Africa’s favor as it has not been in the US. China becomes a competitor and soon jobs are lost. This same phenomenon has repeated itself in Central and South America in recent years. China is strategically and financially more of a threat than previously. The impact of all of this on the US is not going to be as severe as on other economies should a showdown occur. As
China’s deputy foreign minister, Zhou Wenzhong, told an interviewer, “Business is business. We try to separate politics from business…. You [the West] have tried to impose a market economy and multiparty democracy on these countries which are not ready for it. We are also against embargoes, which you have tried to use against us. cfr.org “China’s Rising Role in Africa.”
China offers countries in these regions money, technical expertise and protection from international bodies that might consider embargoes or other punitive measures for their internal treatment of citizens or for other crimes.
Perhaps the biggest return of Chinese investment has been to increase its foreign trade. At a time when their trade with the US is shrinking, they are concentrating on third world nations for growth. Their strategies are complex and clever. They are indeed a mighty economic, political and military power that bears watching.
VotingFemale Speaks! Sarah Palin Speaks! China Listens; Obama Overshadowed …
Gateway Pundit: Team Obama Funds Oil Drilling Project in Brazil… Nixes Offshore Drilling In US …Update: Soros Invested Heavily in Petrobras
VotingFemale Friends Speak!: Obama’s Approval Tanking to new minus 14 Index LOW; so says Rassmusen
Frugal Café Blog Zone: Rush Limbaugh on Jay Leno Show: His Weight Loss, Obama, Health Care, Capitalism, Racing Car Challenge, and More (video) and Fascist Nightmare: Obama’s Back Room Deals with Big Pharma… Obama’s Relationship with Drug Companies Exposed (video) and Govdelivery: Obama’s Spam Service for Unsolicited Axelrod Emails on ObamaCare, Taxpayer-Funded (video) and Our Deficit Grows and Obama Goes… On Vacation to Uber-Pricey Martha’s Vineyard and Garage Sale Police: No, I’m Not Kidding… Wish I Were and Barney Frank’s Wacky Town Hall Circus: Says He’ll Vote the Way HE Thinks Is Best on ObamaCare, Will Likely Ignore Majority of Voters (video)
The Patriot’s Mind: Obama’s Approval in the Tank – Solution? Investigate the CIA!
Le·gal In·sur·rec·tion: I Can’t Keep Up With All The Failures
No Runny Eggs: We’ve Only Just Begun
Hip Hop Republican: Isaac Hayes – “Help Me Put and End to Corruption in Chicago”
Cynthia Yockey, A Conservative Lesbian: Obama’s tanking, so expect a lie about Gov. Palin in 3, 2, 1…
Riehl World View: Today’s LOL: So, Sarah Palin Is Irrelevant?
Ztower: The Reid/Pelosi Fantasy Politics Time-Line
VotingFemale Speaks!: Sarah Palin Calls out Obama & Co on Giving Billions of your Dollars to Develop Oil Fields In Brazil instead of the USA
NewsReal Blog: Bill Maher Lies About Sarah Palin to Attack American Patriots
Right Voices: Poll: Americans losing confidence in Obama and Ted Kennedy Wants The Election Law Changed To Fill His Seat
GayPatriot: Obama Promised Fiscal Discipline, Delivered Fiscal Recklesness, Lost the Good Will of the American People and Another Day, Another Democrat Insults Obamacare Opponents
RedState: It’s pretty bad when you have *Air America* calling you a liar, Mr. President
FOX News: White House Reveals Identity of Firm That Sent Unsolicited E-Mails on Health Reform
Hot Air: GovDelivery throwing Obama under the bus?
Nice Deb: Video: Libs Cooling On “Charming Liar” Obama Because Of Big Pharma Deal
Chris Muir, Big Hollywood: The French Connection
ABC News: The Reshaping of the GOP
Clinging to G & G: Quote of the day and 2nd Quote of the day
The Underground Conservative: White House Admits It Paid For Spamming
The Hill: 10-year budget deficit grows by $2 trillion
Mark Epstein: The Choice is Clear: Kill the “Message” or kill the “Messengers”
Gathering of Eagles: NY: Barack Obama Vacations While Economy Tanks and Barack Obama: I’ll Pay Others to Drill for the Oil I won’t let Americans drill for themselves
Hot Air: The Obamas will conspicuously consume on Martha’s Vineyard
Lloyd Marcus, American Thinker: Who Will President Obama Drum Up Hate Against Next?
Hot Air Green Room: We Need The Truth, Not Beer and Apologies
Founding Bloggers: (VIDEO) African American Officer Regarding President Obama: “I Supported Him, I Voted For Him. I Will Not Again.”
Goodtimepolitics: Police officers across the country have a message for Obama
Michelle Malkin: Look who’s hijacking 9/11 and Harry Reid is “on the ropes” and Letter from a Whole Foods worker Updated and Sunday open thread and and Death panels? What death panels? Oh, those death panels and Dear White House: Look who’s funded by the health care industry and Um, who’s bought and paid for by the drug lobby? and Axelrod’s profits: Uh, who’s on the take from the drug lobby again?!?! and Flashback: Who’s funding the Obamacare Astroturf campaign? and Corporate Shills for Hope and Change and Stuck on stupid(ly)
Conservative Nation: The Left Attacks Whole Foods
Ztower: It’s Not About Your Health, Nitwit! It’s About President Obama’s Legacy. Now Get Out Of The Way!
Dandelion Salad: Obama’s New Mistress – Big Pharma + Mark Leno: Single Payer Saves Money
Pumas Unleashed: Obama caught behind closed doors making deals with Big Pharma…
Temple of Mut: Checklist of Death
GoodTimePolitics: If Sarah Palin’s dim and Obama is brilliant, how did he lose the argument to her? and The Dirty Dozen: 12 New Obama Administration Policies That Undermine Civil Society
Gadget’s Blog: News Flash: Obama not really black, just full of crap.
Sister Toldjah: Why “Gatesgate” is a losing situation for Obama – and black youths (UPDATE: POLICE RELEASE TAPES)
Pundit and Pundette: The sinking Obama brand, et cetera