WSJ:
Today, scuttlebutt about China reducing exports of rare earths to the U.S. and Europe. Japan already seems to be on the short end of the rare earths export list following a naval squabble over disputed islands.
It's time to re-open our mines in the US. We have plenty of the stuff. I agree with this rant from a blog that shall not be named:
The CENTER can NO LONGER HOLD.
It's either the f(deleted) b(deleted) a(deleted) world ACCEPTS the collapse of the US consumer and accedes to a normalization of trade flows or they F(deleted) OFF.
We CANNOT repay the debts, do they f(deleted) GET THIS? We also CANNOT continue to suffer their mercantilist ponzi currency bull(deleted). If we CANNOT repay the debts, it is sure as s(deleted) not time to rack up more. The entire EM world is developing on the back of debt they bitch about our not paying but they bitch even worse if we won't borrow it.
If we STOP the debts, their stupid debtbubble economies collapse. If we debase, they whine about that too. The world is full of b(deleted).
The specific INTENT of the mercantilist ponzis of Japan and China was to take our production capacity. Ok, DONE. Now what? We can no longer produce enough to pay for the go(deleted)d goods and neither of these two stupid idiot nations wishes to let US actually sell anything in THEIR markets.
Brazil, China, India, ALL REFUSE to allow trade flows to normalize. So, screw the whole lot of them.
WSJ:
6 comments:
Oh, great, now my doomstead needs a rare earth mine too? Sheesh.
most rare earths are about as rare as copper.
but getting them out of the ground is more environmently-unfriendly, so it's both easier and cheaper to get them from 3rd-world countries.
similar to California's willingness to pay a premium to import electric power from other states rather than build any of those nasty coal-fired plants within its borders.
I chuckled.
Did someone say Rare Exports?
I agree with Bill on getting them out of the ground is more environmently-unfriendly, so it's both easier and cheaper to get them from 3rd-world countries. Good stuff with an old photograph.
I thought some mines were reopening:
http://www.minersnews.com/Dec07Jan08/Domestic.htm
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