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To: blam; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; dools0007world; Gilbo_3; NFHale; ..
RE :”The problem is that while rare earths production can be developed in many other parts of the world, (The U.S. actually has an abundant amount of rare earths, it's just not mined currently) in the short-term almost nothing can be done to remove China's choke hold over this niche of the technology supply chain. It takes time to get new mines up and running.

As I been saying for over a year now, American ‘invests’ in welfare checks, food stamps, clunkers, empty houses,... while China buys up the energy supplies and rare earth’s and metals needed to produce anything. That is because the Keynesian religion worshiped by Washington says that consumers (ie really voters) are what drives economic prosperity, not the producers.

To show you how insane this economic theory is it's like saying that it is not the Farmer that is important for growing the food that he sells, nor those that make the equipment or fertilizer he needs(that Jim Rogers told us to invest in) , but it is the locusts that are the key for creating demand by eating his crops (here in MD it is the stink bug destroying fruit.) The theory says that the more locusts attack his crops, the more farming jobs are created planting new crops to meet the new demand.

39 posted on 09/29/2010 8:14:42 AM PDT by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
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To: sickoflibs

thanks for the ping


45 posted on 09/29/2010 8:22:01 AM PDT by GOPJ (http://www.freerepublic.com/focus/f-bloggers/2589165/posts)
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