Besides the topic of currency reform, which will lead into replacing the American dollar as the world reserve currency and has the potential to lead into the One World monetary system, another topic for the G20 meeting in South Korea is rising to the surface. China has apparently managed to pretty much monopolize the global market for rare earth minerals. In fact, a
www.breitbart.com article on Tuesday reported that they control “more than 95 percent of the global market.” A www.cnbc.com reported that, “China accounts for more than 90 percent of the world’s production of rare earth metals.”
The reason why this is important is because rare earth minerals are used in items such as iPods, hybrid cars, computers, cell phones, the green market / energy technologies, and even missiles. Lately, China has been making a point of delaying or stopping shipments of rare earth minerals to the US. They claim that they are concerned about running out of these minerals. However, Breitbart has also noted that China’s interesting timing seems to be oddly coincidental with a “US investigation into alleged Chinese subsidies into its green technology sector.” In addition, “Japanese industry said that Beijing took similar action last month after Tokyo seized the captain of a Chinese fishing boat in waters disputed between the two countries. Japan eventually released the captain, triggering criticism by some conservative lawmakers who accused Prime Minister Naoto Kan’s left-leaning government of emboldening China.” The international community is finally figuring out that China has become economically powerful enough to significantly manipulate the political scene – and it scares them.
According to www.nytimes.com “Jeremie Waterman, the China director of the United States Chamber of Commerce said that rare earths were so important to advanced manufacturing that restrictions on their trade might need to be put on the agenda of the Group of 20 meeting of heads of state, scheduled next month in Seoul, South Korea.”
There is also some investigation into whether China is violating World Trade Organization rules, but of course China insists that it’s not.
Congress is likely to hear the insane cries of environmentalists as they now begin to work toward introducing legislation that will bring about the, “re-establishment of rare earth mining and manufacturing in the United States. But new mines are likely to take three to five years to reach full production, according to industry executives, although existing uraniummines may be able to move faster by reprocessing previously mined material, which often contains rare earths” (emphasis added). Such legislation seems like it ought to be on the Republican agenda for a lame duck session once Obama leaves town after Election Day – kind of like the extension of the Bush tax cuts that liberal Dems are so frightened might get pushed through and actually benefit the ailing economy. If it makes sense and will help the economy, it apparently scares the liberal Democrats.
Respected Christian Pastor Dr. David Jeremiah of Shadow Mountain Community Church of El Cajon, California isn’t hiding his views about the damage that he feels Obama’s policies have done to America. Jeremiah told www.onenewsnow.com on Wednesday that, “I do not believe he has been an asset to our country; I don’t believe he’s moved us forward in a good direction, and frankly, I am praying, along with many other believers, that in this mid-term election we will find a way to slow down this train that seems to be moving us toward socialism and away from our historical moorings… I believe he’s a dangerous person.”
Georgia Congressman Paul Broun shared a similar view at a town hall back in September of 2009 when he said, “”Obama already has or will have the three things he needs to make himself a dictator: a national police force, gun control, and control over the press,” On Line Athens reported. The article went on to state that Broun quoted from a speech that Obama gave in July of 2008 when he was still campaigning, mentioning the fact that Obama planned to set in motion, “a civilian national security force that’s just as powerful, just as strong, just as well-funded as the military.”
Just one more reason for conservatives to make it a point to get out and vote on Election Day. If moral leaders who actually care about the future of this country are put in place, bad policy can be repealed and replaced.