...UM whose been paying attention to the store? As in: Europium, Lanthanum, Neodymium, Dysprosium and Terbium.
All of the above are invaluable to present day lifestyles with respect to technology. All are mandatory for the "Green" future of mankind - yes I said MANkind. And ALL of them are controlled primarily by China - due to the fact that the Chinese are the only major country that can process the raw materials necessary to produce them. China is our largest creditor.
For instance - Toyota's Prius requires approximately 7,500 tons of Lanthanum and 1,000 tons of Neodymium per year to build the batteries in these cars. Wind turbines (the cure-all for "free green" electricity) use Neodymium as the main component in their magnets. Without uninterrupted availability of these rare earths, these technologies will cease. At least cease to be available to the West.
Ah yes, the holder of much of America's ever increasing debt, in large part due to the Chosen One, also controls the majority of the supply of these elements. As China's consumption of these elements continues to increase, the Chinese government may choose not to export them to the US the future. Whoops!
How could this possibly have been allowed to occur?
SharkyandSharky believe it's just another example of our government keeping us safe.
UPDATE...UPDATE...UPDATE..Feb 17, 2010
China is no longer our largest creditor. What a relief! Japan is. Didn't we bomb Japan and install America's Caesar to rule them for awhile? From then until now Japan has become the world's largest supplier of electronic goods. The US now only owes China $755B while we now owe the people we bombed (remember when the US knew how to close out a war) $768B. Lest you forget to add that is $1.5T we owe these two countries alone.
Do not worry we will sink ourselved before we sink the rest of the world. Here is a nice display from CNBC of our debt situation right now. The Biggest Holders of US Government Debt - CNBC
©Sharky&Sharky
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