Posted on 10/12/2010 6:07:08 PM PDT by george76
Ticaboo Syd Austers father flew fighter jets to protect American soil, including this dusty company town off a two-lane road to Lake Powell.
But soon the same mineral-rich landscape that Austers dad safeguarded decades ago will be largely owned by the country he once guarded against. By years end, the Russian mining company Atomredmetzoloto (ARMZ) will have a controlling stake in the Canadian company Uranium One.
When that happens, the town itself, the Shootaring Canyon uranium mill a few miles up the highway, more than 10,000 acres of uranium claims in Utah and holdings in South Dakota, Wyoming and Texas all of it will be in the portfolio of ARMZs parent company, Rosatom, the Russian nuclear agency, which last month provided fuel for Irans nuclear power plant.
Thats kind of scary, said Auster, who is sure her father and the people who built the mill and the town for its workers never intended their labors to serve the borderless uranium industry of today. Its too global when the rest of the world owns our country.
Canada-based Denison Mines not only mines uranium from its southeastern Utah claims. It also operates a uranium-processing mill near Blanding that is the only active plant of its kind in the nation.
Uranium One, meanwhile, snatched up properties once owned by U.S. Energy Corp., of Golden, Colo., such as the mill, reserves and the town.
Sarah Fields, director of the Moab-based group Uranium Watch, called the situation rather bizarre, because uranium mining in the Four Corners area was born in the last century to supply weapons for World War II and later the Cold War.
Its an odd, odd situation,
(Excerpt) Read more at sltrib.com ...
Running fat trade deficits for 30 years has consequences.
Fat trade deficits with Russia?
Oil son, oil.
Numbers, daughter, numbers.
Our government should stop this but I’m not holding my breath.
Another Clinton brokered deal I’m sure.
This smacks of the early American industialists buying land from the Native American Indians...and look what happened to them. Are we all going to end up on “American Reservations”?
btt
What - you don't know how to use Google?
Russia is the world's second largest exporter of a fungible (there's a world for your Fisher-Price Dictionary) resource sold in dollars.
Russia has even recently doubled its direct exports to the US.
Me? I'd rather we drill here.
One would think that you have those numbers at your fingertips, seeing the way you came crying to this thread like a baby.
By years end, the Russian mining company Atomredmetzoloto (ARMZ) will have a controlling stake in the Canadian company Uranium One.
Don't you see? If the US didn't import Russian oil, this Russian company could never have bought that Canadian company. It's obvious.
Canada is an exporter of oil, so no one from another country could ever buy a Canadian company. Get it now?
So if we drill here, drill now (as we should), no one will ever buy our stuff? It’s becoming clear to me. I think.
Sorry, you'll have to find someone else to be your information mule.
In other words, you didn't know what you were talking about when you implied that you did.
Known as the Red Herring Fallacy.
Just because I have neither the time nor interest in accomdating your requests doesn't impact the veracity of my claims.
Now, I'm not saying that's the case . . . just that you brought nothing to the table with what amounts to a knee-jerk reaction in your comment #2. (And the graph you posted has no bearing on the issue.)
I don't know what is more ludicrous, asking this question or expecting an answer.
I'll give you another example of your ridiculous line of reasoning here. A couple weeks back you asked a poster what the percentage of goods sold at Walmart came from China.
1. The only people who know the true answer work for Walmart.
2. The answer is assuredly embarrassing to them so they aren't going to release it publicly.
Thus your target poster has no way of accurately answering your question (I think you are smart enough to know this, but remain disingenuous).
Now from this you reliably infer in follow on posts that the poster doesn't know what he is talking about and so on...
Back to the original point. The world in awash in dollars from our trade deficits. The balance of payments will be made whole whether it is for US goods or assets. In the long term it will be better for the wealth of our nation that is is for manufactured goods.
Was that the guy who said he would gladly pay more for a pen if it was made in the U.S.A., and I found him some being sold at Wal-Mart? You're correct, that was ridiculous.
Even more ridiculous is your contention that, because the world is awash with U.S. dollars, this Russian company was able to make its purchase. Well, maybe not . . . you just don't know.
No, but when did you become a personal shopper?
Even more ridiculous is your contention that, because the world is awash with U.S. dollars, this Russian company was able to make its purchase.
As the US dollar continues its decline deals like this will become a lot more common.
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