China To Cut Crucial Rare Earths Export Quotas

AP via Yahoo Finance ^ | 29 Jan 2010 | AP

[edpc]

BEIJING (AP) -- China said it is reducing the amount of rare earths it will export for the first half of the year by more than 10 percent -- likely to be an unpopular move worldwide since the minerals are vital to the manufacture of high-tech products.

[edpc]

"China is not using rare earth as a bargaining chip," Wen Jiabao, China's top economic official, told a China-European Union business summit in Brussels in October.

Pardon me if I seem skeptical.

[martin_fierro]

Y'wouldn't think there'd be much of a demand, but what do I know.

[brownsfan]

Bah.

Most Americans have no idea what this means, and couldn’t care less, as long as the malls are open and the Kardashians are on.

Then, there is a wealthy group of Americans who know exactly what’s going on, and will do anything to profit from the situation, regardless of the impact on America.

Most of us freepers are caught in the middle, (a dwindling population it seems).

[LomanBill]

Then, there is a wealthy group of Americans who know exactly what’s going on,

Uhuh.

There is the Financial Vanguard NyLon Elite who pretend the market is "Free" whilst manipulating it via centrally managed insider/micro-traded/front-run smoke and mirrors -- and skimming all the honey off.

And then there's, the rest of us...

[tumblindice]

http://www.youtube.com/watch?v=pqzdKRhBrrg

[flamberge]

This is China, flexing their strangler’s noose around the entire “high-tech” industry. They would enslave the West if they were allowed to continue.

The liberal elites in the West do not care. They believe that they can make accommodations with the Chinese elites to retain their power - and they may well be correct in this assessment, for at least one more generation.

Liberal Western elites envy the unchecked authority wielded by their counterparts in undemocratic countries. They consistently obstruct any efforts to resist totalitarian systems or defend against aggression from totalitarians.

Expect any new discoveries of rare earth minerals outside of China to be owned by Chinese investors, or to be tied up indefinitely by “environmental concerns”.

Our present class of political elites must be removed in order for Western nations survive as free peoples.

[brownsfan]

Yep, you’re right. The best tactic to use against those you disagree with is ridicule, just ask Saul Alinsky.

And there is no such thing as wealthy elite, those who are informed beyond what the “average joe” can have access to. No such thing as insider trading. No such thing as banks doing credit default swaps to take advantage of the housing bubble, while harming the average investor.

As I understand it, the greenies have shut down our ability to mine rare earths. It seems business is fine with allowing that to move to China, as are the polititicans. So, now it’s going to be used against us.

You are so right, everything is above board, the free market works perfectly.

Hey, has anyone seen our manufacturing base, it was just here not too long ago?

[The Comedian]

Without rare earth metals, the solar "green shoots" which are currently losing money even with government handouts, will now just close their doors, because they won't even be able to manufacture products at all.

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

[LomanBill]

[Hey, has anyone seen our manufacturing base, it was just here not too long ago?]

Wasn't that included when Comrade Klintoon's trading partners declared that "All your base class are belong to us"... or something?


[No such thing as banks doing credit default swaps]

And of course none of the NyLon Suuuper Geniuses in the predatory finance industry would have done something as stupid as fabricating FICO scores for Liar Loans going into the AAA a$$paper presently floating in the global economic pond. Would they?


No, no no you silly infidels!
None of that going behind the curtain here at Central Cont... errr, um...
...the Market that is most definately NOT under Central Control.

In fact, there are no financial crisis at all.
We were just, ummmm, stress testing the system.
Yeah, that's it. Ok?

Oh and Bob says to tell you - "all your Hum-V are STILL belongs to him!"
So there.

[Mike Darancette]

We are luckier than other countries we have a place where we can mine rare earths; wait Clinton put mining them off limits.

[La Lydia]

LomanBill is a troll thread hijacker, and he has you in his sights.

[familyop]

"As I understand it, the greenies have shut down our ability to mine rare earths. It seems business is fine with allowing that to move to China, as are the polititicans."

Oh, yeah, the greenies. The next time greenies appear in a commissioners' meeting to prevent a new business start, find out as to what their relatives, employers or recent employers do for a living. Environmentalism is for shutting down potential domestic competition, and environmentalists don't come from impoverished neighborhoods.

[LomanBill]

[brownsfan]

“LomanBill is a troll thread hijacker, and he has you in his sights.”

I figured with his 2nd incoherent reply.
No damage done, I can ignore gibberish.

[La Lydia]

I know you killed that cat.

[LomanBill]

the free market works perfectly.

 

Indeed.  The "Wizard" knows best...

 

"We didn't truly know the dangers of the market, because it was a dark market," says Brooksley Born, the head of an obscure federal regulatory agency -- the Commodity Futures Trading Commission [CFTC] -- who not only warned of the potential for economic meltdown in the late 1990s, but also tried to convince the country's key economic powerbrokers to take actions that could have helped avert the crisis. "They were totally opposed to it," Born says. "That puzzled me. What was it that was in this market that had to be hidden?"

http://www.pbs.org/wgbh/pages/frontline/warning/view/

 

[LomanBill]

>>I know you killed that cat.

{nudges cage}

Look there, it moved!

[ding_dong_daddy_from_dumas]

Without rare earth metals, the solar "green shoots" which are currently losing money even with government handouts, will now just close their doors, because they won't even be able to manufacture products at all.

Why would a little detail like not making a product stop them? Something tells me they will keep receiving government money.