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Chile’s President Gabriel Boric said on Thursday he would nationalize the country’s lithium industry, the world’s second largest producer of the metal essential in electric vehicle batteries, to boost its economy and protect its environment. The shock move in the country with the world’s largest lithium reserves would in time transfer control of Chile’s vast lithium operations from industry giants SQM and Albemarle to a separate state-owned company. It poses a fresh challenge to electric vehicle (EV) manufacturers scrambling to secure battery materials, as more countries look to protect their natural resources. Mexico nationalized its lithium deposits last year, and...

Calls for Biden to socialize industry have moved quickly from fringe to mainstream...The energy crisis is worsening. The U.S. has fewer than 30 days of diesel and other distillate fuels, the lowest level since 1945. Supplies are so low that there will be shortages and price spikes within six months unless the U.S. enters recession, experts warn. In response, the Biden administration is releasing more oil from the Strategic Petroleum Reserve. But the reserves are of crude oil, not refined oil products such as diesel. And the releases are stifling investment in future oil production. “People are depleting their emergency...

Joe Biden is calling on seven of the top oil companies to do something to help quell surging gas prices after accusing them of intentionally exacerbating the strain on Americans' pocketbooks after the average price per gallon surpassed $5.00. The president is sending letters Wednesday to Marathon Petroleum Corp., Valero Energy Corp., ExxonMobil, Phillips 66, Chevron, BP, and Shell to demand action on lowering gas prices at the corporate level and account for the surge. In a letter to Exxon obtained by Axios, Biden wrote that the difference 'of more than 15% at the pump is the result of the...

The incident is the first time a predator has broken into the exhibit in its 50 year historyA wild fox snuck into the outdoor flamingo habitat at the Smithsonian’s National Zoo and Conservation Biology Institute on Sunday night and killed 25 of its American flamingos—about a third of the 74-bird flock, per a zoo statement. A Northern pintail duck was also found dead, and three additional flamingos were injured. “This is a heartbreaking loss for us and everyone who cares about our animals,” Brandie Smith, director of the zoo, says in the statement. “The barrier we used passed inspection and...

Gov. Gavin Newsom announced that the insolvent State of California is putting together a "Strike Team" that could move to nationalize the assets of the bankrupt PG&E utility. Newsom told lawmakers in his State of the State speech, "We're facing hard decisions that are coming due."  In his first month in office, Newsom has been dealing with a $7-billion tax shortfall since December, $1 trillion in unfunded public employee pensions, President Trump threatening to withhold $9 billion in wildfire aid, and cancelation of the state's $98.1-billion high-speed rail boondoggle. div class="article_body bottom mrf-hidden"> Undeterred by the tsunami of grim financial challenges, the wildly progressive rookie governor trumpeted that he...

The Ukrainian government announced on Sunday that it will nationalize PrivatBank, the country's biggest lender, in one of the biggest shake-ups of the banking system since the country plunged into political and economic turmoil two years ago. In a statement late on Sunday, the government made no mention of the size of the potential burden to the state budget, but said it would ensure a stable transition and the smooth functioning of the bank. The Finance Ministry will take over PrivatBank, which is part-owned by one of Ukraine's richest men, the powerful oligarch Ihor Kolomoisky. Finance Minister Oleksandr Danylyuk said...

EXCERPT—--the WH wants you to consider a retirement plan that will invest in nothing but US government debt. Any financial professional who advised this—would be sued for malpractice. But asset allocation is merely one of the problems with the new “myRA” fund rolling out this month. A form of Roth IRA that allows people to save after-tax dollars and watch them grow tax-free until retirement, the new myRA offers a single investment option. It’s a private version of the G Fund that is available to federal workers and has lately been delivering annual returns of about 2% on its portfolio...

One of the great intellects at Rolling Stone magazine has joined us in our call for universal misery. Jesse A. Myerson is calling on "millennials" to fight for five key economic reforms. 1. Guaranteed work for everybody. 2. Social Security for all. 3. Take back the land. 4. Make everything owned by everybody. 5. A public bank in every state. As a result of Mr. Myerson's call for universal free stuff, the editors at Rolling Stone have announced universal subscriptions for all! No longer will Rolling Stone magazine participate in the outdated economic system of capitalism. As a sign of...

Mark Levin opened his show tonight discussing Obama’s new executive order to create an election commission to study problems that Obama says exist on the local and state level, like people standing in line too long in waiting to vote. But Levin wants to know where the evidence exists to substantiate these so-called problems. In fact, he believes that Obama is trying to nationalize the election process so the federal government will have more control over it. Here’s an short excerpt: In the ratification debates in the states, after the Constitutional Convention ended, after they sent draft copies of the...

It may be time to take the tax hit and withdraw funds from private retirement accounts before they are forced into long term T-bonds. The Obama administration is reportedly quickly moving on plans to nationalize private 401k and IRA retirement accounts, and replace them with government sponsored annuities(aka Treasury bonds that the Treasury currently can’t sell to anyone but the Fed). National Seniors Council Director Robert Crone warns: “This whole issue is moving forward very quickly. Already there is a bill requiring all businesses to automatically enroll their employees in IRA plans in which part of every employee’s paycheck would...

A new White House petition wants President Obama to nationalize the "Twinkie industry," saving the popular junk food from possible extinction. "We the undersigned, hereby request Barack Obama to immediately Nationalize the Twinkie industry and prevent our nation from losing her sweet creamy center," a petition on the White House "We the People" website requests ...

A recent hearing sponsored by the Treasury and Labor Departments marked the beginning of the Obama Administration’s effort to nationalize the nation’s pension system and to eliminate private retirement accounts including IRA’s and 401k plans, NSC is warning. The hearing, held in the Labor Department’s main auditorium, was monitored by NSC staff and featured a line up of left-wing activists including one representative of the AFL-CIO who advocated for more government regulation over private retirement accounts and even the establishment of government-sponsored annuities that would take the place of 401k plans. "This hearing was set up to explore why Americans...

Bolivia will consider nationalizing Canadian miner South American Silver Corp's silver property, President Evo Morales said on Sundayt. Leftist Morales, who last month seized Glencore's tin and zinc mine in Bolivia, said he hadn't taken a final decision. "Nationalization is our obligation, I already raised the issue of nationalizing (the project) last year, and I told (local residents) to reach an agreement, because when they want we're going to nationalize," Morales told a farmers' gathering. Exploration work, in which South American Silver plans to invest some $50 million, is expected to end within three years. The company describes it as...

In a nutshell, under the GRA system government would seize private 401(k) accounts, setting up an additional 5% mandatory payroll tax to dole out a "fair" pension to everyone using that confiscated money coupled with the mandated contributions. This would, of course, be a sister government ponzi scheme working in tandem with Social Security, the primary purpose being to give big government politicians additional taxpayer funds to raid to pay for their out-of-control spending.

I watched Glenn Beck today and it was truly an eye opener when comparing Hitler’s ascension to power and what is occurring today. Yep, I know… So many have told me I can’t bring up Hitler and gasp! I certainly cannot compare him to Obama or the UN. Watch me… Kitty Worthman was 12 years old when Hitler came to power in Germany. She pointed out the following progression under Hitler’s Nationalization: 1. The radio stations. 2. The banks. 3. The auto industry. 4. The schools. 5. The healthcare industry. See a similarity here? What Kitty experienced is being repeated...

With the government facing an escalating crisis of debt it seems they are becoming increasingly creative (devious) with solutions. We have reported previously on the U.S. government’s intimations that they would move to nationalize private retirement accounts (Obama’s Socialist Government Coming For Your Pension ). Now it seems that the Department of Labor and the Treasury Department are beginning to take the steps necessary to do just that. The following excerpts come from an article entitled “US Departments of Labor and Treasury Schedule Hearing on Confiscation of Private Retirement Accounts“: On August 26, the US Department of Labor issued a...

As in all major government takeovers of private companies in Venezuela, President Hugo Chávez declared that seizing beer-and-food giant Polar's facilities here would mark another victory for the poor in the country's march toward socialism. "Why is it that Polar has so much money?" Chávez asked in a February speech ... Except this time, the president's plans went badly awry, ... Polar [fought] back by taking its case to the Supreme Court, [and] its employees have risen up, too, rallying in opposition to Chávez's edict and holding all-night vigils to prevent a takeover. ... employees said they oppose the government...

Venezuelan President Hugo Chavez (right) alongside Oil and Energy Minister ... http://www.breitbart.com/image.php?id=iafpCNG.939483e305b1ba22fc2cd72e1641a9c0.5b1p0&show_article=1&article_id=CNG.939483e305b1ba22fc2cd72e1641a9c0.5b1 Venezuela's legislature has voted to nationalize 11 oil rigs owned by the US firm Helmerich & Payne. The rigs, located in Monagas, Anzoategui and Zulia states, will be taken over by state oil giant Petroleos de Venezuela (PDVSA), the official news agency AVN said. PDVSA had asked the legislature controlled by supporters of leftist President Hugo Chavez to take over the rigs after the US firm declined to negotiate a new service contract, unlike 32 other foreign firms.

BP (BP), the one-time British Petroleum that tried to rebrand itself as “Beyond Petroleum,” is crashing today on talk that energy giant may have to seek bankruptcy protection. BP has plunged 15% — more than 50% below pre-spill levels. In an article today, Fortune quoted Matt Simmons, oil and gas industry insider: They have about a month before they declare Chapter 11. They’re going to run out of cash from lawsuits, cleanup and other expenses.

Bring it on, says Nancy Pelosi, dismissing GOP election hopes By Bob Cusack and Jared Allen – 05/19/10 08:47 PM ET Speaker Nancy Pelosi has a message for Republicans this fall: Bring it on. A buoyant Pelosi (D-Calif.) on Wednesday basked in the Democrats’ special-election triumph while bashing Republicans and expressing confidence that her party will retain control of the House. In an interview with The Hill, the Speaker said it was very important to her that Democrats retain the late Rep. John Murtha’s (D-Pa.) seat, which they did Tuesday night. Pelosi, who was very close with Murtha, said Republicans...