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soon,every nation will safeguard their physical resources ,under or above ground ,forget about t bills and US $ AS SAFE HAVEN or gold as store of value,it is the actual commodity which counts-lithium,coal,oil,gas,copper,aluminium.
if we get that far the only commodity which will truly matter is who has the power to take it or the power to defend it. Not a pleasant image of the future but at least we have that power.
China imports 85% of the raw materials used to manufacture stuff. If we cut off raw materials they can't perform manufacturing and they have to layoff millions of workers. We would suffer from some shortages but their economy would collapse. Those who control the raw materials have the real power.
The U.S. does not have a monopoly on raw materials. China imports raw materials from SEVERAL countries. I assume these countries would be delighted to increase their exports to China.
The U.S. does not have a monopoly on raw materials. China imports raw materials from SEVERAL countries. I assume these countries would be delighted to increase their exports to China.
That's assuming that other countries can provide the same exports to China that the US provides to China. I doubt that is a valid assumption.
The U.S. does not have a monopoly on raw materials. China imports raw materials from SEVERAL countries. I assume these countries would be delighted to increase their exports to China.
It does not need to be a monopoly, removing a significant chunk of imports would still cripple China's economy.
The U.S. does not have a monopoly on raw materials. China imports raw materials from SEVERAL countries. I assume these countries would be delighted to increase their exports to China.
I see you come from the Biden I can't do anything school. The American people are suffering, it is time to do something.
I see you come from the Biden I can't do anything school. The American people are suffering, it is time to do something.
Why did trump ban drilling for more oil off the coast of Florida as well as any other states? And you see desantis applauding this drilling ban in the picture.
Why did trump ban drilling for more oil off the coast of Florida as well as any other states? And you see desantis applauding this drilling ban in the picture.
Do you suppose it has anything to do with the fact that there are many other places in the US to drill that don't have the potential of an oil spill that would devastate pristine beaches, millions of jobs, and tens of millions of people?
Why did trump ban drilling for more oil off the coast of Florida as well as any other states? And you see desantis applauding this drilling ban in the picture.
It sounds like he listened to the people and not the oil companies.
The oil industry has aggressively lobbied the Trump administration to open up the Eastern Gulf of Mexico for oil and gas drilling when the current moratorium on exploration there ends in June 2022. Florida residents are strongly opposed to opening up the area to drilling rigs, however, fearful that an oil spill would wreck the state’s tourism and fishing economy — something its Panhandle region got a taste of during the catastrophic BP spill in 2010.
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