| Re: USA on brink of financial disaster - Bernanke | |
At the beginning of last winter our local fuel suppliers told us they
had found it almost impossible to buy coal, as a result of which priceshad increased, as the Chinese had bought up all available stocks. Thisterly reliable fall back, despite high shipping costs, Columbian coalincluded the Australian, that we normally relied upon and our usually u
t. This latter had increased from £200 to £300 a ton. With Chinese building a new coal fired power station every ten dayser. What will happen when the economy picks up? Presumably you hthis is hardly surprising but they perhaps overcooked it with the economic downturn and this year supplies seem a little fr
eave read that the Chinese now control and have bought up 98% of the world's stocks of rare earths which are essential for thethe Chinese fishing boat skipper for ramming one of their patrol boaconstruction of all modern electronics which includes GPS, computers and mobile phones for example. When the Japanese arrested
ts, the Chinese immediately stopped shipping rare earths and the skipper was released within two days. The Americans do have sources of rare earths but they have closed downbout Greece but the Chinese are definitely trying to buy up mines in Otheir mines because the Chinese have been undercutting them on price. B&A XXXXXXXXXXX S Subj: Re: Fwd: USA on brink of financial disaster - Bernanke Don't know
az as then they could control the price of the ore they mine. Many people are also not happy about the agricultural land they are trying to buy too as then we could all be starving & theycould be shipping our food over to China & we would then have to buy it back - just stupid!Bye for now, XXXXXXXXXXX F
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