Significant U.S. Economy Slowdown

[jazz]

China threatening to cut off U.S. from rare earth minerals . . . this is a potential knockout punch. Technology is the battle ground, not a trade deal (IMO).

Trump’s beloved stock market now appears at-risk . . . .

Errol, I like your analysis but you have got to dig deeper.

https://en.wikipedia.org/wiki/Mountain_Pass_rare_earth_mine Mountain Pass Mine

http://www.cbj.ca/canada_s_rare_earth_deposits_can_offer_substantial _competitive_a/ Canada rare earth deposits

https://www.scmp.com/news/asia/east-asia/article/2141445/discovery-rare-earth-minerals-japan-coast-secures-780-years Japan Rare Earth Discovery 780 yr Supply

[errolanderson]

Errol, I like your analysis but you have got to dig deeper.

https://en.wikipedia.org/wiki/Mountain_Pass_rare_earth_mine Mountain Pass Mine

http://www.cbj.ca/canada_s_rare_earth_deposits_can_offer_substantial _competitive_a/ Canada rare earth deposits

https://www.scmp.com/news/asia/east-asia/article/2141445/discovery-rare-earth-minerals-japan-coast-secures-780-years Japan Rare Earth Discovery 780 yr Supply

China controls about 80 percent of global supply.

[jazz]

China controls about 80 percent of global supply.

US has stockpiled lots of these resources already. Mountain Pass is being restarted and US allies like Australia Canada and Japan are being tapped for the new supply chains. Nothing to worry about.

Remember, China needs to sell the final tech products into the US. That's their main market. if rare earths are restricted, product doesn't get made, doesn't get sold anywhere. China has no options that don't blow up in its own face including selling US treasuries.

[ajl]

US has stockpiled lots of these resources already. Mountain Pass is being restarted and US allies like Australia Canada and Japan are being tapped for the new supply chains. Nothing to worry about.

Remember, China needs to sell the final tech products into the US. That's their main market. if rare earths are restricted, product doesn't get made, doesn't get sold anywhere. China has no options that don't blow up in its own face including selling US treasuries.

Not to mention that China has to sell everything they can because they have debt to service because high speed rail is not cheap. Manufacturing 10% growth every year is very expensive. So the rare earths will find the back door into the US market if necessary. This announcement is for the fewer people every day that still believe China will become a superpower. The rest of us have moved on.

[the big wheel]

What is China’s population? Where do we need to sell our crops and many products? They already are a super power. The retard from down south is losing all the deals he’s making there and all the western world is paying for it.

It was revealed China isn’t the one paying for his ag tariffs the American people are. Even republicans admitting they don’t know where the money for the farm aid will come from. He’s so *** dumb hasbt figures out even how that all works.

[errolanderson]

Apparently, there is no refining capacity of raw earth minerals outside of China (according to Mountain Pass Material mine in California) . . . . U.S. appears exposed big-time.

https://www.cnbc.com/2019/05/30/if-we-cannot-challenge-china-no-one-can-warns-only-us-rare-earths-mine.html[/URL]

[jazz]

Apparently, there is no refining capacity of raw earth minerals outside of China (according to Mountain Pass Material mine in California) . . . . U.S. appears exposed big-time.

https://www.cnbc.com/2019/05/30/if-we-cannot-challenge-china-no-one-can-warns-only-us-rare-earths-mine.html[/URL]

That's not what they said. They said temporarily the US is at a disadvantage but that mine will eventually be back up to speed and producing again. Its the highest quality REM on the planet.

The US has likely been stockpiling these for yrs. They are a key component in defense. No way they would leave that in that hands of a hostile power.

Big REM reserves Japan, Canada, Australia. Not an issue.

[errolanderson]

60 Minutes (CBS) did a segment on the vulnerability of the U.S. and their dependency on China for rare earth minerals about 6 months ago. In this documentary, they were not so sure about a quick fix in rare earth domestic supply.

[jazz]

60 Minutes (CBS) did a segment on the vulnerability of the U.S. and their dependency on China for rare earth minerals about 6 months ago. In this documentary, they were not so sure about a quick fix in rare earth domestic supply.

China pulled a REM against Japan about 10 yrs ago. I am sure the US was watching that and prepared. US would never leave it self dependent on a communist power who has aspirations of world domination.

[errolanderson]

China now appears setting-the-demands if U.S. wants to end trade war at G-20 meeting in Osaka, Japan.

Truce has been called, but translation is (IMO); this is just the beginning of a prolonged cold war in trade that will continue to slow global GDP growth into 2020.