Located between Taiwan, China, and Japan (Okinawa) are a group of islands called Senkaku or Diaoyu. These groups of islands are disputed as to their sovereignty between the three nations. Recently a Chinese fishing vessel (Minjinyu 5179) was the area of islands when the vessel came upon two Japanese patrol boats. The Japanese advised the fishing vessel to leave the area. In reply the Chinese fishing vessel taking a cue from Sea Shepherd, rammed one of the Japanese patrol boats, Ishigaki Island.
The Chinese fishing boat captain Zhan Qixiong was taken into Japanese custody in Okinawa, Japan. The commies in Beijing behaved like lunatics (a personality trait indigenous to commies), causing the Japanese authorities to acquiesce by releasing the Chinese fishing boat captain and sent back to commie land, China, The Middle Kingdom.
Still behaving like lunatics the commies in Beijing demanded reparations and an apology. Japan basically told them to get lost. Now China’s commies enacted an embargo on Japan refusing to export Rare Earth Elements (REE) to Japan. Rare Earth Elements are used for technological devices such as cellphones, wind turbines, loud speakers, guided missiles, etc. China mines about 97% of the world’s REE, thus giving them an edge in exercising their economic might to bully other nations.
Recently the commies announced the same REE embargo against the United States of America – USA. Some background into Rare Earth Element mining: Most of the world’s supply of these minerals came from a mine in the United States in California. South of the Clark Mountain range in Southern California is a mine: Mountain Pass Rare Earth Mine. In the 1990’s when the Democrats Bill and Hillary Clinton were soiling The White House, they permitted the commies from China to export into the USA Rare Earth Elements below market prices after being mined by near-slave labor conditions in commie-led China.
Remember, it was Bill and Hillary who accepted illegal campaign contributions from the commie military in China (the Bush administration refused to investigate and prosecute). In addition the environmentalists, who are in reality anti-capitalist, kept harassing this mining operation in the USA. Unable to compete with slave labor and environmentalist harassment, the mine closed in 2002 giving the commies the 97% share of the market.
Good news: Molycorp (stock market symbol: MCP) who currently owns the mine in California is investing $500 million dollars and will be mining in the second half of 2011. In August their stock was under $14.00 a share, on October 19, 2010 the stock closed above $34.00!
To the commies in China: “Thank you” from Japan and the USA! Your lunatic embargo has created an alternate and reliable source for these valuable and much needed minerals. Perhaps someone in China needs to be shipped off to a gulag for this magnificent decision. Better yet, send him or her to the USA so we can thank him or her.
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