The Real China Threat -- Stephen Leeb, TimeChina continues to snatch up precious natural resources while they're still available. Will the U.S. step up before it's too late?
Ordinary Americans and policymakers in Washington have plenty to worry about these days: unemployment, housing, deficits and debt, not to mention terrorism, wars and myriad foreign crises.
But there’s another looming issue that actually trumps those. It’s China’s push — while the U.S. sits on the sidelines — to amass the lion’s share of natural resources such as copper, silver and rare-earth elements, which are essential to renewable energies and are becoming scarcer and more expensive.
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My Comment: Stepheen Leeb believes that pursuing alternative energies will be the lever that will position the U.S. to offset China's rise .... I am saying that it will not. Our problems are far worse than that .... and thinking that windmills and solar panels will solve them .... hmmmm .... nope.