Monday, August 24, 2009

Other pieces of the puzzle

China mines over 95 percent of the world’s rare earth minerals, mostly in Inner Mongolia. But a report from China’s Ministry of Industry and Information Technology has called for a TOTAL BAN on foreign shipments of terbium, dysprosium, yttrium, thulium, and lutetium. Other metals such as neodymium, europium, cerium, and lanthanum will be restricted to a combined export quota of 35,000 tonnes a year, far below global needs of those metals.

This happens at the same time as Asian stocks dropped on Tuesday 25th 2009, with China's main index tumbling more than 5%. Analysts say that investors tread cautiously after a series of gains and looked for more signs of economic recovery. Since there never was and never will any recovery, only temporary ups and downs, what they in reality is looking for is signs of certain “stimulated” areas or sure bets. Maybe some will, thanks to all that newly printed money, throw some investments into the fire in pure speculations and keep the scam going for a while yet.

And Dick Bove, a prominent US banking analyst, is issuing warnings. According to him an additional 200 US banks will fail before the recession is over adding to the 80+ already gone out of business. He is, of course, a complete optimist and seemingly only takes into account what can be seen today. Bove also added that US need to rely on bigger and stronger banks to “protect deposits”. Riiiiight…

Finally, media keeps spreading the scam that Germany is out of the depression. Our enemies are gathering...

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