The Yuan the new reserve currency?

R

redivider

Well-Known Member
NLXSK1 said:
Yes, they have flooded the market and provide 97% of the metals needed.

Where the hype leaves the road is the fact that we have deposits here in the USA, there are large deposits in Canada and other friendly nations.

If they suddenly cut off the spigot tomorrow it would be painful for a while but other countries including the USA could ramp up production to meet demand at some elevated cost.

Some people make it seem as if 97% of the resources are in China and nobody could do anything if they suddenly decided not to supply them anymore.
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you seem to think that mining for these goods is easy as pie. most of the deposits of these metals haven't even been confirmed, takes at least 5-10 years of geological surveys to justify the cost of mining, even the most efficient mining methods (strip mining, which devastates the ecological landscape) carry huge costs... it wouldn't be 'painful'... it could pretty much bankrupt companies like Apple, Research in Motion, HP, among other US and Canada-based electronics companies...
 
NLXSK1

NLXSK1

Well-Known Member
redivider said:
you seem to think that mining for these goods is easy as pie. most of the deposits of these metals haven't even been confirmed, takes at least 5-10 years of geological surveys to justify the cost of mining, even the most efficient mining methods (strip mining, which devastates the ecological landscape) carry huge costs... it wouldn't be 'painful'... it could pretty much bankrupt companies like Apple, Research in Motion, HP, among other US and Canada-based electronics companies...
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Yeah, well they are really cheap from China right now. The only other course of action is to have a company open up like Solyndra and get billions of taxpayer dollars to mine these minerals at a cost so high that there would be no market for them without billions of dollars more from the taxpayers as a subsidy.

So, other than nuking China's reserve I dont really see a viable market solution at this time...

Do you have one?
 
N

NoDrama

Well-Known Member
Strip mining doesn't really do much ecological damage, it might be an eyesore while it is in production but after they have been reclaimed you wouldn't even be able to tell they mined the area.

Pics of Open Pit mines, after reclamation by the mining company.





Not so much damage to the ecology.
 
beardo

beardo

Well-Known Member
NoDrama said:
Strip mining doesn't really do much ecological damage, it might be an eyesore while it is in production but after they have been reclaimed you wouldn't even be able to tell they mined the area.

Pics of Open Pit mines, after reclamation by the mining company.





Not so much damage to the ecology.
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Is this the type of mining China will do in our national parks and forrests and wilderness areas once we are unable to service our debt?
 
UncleBuck

UncleBuck

Well-Known Member
NoDrama said:
Strip mining doesn't really do much ecological damage, it might be an eyesore while it is in production but after they have been reclaimed you wouldn't even be able to tell they mined the area.

Pics of Open Pit mines, after reclamation by the mining company.





Not so much damage to the ecology.
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have you ever seen a picture of a forest land after a forest fire? in enough time, it recovers and looks just fine. using nodrama extrapolation logic, it would be a great idea if we lit all of our forests on fire tomorrow.

i noticed you didn't address some of the other effects of strip mining, such as destruction of ecosystems or infertile tracts of land left by strip mining. not surprising.
 
N

NoDrama

Well-Known Member
UncleBuck said:
have you ever seen a picture of a forest land after a forest fire? in enough time, it recovers and looks just fine. using nodrama extrapolation logic, it would be a great idea if we lit all of our forests on fire tomorrow.

i noticed you didn't address some of the other effects of strip mining, such as destruction of ecosystems or infertile tracts of land left by strip mining. not surprising.
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Extrapolation logic? I never said that Strip mining was good for the environment and I also never said it doesn't do damage. If you want something to extrapolate why not try using it on something I actually said.
 
NLXSK1

NLXSK1

Well-Known Member
redivider said:
you seem to think that mining for these goods is easy as pie. most of the deposits of these metals haven't even been confirmed, takes at least 5-10 years of geological surveys to justify the cost of mining, even the most efficient mining methods (strip mining, which devastates the ecological landscape) carry huge costs... it wouldn't be 'painful'... it could pretty much bankrupt companies like Apple, Research in Motion, HP, among other US and Canada-based electronics companies...
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We know where they are, we already have inactive mines of the stuff in America. It would not be that expensive to return to those spots and start mining immediately. Expensive being relative to the fact that we cannot do it cheaper than China right now so economically it is not feasible.

Again, do you have some sort of solution?
 
beardo

beardo

Well-Known Member
UncleBuck said:
have you ever seen a picture of a forest land after a forest fire? in enough time, it recovers and looks just fine. using nodrama extrapolation logic, it would be a great idea if we lit all of our forests on fire tomorrow.

i noticed you didn't address some of the other effects of strip mining, such as destruction of ecosystems or infertile tracts of land left by strip mining. not surprising.
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Do you think the IMF and the FED and China will begin strip mining in the futurw to collect on debt? Do you tjink they will monopolise all of our clean fresh water
 
NLXSK1

NLXSK1

Well-Known Member
beardo said:
Do you think the IMF and the FED and China will begin strip mining in the futurw to collect on debt? Do you tjink they will monopolise all of our clean fresh water
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The debt is not tied to the land.

Do you think aliens will invade if Ron Paul isnt elected president?
 
beardo

beardo

Well-Known Member
NLXSK1 said:
The debt is not tied to the land.

Do you think aliens will invade if Ron Paul isnt elected president?
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Of cource the park land is tied to the debt as are you - you and the park land are both collatralized to secure the borrowing
 
beardo

beardo

Well-Known Member
beardo said:
Do you think the IMF and the FED and China will begin strip mining in the futurw to collect on debt? Do you tjink they will monopolise all of our clean fresh water
Click to expand...
NLXSK1 said:
The debt is not tied to the land.

Do you think aliens will invade if Ron Paul isnt elected president?
Click to expand...

beardo said:
Of cource the park land is tied to the debt as are you - you and the park land are both collatralized to secure the borrowing
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Anyone????
 
Unnk

Unnk

Well-Known Member
we use to be kings of metal bethlehem steel had the best quality of steel in the world then it switched to quanity to keep up with the economy then eventually sunk

seriously look at who bethlehem steel provided its steel for

my dad and my grandpa worked for them so its kinda close to heart

http://en.wikipedia.org/wiki/Bethlehem_Steel
 
beardo

beardo

Well-Known Member
Anyone think the day will come when we will be forced to mine the national parks for our masters in exchange for food and water?
 
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