Congo: America Gives China A Mineral Monopoly

http://www.strategypage.com/qnd/congo/articles/20110829.aspx

America Gives China A Mineral Monopoly

From the page: “August 16, 2011: Complaints from the Congo are growing about the U.S. legislation intended to stop illegal mineral sales. The Dodd-Frank bill (also called the Obama Law) has a clause that prohibits the sale of so-called conflict minerals may have been well-intentioned but it was not well-thought out. Rather than run the risk of buying any minerals that might have been smuggled from the Congo, many major mining companies are simply refusing to buy minerals from central Africa. The result is a de facto embargo. There are few buyers for Congo’s valuable minerals, especially tantalum and tungsten which have many hi-tech uses. This has damaged the Congo’s economy, because the nation relies on mineral exports. According to some sources, China, which does not have to meet Dodd-Frank standards, is snapping up many minerals at very cheap prices.”

………….
The Democratic Party is the antithesis of Mensa, and Barney Frank and Chris Dodd the symbols of the hubris of idiocy. So many of our present economic woes can be traced back to them – even the Congo can trace theirs, in part, back to them, too.

Advertisements
This entry was posted in stumbleupon. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s