China is buying up resources wherever they can. In Africa. In South America. In Australia. Where are we buying resources? Mainly nowhere. Where will we have to go to find rare metals and minerals? China probably. Won't that affect our military power? You betcha, especially if we are at war with someone China is allied or sympathetic with.
How could we buy foreign resource assets. One easy way is to give tax breaks to American companies that do so provided that their first priority customer is always the United States or a US customer who will not turn around and export it. Is this a non-capitalist approach? Yes in a way, but we need to watch out for our survival as an independent nation first, and capitalism second. Our military and a lot of commercial manufacturing companies need these materials to keep producing critical and important products.
What resources should we buy? Everything we can as soon as possible, but especially rare earth metals and other minerals we don't have a reliable source for. China is not waiting for us to do something. They are buying anything they can as soon as they can.
Could a country like China black mail us or hold us hostage for resources? Yes, especially since their business is controlled by the Chinese government, not a "free market" which does not really exist.
Call and write your Congressmen about this important issue.
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