September 16, 2011

China Corners Almost Total Control of Rare Earth Industry

By Keith Brock
September 16, 2011

You think light bulbs have gone up in price (37% so far this year), the little spiral ones that you are required to purhas because the Fed Gov decided you should not have tungsten anymore? Guess what! You are going to bleed to buy those light bulbs in the future - bleed cash to the Chinese by design!

"General Electric, facing complaints in the United States about rising prices for its compact fluorescent bulbs, recently noted in a statement that if the rate of inflation over the last 12 months on the rare earth element europium oxide had been applied to a $2 cup of coffee, that coffee would now cost $24.55."

Full Article - well worth reading - here!

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