'Whatever Yellen’s mission is today, whether it be deepening, stabilizing, or de-risking, she is destined to fail. In my view, that failure would be a very good thing.' -Bryan Dean Wright
around 60% of the global supply of germanium and around 80% of its gallium. Both minerals are critical for a range of electronic devices, military gear, and green energy components like solar panels.Revenge, Beijing says. Western nations have restricted China’s access to advanced computer chips that Washington and its friends fear would be used to develop the People's Liberation Army's military capabilities. China views its mineral exports as a way to retaliate in trade terms.
We shouldn’t. Unfortunately, U.S. bureaucrats and their boss at the White House continue to insist that we should. In fact, they’ve coined a new phrase to describe their China economic strategy:"De-risking." What does that mean? No one really knows. But whatever it means, you’d think that de-risking would at least remove China from our supply chain of rare earth metals. It hasn't happened. And the Chinese aren’t buying the new de-risking phraseology. They see it as de-coupling — or the severing of China and its economy from the Western world. They’re not in favor, as you’d expect. They quite like their leverage.global trade, leaving the U.S. in the dust in many locales.
We did it with the Soviets. We did it with Nazi Germany. And it is high time we do it with the Chinese Communists too. Bryan Dean Wright is a former CIA Operations Officer and current host of The Wright Report daily news podcast.
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