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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
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China Cuts Off World's Rare Earth Metal Supply (it now controls 97% of total output)

China Cuts Off World's Rare Earth Metal Supply (it now controls 97% of total output) | Countdown to Financial Armageddon | Scoop.it

China only has about 30 percent of the world's rare earth metal deposits, but thanks to clever planning it today controls 97 percent of the world's production of these scarce resources. Deposits of this family of 17 elements -- vital to power electronics found in televisions, smart phones, electric vehicles, and a variety of other devices -- are found in California, Canada, Australia, and Russia, but it will take years to bring them online.

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How long before an American Caligula appears?

How long before an American Caligula appears? | Countdown to Financial Armageddon | Scoop.it

You want to know what lies ahead? Just read the classics…particularly the history of Rome. Empires have roles to play too. They have scripts to follow. They have plots they must respect…and destinies they must fulfill. For example, in the US, it is probably only a matter of time before a weak president is replaced by a strong emperor.

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jda2000's comment, October 7, 2011 6:54 PM
Will you accept a negative integer for an answer?
Nick Laight's comment, October 8, 2011 5:02 AM
Yes, and intrigued how a maths term will be used as a riposte
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Washington Goes to War With China Over Currency Manipulation

Washington Goes to War With China Over Currency Manipulation | Countdown to Financial Armageddon | Scoop.it

After eight years, that campaign is on the verge of a breakthrough, as the Senate appeared ready Thursday to approve a get-tough approach that had stalled numerous times before: a bill to punish China with high tariffs on some exports if it fails to adopt a market-driven exchange rate.

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Why is Greece Buying 400 Tanks From The US?

Why is Greece Buying 400 Tanks From The US? | Countdown to Financial Armageddon | Scoop.it

Greece has apparently just ordered 400 tanks from the United States. No idea where the money comes from though. And what do they need them for? 

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