Revelations 6:3-4 “when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.
Important Takeaways:
- A TRADE war is brewing between the United States and China over rare earth elements, a key component in making a wide variety of high-technology products like computer memory, rechargeable batteries, and flat-screen monitors and televisions.
- China is reportedly considering suspending the export of “certain rare-earth magnet technology.” Such a move could have a deep impact since China has the world’s biggest reserves of rare earths.
- Shutting down rare earth exports is China’s way of getting back at the US for earlier restricting exports of advanced computer chips.
- Rare earth magnets are used in motors for electric vehicles (EVs) and other products such as wind turbines, cruise missiles and smartphones.
- There are an estimated 120 million tons of rare earth deposits worldwide, and the bulk of 44 million tons is in China.
- Refining rare earths, however, is a tedious, toxic process. It creates a dangerous cocktail of wastewater, heavy metals and substances such as cadmium, lead and radioactive thorium.
- China, however, is way ahead of the pack in scouring the seas for rare earths.
- That pretty much explains China’s compulsion for claiming practically all of the South China Sea as its territory.
- The potential mother lode of precious metals beneath the disputed waters could also explain the US’ determination to keep China’s aggressive moves in the region in check
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