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China recently jacked up the prices of rare earth metals, doubling the price over night.... they didn't run out, they didn't get more buyers, they didn't stop mining for it, so why did they do it? Well, rare metals is one of the Countries largest exports... so they - ie: the Gov, forced business to jack up the prices, with the idea of hording it, and what's it doing? Sky rocketing the GDP making them look bigger than they really are.
What they doing is making China be on our playing field, labor wise, but they don't have the social economy to support that, so it will fail. As this continues though, it will make it so China isn't 'cheap' enough to do business with anymore, thus moving our extended economy from them to someone else.
I buy products from China, by the 1000's per time... we canceled our last order when they doubled our prices. We found a nice Texas company that was 1 cent more per unit than what we were originally being charged.
As China grows, it will grow out of America's Pockets as well....
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