From Globalization to Resource Nationalism

In Case You Missed it…The world is moving from globalization into resource nationalism.

Critical minerals are the new oil.

And China controls too much of the supply chain.

As a result, the United States must rebuild access to strategic rare earth materials.

Cue Up:  Tungsten in Kazakhstan

 What?  And Where?

 

 

Ironically (or NOT) Kazakhstan is one of the multiple …stan countries wedged in between Iran, Russia, and the Caspian Sea.

But unlike Gold or Silver, tungsten is not some luxury commodity.

It is used in missile warheads, fighter aircraft, semiconductors, and defense technology.

And Kazakhstan has one of the largest undeveloped tungsten deposits in the world.

Surprised?

Currently America is now chasing critical minerals deals (like the one with Kazakhstan) because Washington finally realized that outsourcing everything to China was national suicide.

So, the Boyz are on a mission to securing deals with nations that have an abundance of rare earth minerals.

Unfortunately, but not surprisingly, the recent agreement struck with Kazakhstan stinks.

Why?

According to India Today, before the Kazakhstan deal was finalized, the Trump administration was prepared to back the project with up to $1.6 billion in federal financing.

And within weeks of negotiations, companies linked to Donald Trump Jr., Eric Trump, and Commerce Secretary Howard Lutnick’s family acquired financial interests in entities connected to the mining project.

Resource Nationalism

 

The New York Times, as reported by India Today, show that Dominari Securities, an investment firm based in Trump Tower and partly owned by Donald Trump Jr. and Eric Trump, joined investors in acquiring a 20% stake in a company tied to the Kazakhstan venture.

Hmmmm!

This is precisely why the loss of confidence in government is rapidly declining.

Think about it.

You are told how every deal is about national security.

But then the same political families and their banksters somehow appear near the money.

The NY Times article also reports that companies connected to the Trump or Lutnick families have financial interests in at least 14 mining ventures pursuing projects backed by the U.S. government, involving more than $8.9 billion in federal financing or regulatory approvals.

Mabey it’s time every taxpayer should ask, who benefits?

Do the math…

If taxpayer financing is involved, if federal approvals are involved, and if the sons of the president or commerce secretary are financially positioned around the deal, the public has every right to demand full transparency.

But do you think we’ll see transparency?

This is another in-your-face-illustration how the resource war has begun, and the political class is circling the spoils like a pack of vultures.

In the meantime, you would do well by looking for rare earth mineral companies…especially ones that mine Tungsten.

Check out our July newsletter to see which ones we like best (HERE).

Share this with a friend…even if they’ve never heard about Tungsten before.  They’ll thank YOU later.

And tell them:

We’re Not Just About Finance

But we use finance to give you hope.

“And you shall know the truth, and the truth shall make you free.”

~John 8:32~