Michael Silver, CEO of American Elements and contributor to Big Government, appears on Bloomberg TV (below) to discuss America’s need for a plan to collect and produce rare-earth materials for the manufacture of modern technology, especially the types of alternative energy touted by the Obama administration.
“America has zero production on all the metals that we currently need,” he says. “China, controlling all these materials, is really set to become the Middle East of the 21st century in the sense that they’re going to control alternative energy sources.”
Highlighting the need for rare-earth material in various military technologies, Silver also suggests the creation of a Strategic Metal Reserve.
The segment below, from the Washington Post:
Read Mr. Silver’s previous writings on rare earths here.