- Gold SKYROCKETED during Trump’s first term and is poised to do it again. Find out how Genesis Precious Metals can help you secure your retirement with a proper self-directed IRA backed by physical precious metals.
President Joe Biden greets President of the People’s Republic of China Xi Jinping, Wednesday, November 15, 2023, at the Filoli Estate in Woodside, California. Flickr/Official White House Photo by Carlos Fyfe
Democrats’ sprawling green energy agenda is making the U.S. reliant on raw materials that China dominates, putting the U.S. at a tactical and economic disadvantage, according to a report published Thursday by the Heritage Foundation.
The Biden-Harris administration has spent huge amounts of taxpayer money and regulated aggressively to transition the U.S. away from fossil fuels and instead adopt green energy as the primary power source for the economy, a strategy that plays to China’s advantage given its dominant position in the supply chains for raw minerals and materials needed to produce wind turbines, solar panels and electric vehicles (EV), the Heritage Foundation report states. The report advises policymakers to harness America’s vast domestic mineral and fossil fuel reserves to keep energy costs down at home and supply cheap energy for American allies while promptly adjusting course away from growing dependence on China.
“By leveraging mechanisms within the WTO [World Trade Organization], stealing or co-opting [intellectual property] from foreign companies, and buying out foreign companies with government guidance funds, China has succeeded in dominating the world’s supply chains in green energy products and components,” the report, which was authored by Diana Furchtgott-Roth and Miles Pollard of the Heritage Foundation, reads. “If America continues to require the use of these green energy products, it will cede economic power to China, giving China control of American energy security.” […]
— Read More: dailycallernewsfoundation.org
