Dangers lurk in America’s overreliance on foreign nations, and often hostile nations, to supply essential resources
In Indonesia, American miners Freeport McMoRan and Newmont are currently facing threats to ownership of their operations. Indonesia is forcing Newmont to sell 51 percent of its gold-mining operation to domestic Indonesian companies.
According to Canadian Business, investors are now increasingly worried about Mongolia and Peru jumping on the resource nationalization bandwagon. Although these countries are not [???] heavyweight mineral exporters, “[w]hat makes investors nervous is the possibility that other countries could follow suit” (May 22).
The sad reality is that America relies on foreign nations for everything from manufactured goods to energy, raw commodities and strategic minerals to providing money to finance its massive fiscal deficits. (…) Unfortunately, many of America’s enemies already realize their power over the U.S.
The Bible speaks of a time when America [???] will be besieged by its enemies. America’s over-reliance on foreigners for essential needs is a sign that time is drawing near. However, there is light at the end of the tunnel—a time when there will no longer be international competition over resources. For more information, refer to The Wonderful World Tomorrow—What It Will Be Like.