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The purchase of assets by the Chinese has been going on for some time now. An article in the WSJ on Feb. 10 indicates that the Chinese are now using the OPEC cartel model to control the manufacture and pricing of products such as Vitamin C, acetominophen, and magnesite throughout the world.
The WSJ reported the following: "Chinese manufacturers currently supply more than 85% of the vitamin C used in the U.S. Just like the oil cartel, they can heavily influence world prices. After a 2001 agreement among China's four largest producers, spot prices for vitamin C rose to as high as $9 a kilogram from lows of less than $3."
Chinese companies have the full power and authority of their government behind them. They are working together to control worldwide markets for commodities and manufactured goods. US companies are prohibited by law from working together to counter this strategy. The US government could care less. Our leaders are tools of big money and obviously don't care about the future of our country.
