Rare Earth stands to gain control overrnthe entire U.S. market for lanthanides.rnWhen asked if he beheves Molycorp isrnabput to go out of business, Cui responds,rn”I think probably. I think, yeah,rnprobably go out of business.” Cui andrnBaotou Rare Earth are so confident thatrnMolycorp will go under that they have alreadyrnopened up an office in San Francisco.rnCui boasts, “I think in the future,rnmy company will become the most importantrnrare earth company in thernworld.”rnBaotou Rare Earth Company appearsrnto be well on their way to achieving thatrngoal. Together, Molycorp and BaotournRare Earth supply 80 percent of thernworld’s lanthanides. After the armedrngovernment raid, Molycorp’s productionrnfell by 17 percent, the exact amount Baotou’srnproduction rose. When asked ifrnBaotou Rare Earth has to worry aboutrnendangered species laws, Cui laughsrnheartily as he mockingly responds, “Itrnwill be decided by our top management.”rnDespite the government’s heavyhandedrntactics, Molly Brady of the BLMrnstill maintains that the government isrnmotivated by only the purest of intentions.rnBrady insists that “We, the BLM,rnare very interested because we’re arnneighbor. We’re a neighbor and wernwant to make sure that everything is goingrnto be healthy.”rnWhat do the government’s “goodrnneighbor” policies reveal? At the veryrnleast, it would appear that communistrnChina is more business-friendly than thernUnited States. But there are a number ofrnpressing questions that have yet to be answered.rnCould there be a quid pro quornbetween California Democrats Feinsteinrnand Miller and the Chinese government?rnSenator Feinstein’s husband,rnfinancier Richard Blum, has many wellpublicizedrnconnections to Chinese businessrninterests. Moreover, the DemocraticrnNational Committee is knee-deep inrnthe Chinese influence-pedaling scandal.rnThe use of force by our governmentrnagainst its own citizens should not be undertakenrnlightly, and to realize that thisrnforce was administered on behalf of anotherrnspecies, not to defend the rights ofrnfellow citizens, is even more disturbing.rnVosjoli asks, “What degree do you act inrndetriment of your own species in favorrnof other ones?” As communist Chinarnmoves in to fill the void left by Molycorp’srnlayoffs, another question is: Tornwhat degree do we act in detriment ofrnU.S. business interests and national securityrnin favor of communist China?rnMarc Morano is a correspondent for thern”American Investigator” program onrnAmerica’s Voice Television. Kent Washhumrnand Scott Wheeler contributed tornthis report.rnA Global IRS?rnby Cliff KincaidrnThe global economy is out of control,rnand the global brains at thernTreasury Department, the Federal Reserve,rnthe International Monetary Fund,rnand the World Bank are not quite surernwhat to do about it. One prescription beingrnbandied about is a global tax and allrnthe monitoring, rules, and regulationsrnthat would go along with it. In short, arnglobal IRS.rnSound fantastic? Endorsements of arnglobal tax on international currencyrntransactions are becoming rather common.rnOn January 30, as the HousernBanking Committee opened hearingsrnon the Clinton administration’s demandsrnfor more IMF bailout money forrnAsia, the Washington Post declared thatrn”One reason for the wild swings in globalrnfinancial markets —and the need forrnIMF bailouts —may be that it has becomerneasy and costless to exchange onerncurrency for another. James Tobin, thernNobel Prize-winning economist, suggestsrnthrowing some sand in the gears ofrnthis process by imposing a universal taxrnon currency transactions.”rnAt the Banking Committee hearings,rnhowever, Federal Reserve chairmanrnAlan Greenspan —while endorsingrnmore billions for the IMF—opposed anyrn”super-regulator” scheme that would interferernwith the global market. But dependingrnon the impact of the Asian collapse,rnCreenspan may be tempted tornmove in the direction of a global tax.rnOne interim proposal, outlined byrnGreenspan crony and investment advisorrnHenry Kaufman in the Washington Postrn(January 28), is for a “Board of Overseersrnof Major Institutions and Markets” torn”put teeth” into the global economic system.rnThis would work in associationrnwith a “reorganized” IMF and WorldrnBank. How would it be paid for? Kaufmanrndidn’t say.rn”The private sector is ill-suited to allocaterninternational credit,” proclaimedrnbillionaire George Soros in an article inrnLondon’s Financial Times. He proposedrna new International Credit InsurancernCorporation that would charge a smallrnfee on every international bank loan andrnuse the proceeds to finance rescues ofrnbankrupt economies.rnThere is a serious problem here, andrnSoros symbolizes it. Here is a man whornnever made anything in his life, who becamerna billionaire through financialrnspeculation and manipulation, throughrnconnections to the European super-richrnand inside information about the workingsrnof the global capital markets. Andrnperhaps more than any other man, hernsparked the current worldwide economicrncrisis. For economic or political reasonsrn(or a combination of both), Sorosrnwas reportedly the leader of an internationalrnassault on several national currencies,rnincluding that of Malaysia, whose financernminister has accused Soros ofrnbeing part of an international criminalrnconspiracy to destabilize his country.rnMuch of what Soros does internationally,rnthrough such vehicles as hedgernfunds, is not even covered by federal securitiesrnlaws. Through leaks to the press,rnhe has tried to insist that he, too, lostrnmoney when the stock market fell, andrnhe even went on ABC’s Nightline to defendrnhis wheeling and dealing in thernglobal financial markets. But there is nornway to verify his claims.rnRather than support “capitalism” in arnknee-jerk fashion, conservatives have tornrecognize that the “free markets” nowrnoperating on a global level arc indeedrnsubject to political and financial manipulationrnby elites who operate largely inrnthe shadows. The Asian crisis may havernnothing to do with countries mishandlingrntheir economies but everything torndo with attempts to force them into thernglobal system by reconfiguring their domesticrnpolicies for the benefit of outsiderninvestors and speculators. This is not thern”free market” in action. Rather—as thernWashington Post states —these are thernactions of “money changers.”rnOne thing is certain: when currenciesrncollapse and countries can’t pay theirrnbills to international bankers, the IMFrnbails out the bankers and investors—andrnthe American taxpayer picks up the tab.rnThe IMF is a curious and secretive bureaucracyrnrun by Frenchman MichelrnCamdessus, whom the New York Timesrndescribes as a “former” socialist. In 1995,rn40/CHRONlCLESrnrnrn