Saturday, January 30, 2010
I Can't Buy What?!?
The US is the world's largest arms dealer. We recently announced a $6.4 billion arms sales to Taiwan. It seems to have pissed off the Chinese. Is that a problem? Besides the Chinese hold much of our debt, it could be a problem for the US military.
It seems that China is the only place where we can get permanent magnets is critical to enabling control of aircraft and more specifically cruise missiles guidance systems as well as the Joint Direct Attack Munition or JDAM bomb.
How about that! Foreign interests are the only people we can buy a critical component for the control of our aircraft and some of our most sophisticated weapons.
Maybe we have taken free trade globalization a little too far?