The United States has become dependent on foreign nations for critical commodities. These are commodities that the average person is not aware of but nevertheless are incredibly critical. One group of commodities people have talked about are rare earths, but that’s really only one of many in which the U.S. dependency has grown throughout the years.
Before the start of the Great Recession, the United States imported 100 percent of 20 critical commodities. Today that number has grown to 22 commodities. This is really remarkable when you consider how much lower our capital needs are in the context of today’s economy.
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