Red Alert: How China's Growing Prosperity Threatens the American Way of Life

Overview

Did you know that....

o China is quietly purchasing and squirreling away vast amounts of the earth's remaining oil?

o That the Chinese are a huge major player on Wall Street and control billions in American investments?

o That while the rest of the world has been fighting wars in Iraq and Afghanistan, the Chinese have been focusing its substantial muscle on upgrading their ...

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Red Alert: How China's Growing Prosperity Threatens the American Way of Life

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Overview

Did you know that....

o China is quietly purchasing and squirreling away vast amounts of the earth's remaining oil?

o That the Chinese are a huge major player on Wall Street and control billions in American investments?

o That while the rest of the world has been fighting wars in Iraq and Afghanistan, the Chinese have been focusing its substantial muscle on upgrading their nation's inner-structure and industrial strength?

o That the Chinese control most of the world's rare earth resources, all of which are essential for cell phones, computers, electronic devices, etc.?

And this is just the beginning. RED ALERT will be a most provocative and, in truth, a scary examination about the growing political, economic, and social power of China and the threat that nation poses to the Western world.

Peppered with the startling statistics, insights, and evidence of how China continues to expand its economic reach, RED ALERT is meant to be both controversial and powerful in its scope.

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Editorial Reviews

Publishers Weekly
The U.S. was galvanized by the terrorist attacks of September 11, but according to economist Leeb, what we should have been worrying about was the contemporaneous emergence of China's enormous impact on commodity conservation and use. By 2012, the Chinese will hold a leading position in every aspect of renewable energy. Leeb argues that we as a nation are not paying enough attention to the threat of China's growing influence; he paints a picture of our government as fundamentally scattered and shortsighted, though his ire isn't aimed at any particular administration. Our political and economic systems don't lend themselves to tackling major problems until they reach crisis proportions, whereas the Chinese are relentlessly long-term thinkers (furthermore, their leaders don't have to answer to a fickle electorate). While we have no plan as to how to secure or develop our resources, China does, and its drive for growth means that its leaders will leave carbon reduction (and other initiatives) to the free market. Though he does touch upon the potential problems China will face, his main purpose is to provoke Americans to wake up to a situation that threatens to destroy our economy and our environment. Terse, well-reasoned, and comprehensive, this is a much-needed shot in the arm for American complacency. (Oct.)
Caroline Geck
Economist Leeb Game Over: How You Can Prosper in a Shattered Economy argues that while U.S. officials and politicians engage in short-term myopic planning, endless legal maneuvering, scandals, and wartime investing that are crippling American economic viability, China's government is run by visionary scholars with backgrounds in such fields as chemistry and engineering who are carefully analyzing the long-term, big picture. China is gaining ground as a superpower and attaining competitive advantage over other countries, especially the United States, by using its profits to invest in and control mineral commodities such as coal, oil, zinc, silver, and gold. These resources are becoming scarce, and the author argues that access to them will determine the standard of living for future generations. According to Leeb, the Chinese government recognizes the importance of these resources to key industries such as renewable energy and electronics and views the ability to accumulate them as proof of the country's strength. He also discusses the global demand and supply of key resources such as water. VERDICT Because it is useful for understanding current world politics and finances, this book is recommended for all adult readers.
Library Journal
Economist Leeb (Game Over: How You Can Prosper in a Shattered Economy) argues that while U.S. officials and politicians engage in short-term myopic planning, endless legal maneuvering, scandals, and wartime investing that are crippling American economic viability, China's government is run by visionary scholars with backgrounds in such fields as chemistry and engineering who are carefully analyzing the long-term, big picture. China is gaining ground as a superpower and attaining competitive advantage over other countries, especially the United States, by using its profits to invest in and control mineral commodities such as coal, oil, zinc, silver, and gold. These resources are becoming scarce, and the author argues that access to them will determine the standard of living for future generations. According to Leeb, the Chinese government recognizes the importance of these resources to key industries such as renewable energy and electronics and views the ability to accumulate them as proof of the country's strength. He also discusses the global demand and supply of key resources such as water. VERDICT Because it is useful for understanding current world politics and finances, this book is recommended for all adult readers.—Caroline Geck, MLS, Newark, NJ
From the Publisher
Because it is useful for understanding current world politics and finances, this book is recommended for all adult readers.—Library Journal

The U.S. was galvanized by the terrorist attacks of September 11 , but according to economist Leeb, what we should have been worrying about was the contemporaneous emergence of China's enormous impact on commodity conservation and use. By 2012, the Chinese will hold a leading position in every aspect of renewable energy. Leeb argues that we as a nation are not paying enough attention to the threat of China's growing influence; he paints a picture of our government as fundamentally scattered and shortsighted, though his ire isn't aimed at any particular administration. Our political and economic systems don't lend themselves to tackling major problems until they reach crisis proportions, whereas the Chinese are relentlessly longterm thinkers (furthermore, their leaders don't have to answer to a fickle electorate). While we have no plan as to how to secure or develop our resources, China does, and its drive for growth means that its leaders will leave carbon reduction (and other initiatives) to the free market.
Though he does touch upon the potential problems China will face, his main purpose is to provoke Americans to wake up to a situation that threatens to destroy our economy and our environment. Terse, well-reasoned, and comprehensive, this is a much-needed shot in the arm for American complacency.—Publisher's Weekly

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Product Details

  • ISBN-13: 9780446576239
  • Publisher: Grand Central Publishing
  • Publication date: 10/19/2011
  • Pages: 272
  • Product dimensions: 6.00 (w) x 9.10 (h) x 1.00 (d)

Meet the Author

Regarded as one of the nation's experts on global economic trends, Stephen Leeb has written several bestselling books for us, including THE OIL FACTOR, THE COMING ECONOMIC COLLAPSE, and GAME OVER.
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Table of Contents

Foreword Thomas Kaplan, Chairman, Tigris Financial Group xi

Preface xvii

Chapter 1 The Enlightened Ruler Lays His Plans Well Ahead 1

Chapter 2 China's Environmental Smokescreen 11

Chapter 3 Peak Oil Has Arrived-and Peak Coal Isn't Far Behind 27

Chapter 4 Blind to Copper Realities 49

Chapter 5 Rare Earth Elements Are Getting Rarer-and China Has Them 73

Chapter 6 Other Critical Commodities and China's Global Land Grab 85

Chapter 7 The Rise of Resource Nationalism 101

Chapter 8 Why Dealing with Declining Resources Is Easier for China 117

Chapter 9 The Limits of Western Democracy in Dealing with Critical Problems: Tiananmen Square versus 9/11 137

Chapter 10 Responses to the Financial Crisis of 2008 157

Chapter 11 The Other Critical Metal: Gold 171

Chapter 12 China's Additional Strengths 183

Chapter 13 Potential Pitfalls: China's Infrastructure, Food, and Water 195

Chapter 14 A Message for America from Confucius 211

Index 227

About the Authors 237

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  • Posted April 13, 2012

    This is very much worth reading for all Americans

    America is in a race with China that will go a long way toward determining our future quality of life. Few Americans know that this race is underway.

    World supplies are growing very tight of certain key minerals (sometimes called strategic minerals) that are absolutely vital for the smooth running of a 21st century economy. Names like neodymium, europium, indium and niobium may sound very boring, but you can't run a high-tech economy without them. China has spent years, and a lot of money around the world, getting its hands on every bit of such materials that it can find. China is doing it not just to keep their economy growing, but because, one day, the supply will run out, and they want to be in the driver's seat.

    For a number of other, equally important, minerals, of which America imports all of its supply, the world's biggest supplier is China. The American attitude is that technology will save the day. How is that going to happen if China decides that some vital mineral will be much less available?

    Estimates put the cost of the wars in Iraq and Afghanistan at nearly $3 trillion. Even a portion of that money would have been much better spent on renewable energy, especially solar energy. China is the world leader in making solar panels, and their lead widens every day. How can America have any hope of catching up when federal investments are in the hundreds of millions of dollars (at the most), and China's investments are in the billions of dollars?

    Everyone has seen pictures of acres and acres of electronic equipment dumped all over China. The methods to extract the metals inside may be low-tech and toxic, but even a small amount of gold, for instance, per monitor, multiplied by millions of monitors, is a substantial amount of gold that China can use elsewhere.

    America can not depend on new sources of oil to power its economy, because the authors assert that "peak oil" has arrived. It is the point at which the era of "easy" oil extraction has ended, and any new discoveries will be harder and harder to extract ("Drill, baby, drill" is simplistic, at best).

    This is a fascinating and very important book. It is very much worth reading for all Americans, and especially for all members of Congress.

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