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lapfog_1

(31,144 posts)
3. not a "trust fund"
Thu Apr 24, 2025, 02:37 PM
Apr 2025

but a claim that the land "locked up" by either BLM, national parks, etc holds an estimated $150 T of minerals and coal that are currently "excluded" from development by those nasty environmentalists and anti-coal mining / burning people. Trump will remove the restrictions on the environmental consideration and some big mining and coal extraction companies are poised to take advantage of this and make piles of money ( the Jim Richards thing ) will be happy to tell you the names of these 5 companies if you only subscribe to his newsletter.

Little bit of there. OK a whole lot of

Nobody wants the coal... it is becoming less and less competitive compared to other energy sources.
Minerals... we do need some rare earth minerals, but we were getting what we need from China and Africa. One of the reasons China and Russia are doing so much meddling in Africa is the mining going on... Russia with arms and private armies to help local dictators and war lords to rule the people, and China with funding and imported Chinese workers to do the extraction.

Now we are looking to Greenland to replace China as a source for rare earth minerals. Good luck mining there, Strip mines are almost impossible in Greenland... and even underground mining is very difficult because of a lack of infrastructure and people.

In any event, this $150T "trust fund" is a load of bullshit.

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