Requiem For A Shovel And A Hole

In my last post I said that Europe and the United States are being helped to involuntarily give up their thievery of other peoples' resources, by means of the global collapse in commodity prices.  In saying that, I meant such things as this:

• "A Wave of Bankruptcies About to Hit Coal Industry," Oilprice.com, 12 April 2015
• "Mining Stocks Are Getting Killed As Gold, Metals Plunge," CNN, 27 July 2015
• "Current Financial Distress Of Metals and Mining Sector More Acute Than Oil And Gas Industry According to September ABI Journal," American Bankruptcy Institute, 16 September 2015
• "Ukraine Mining-Metal Sector On Verge Of Bankruptcy," Russia Insider, 24 April 2015
• "Mining and Metals: Weathering The Storm No More," Lexology, 29 October 2015
• "African Minerals, London Mining And The Fall Of Sierra Leone's Iron Ore Sector," SteelFirst, 10 March 2015
• "Nathan Tinkler Declared Bankrupt, But Claims He Can Pay," Australian Mining, 10 February 2016
• "China Economist Warns Major Miners May Collapse in 2016," Australian Broadcasting Company, 17 December 2015
• "Why Bankruptcy Might Be The Mining Industry's Last Best Hope," Bloomberg, 2 December 2015

There is much more where that came from, but I'm sure you get the point.  Robbing other nations of their resources is becoming a losing proposition economically - especially for "producers" of most metals.