World's greed for Rare Earth: US steps into Greenland, Venezuela & Ukraine

Attempts to grab Greenland, Ukraine & Venezuela are examples of modern-day colonialism.

- Buroshiva Dasgupta

The US President Donald Trump's aggressive expansionism is based on the world’s search for ‘rare earth’, an essential ingredient of modern technology in defense and the AI sector.

Political doublespeak is nowhere more evident than in today’s geopolitical situations. The US airforce plane lifted the president and his wife of Venezuela from their residence at the stealth of midnight on charges illegal narcotic deals and imprisoned them in Washington. The US has always been attracted to world’s largest oil reserves of Venezuela (303 billion barrels which is greater than Saudi Arabia’s 267 billion) but none of the predecessors of Trump could cross the limit which Trump did. Added to these natural reserves of oil, are Orinoco Mining Arc and Cerro Impacto which are the two rare earth concentrates in Venezuela, valued at hundreds of billions of dollars. So allegations of narcotic trade are just an excuse. The disadvantages of Venezuela are its political instability and lack of modem day technology to extract, at global competitive rates, its huge oil reserves and critical minerals.