Physics says every action has an equal and opposite reaction. Narendra Modi’s kinetic personality coalesced the Hindu psyche into a national political movement. Organised Hindutva that rose as a monolith from the ugly debris of appeasement and pseudo-market politics created a vacuum to be exploited. The 51-year-old Asaduddin Owaisi, the third generation political dynast of Hyderabad and inheritor of quite-a-mouthful All India Majlis-e-Ittehadul Muslimeen, had been waiting for such a chance.
A national Islamic party is the dream of India’s 195 million Muslims, which Barrister Owaisi from Lincoln’s Inn dreams to realize for himself. Alternate politicians are mutants of the original gene, the reason why Indian politics remains mono-dimensional. They have no alternative agenda except their own religious and/or caste affiliations and identities.
Richard (Rick) Mills
Ahead of the Herd
As a general rule, the most successful man in life is the man who has the best information.
Copper, the most critical metal
[Note: all dollar amounts in USD]
In 2018, before the trade war between the US and China put the boot into to copper demand, and covid-19 mine closures/abandoned expansion plans crimped supply, we made a bold prediction: that copper supply is NOT going to be able to keep up with demand in the long-term. Here’s what we wrote, in The Coming Copper Crunch:
Even with expansions at existing mines and the ramp-up of the relatively few new copper mines like Cobre Panama, Radomiro Tomic and Toquepalain, it will not be enough to meet the onslaught of demand that is coming from China as it continues to modernize and urbanize, and electric vehicles, which use three times as much copper as regular ones. In 2016 Chinese automakers sold 28m cars. If China follows through on its promise to go 100% electric, that would mean 2,380,0