A newspaper is a device for making the ignorant more ignorant and the crazy crazier.
H. L. Mencken
We will not here pile on to the current avalanche precipitated by political news proving Mencken’s point. Instead, let’s do Science!
I’d never heard of these folks before, just saw the headline and had to take it on. This is who they say they are:
The Western Journal is a news company that drives positive cultural change by equipping readers with truth. Every day, WesternJournal.com publishes conservative, libertarian, free market and pro-family writers and broadcasters.As Americans — and indeed, readers around the world — continue to lose trust in traditional newspapers and broadcast networks and their claims of objectivity and impartiality, The Western Journal is rapidly filling the gap as a trusted source of news and information. The Western Journal is staffed by an experienced team of editors, journalists and media experts who both recognize the stories that matter to everyday readers and provide a truthful and unfiltered view of current events.
NASA has officially set a date for a trip to an asteroid that is so valuable it could collapse the world’s economy.The mission is set to launch in the summer of 2022, and is planned to arrive at the main asteroid belt where the asteroid is located in the year 2026.The asteroid named “16 Psyche” measures about 130 miles in diameter and is made entirely of nickel and iron.Psyche is worth approximately $10,000 quadrillion, according to Daily Star.To put that in perspective, the world’s economy is currently worth $73.7 trillion dollars.
And so on. So: NASA is somehow going to ‘retrieve’ a 130 mile diameter chunk of nickle and iron from the asteroid belt, which, last I checked, is over a hundred million miles away at the closest. This chunk of nickle and iron is worth the staggering sum of $10,000 quadrillion, which is, let’s see, pulling out the calculator here, A LOT!!!

I recently watched a little video about traditional African iron smelting. The team made the video to capture the techniques before the last people who knew how to smelt iron from ore died off. They mention in passing that about 60 years ago, a ship was driven aground and abandoned on the shore, and the Africans, being not stupid, started right in stripping the wreck and stopped smelting their own iron. Then, Japanese and Chinese showed up, and would sell them all the iron they could use. So, rather than draft the entire village to work their behinds off digging and hauling ore, chopping down a small forest for charcoal, hauling clay and water to build a furnace, then burning, pounding, fanning and sweating for hours on end all to get enough iron to make a couple hoes, hoes they could swap a piglet for – they stopped. Economics and all that.
Iron and nickel are quite valuable – when you have to make them yourself. Thanks to the miracle of the free market system, you don’t. You just buy them from companies that, through applied science and a couple centuries of effort, are willing to sell you nickel for under $5 a pound and iron for much less than that.But if you take those numbers, apply them to however much iron and nickel you calculate a 130 mile diameter sphere would hold, and – WOW! One *million* dollars! Or, it might as well be, given how well readers of the Western Journal (including me) are able to imagine $10,000,000,000,000.
Let us assume – dangerous, I know – that somehow NASA retrieves this asteroid so that the there’s so much nickel and iron on earth that it is effectively all but free. This will destroy the economy – how? Like how gravel pits have destroyed the economy? You know that virtually all you’re paying for when you buy gravel is the equipment and manpower needed to get it out of the ground, sorted and delivered. The rock ain’t worth much.
Unless all my money was in mineral rights to iron and nickel mines, I fail to see how this could possibly be a bad thing.The remainder of the article is untethered speculation, some by NASA scientists, among which are the idea that you could corner markets or solve all the world’s metal needs for ever. You need to squint a bit and cock your head just right to get anything like the click-bait headline out of it.Followed some of the links in the article to other equally confidence-inspiring sources, until the interesting stuff came up: it is not assumed that this asteroid is only iron and nickel, but rather that, as a possible planetary core (mentioned without comment in the Western Journal article) it would be rich in rare and valuable metals. That’s the interest: getting stuff that’s really rare and valuable on earth. What exactly ‘retrieve’ means wasn’t spelled out, but one would assume samples, if anything.
This introduction to the Western Journal has made it a trusted source for goofball click bait headlines. Science, not so much.






