Posted on 08/10/2008 9:04:28 AM PDT by gorush
This is what they call a bail-out. The money we showered on them is now coming back to us. These awful foreigners are buying the properties in order to make money off of them long after their oil reserves run out. But with people with your sort of vision, it’s not at all certain they won’t lose their shirts in the long run.
Foreign investment is a GOOD THING.
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And do you consider the ownership of America’s debt by “foreign investment” a good thing? Who really owns America? And now we want to sell MORE of it to “foreign investment”. And what makes buying America such a great deal? Ah, yes, the value of our currency. And who manages that in reality?
Any country that does not permit foreign investment is run by imbeciles or tyrants.
There is no downside to foreign investment. If the other party doesn’t grant reciprocal rights for foreign investors, they are just missing the boat.
China is run by imbeciles?
Those “imbeciles” are eating our lunch, and replacing America on the world stage.
Our factories. Our technology. Our national wealth.
All gone.
We are the ones, missing the boat. We sold it.
The irony...
We played a big part in making these people wealthy beyond belief and now with their oil wealth they are buying up our Country.
Maybe Obama wasn't so stupid after all about campaigning in the Middle East and Europe...
“Ownership of America” ?
No, its ownership of properties in America. America has huge amounts of property, the gross value of everything potentially for sale in the US is incredible, 50X or better total global GDP. Foreign investment at any scale is a teeny slice of the net worth of “America”.
This is not some banana republic where the sole significant industry can be purchased by a single foreign owner.
What makes America such a good deal ? Do you have to ask ? This is the worlds most dynamic economy AND the ultimate destination of “capital flight” - where you want to hide your wealth ultimately, because if the US goes down, the state of everywhere else would certainly be worse. America is the backstop investment.
Go have a cold Budweiser.
Digging for diamonds wont lower the price of diamonds so, despite the fact that you have diamonds on your property, you shouldnt dig them out. Instead, when diamonds are at an all time high, buy your diamonds from a foreign source. Export as much money as humanly possible so foreign
entities can buy up US landmarks like the Chrysler Building (and the mortgage on your house by bailing out the banks and foreclosed property and struggling businesses).
While you are busy exporting trillions to buy diamonds, work hard to make diamonds obsolete thru new technology. That way, all the potential trillions you have in diamonds of your own eventually becomes worthless as you let them rot in the ground.
And, last time I checked, they can’t move any of this land from its current location. With the Supreme’s Eminent Domain ruling, they can’t even be assured that they get to keep it. If the local government decides that it would be better used for low cost housing....
China absorbs huge amounts of foreign investment, in spite of political risks. “Our factories” are in there because we, the Japanese, Taiwanese and the Euros PAID to put them in there. That is foreign investment. This has been the main driver of the Chinese economy.
Where do you get your information ? You really need to study this matter.
Our factories. Our technology. Our national wealth. ,p>All gone.
And for all that, we should place the blame firmly where it belongs - Washington, DC. For every closed factory, and every job moved overseas, we can find pile of regulations and laws, originating from the federal government, that caused that. From excessive environmentalism to overbearing safety rules to excessive labor laws to ridiculous accounting complexity and requirements, to excessive and selective taxes - there's plenty of reasons from which to choose.
This is "NOT" free trade. Politicians have hamstrung the American people and refuse to let them use and trade their own natural resources, AKA oil, NG, etc. As a result we have given "TRILLIONS" of American dollars in the form of IOU's to foreigners for use of their natural resources. Now they will use those IOU's to buy whatever the hell they want at bargain basements prices.
BTW, did I mention that the politicians that are responsible for this should at a minimum, be given long prison sentences.
“China absorbs huge amounts of foreign investment, in spite of political risks.”
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China does nothing of the sort.
China permits foreign money to rent Chinese labor, for a period of 10 years, in return for giving China the factory.
The banks will not turn up their noses at these deals. Sixty cents on the dollar will have them salivating. Do you think Bank of America gives a damn who owns American soil? In addition to compliance with local zoning regs, when the bank owns the home (which is what an REO is) the bank is required to cover every expense attendant thereto, including property taxes, insurance and maintenance. This is a done deal. This is economic warfare at the community level. There are statutes which forbid the ownership of critical assets and infrastructure in the U.S. by foreign nationals. Congress must extend that definition, in a time of war, to include residential communities. But I don’t see this happening. The sovereign funds are not stupid. They would not be intent on this if they didn’t already know the demoralization of U.S. society, the greediness of our banking institutions, the ineptness of our regulatory apparatus, and the gutlessness of our government would permit it to succeed. Don’t expect a Congressional hearing. If you are conflicted about illegals accessing taxpayer funded social services, they will now also qualify for mideast-funded homes. When you have a foreign entity worth $650 billion trying to socially and economically destabilize your country, you can’t just call Jack Bauer. Do you think maybe Pelosi will lead the charge?
“China permits foreign money to rent Chinese labor, for a period of 10 years, in return for giving China the factory.”
Where did you get this silly idea ?
“China permits foreign money to rent Chinese labor, for a period of 10 years, in return for giving China the factory.”
Where did you get this silly idea ?
Nothing silly about that.
That is PRECISELY what is happening.
Some buyout money, run by (whomever?) buys an American company.
Fires the Americans.
Unbolts the machinery, puts it on a ship for China.
Trains Chinese workers. Who then make the widgets which were formerly made by (now unemployed Americans), in a factory now *OWNED* by the Peoples Republic of China.
And sends them back to us. On Chinese ships.
We are so being schmucks, it defies description.
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