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Post by blueneck on Jul 22, 2007 19:34:45 GMT -6
Remember the old legends we were taught in school - that the first speculators traded the Indians trinkets and beads for Manhattan?
Well the same thing is going on today in a metaphorical sense, except that the US workers and middle class are the Indians in this story, and the Chinese are the settlers.
The Chinese have traded us some cheap trinkets in the form of shoddy and unsafe products, in exchange for our market and our economic and national security.
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Post by graybeard on Jul 23, 2007 3:04:02 GMT -6
The buyout is just beginning. Commie China is heavily invested in the new Blackstone, and they just bought Hilton for about $18 Billion.
GB
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Post by blueneck on Jul 23, 2007 4:16:42 GMT -6
And Chinese interests are buying into Visteon, the parts arm of Ford
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Post by unlawflcombatnt on Jul 23, 2007 17:06:29 GMT -6
And these so-called "direct foreign investments" aren't true capital investment at all. They're simply transfer of the ownership interests from an American interest to a foreign interest. These "investments" don't lead to any increase in production or productive capacity. They simply result into further overvaluation of the assets purchased, while adding nothing of true value.
This accounts for much of the so-called direct foreign investment the Right-Wing Corporate media propagandists are always crowing about.
This investment does absolutely nothing for the United States as a whole. It simply puts money in the pockets of American investors, while transferring ownership to a foreign interest.
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Post by blueneck on Jul 23, 2007 17:24:07 GMT -6
Yep, our "chiefs" (politicians and business "leaders") have sold us out to the lowest bidders bearing cheap and cheezy gifts.
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