by
William McCullough
“All business sagacity reduces itself in the last analysis to judicious use of sabotage.”
Thorstein Veblen
Feeding time
Beijing is using its accumulation of billions of American dollars to step up its investments around the globe. In the last year, Chinese acquisitions in the U.S. have ranged from a relatively obscure theater in Branson, Mo., to stakes in such famous brands as Coca-Cola and Johnson & Johnson.
China’s huge stockpile of dollars stems in part from Americans’ enormous purchases of relatively inexpensive Chinese manufactured goods and the significantly smaller volume of U.S. exports to the Asian country. By recycling much of its dollar trove over the years back to the United States with the purchase of U.S. government debt, China has in effect helped Washington finance its deficits.
Now, Beijing is branching out. The country’s direct investments overseas rose 6.5% in 2009 to $43.3 billion — despite a global slump in such investments — and could jump to $60 billion this year, Chinese state media reported last week. Formal estimates of Chinese investments in the U.S. last year, excluding bond purchases, range from $3.9 billion — a figure put out by New York research firm Dealogic — to $6.4 billion, a number that comes from Derek Scissors, a Heritage Foundation research fellow who tracks China’s global transactions.
Even at their increased level, Chinese investments last year in U.S. companies and property used up only a speck of Beijing’s foreign reserves — and, according to Dealogic, accounted for just 3% of total foreign investments made in the U.S. last year. Although the injections of cash from overseas are welcomed by many U.S. companies and communities, the step-up in Chinese purchases comes against a backdrop of rising tensions between Washington and Beijing. http://www.latimes.com/business/la-fi-china-invest4-2010mar04,0,4637026.story
It is never too late to say “we told you so!” Conservatives and Libertarians have been on the mark in the many warnings regarding our borrowing money from China. Barack Obama and his handlers in the Fed along with a whole host of other financiers, have intentionally led us down this road to ruin by borrowing from China.
Financial minds more astute than mine may accuse me of simplifying the agenda of the international financiers. But in that I am representative of “every man,” all those “every men and women” understand that simple explanation well enough to come to their own conclusion that, we are being raped and pillaged by the Chinese, with the complicity of saboteurs in our own country on a scale that makes Genghis Khan’s depredations look like child’s play.
This did not start with Obama but goes back perhaps to the Nixon administration when it opened up trade between the U.S. and China. The extrapolation resulting in this initial foray into globalism has exacted it price on the American economy slowly in the last 35 years.
The Chinese model for expansion , ( unlike U.S. economic policy, engineered by the Fed and whatever stooges they have helped put in the White House and Congress), is planned decades in advance. Chinese economic policy is designed to weather the occasional setback to achieve what Chairman Mao’s plan called the ”great leap forward,” Mao’s vision for Chinese domination of the west, through economic policy; apparently those set backs are a thing of the past.
Barack Obama, in financing his corpulent social agenda with Chinese money, is in complete denial of his undermining the U.S. the full impact of using China as our personal ATM comes to fruition; we may not have long to wait. Just my opinion.economy. Should all of his agenda be achieved, will be remembered as complicit in the destruction and financial ruin of the U.S., on a scale once thought unimaginable, once the results of his using China as his personal ATM comes to fruition; we may not have long to wait.
