Wednesday, January 16, 2008

U.S.- Style Democracy & Banks Need Foreign Money And Help To Survive

Why are some pundits so upset about Citigroup, Merrill Lynch and other major financial instutions giving up significant ownership stakes in exchange for desperately needed cash infusions from China, Saudi Arabia, Singapore and other foreign countries?

Would the pundits rather these countries refuse to help? The pundits say it's a matter of principle. Gee then wht's the principle that allows app. 12 million illegals to live in the U.S. in a relatively pampered state of care including allowing some to vote? America prints money like Disney's Sorcerer's Apprentice to underwrite it's false " all are equal" philosophy. So multinationals need China's cheap labor to prosper and pay taxes so our government can support a welfare system for the " equals"who are chronically unemployed or under employed.

If we as a country want to get serious about who owns America and who has rights in America then we will have to get serious about rights being tied to performance. NO FREE LUNCH AND THAT INCLUDES CORPORATE WELFARE .

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Monday, December 24, 2007

Political & Financial Influence From Sovereign Wealth Funds

Merrill Lynch is in the news today. It will receive an equity-cash infusion of $6.2 billion from Sinapore's Temasek Holdings. Temasek is a sovereign wealth fund. That is defined as a fund which is managed by a foreign country. Merrill's transaction follows other recent investments from China, Dubai, Saudi Arabia and Abu Dhabi into equity investments of other ailing, cash-strapped institutions.

Gee, where's Israel when you need her? I guess Israel's game is to only take cash and give the finger in return. But with real money coming from other countries to prop up our financial errors it will naturally follow that Israel's power in our government will be challenged by these same foreign countries on other issues including the middle east. It's about time.

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