[A. Pole]

The U.S. has already sold so much of its asset base that its economic standing on the world stage has been significantly undermined. While this may not be obvious to the American public, it is shockingly clear in figures compiled by the International Monetary Fund. These show that between 1989 and 2000, America’s net foreign liabilities ballooned from $47 billion to $2,187 billion.

Free trade bump.

[bvw]

President Washington considered the risks of outsourcing, and warned against it in his 1796 annual address. (See http://www.freerepublic.com/focus/f-news/1083465/posts?page=8#8)

[stylin19a]

The dollar is lately being propped by japan.

-Japan is on an unprecedented spending spree, all focused on the same product: the U.S. dollar.

Tokyo bought an astounding $172 billion last year to keep the yen from strengthening too much against the greenback. The push accelerated in January, when Japan snapped up another $67 billion.

Japan's economy is starting to stabilize...but how long can they keep buying the dollar ?

[neutrino]

Powerful article. Thanks for the ping.

I think we're in deep trouble...this article does nothing to reduce my concern. When will the free-traders start thinking instead of spouting slogans?

[Clintonfatigued]

Corporate America is so funnel-visioned towards short-term personal gain that they unaware that they are selling out America. Foreign debt on this scale can destroy national sovereignty and put us at the mercy of multi-national congolmerates.

[Happy2BMe]

You would be absolutely stunned to find out how much real property and business countries such as Saudi Arabia and Japan own in the United States.

Now, even China is getting in on the act.

[XBob]

6 - thanks for the ping. Wow - Its worse than I thought.