Posted on 03/17/2009 10:46:11 PM PDT by Sequoyah101
The deals have allowed China to lock up supplies of oil, minerals, metals and other strategic natural resources it needs to continue to fuel its growth. The sheer scope of the agreements marks a shift in global finance, roiling energy markets and feeding worries about the future availability and prices of those commodities in other countries that compete for them, including the United States.
(Excerpt) Read more at washingtonpost.com ...
“Like a hoard of locusts and smart ants the Chicoms are buying up assets on the cheap while we borrow money and fall apart.”
They are merely copying what the USA did in the 20th century.
Ants more than locusts, to my mind. “Consider her ways, and be wise.”
And so why did we stop?
And what was wrong with it?
If you play at all you play to win. If you fight, win.
Only two ways to go...up or down and if you aren’t going up you will be going down.
Wonder if they are paying in dollars?
The best guess we can make today is that the US federal govt defiit in this fiscal year will be about 12% of GDP. That is completely unsustainable, and will almost certainly lead to the collapse of the dollar.
Peter Schiff has been warning everyone who will listen that the US is following the same road as Zimbabwe.
China is buying resource gems at today’s low prices.
USA is buying bank cr*p at highly overvalued prices.
Who is the smart buyer?
Who is the idiot?
Well, the Chinese apparantly learn from their mistakes and those of other, we don’t.
“And so why did we stop?”
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We stopped, because the people who should have been looking out for our national interests, put their own interests before America’s.
In the name of “free trade”.
That’s why we stopped. We were sold.
By the people whose job it was, to protect us.
“Like a hoard of locusts and smart ants the Chicoms are buying up assets on the cheap while we borrow money and fall apart.”
I’d say that pretty much sums up what the Chicoms have been doing for the last 25 years. Meanwhile, we make it more difficult to obtain natural resources and energy sources. We continue to borrow money from them, and send it right back to China with cheap imports, and we are still on the hook for the money we borrowed. What a deal for the Chinese.
The liberals in this country have a death wish. Unfortunately, it includes intelligent folks like ourselves in that wish.
China had $52.1 billion in acquisitions and mergers in 2008 and to paraphrase the article, if the current trend continues they will have double that in 2009.
From further in the article:
By comparison, the United States had $186.2 billion in outbound mergers and acquisitions in 2008 and Japan had $74.3 billion.
While the trend is worrisome, China's growth could plateau or even decline due to unforeseen events.
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