22 Ports not 6 as stated by Goverment...

Man this is just going from bad to worse.

Not only do the goverment want this to go ahead, but read this article and see the sheer depth of territory the port deal will give access to!

www.wnd.com...

The main thing is that this is really opening up Americas borders to potential threats... 9/11 was terrible enough, I never want to see another attack on the US on that scale again, let alone a larger attack...

Whats one more lie?



How anyone can keep up with so many lies its beyond me.

I followed the link above, it said something about DP World "taking over P&O's stevedoring operations in the US". What's 'stevedoring'?

Originally posted by Beachcoma
I followed the link above, it said something about DP World "taking over P&O's stevedoring operations in the US". What's 'stevedoring'?

stevedore

noun:
1. Someone whose job is to load and unload ships; a docker.
verb:
1. To load or unload (a ship or a ship's cargo).
Etymology: 18c: from Spanish estibador, from estibar to pack or stow.


...I am thinking about this passage from the link above:

In reality, DPW is a front-company 100 percent owned by the government of Dubai. The nearly $7 billion in debt financing put together by international bankers to finance the DPW acquisition of P&O was predicated on the A1 Moody's rating of the government of Dubai, plus the assurance that the "full faith and credit" of the government of Dubai would guarantee 100 percent repayment of all loans and interest payments required to debt finance this leveraged acquisition.

Hmmm... leveraged governmental actions based on the "full faith and credit" of a nation. Where have I heard that before?

I think this situation is designed (like a lot of our economic 'gifts' to our allies) to increase UAE's reliance on us. Who are the bankers who set it up? Surely they had something in mind. Was it like the debt financing that John Perkins mentions in Confessions of an Economic Hitman?

Are the UAE being suckered into a deal at the same time as Americans themselves feel like suckers? The plot thickens.

As an aside, I have a friend in Rotterdam (Holland) who works in overseeing shipping containers, and he told me that Rotterdam is one of the few ports worldwide when the cargo containers are simply slapped with a label upon arrival to the US. They don't get opened or inspected or anything. That's how much trust is established between us and the Dutch. I thought his statement was interesting.

Doesn't this sound like both the Americans and the UAE are being pulled along here? One behind a veil of ignorance (Americans), and the other (UAE) behind a veil of future credit designed by the world bankers? When bankers set up all those power plants and modern technology like he talks about in his book, wasn't the banksters' idea to laden these nations with more debt than they could ever pay off, and thereby effectively enslave them?


[edit on 25-2-2006 by smallpeeps]

Thanks, smallpeeps

Well I guess it looks that way. I followed the link to P&O's website to the page on General Stevedoring and it looks like the article is legit. Unless I missed something.

Funny how no one except worldnetdaily, which is normally avoided like the PLAGUE by by many on ATS; and freerepublic, which is refering to the WND article, are reporting this.
I'd like to see another source on this, but could not find any.

I'd also like to know the reason this particular sale came to the surface.
I don't think this purchase will endagner US security.
Did you ever stop and think how much of America is already owned and by whom?


[edit on 25-2-2006 by DontTreadOnMe]

Originally posted by smallpeeps
Who are the bankers who set it up?

I'm not so sure if this link is relevant or not, but following the link the pdf says that the following groups are 'acting as financial advisers and corporate brokers' to P&O:

1. Citigroup Global Markets Limited
   
2. N M Rothschild & Sons Limited
   
3. Morgan Stanley & Co. Limited
   

But then again maybe that link is not relevant. I'm not that well versed in corporate-speak.

Beachcoma that links actually bloody amazing!

Rothschild and sons and Carlye group financers have interwoven business ideals and interests. GWBush sits on the carlye group. This is one sticky web being woven here over this ports deal people.

Heres a very puzzling factor. P & O as seen in this report : investmentideas.co.uk...

The group is finacialy sound and business was growing at 11 / 12 % over the year and was continuing to grow. I cannot for the life of me fathom out why you would sell unless you were either forced to, or an over the top offer was made. Its making less and less sense as it goes on.

Oh Yes indeed.. Now the real people are talking my Language: Check this out Meersk is also part of P&O they were brought at the end of 2005. This makes P&O THE BIGGEST shipper in THE WORLD... Period.

..." Maersk/P&O ...The European Commission has today cleared the merger between AP Moeller-Maersk (Maersk) and Royal P&O Nedlloyd (PONL), the largest merger transaction to ..."
www.nortonrose.com/html_pubs/view.asp?id=1477

Ok now we just need to sit and look whats happend here.

P&O are now the worlds largest shipping company, and have just been sold lock stock and barrell to the UAE. The UAE have gone real real hardcore deep into debt to make this purchase, with the backing of some of the most corrupt groups in finance - The Carlye group and Rostchild corporation. This just happens to employ a large percentage of ex presidents and higher ranking US polititical figures...

This deal stinks to high heavens, and we must ask this : Why did the UAE sell its soul and place itself into so much debt to aquire P&O??

Heres a link that will turn your hair grey when you read it... Carlye group, GW Bush, Bin Laden family...

www.guardian.co.uk...

Oh am peicing it together and am going to take a good few reading the artical you have just posted. To ad to this Dubai Ports also recently purchased ISS (Inchape Shipping Services) That was a British company wgho operates all the Stevenoring and Husbanding service for the US and coalition Forces WORLD-WIDE.. so where would we start with an Audit paper trail??? The Stevenoring company brings and delivers US and Colitation Forces materials to its own Ports on its own Ships!!!! Oh I smell a RAT..

Originally posted by DontTreadOnMe
I'd like to see another source on this, but could not find any.

UAE Terminal Takeover Extends to 21 Ports

UPI Pentagon Correspondent

WASHINGTON, Feb. 24 (UPI) -- A United Arab Emirates government-owned company is poised to take over port terminal operations in 21 American ports, far more than the six widely reported.

The Bush administration has approved the takeover of British-owned Peninsular & Oriental Steam Navigation Co. to DP World, a deal set to go forward March 2 unless Congress intervenes.

P&O is the parent company of P&O Ports North America, which leases terminals for the import and export and loading and unloading and security of cargo in 21 ports, 11 on the East Coast, ranging from Portland, Maine to Miami, Florida, and 10 on the Gulf Coast, from Gulfport, Miss., to Corpus Christi, Texas, according to the company's Web site.

I'd also like to know the reason this particular sale came to the surface.

I would, too. It bothers me that THIS deal is so public while others have gone on behind the scenes all along.

Did you ever stop and think how much of America is already owned and by whom?

Yes, and it's frankly frightening. Perhaps this is seen as crossing the line. I'd like to have more information on it.

Apologies as am unsure as to how to post links but check this out if you can

Dubai Buys Inchcape Shipping Services For $285M - Zawya.com ...Dubai Buys Inchcape Shipping Services For $285M. ... An Istithmar affiliate, DP World, Dubai's port authority, has had a GBP3.3 billion, (US$5.7 billion) ...
www.zawya.com/ Story.cfm?id=ZAWYA20060102060945&pagename=PEMonitor -

www.zawya.com/story.cfm

So they get themselves way in debt to buy this... then add some more debt to purchase the Ports!!????

Cruising I think you have hit the nail on the head without realising you had the hammer....

Think of this. UAE are now 5.6 Billion in debt JUST for the P&O aquisition. The finacers are the carlye group and the Rothschilds.... Who both invest heavily in High tech defense and logistics...and now UAE controls a huge slab of global logistical capacity. They have control of 22 Ports in the US, 10 here in the UK, and many more in asia. ( Bear with me on this) Now, lets say UAE goes broke because of war or any other reason - Who gets the shipping business? The creditors.... Who wins? Baker, Bush and the cronies in washington. Some ones being set up for a fall, but who's fooled who here?

I just wanted to post my .02 about the purchase price: $7Billion. That's $7 Billion, with a B, not $7 Trillion. We have US citizens who are worth many times that amount.

So, even tho the UAE is assuming debt for the deal, it's not all that big of a deal in terms of dollar amount. In fact, it's small potatoes:

SPURRED BY LAX ANTITRUST ENFORCEMENT and burgeoning laissez-faire dogma under Democratic and Republican administrations alike, the U.S. economy for two decades has been consumed in an epic corporate merger and consolidation movement

Broad statistics tell part of the story: The dollar value of corporate mergers and acquisitions amounted to $1.4 trillion during the 1980s, exploded to $11 trillion during the 1990s, and continued at a frenetic pace of $7.6 trillion during 2000-2003 (including $3.4 trillion in 2000 alone)--adding up to a combined total of $20 trillion of corporate mergers and acquisitions over the past 25 years.
biz

Look at some of the telecom mergers, if you want to see mega deals.

The group is finacialy sound and business was growing at 11 / 12 % over the year and was continuing to grow. I cannot for the life of me fathom out why you would sell unless you were either forced to, or an over the top offer was made. Its making less and less sense as it goes on.

I was in the computer business in the 80's when the giants (Digital, Data General, etc.) started to cut back and tighten their belts. They sometimes sold off their most profitable parts of the business. Reason? Because buyers wanted to buy the most profitable segments of a business, not the money-losers.

[edit on 25-2-2006 by jsobecky]

yes im sure theres lots of business sense in selling up whilst the goings good type of thinking, but please, the carlye group? Baker, Bush 1 + 2, Major, Blair.... the list goes on.... and wtf is going on with the UAE buying it? The billions are heavily backed by banks because the UAE cannot afford it alone....thats what its about. Whos really going to benefit?

First of all when did the government (whoever that is) state that it was only 6 ports? I believe the media started saying that 6 major US ports were on the deal, they didn't say those were the only ports.
By the way, where was the outcry when the US was being owned by the GB? Oh sorry they’re a white company, my bad.

Originally posted by DontTreadOnMe

Did you ever stop and think how much of America is already owned and by whom?

I did, www.abovetopsecret.com... and still do.





[edit on 25-2-2006 by SpittinCobra]

Originally posted by MadGreebo
yes im sure theres lots of business sense in selling up whilst the goings good type of thinking, but please, the carlye group? Baker, Bush 1 + 2, Major, Blair.... the list goes on.... and wtf is going on with the UAE buying it? The billions are heavily backed by banks because the UAE cannot afford it alone....thats what its about. Whos really going to benefit?

Remember the uproar about Halliburton getting contracts in Iraq? Nobody stopped for a minute to admit that there was only one other company, a French-based one, that could handle contracts of that size. The financing groups for this deal are in the same league: this deal is a little too big for your local Credit Union.

Also, your statement about the UAE not being able to afford it alone, thus the need for the financing... how do you know that for sure? Did you know that the UAE had a balanced budget in 2005? Not too shabby. Their GDP is roughly $92B USD, btw.

Assuming debt is not always a bad thing. Sometimes it makes excellent financial sense.

Super westy

The UK didn't start a holy war with you. The UK never plotted and flew planes into your buildings. the UK never had people who would do the foot work for an attack by militant Islam on your country.

Islamic terror is a big problem in the world, and the UAE was a major player when the pakistanis shipped nuclear equipment to Iran - My whole point though is not anti Islam, but just who the hell is gaining from this and how - I want to know just how all this is being allowed from a legal and financial view point.

I never want to wake up and watch a port vaporise on live TV because a terror sympathiser has let a nuke get loaded and sailed into the USA. If you are vunerable, you are weak and can get hit.