The Great American Yard Sale - TIME

The Great American Yard Sale - TIME

www.time.com

The ruling Busch family ultimately faced up to the fact that the U.S. is for sale, and foreigners are buying. It's everything from the St.-Tropez crowd buying up condos in Palm Beach, Fla., to Asian and Middle Eastern governments sinking billions into U.S. banks to Europeans taking over U.S. pharmaceutical and infrastructure companies. Even tourists are busy using their euros and pounds to snap up iPhones, jeans, shoes and everything else they can stuff into the empty suitcases they carry along for just that purpose, damn them.

(visit the link for the full news article)

Is America being bought up? Have we lost our American Values? It sure seems so...

Since 2003, foreign-led mergers and acquisitions have increased more than sixfold. Last year there were over 2,000 foreign-led acquisitions of U.S. companies in deals worth some $405.4 billion, twice the value of deals in 2006 and up from $60.8 billion in 2003, according to Thomson Reuters, the financial-information company.

Investors from Dubai are behind the June purchase of the General Motors Building in New York City for $2.8 billion. The Abu Dhabi Investment Council's sovereign wealth fund bought a 90% stake in the landmark Chrysler Building. General Electric's plastics division is gone, and its famed appliance unit could soon be in the hands of China's Haier or South Korea's LG. Chrysler is hoping to hook up with India's Tata Motors or Italy's Fiat. Switzerland's Roche Holding is offering about $44 billion to acquire the 44% of the biotechnology outfit Genentech that it doesn't own.

All these great staples of american ingenuity is being sold off for profit. To me this is like your entire home being robbed while you're at your dining room table having dinner, and you're not going to even notice until you lay in bed and hit the floor.

Where is the outrage from red white & blue americans? Perhaps they don't know?

European infrastructure firms calculate that the U.S. needs a massive infusion of capital to modernize its roads, bridges and power lines, highlighted by a recent spate of blackouts and the tragic collapse of a Minneapolis highway bridge last year. Steve Lucas, cfo of British power utility National Grid, says estimates are that the U.S. will spend $2 trillion in the next two decades upgrading electricity and gas infrastructure. "That's bigger than China."

On a lighter note...

I just got back from the future and it seems USA collapse as the result of erosion from the byproducts of greed. Damn it, we could have been great too.

AAC

www.time.com
(visit the link for the full news article)

Sneaky secret is we can sell all those buildings and US National Parks lands and whatnot but they will find that the Chrysler Building just isn't going home with them like the hotel towels.

It does make me wonder with this buying frenzy just how often the Brooklyn Bridge is being sold by street hustlers now...

Uhm, in the early 90s people were saying the exact same thing, only it was the Japanese buying up everything....

It's so sad that the rug is being swept out from under us Americans and no one realizes it until it is too late. I really think that will be our downfall, that our country will (really is) be spiralling out of control but the masses won't realize until the problem is on their doorstep, which will be too late. But the real problem now is who will listen? We've all seen what happens to people who speak truth, Dr. Ron Paul, and he got shut out by the MSM because people don't want to hear the truth, people want ignorant bliss. Our forefather's are shedding a tear for us, all of what they have created is gone now...

This reminds me of a CBC special a month or two ago.

It was on about Canadian banks buying up loan companies , prime rate mortgages and private banks, things like that.

The main banks said that they were not looking to buy large banks but the privately owned institutions. Right now they say the larger banks may be too much of a risk to try to buy at this time.

Also Canadians are getting more and more large American mortgages and holding land across the border in the last few years.

"As long as the environment remains as uncertain, balance sheet strength will be very important to us," CEO Gerry McCaughey.[President and Chief Executive Officer of CIBC] said, according to The Globe and Mail. - Peter Moreira

It was like a special report I wish I could remember the title.

Neoliberal economics...

Or as it's otherwise called in its most famous implementation, reaganomics.

Obviously if you value national social integrity, you would not make markets so free as to have the rights of a citizen.

Corporate citizenship, another thing to look at.

The world was polarized enough in the 80s for this kind of deregulation to be safer than it is now. Now, you have Dubai buying your ports and Russians buying your roads.

Just lovely!

G.W. learnt everything he knew from his father, who in turn learnt all the economics he needed from his President. Until people stop worshipping reaganomics this is what you're going to have.

History shows capitalism always falls apart without the guidance and regulation.