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America's Economic Development Is Now Foreign Owned
If there is any good news... Companies from Europe, Asia and other regions of the world have invested in the US creating hundreds of thousands of jobs. These international companies have found this country to be a profitable place for their North American operations, due to the skilled work force, vast supply of natural resources, ready infrastructure, advanced technology and investment incentives."
What American Politicians Won't Admit
It was once thought that as a sovereign nation, no foreign government short of an invasion and military occupation could run the U.S. But, what has actually occurred is that foreign governments do run America, and they also make billions a year by allowing us to maintain our standard of living. We are now at the will of countries like China, Japan, Russia and Germany.
You Can Laugh Now And Cry Later
From the ritzy Essex House hotel in Manhattan, owned by the Dubai Investment Group, to the nationwide chains of Caribou Coffee and Church's Chicken, owned by another company serving Arab investors, foreigners are buying bigger and bigger chunks of the country.
Foreign countries, and their investors, have bought up everything available of value in the United States using our own money. Banks, Industrial and Manufacturing Companies, Malls, Colleges, Resorts, Convenient Store and Motel chains etc etc. Combine that with the fact these same countries are holding approx. THREE TRILLION, TWO HUNDRED SIXTY FIVE BILLION DOLLARS worth of US treasury securities!
Who are a just a few of those foreign countries? China ($767 billion), Japan ($686 billion), Russia ($138 billion), Brazil ($126 billion), Luxembourg ($106 billion), Taiwan ($74 billion), Germany ($55 billion), Thailand ($26 billion), India ($38 billion), Mexico ($36 billion) and even Columbia with ($11 billion).
Note: In December 2000, China only held $60 billion in federal securities. Now, China has increased their holdings to over $760 billion to become the majority owner in foreign holdings. Overtaking Japan who had been at the top since at least the year 2000. And, every 3 months, we sell them some more.
This has nothing to do with import or exports to and from the United States. Its about the results of years worth of strategic purchases from Treasury Securities, US companies and US banks being owned by foreign governments and their companies.
What effects could their money have in controling the US? China switched their buying gears in 2007 and 2008, presumably because it wished to increase heavily back to treasuries. But, one cant dispel the issues that befell companies like Fannie Mae, Freddy Mac, and other government-chartered organizations that ended up needing U.S. government intervention (bailouts) during the same time periods.
On the surface, these same international companies and foreign governments are also helping to keep us financially afloat with imports, exports and investing in owning business in most states. All is boosting our economic & financial development according to state officials. What they're not saying is the problem.
Have we unknowingly created "The Perfect Storm?"" Are we like the true-life story of the ill-fated commercial fishing boat crew of the "Andrea Gail", who's captain regretfully sailed them into the middle of one gigantic storm that had evolved from 3 separate hurricanes coming at them from every direction. In the end, the men all died.
As a Nation, and as individual States, has the government unknowingly caused its own impending demise because we have sailed straight into the path of foreign ownership with no possible way to escape? And none of this just happened overnight.
Former Enemies And Current Concerns
Ironically, besides China, two of the foreign countries gobbling up American interests are Japan and Germany. Who, as we all know, were both mortal enemies of America not so long ago. They alone hold approximately $741 billion dollars of our treasury notes. Combine that with the fact that these same two countries (and China) have slowly purchased and or taken over as many major and small American industrial and technological companies as possible. While at the same time, also becoming the overseas corporate parents of countless banks in the US.
And, these banks are aggressively making business loans to American based companies. By one estimate, foreign banks hold nearly 50 percent of all existing commercial and industrial loans made to U.S. businesses. Moreover, foreign banks made these gains swiftly, more than doubling their share of the U.S. market in the past ten years. As of December 31, 2000, state-licensed foreign banks held $1.1 trillion in assets
Japan, by itself, has the largest country representation with 44 bank branches and agencies. And, another 21 banking subsidiaries in this country. The combined total assets of these entities are approx. $270 billion. Their largest interests maintain offices in New York.
The International Banking Act (IBA) of 1978 was to have restricted the ability of foreign banks to establish offices in more than one state. But, during the late 1970s and early 1980s, rules governing interstate banking regarding US financial institutions began to fade away. Which opened the doors to where we are today.
As much as the US needs foreign traded imports and exports, we have also opened up the floodgates to welcome other countries, both allies and enemies, to one by one invade and take over controlling interests of the financial markets and heart of America's business and homes". All without firing a shot!
Examine specifically the types of industries and financial markets that these foreigners have strategically targeted to either invest in, or, flat out own. Every facet of our day to day lives from transportation to bio-technical and computer science. Shopping Malls to fuels and aerospace. Banking to schools etc. On top of that, add in the fact these foreign entities are holding three trillion dollars of US Treasury Security notes? Look at the entire picture collectively, and you will quickly see that foreign government, and their money has "cornered the market" to our financial infrastructure.
How smart and determined are these foreign countries to get their feet in the American dream? And just how willing have our presidents and politicians been eager to let them? Answer".They're willing to put national security up for sale according to members of the US House of Representatives.
Example: In July of 1990, then President Bush approved the sale of California based "Semi-Gas Systems," to the Japanese. This US Company was a major supplier of gas distribution and control systems to American semi-conductor chipmakers. At the time, Semi-Gas was in direct competition with the Japanese in an industry that politicians stated "this action could have grave consequences for the semiconductor industry, and it does affect our national security and possible espionage."
Employee's tried to buy the company first to keep it in the US. "But the Government apparently had only a bottom-line mentality and, instead, signed off on the sale" according to sources. Years before this sale, Congress had been warned that the United States semiconductor industry "is falling prey to foreign competitors determined to gain a chokehold on the materials and equipment needed to make computer chips."
During House of Representative hearings on the sale one politician stated, "there are some purchases on some vital bills in August, and I know we need the money to keep going on operating in the red because we are destroying ourselves economically. We have guessed in the past that at each crucial sale, the Japanese come in and say, "Hey, if you want us to buy this, you've got to also give us this."
It wasn't that long ago that foreign monies had to come to the rescue again as Chrysler & GM were under bankruptcy. Italy's Fiat now owns a major interest and assets in Chrysler. China tried to buy out another American symbol to our greatness and gratuity in purchasing "Hummer." A vehicle that first came onto the scene as the new image of our military. GM had agreed to sell out to "Sichuan Tengzhong Heavy Industrial Machinery Company Ltd" but the deal fell through at the last minute.
Would The Government Conceal Truths From Us?
The American financial system itself was built on a secret and deception. The Federal Reserve Banks true origin and owners were kept from the public. How a group of wealthy businessmen bought their own island and created a private club. A short time later, they agreed to loan the US money to get back on its feet, at a high rate of interest of course.
It began in 1886, when a group of millionaires purchased Jekyll Island (Georgia), and converted it into the most exclusive private club in the country. By 1900, the club's roster represented 1/6th of the world's wealth.
Nelson W. Aldrich, Republican "whip" in the Senate, Chairman of the National Monetary Commission, business associate of J.P. Morgan, father-in-law to John D. Rockefeller, Jr.;
Abraham Piatt Andrew, Assistant Secretary of the United States Treasury;
Frank A. Vanderlip, president of the National City Bank of New York, the most powerful of the banks at that time, representing William Rockefeller and the international investment banking house of Kuhn, Loeb & Company;
Henry P. Davison, senior partner of the J.P Morgan Company;
Charles D. Norton, president of J.P. Morgan's First National Bank of New York;
Benjamin Strong, head of J.P. Morgan's Bankers Trust Company
Paul M. Warburg, a representative of the Rothschild banking dynasty in England and France, and brother to Max Warburg who was head of the Warburg banking consortium in Germany and the Netherlands.
Non members, regardless of who they were, were not allowed. President McKinley and Winston Churchill were refused admission.
In 1908, Congress established a National Monetary Authority. In 1910 another, more secretive group was formed consisting of the chiefs of major corporations and banks in this country. Who, were mostly made up of members of the Jekyll Island club. One night the group left secretly by rail from Hoboken, New Jersey, and traveled anonymously to the hunting lodge in Georgia.
At Jekyll Island, the true draftsman for the Federal Reserve was Paul Warburg. The plan was simple. The new central bank could not be called a central bank because America did not want one, so it had to be given a deceptive name. On the surface, the bank was to be controlled by Congress, but a majority of its members were to be selected by the private banks that would own its stock.
To keep the public from thinking that the Federal Reserve would be controlled from New York, a system of twelve regional banks was designed. Given the concentration of money and credit in New York, the Federal Reserve Bank of New York controlled the system, making the regional concept initially nothing but a ruse.
Besides re-investing foreign monies back into the US, prosperity is beginning to show up around the world in former economic stricken countries who are now on top.
For Instance" China, 1983. People had to walk for transportation. Only the privileged had bicycles. The tallest building was less then 20 stories. There were dirt roads. Most people lived in shacks and the Red Army was everywhere. In fact, journalists could not go around without a Red Army escort. It was a scary kind of place. In 1994, things had begun to change. There were nicely paved roads, new buildings and people were starting to drive vehicles. And some cities even had a McDonald's.
In 2009, Cities like Shanghai, have a modern airport, 5,000 new buildings expanding 15 stories or taller. China's entire economy is booming and it is reported that people are able to save 25% out of every paycheck.
What is the general consensus of US investors in China? John Chambers, CEO of Cisco Systems contends "Our investment returns in China are better than those from America."
So, what happens when countries like The Peoples Republic of China, who are under a communist "socialist market economy," decide its time their investments in the US need more of a return in profits? Will they be able to force us to tighten our belts and adapt their stringent lifestyle?
Note: Since the introduction of the socialist market economy, China's GDP rose from some 150 billion USD to more than 1.6 trillion USD, with an annual increase of 9.4 percent. Fifty percent of China's state-owned enterprises have been transformed into joint-stock companies, which generate one-third of the national GDP
Does the US see what's coming on the horizon? No.... "The U.S. economy is thirsting for new capital and investment," said Nancy McLernon, President & CEO for the Organization for International Investment. "This isn't a mirage; it's a deep well of insourcing firms that are committed to bringing jobs to the United States. Policy makers should avoid isolationist policies that would discourage these companies from continuing to invest in the U.S. and insource jobs."
Bottom-line for US citizens, right now we are living off a "Foreign Trust Fund" that has an expiration date.
Statistics Indicate The Following Percentages Of Foreign Ownership Of American Industry In 2006 (Stats created by writer-author Thom Hartman)
- Sound recording industries - 97%
- Commodity contracts dealing and brokerage - 79%
- Motion picture and sound recording industries - 75%
- Metal ore mining - 65%
- Motion picture and video industries - 64%
- Wineries and distilleries - 64%
- Database, directory, and other publishers - 63%
- Book publishers - 63%
- Cement, concrete, lime, and gypsum product - 62%
- Engine, turbine and power transmission equipment - 57%
- Rubber product - 53%
- Nonmetallic mineral product manufacturing - 53%
- Plastics and rubber products manufacturing - 52%
- Plastics product - 51%
- Other insurance related activities - 51%
- Boiler, tank, and shipping container - 50%
- Glass and glass product - 48%
- Coal mining - 48%
- Sugar and confectionery product - 48%
- Nonmetallic mineral mining and quarrying - 47%
- Advertising and related services - 41%
- Pharmaceutical and medicine - 40%
- Clay, refractory, and other nonmetallic mineral products - 40%
- Securities brokerage - 38%
- Other general purpose machinery - 37%
- Audio and video equipment mfg. and reproducing magnetic and optical media - 36%
- Support activities for mining - 36%
- Soap, cleaning compound, and toilet preparation - 32%
- Chemical manufacturing - 30%
- Industrial machinery - 30%
- Securities, commodity contracts, financial investments and related activities - 30%
- Other food - 29%
- Motor vehicles and parts - 29%
- Machinery manufacturing - 28%
- Other electrical equipment and component - 28%
- Securities and commodity exchanges and other financial investment activities - 27%
- Architectural, engineering, and related services - 26%
- Credit card issuing and other consumer credit - 26%
- Petroleum refineries (including integrated) - 25%
- Navigational, measuring, electromedical, and control instruments - 25%
- Petroleum and coal products manufacturing - 25%
- Transportation equipment manufacturing - 25%
- Commercial and service industry machinery - 25%
- Basic chemical - 24%
- Investment banking and securities dealing - 24%
- Semiconductor and other electronic component - 23%
- Paint, coating, and adhesive - 22%
- Printing and related support activities - 21%
- Chemical product and preparation - 20%
- Iron, steel mills, and steel products - 20%
- Agriculture, construction, and mining machinery - 20%
- Publishing industries - 20%
- Medical equipment and supplies - 20%
"The kid with the most toys, gets to say what game we play." 10 year old Brian Walton
End Of Story