Chuck Norris has this warning:
America is literally being sold out from underneath Americans. According to the 2008 Economic Report of the President, "The United States is both the single leading recipient and leading source of foreign direct investment in the world. In 2006, total cumulative (foreign direct investment) in the United States was almost $1.8 trillion, 15 percent of the world total." In 2006, foreign-owned assets in the U.S. totaled roughly $16 trillion dollars.
And where does all that foreign investment go?
As Paul Craig Roberts, once assistant secretary of the Treasury under President Reagan and associate editor of the Wall Street Journal, wrote a few years ago, "Very little of the foreign money flowing into the U.S. is for the purpose of building Toyota and BMW plants. Eighty to 85 percent of direct investment by foreigners in the U.S. economy goes into mergers and acquisitions. In 2000, 97 percent of direct investment by foreigners went for the purchase of existing U.S. assets." And those assets include U.S. government securities and liabilities, including ours and our children's civic debt now mounting into the tens of trillions.
We all know China serves as an example of this vicious cycle. American companies from agribusinesses to Wal-Mart have proliferated markets with so many "Made in China" labels that our nation has one big tag dangling from the toe of Florida – "Sold to China." And does China mind its material and monetary dominance over America? Of course not. In turn, it takes our money that we pay them for their goods and invests (loans) it back to us via our government as one of the "foreign investors" in our national debt. And why? Lately the reason has been so Congress can bail out more American industries and deepen our bondage (and ownership) to countries like China.
Some years ago Paul Roberts eerily predicted, "The U.S. is on its way to becoming a country whose corporations are foreign-owned and foreign-based. The U.S. will decline as a consumer market as there will be no high productivity jobs to support consumer demand. … The U.S. is importing a new population that will help it on its way to third worldism.
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