The Great American Sell Off
European company EADS, parent of Airbus, wants to begin shopping the U.S. to buy-up manufacturers to produce commercial aircraft platforms. EADS wants to reduce its production of platforms and the declining dollar makes American companies attractive for purchase.
Well isn’t that great! With the purchase of Anheuser-Busch by Belgian company InBev, our continuing energy crisis and major bank collapses, what other shit can get piled on top of this country? Did you know that Foreign banks own almost $1.5 trillion in debt from mortgage giants Fannie Mae and Freddie Mac? At current estimates, China possesses’ around $400 billion in debt, Middle Eastern nations $200 billion and Russia $150 billion.
Anyways I found this website that shows all the American companies that have been bought out by foreign companies from 7/03/1978-2/08/2008.
Notable Numbers:
Total number of acquisitions: 15,397
Average amount of US companies sold
to foreign acquirors per day as reported: $182,646,977
This Great American Sell Off ticker is an up-to-date projection of the amount of money that foreign companies spend to acquire U.S. companies. Acquisition of companies by foreign entities diverts U.S. technology, jobs and ownership abroad.
The ticker is a projection based on the average amount of money spent per second on acquisitions in the 2007 fiscal year, which was $6,749.43 per second.
Foreign Ownership of U.S. Industries:
Sound recording industries 97%
Commodity contracts dealing 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%
Foreign Financing of U.S. Government Debt:
Japan $517.2 Bn(Billions)
China $405.5 Bn
United Kingdom $299.7 Bn
Brazil $128.8 Bn
Oil Exporters $126.7 Bn
Luxembourg $76.3 Bn
Hong Kong $54.3 Bn
You have got to check out this website. www.economyincrisis.org.
The only thing that will fix our economic problem is The FairTax Act.Do you know what the FairTax is? Well click the link and find out.
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Tags: Airbus, anheuser-busch, belgium, china, EADS, fannie mae, freddie mac, inbev, middle east, national debt, russia
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July 19th, 2008 at 11:43 pm
Big deal! So what if foreign multinationals buy up big in America now that the US dollar is becoming worthless. American multinationals have been doing exactly that same thing in other countries whenever the US dollar has been strong. What goes round, comes round.
July 20th, 2008 at 10:20 pm
The Fair Tax is a fart in the wind compared to these problems. Our economic problems are far more fundamental than the method of income taxation we are using. Our hand is being forced to replay the American Revolution if we want to regain the freedoms and liberties we once had, as well as the representation we expect from our government, but haven’t had in a long time. If your foundations are cracked and rotting, all the spackle in the world won’t fix it; you have to tear out the ruined structure and rebuild it from the base up.