WHAT DOES IT MEAN FOR AMERICANS TO HAVE DECISIONS ABOUT JOBS, HOME LOANS, SCHOOL LOANS AND SO ON TO ULTIMATELY REST WITH FOREIGN GOVERNMENTS?

This is all a method of networking everything so that the U.S. is seen as being too big to allow to fall — too many customers; too many investments; too much the policeman of the world. With every rich nation heavily invested in the U.S., they won't want their assets losing money. It's the Empire continuing to go global.

However, the foreign-investor nations will be in a position more and more to make demands that may very well include cultural and legal demands at the street level.

Well, globalism is a fact. The question is what kind of world are we creating? What is humanity sowing that it will reap? It sure is a mixed bag.

The biggest mistake is having standards that are much too low. Righteousness needs to be the focus.

Mortgaging America
Investment funds run by foreign governments are keeping the U.S. afloat.
By Eric J. Weiner
June 4, 2008
America's for sale. Just ask Treasury Secretary Henry Paulson.

With the U.S. economy in shambles, Paulson just spent four days touring the Middle East, hat in hand, looking for investors to bail us out. Specifically, on Monday, Paulson met with heads of the Abu Dhabi Investment Authority, the world's largest "sovereign wealth fund" with roughly $875 billion in assets, and encouraged them to buy American businesses.
...
This is economic globalization in its most raw form — and a dramatic change in the way the worldwide economy operates. Today, the real power in international finance is held by rich countries, not wealthy institutions, corporations or private investors. And these countries are flexing their increasingly bulging muscles through investment vehicles known as sovereign wealth funds.

Sovereign wealth funds, or SWFs, basically are mutual funds that invest the excess capital generated by a region or country. The first one was established by Kuwait when it still was a British territory. After World War II, as Kuwait was negotiating independence, its leader, Sheik Abdullah al Salem al Sabah, asked the British to help him create a fund that would invest the nation's oil profits. The Kuwait Investment Board, which eventually became the Kuwait Investment Authority, today has about $250 billion in assets and is one of the largest sovereign wealth funds in the world.
...
...on a practical level, the growing influence of SWFs really brings up much more basic concerns. What does it mean for Americans to have decisions about our jobs, our home loans, our school loans and so on to ultimately rest with foreign governments? What does it mean to surrender this level of control over our own economy?

The trouble is, we don't know. And that raises perhaps the most important question of all: What if the cure to our mortgage crisis is more deadly than the disease itself?

  • Subscribe


  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
    This entry was posted in Uncategorized. Bookmark the permalink.