The American economy continues to go global, as overseas banking behemoths pour vast sums of money into ailing American banks!
Was this the plan from the beginning, i.e., to use the subprime crisis as a tool by which important areas of the American economy could be globalized?
NEWS BRIEF: "Asian, Mideast funds unleash cultural revolution on Wall Street: Buying up big stakes in ailing US banks", Khaleej Times, 25 December 2007
"WASHINGTON - State-run investment funds from Asia and the Middle East are unleashing a cultural revolution on Wall Street, buying up big stakes in ailing US banks. Concerns have spiked in recent weeks as some of America’s top investment banks have sought vast cash infusions to offset multi-billion dollar losses triggered by a deep housing slump and a related credit crunch."
The sums of money being poured into these financially distressed banks are truly huge. For example:
* Merrill Lynch announced Monday that Temasek Holdings Pte. Ltd., a Singapore state-owned investment group, was buying a 4.4-billion-dollar shareholding in the company"
* The China Investment Corporation (CIC) had obtained a five-billion-dollar stake in Morgan Stanley
* The Abu Dhabi Investment Authority of the United Arab Emirates grabbed a hefty 7.5-billion-dollar shareholding in Citigroup last month
* CIC grabbed a three-billion-dollar stake in the Blackstone Group, a large private equity firm, earlier this year
* China’s CITIC Securities Company Ltd. bought a six percent shareholding in Bear Stearns, another troubled US investment house, for one billion dollars in October
"Analysts believe more deals are likely, especially as the foreign funds are sitting on huge cash stockpiles. US banks have been forced to seek cash injections because of heavy losses on mortgage investments. Beijing’s financial firepower has been swelled by over one trillion dollars of foreign currency reserves while the energy-rich UAE’s coffers have been fattened by rocketing oil prices."
From the beginning, we believed that the subprime crisis was being manipulated to achieve coveted Illuminati goals. This development falls into line with known global goals necessary to establish the prophetic One-World Economy. But, Conservatives are dismayed by this development, as well they should be, because global control over the American banking system does threaten our national sovereignty.
But President Bush does not seem concerned.
"President George W. Bush addressed the flurry of such deals during a White House press conference on Thursday. 'I don’t think it’s a problem', Bush said, as he warned against a protectionist backlash, which he said could harm investment flows."
This issue is one which positively brands the President as a Liberal, rather than a true Conservative. The entire Bush Family has long been viewed with suspicion by genuine Conservatives, and for good reason. Liberal Policies like this have been too common for both Presidents Bush.
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