Why It Was A Bad Idea To Allow America To Be Owned By Foreigners

[CC1]

Originally Posted by Ron

I thought Americans believed in free trade?
Or is it just when it is in your favor?

Many do believe in free trade as a concept. I don't.

[RevDWW]

Originally Posted by CC1

Many do believe in free trade as a concept. I don't.

Ain't nothing "free"........

[Rico]

Originally Posted by CC1

At least those companies have not bought American companies. They have just build factories here. My gripe is when our laws allow major American corporations to be bought out by foreigners. That should be against the law.
Mercedes should never have been allowed to buy Chrysler.

Alsmot 15 years ago I was a member of a group that hosted specialists on business and trade at our monthly meetings. These were world class folks. Back then I heard one guy predict how multinationalism of companies would evolve and everything he predicted has come to pass.

Brother, the only reason they bought it is because it was for sale. GM and Ford had their chance to buy it and weren't interested. I see what you are saying, but I don't see how it could work, given the fact that everyone participates in the global economy. If we back out where would it leave us? If we tell companies like Mercedes they can't buy our companies then they could tell us we couldn't buy theirs. Did you know the largest growing imported vehicle in China is Buick? Ford is very big in Europe. If we show them the door and they show us the door everyone loses. I wish we could figure out a way of better protecting our interests, but I don't really know how.

[Ron]

Originally Posted by CC1

Many do believe in free trade as a concept. I don't.

I agree.

But only because it doesn't work and it isn't nesecarely free!

[Ron]

Originally Posted by RevDWW

Can anyone say "One World Government"?

Or what is here right now-Globalism?

I am finding out now that most of those so called "hippies" protesting at the
WTO meetings actually have a point after all.

I talked with one about their tactics and he said and I quote, "they aren't listening and nothing else works-what have we got to lose?"

It is a scary thing when people stop listening.

[Ferd]

There is a reverse nuclear option. America can tell them we aint paying you a thin red yuan.

Originally Posted by Rico

The Chinese will hurt themselves more than us, if they do something like this. They are always making threats to do this or that. It's their style of negotiating. I've seen North Korea use the same tactics with the development of weapons grade nuclear material. They threaten to do this or that as a means of negotiating.

Not hardly. We would be hurt much worse than they will.

While our economy is still growing inspite of the growing credit crunch and the continued fall of the dollar, the Chinese economy is growing exponentially. It is predicted that in ten or less years it will surpass our own.

For instance, while we have approximately 40 major airports in the U.S., China will have more than 400. The fastest growing wealthy class in the world is in China as is also the growing middle class. They have artificially kept their currency low for the sake of exporting their goods, making them the largest manufacturing and exporting economy in the world. It is unfair to the American Economy for them to do this, taking away much of our competitive edge.

The greatest migration of people that has ever happened in history is going on in China right now as millions move off the collective farms under communism to the cities to seek their fortunes in a newly created capatilist society.

China is no North Korea.

[Ron]

Originally Posted by Brother Strange

Not hardly. We would be hurt much worse than they will.

While our economy is still growing inspite of the growing credit crunch and the continued fall of the dollar, the Chinese economy is growing exponentially. It is predicted that in ten or less years it will surpass our own.

For instance, while we have approximately 40 major airports in the U.S., China will have more than 400. The fastest growing wealthy class in the world is in China as is also the growing middle class. They have artificially kept their currency low for the sake of exporting their goods, making them the largest manufacturing and exporting economy in the world. It is unfair to the American Economy for them to do this, taking away much of our competitive edge.

The greatest migration of people that has ever happened in history is going on in China right now as millions move off the collective farms under communism to the cities to seek their fortunes in a newly created capatilist society.

China is no North Korea.

You are correct in this Elder except for two points.

China will surpass the US economicaly and be able to match the US in military
strength, not in ten years--just two and half.
Analysts predict.

Watch if they make a move toward Taiwan.

Yes, this is correct.

If they move toward Taiwan, the U.S. will back down and will not honor their standing treaty of protection of them. The West has lost their resolve. The rest of the world knows it.

One bright spot in all of this is that there are more converts to Christianity in China than anywhere else, by far. Conversions are growing by leaps and bounds and is becoming more open and free.

[Praxeas]

The ironic thing is China is supposed to be Communist