Skip to content

Foreign Ownership Of The United States

02/14/2010

The United States has been, and continues to be, selling itself to foreign powers. So far there has been mutual benefit, but the day may soon approaching when our debt load becomes very costly. Do you think that it doesn’t really matter? It could be a war fought without weapons as foreign ownership could pull plugs, shut doors or simply raise prices to a penalizing level.

Proverbs 22:7
The rich rules over the poor,And the borrower becomes the lender‘s slave.

Take a glance at the following sampling of what is going on. We not only allow foreign corporations and/or governments to control our assets, but some of our most important manufacturing is now on their shores. When we become needy and they decide they aren’t interested in providing, what then?

Story #1

China PLA officers urge economic punch against U.S.

The calls for broad retaliation over the planned U.S. weapons sales to the disputed island came from officers at China’s National Defence University and Academy of Military Sciences, interviewed by Outlook Weekly, a Chinese-language magazine published by the official Xinhua news agency.

The interviews with Major Generals Zhu Chenghu and Luo Yuan and Senior Colonel Ke Chunqiao appeared in the issue published on Monday.

The People’s Liberation Army (PLA) plays no role in setting policy for China’s foreign exchange holdings. Officials in charge of that area have given no sign of any moves to sell U.S. Treasury bonds over the weapons sales, a move that could alarm markets and damage the value of China’s own holdings.

Read more at Reuters

Story #2

Is the Bubble About to Burst?

It’s really quite simple: We are broke as a nation! Were it not for the escalating amount of money the US Treasury is printing and the funds that we are continuing to borrow from foreign sources, our economy would have already come to a grinding halt. Many people who can see the handwriting on the wall are wondering how much longer we have, what will happen next, and what they should do to prepare.

Read the full story at Hope For The World

Story #3

According to the U.S. Geological Survey in 2002, foreign ownership dominated the top
producers of aggregate, crushed stone, and sand and gravel. Most of these foreign owned
companies have been operating in the U.S. for years and have built their businesses
through the acquisition of smaller family owned companies. Even though the industry
remains fragmented, consolidation continues at a rapid pace. In 2005, for example,
Cemex of Mexico bough RMC Group of England and Holcim of Switzerland bought
Aggregate Industries of England.

This report examines the operations of the foreign owned companies that rank in the top
10 producers of aggregate, crushed stone, ready mix, and sand and gravel. The report
covers Hanson, Holcim, Cemex, Oldcastle, LaFarge, RMC Group, Aggregate Industries
and Rinker Materials Corporation.

http://www.lecet.org/Clearinghouse_Public/LIUNAConstruction/foreign_ownership_report.pdf

Story #4

A couple of years ago Indiana Governor Mitch Daniels signed a 75-year lease for 157 miles of the Indiana Toll Road for $3.8 billion, thus supposedly funding the State’s transportation needs for ten years. Daniels figured voters would be grateful for a deal which provided the money upfront and without a tax increase. When other states heard of the deal they rushed to see what they could sell or lease. The problem for Daniels is there was an enormous backlash on the part of Indiana voters. They saw Daniels’ move as giving away the State’s birthright. They had paid for that Toll Road and they especially did not want a foreign consortium in charge of it. Daniels, who won his election in 2004 with a mandate for change, suddenly turned unpopular. In fact, his unpopularity has continued to the point that his re-election in 2008 is not assured.

Read Full Story at Aim.org

Story #5

Foreign Ownership

According to the website Economy in Crisis, “Foreign ownership refers to ownership of assets of a particular industry by foreign controlled domestic U.S. Corporations (FDC) 50% or more owned by a foreign entity.”[1]

By that definition, the percentage of foreign ownership as of 2002 by industrial sector was as follows:[2]

  • Sound recording industries – 97%
  • Commodity contracts dealing and brokerage – 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%
  • Cement, concrete, lime, and gypsum product – 62%
  • Engine, turbine and power transmission equipment – 57%
  • Rubber product – 53%

See Full List at Source Watch

Story #6

Foreign ownership of U.S. companies jumps

CHICAGO (Reuters) – Foreign ownership of U.S. companies more than doubled from 1996 to 2005 measured by revenue and more than tripled as measured by assets, according to an analysis of U.S. tax data released on Wednesday.

Read Full Story at Reuters

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: