The USA is being infiltrated by illegals, sold to foreign powers, and abandoned by its government. But are Americans enabling the dissolution of our economy and country, as well, by continuing to buy foreign goods?
America literally is being sold out from underneath Americans. According to the 2008 Economic Report of the President: "The United States is both the single leading recipient and leading source of foreign direct investment in the world. In 2006, total cumulative FDI in the United States was almost $1.8 trillion, 15 percent of the world total." In 2006, foreign-owned assets in the U.S. totaled roughly $16 trillion.
And where does all that foreign investment go? 
As Paul Craig Roberts, who once was the assistant secretary of treasury under President Ronald Reagan and associate editor of The Wall Street Journal, wrote seven years ago: "Very little of the foreign money flowing into the United States is for the purpose of building Toyota and BMW plants. Eighty percent to 85 percent of direct investment by foreigners in the U.S. economy goes into mergers and acquisitions. In 2000, 97 percent of direct investment by foreigners went for the purchase of existing U.S. assets." And those assets include U.S. government securities and liabilities, including our national debt, which is mounting into the teens of trillions.
We all know China serves as an example of this vicious cycle. American companies, from agribusinesses to Wal-Mart, have proliferated markets with so many "Made in China" labels that our nation has one big tag dangling from the toe of Florida -- "Sold to China." And do the Chinese mind their material and monetary dominance over America? Of course not. In turn, they take the money that we pay them for their goods and invest (lend) it back to us via our government as one of the groups of "foreign investors" in our national debt. And why? Lately, the reason has been so Congress can bail out more American industries and deepen our bondage (and ownership) to countries such as China.
In the same 2002 column, Roberts eerily predicted: "The United States is on its way to becoming a country whose corporations are foreign-owned and foreign-based. The United States will decline as a consumer market, as there will be no high-productivity jobs to support consumer demand. The United States is importing a new population that will help it on its way to Third World-ism. Every year, millions of poor and uneducated immigrants, both legal and illegal, pour into the United States from alien lands. … Today, 20 percent of the U.S. population is foreign-born or children of foreign born. This massive influx drives up the demand for income-support programs, while driving down the taxable wages in retail- and service-sector jobs, where Americans are forced to seek employment as higher-paying automotive, electronic, textile and manufacturing jobs leave the country. The United States is still a superpower, but it is a country with very little, if any, control over its future and its destiny, a country whose time is running out."
Continued... |