Foreign Govts Buy US Assets in Fire Sale Frenzy

[Shinobi]

As of January 2008, the fire sale on US corporate assets and government debt is in full swing.

So-called sovereign wealth funds(capital pools, which are owned by foreign governments) have begun buying US equities, pouring billions of dollars into USA Inc., as markets continue their long slide downward due to the subprime mortgage/ derivatives debacle.

George Bush Jr, whose Corporate Crime family has had close business ties (ongoing fraud deals with the so-called "Saudi Royal Family" for decades), will no doubt try to strong-arm the Kingdom's Ruling Family into buying even more distressed US assets to keep USA Inc. solvent -- at least until Bush Jr. leaves the White House.

Bankruptcy is, of course, "unthinkable," since it would precipitate a global economic collapse.

Arm-twisting aside, George Bush Jr. will likely reassure the Saudis that their "investments" in USA Inc. are 'safe"-- even while the Bush Cabal is shorting the markets (through their offshore funds of multiple trillions of dollars) all the way down to the bitter end.

(Nevertheless extortion at this level is well known to both "families' involved. They are after all "Global Crime Families" after all.)

"And so it goes" as the late Kurt Vonnegut would or should have said...

The New York Times (http://dealbook.blogs.nytimes.com/2008/01/15/
a-guide-to-speed-dating-with-sovereign-funds/index.html)
reports the following timeline of last year's "best buys" by foreign government-owned sovereign wealth funds,neglecting the most recent plethora of US mega-corporate bailouts by Singapore, China and other cash-rich foreign governments.

"Dec. 24, 2007: Temasek Holdings, a fund owned by the Singapore government, invests $4.4 billion to purchase a 9.4 percent interest in Merrill Lynch.

"Dec. 19, 2007: China Investment Corporation, the investment arm of the Chinese government, agrees to buy securities worth $5.579 billion convertible into a 9.9 percent stake in Morgan Stanley.

"Nov. 26, 2007: Abu Dhabi Investment Authority, the sovereign wealth fund of the Abu Dhabi government, invests $7.5 billion to purchase a 4.9 percent stake in Citigroup.

"Nov. 16, 2007: Mubadala Development Company, the investment arm of the Abu Dhabi government, spends $622 million to acquire an 8 percent stake in Advanced Micro Devices, the chip maker.

"Oct. 29: Dubai International Capital agrees to buy a $1.26 billion stake in Och-Ziff Capital Management Group, the hedge-fund firm run by Daniel Och, ahead of its initial public offering.

"Oct. 22: Citic Securities, a top state-controlled investment bank in China, announces a deal to invest $1 billion in Bear Stearns and form a joint venture with the firm in Asia.

"Sept. 20: Mubadala Development Company, the investment arm of the Abu Dhabi government, announces a deal to buy a 7.5 percent stake in a buyout giant, the Carlyle Group, for $1.35 billion.

"Sept. 19: Borse Dubai, the government-controlled exchange, agrees to take a 19.9 percent stake in the Nasdaq and to buy Nasdaq’s 28 percent stake in the London Stock Exchange.

THEN... On January 15, Citigroup and Merrill Lynch announced that they will receive $19.1 billion of foreign capital to keep their companies in business.

What does this portend for America's future?

Will foreign governmments effectively rule USA Inc. because of their so-called "equity participation"?

Will the United States cease to exist as a so-called "sovereign nation"?

The fire sale on US corporate and government assets is on --

and this trend is bound to continue.

You tell me -- why not? The USA really is past the point of "no return."

Enquiring minds want to know -- how will you deal with it?

Prozac? Booze?"Medicinal" marijuana?

A retreat in Switzerland or Costa Rica?

Or?

Send me an email...

* URI DOWBENKO is the author of "Bushwhacked: Inside Stories of True Conspiracy" and "Hoodwinked: Watching Movies with Eyes Wide Open." His new DVD is called "One Nation Under Fraud" He can be reached at u.dowbenko@lycos.com His website is UriDowbenko.Com