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Foreign investors own $13.6 trillion of U.S. assets, including Treasury bonds, stocks and real estate. That is exactly 109% of the total American Gross Domestic Product for 2005. In other words, if foreign entities called in their loans and sold all their assets, it would take over a year for the U.S. economy to generate enough revenue to buy it all back.
This is according to a July 26, 2007 report by the Congressional Budget Office (CBO) in response to a request from the Budget Committee of the U.S. House of Representatives. Congress is concerned about the impact on the U.S. economy of the largest current account deficit in the history of the world. - Kimberly Amedeo, About.com Economics Columnist
The situation has drastically worsened in the past year due to the skyrocketing federal deficit combined with the imbalance of trade with China and the Middle Eastern oil-producing countries. It now would take approximately 2 1/2 years of our GDP to buy back our nation at the international pawn shop. Many Americans are hurting financially as a result.
Of course, none of Match Doctor's readers care do you? What does that have to do with needing some one to love us? Well, for many of you that concern could soon be put on the back burner because of the search for shelter and food. Few people, who are independently wealthy have need of a free dating site to find companionship. Their lovers seek THEM out.
I think back to a beautiful November afternoon on Pack Square in Asheville, NC. The year was 1988. I had briefly returned to Asheville to work as an expert witness for the judge in a federal court case. I was having dinner with one of my closest buddies on an outdoor plaza that I had once designed. My friend, a MBA graduated from Princeton, was estatic about the recent election of George H. Bush. He startled me with this statement, A new order has begun in America. Soon all the wealth and political power will be held by a 5% of the families. You and I will be among the 15% of professionals, who are allowed to maintan a comfortable life in return for coddling the elite. The remaining 80% of Americans will be allowed only enough income to survive, but not enough to have political influence. They will be made to think they are in a democracy, but will be so manipulated by the economy, technology and TV, that they really will be merely endorsing what others have already decided. By 2008 democracy and free enterprise will be history in America .
I thought my friend was off the wall, even silly. I hadn't really been fond of either George H. Bush or Michael Dukakis, and had voted for Libertarian Ron Paul in protest. I had a friend in the State Department, who carried information that would have killed Bush's election prospects. She didn't go public, because of fear of what would be done to her family by the Bushes. On the other hand, I wasn't convinced that Dukakis was qualified to run a nation.
There is lots of evidence that our nation has been manipulated repeatedly into the direction, as my friend forecast. I personally don't believe that we, 20 years later, are at the point where both democracy and free enterprise were dead. The internet was the Wild Card factor of the past 20 years that was not considered by the fascists. Free speech still flourishes on the internet, even if our commercial media are manipulated by advertisers. Our nation's economy and political health are certainly on the critical list, however.
The puppeteers of our nation have, indeed, gained disproportionate wealth and used it to manipulate many elections and world events. There is no doubt that Bush & company encouraged the Arab oil producers to manipulate supply so that fuel prices would go through the ceiling. This act was followed by Bush's predictable whine that oil companies should be allowed to search for oil whereever they pleased. Large quantities of oil were promised if our Congress removed restrictions. The truth is, folks, no one knows the amount of petroleum reserves on the Continental Shelf, or even if it is of scale to justify drilling.
Having the power to control people and economies does not equal the wisdom to foresee the implications of that use of power. We have seen that eternal truth repeatedly illustrated between 2000 and 2008. America elected a president, who had bankrupted every single company he managed and a vice president, who was formerly CEO of the oil services company that the president's grandfather founded. So what do we have today? ... an America that is near bankruptcy and foreign policy run by oil companies.
Both wisdom and love come from the same fountain ... a willingness to put one's welfare behind that of others ... to put the welfare of future generations before the greed to have it all now. Real power comes from spiritual integrity, not from a obsession to control and dominate others.
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| America For Sale! Power & Wealth Does Not Equal Wisdom. |
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Ginstl
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Jun 28 @ 11:36AM
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1) Six months before 9-11, Dick Cheney and U.S.oil executives from 4 big oil companies who had been kicked out of Iraq 36 years earlier by Saddam Hussain were drooling over maps of Iraq's oil fields in the White House.
2) Paul Wolfowitz said we have no economic choice but to go to war with Iraq!
3) Once There, Our troops guarded only the Ministry of Oil and the Interior Ministries of Iraq while the rest of the country was being looted.
4) Just this week, the same 4 oil compaines that were kicked out of Iraq 36 years ago got no-bid, sweetheart contracts for Iraq's oil.
5) Haliburton has moved it's headquarters to Dubia, which is outside U.S. legal jurisdiction.
6) Oh yeah, the terrorism thing: they were so blinded by oil that they forgot which country Bin Laden was in.
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SallyF
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Jun 28 @ 11:59AM
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I was given a similar warning of this plan during the 80's by a relative who is a 'have'---unfortunately, there appears to be some (much) truth to it. Who would have thought that something with the glorious moniker of 'think tank' could be so insidious in intent? It isn't often that the Internet is portrayed as a good thing---thank you for sharing that glimmer of hope that there are cracks in 'the plan' due to information sharing that is beyond any group's control and a potential for change in course.(I know you didn't actually say that, but I am an optimist :-)
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travelwoman
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Jun 28 @ 12:20PM
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In Switzerland, they created a law many years ago that foreigners cannot own real estate. Land is very limited in Switzerland, and since it's quite pretty there, many ver wealthy people from all over the world bought a chunk of it. Now they can't do that anymore.
But of course.... there are ways to get around the law (with middle-men and such). Yet, the law made things more difficult....
Back to your blog: how do they get the American people to comply?
I think number ONE to blame is the TV.... if Americans would put their interest a little more on other stuff than celebrities, shopping, food, soap operas and stupid game shows, and if they would stop believing all that's said on Fox and such but do their own research.... they would probably come out winning at the end...
I wrote once a blog about how to basically brain-wash the people. If anybody is interested, here is the link:
http://www.matchdoctor.com/blog_67700/Communication_vs_propaganda_are_we_really_free.html
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Mission_Impossible139
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Jun 28 @ 12:40PM
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Good blog. So true indeed.
Life is fragile in these times.
Unless you have amassed massive amounts of money, you could very easily be homeless in a matter of months depending on several possible misfortunes.
Change starts with each individual. QUIT spending and using credit.
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VaPeppermintPatti
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Jun 28 @ 2:28PM
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Shhhhhhhhhhhhhh...don't tell anyone but the largest investors in the US come from England. They still own a huge piece of the colony! Just look to whom owns the mines, most engineering firms, and timber stands. Yup! England.
Very good blog, kiddo!
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