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Our country is soon to be a third world nation if it isn't allready.
We have sold our industries to other countries and we now buy from them. Those countries are takeing the money and buying interests in
the US. Who will run our country when we have completely sold out to foreigners?

2006-12-20 22:01:34 · 11 answers · asked by Dutch V 2 in Politics & Government Government

11 answers

Republicans, their the ones who really sold it out.....

2006-12-20 23:02:57 · answer #1 · answered by Red 5 · 0 0

Gosh. That is a really great story. I wonder if it is ever told in the school system. I think the schools are little hot beds of budding socialists. You should read Ayn Rand's "We The Living". A great little novel set in the USSR of the 1920s. They had CHANGE, just as we are having now. But yes, this is exactly the road we are going down. The heads of corporations, the leaders of industry, the self made millionaires, the people who work hard and pay their own mortgages and save to send their kids to college are the ones who are being denigrated now and are going to have to foot the bill for Obama's massive cash grab. They are the backbone of this country, the people that pay the bills, the people who take care of themselves and their own. Share the wealth! And pretty soon there will be none. Look at Zimbabwe. They did the same thing. Took the resources out of the hands of the evil rich white people. Now look at them. They shared the wealth and now they are starving.

2016-03-29 02:23:40 · answer #2 · answered by Anonymous · 0 0

Dude, we sold out a long time ago. If you have any US Stocks they are gonna be about as usefull as that Paper Bill with a $ sign on it, 78 pennies are worth more than a $1 Bill of Note is now. Just do the math on that. Back in 1916, or 1917 gummit passed a Tax Act, Personal Income Tax began, a little while later Gummit decided to go off the Gold Standard and go to the I Promise Standard, well I promise you that 78 copper pennies are now worth more than a $1 Bill of Note. If that doesnt explain anything . well the ship has alllready sailed. I am retireing in Mexico with all my friends.

2006-12-20 22:18:20 · answer #3 · answered by Yawn Gnome 7 · 0 0

This question reflects an ignorance of both macro-economics (Capitalism 101) as well as a basic knowledge of the U.S. political system. All countries with strong economies seek as much foreign investment as they can get. It is no coincidence that the strength of a nation's economy is almost directly proportional to its ability to attract D.R.I. (direct foreign investment). The U.S. (the world’s largest economy), until recently brought in the most DRI compared to other countries, until it was just surpassed by the P.R.C. (People's Republic of China), a nation whose economy has been steaming ahead at 10% GDP growth for the last 10 years. Fully 70% of China’s phenomenal growth is due to DRI. When other countries invest in the U.S. they add liquidity (money flow) to our markets (stock, bond and real estate) as well as provide capital to start new businesses and hire new employees. The U.S., at about 4.6% unemployment, is almost at full employment (that point which begins to cause inflation) now.

When a foreign entity (country or individual) buys an American enterprise (e.g. Sony, Inc.) it takes a risk that the business will grow (make an income) or increase in value. In the 1970’s and 80’s many unwise American screamed that the Japanese were “buying up America”. All the while, the American economy and markets were screaming ahead. As it turned out, the real estate markets took a sharp downturn and most all of the Japanese real estate investors took a beating and suffered a huge loss in their real estate holdings. They sold their investments (remember the Rockefeller Plaza) at a huge loss to other investors who, at the time, saw a great opportunity to buy the real estate at a bargain. Industries are similar in that they own assets and make investments themselves in the economy in order to grow (growth that wouldn’t have taken place without that influx of capital).

The question to ask oneself is, where does that capital paid by the foreign entity to the American seller go? The answer is, somewhere back into the economy to create new wealth or it can alternatively end up overseas as investment in China (or other country with good opportunity), thus helping to create economic growth there. Capital chasing the best R.O.I. (return on investment), it’s what makes the (capitalistic) world go round.

Finally, the U.S. should be worried about losing DRI (being a less attractive place for capital compared to other countries) and not worry about being “bought out” by foreigners. If it helps you not to lose sleep due to fear of foreign investment, just imagine the following scenario, anytime the U.S. government chose (at the behest of its voters) they could “nationalize” all of its industries (such as has been done by the Communist countries of Cuba, Venezuela, etc.) overnight and cause them to instantly become “property” of the U.S. government. Of course, then we never get another dime of foreign investment and our economy would quickly stagnate (e.g. Cuba) and unemployment would sky rocket.

The real question to ask is, does America’s export of capital abroad to buy industries that employ foreigners hurt America’s economy by exporting good-paying jobs overseas. I’ll let someone else answer that one!

Ps. Dutch V, you might consider investing in some spell-checker software. Just a suggestion!

2006-12-20 23:19:49 · answer #4 · answered by laohutaile 3 · 0 0

Foreign money has controlled this country for over 200 years

2006-12-20 22:46:11 · answer #5 · answered by Anarchy99 7 · 0 0

As soon as Iran switches to Euro's, the United States is gone ! We're broke.

2006-12-20 22:07:13 · answer #6 · answered by Anonymous · 0 0

You people will run your own country. Surely you do not want Iraq to run your country?

2006-12-20 22:12:36 · answer #7 · answered by JP E 4 · 0 0

The electoral process will still exist, so it depends upon who the citizens are.

2006-12-20 22:06:39 · answer #8 · answered by Anonymous · 0 0

hmm, i guess according to you, foreign investors will run the US.

2006-12-20 22:20:02 · answer #9 · answered by timphan25 2 · 0 0

It will still be run by us with their money.

2006-12-20 22:04:48 · answer #10 · answered by Dr Dee 7 · 0 0

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