MIDDLE EAST ((buying the USA UP)) Is this true?

Question

I was hearing something on the news about some guy in the Middle east with some funky name he's buying 7 BILLION worth of stock in citi group as an investment. I calculated it out and he will be getting something like 470 million in dividends a year. THIS IS INSANE people in other countries are starting to own more than we do of our own country I mean WTF some guy who is using a LIMITED WORLD RESOURCE and cheating poor welfare moms WHO STILL HAVE TO DRIVE TO WORK EVERYDAY he takes their money from his oil and then starts buying billions in are financial helping institutions what's up with that? Anyway details and opinions do you think this is FAIR

Answer 1

The stake in Citi is being bought by an oil money fund run by one of the Middle Eastern Governments. In other words, they have made a fortune with the oil price rise in the last few years and are now using some of the money to buy approx 5% of Citi. Other than that, the story as you have described it is true.

This is exactly how Citi got back on the tracks the last time they messed up big time. In the late Eighties a Saudi Arabian Prince bought a big slug of Citi when everyone else thought they were going bust. His investment has subsequently done very well.

It is a very fair solution to the problem Citi finds itself with. They need cold hard cash, and right now the Arabs have got it. The poor welfare moms need to be looked after by their own governments, the Arabs have the right to charge what they can get for their oil. Microsoft currently owns 95% of the PC market. What would your response be if I suggested they should cut their prices by 50% in order to bring down costs for foreigners trying to start businesses abroad and get people off the unemployment roll? This is free enterprise at work - there are not too many places Citi can get access to that kind of money.

The way to stop this happening again is for the US to stop running massive budget deficits. If you want to stop handing over pieces of the country to foreigners then your government has to stop spending more than it is bringing in in taxes.

Answer 2

They really should. I don't know why but the more you read into these issues, the more you find out that the USA's interference is the cause of this tight conflict and endless struggle. Just LEAVE THEM ALL to sort it out! That's what they wanted in the first place. This doesn't necessarily mean the US is igniting problems, but rather the continuous resent of Middle Easterns toward American interference is mainly what fuels the flames. Just leave their land and let them live their culture and tradition and have them deal with their issues. It's what they want, why shall we interfere above their regression?

Answer 3

Whether it is fair or not, is besides the point. Ultimately IT IS THEIR OIL, and not ours. They can & will charge what the market will bear. Why do they care about welfare moms?? Did welfare moms care about poor arabs when oil was 1 dollar a barrell??

Interesting that when foreigners buy u.s. companies, everyone gets all excited. When u.s. companies buy foreign companies, no one seems to care. Except for people in the foreign companies of course.

Answer 4

sounds like a lot of whinning. Free markets. Guys an idiot to be investing in Cit Group right now. What a waste.

Answer 5

you heard right == and i agree with you!!!