Foreign Ownership of U.S. Assets Accelerating
August 14th, 2008 · by Bob Meyer · 1 CommentForeign creditors (our trade deficit remains massive, $600 to $700 billion a year) are hedging their bets by buying direct ownership stakes in our country’s assets. According to the Bureau of Economic Analysis, the rest of the world currently owns way more of America (stocks, bonds, real estate, etc.) than America owns of the rest of the world…by a margin of $3 trillion.
Moreover, net foreign ownership is increasing very rapidly…it has multiplied by a factor of five in just the last decade. As a nation we eventually could cease to be capitalists and become simply wage earners. A country that goes too far down this path can be colonized by purchase rather than by conquest.
To turn it around we must save more and spend less.
BarterNews.com is the place to go for all the news on barter…
BN
This entry was posted on Thursday, August 14th, 2008 at 7:05 am and is filed under Global Environment. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
August 18th, 2008 at 10:21 am
Bob,
As I sip my Belgian Budweiser, I salute you for clearly and succinctly stating the awful consequence of what America is doing to itself.
Save more and spend less. And might I add whenever possible; buy American and locally as well.
A barter association can help. It is simply a collection of local business owners who join together and use their purchasing power with one another. This benefits themselves, their community and the Country.
They save more and spend less. Association participants reduce expenses by paying, not with cash but, with their excess inventory or capacity.
Because every participant obtains new sales that they can get no other way; profits grow and the future of their business is enhanced. Modern trade and barter strengthens America by strengthing American businesses.
Bob, I am so grateful that you have dedicated a lifetime to spreading the word of this genious idea.