Originally Posted by Gimmeabeer
Sounds like good old fashioned land speculation. It doesn't sound like they're trying to add it to Mexico.
Why do you think all conquests must be of the war variety?
America has been losing economic clout for quite some time now. Little by little foreign ownership is creeping in.
Sometimes it is as subtle as mexicans buying up homes in Texas, sometimes as large as Japanese/Arabs/Europeans buying up skyscrapers and corporations.
Well over 1 trillion dollars of foreign owned property in the US and we're financing about 2 billion dollars A DAY with foreign money to keep it all going. 1/2 the debt this country has is held by foreigners.
Like that Church's or Popeye's chicken? Its majority owned by an investment firm that serves Arab investors.
20% of the refineries in the US are foreign owned and foreigners have sizable interests in power generation, chemicals and water treatment.
When the inflow of foreign investment slows down... what do you think happens?
What typically happens when your currency falls against other currencies? Well, the theory is your goods are more attractive overseas and foreign goods are less attractive. According to the trade deficit this didn't happen this time. Oops.
So now we have a weak currency, a weak economy, foreigners buying up shit at fire sale, still a huge trade deficit... hmmm...