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01-22-2008, 09:32 PM #1
Buying Up Corporate USA
Buying Up Corporate USA
By Robert Morley
Sovereign wealth funds (swfs) are the new rage by which foreign governments are converting their depreciating U.S. debt
holdings (e.g. U.S. treasuries) into investment funds to take advantage of other investment opportunities.
China holds around $1 trillion worth of these depreciating dollars and has set up its first swf, which is currently capitalized at $200 billion. Middle Eastern nations also hold hundreds of billions of U.S. dollars. So do the Russians.
It is estimated that current swfs hold $2.5 trillion available to be deployed. Just China’s “$1 trillion on hand … is enough to buy a controlling interest in all 30 of the Dow Jones industrials,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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