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€