China keeps buying up American companies, and lawmakers are starting to sound the alarm
. . . blithering idiots.
"China is buying American companies at a record rate this year, and lawmakers are getting increasingly worried about it.
In February, 45 members of Congress signed a letter to the US Treasury Department's Committee on Foreign Investment (CFIUS), stating their concerns about a Chinese-led investor group's bid to buy the Chicago Stock Exchange."
I'm old enough to remember when the Japanese buying spree during the 1980s was considered the horror to end all horrors. If you remember, the Japs came in and bought all kinds of assets like Rockefeller Center. Mon Dieu! Then then the nation essentially went bankrupt, and they sold many of these assets and left. The beauty of this was they bought high. and sold at firesale lows!
So, exactly why are the American politicians bloomers in a knot over the Chinese coming in and buying American companies for more than any American is willing to pay? Are they afraid of money? Do they think the Chinese will steal our workers? Mon Dieu!!! Only a politician could explain this nonsense.
What is happening is the Chinese are beginning to realize that China is a Ponzi, and their money is at risk in China. So, they want to take it out, but can't. But China will let them buy foreign assets, and so the wealthy Chinese come to buy assets. Why here? Because we are the only truly safe and stable country on the planet. Europe has socialismed itself into uncompetitiveness with their over-regulation, and bloated welfare state. Japan is dying, with debt to GDP of nearly 250%!!! The international oil patch is in zombie mode. Where would one go to buy valuable assets which will be available in the years and decades to come? America!
They can buy stock, they can buy assets, like corporation, entities, mines, wells, and land. LET THEM! Our businesses will use the money for new productive ventures. That is good for the economy. Why don't our idiot politicians know this?