Monday, June 27, 2005

Buy America - So China Does Just That With BushCo's Help

Buy America – So China Does Just That With BushCo’s Help
By: Jack Dalton
6/27/05

The single greatest “hostile” takeover of a nation is under way, and it is our nation. Thanks to the unbelievable growth of Wal-Mart, more of what the consumer here purchases is being made in China, while U.S. jobs continue to disappear. This nation is now in serious debt to China. At the same time China is experiencing huge national growth which means they need an increasing amount of oil to provide the energy to fuel its growth. China is now exceeded only by the U.S. in its “need” for more oil.

The PNAC—Project for a New American Century—in its essay, “Rebuilding America’s Defenses” stated how the U.S. must eliminate all competition/competitors to the U.S.; that is to include all social, economic and political competition as well as in business. This is to include air, ground, sea and outer space competition.

The Carlyle Group is a “group” of investors. They make their money by investing in other companies, to the extent that Carlyle gains controlling interest thru their “investment” in many of those companies. The majority of the upper tier at Carlyle are also members of the PNAC. They are the same people that signed on to “Rebuilding America’s Defenses” which articulated the absolute need for this country to squash any and all “competitors” in anything and everything, real or perceived, to the U.S., external and internal.

CitiGroup is the largest investment bank on the planet. The Carlyle Group owns controlling shares in CitiGroup/CitiBank. So now we have the PNAC whose members are also partners in the Carlyle Group which is heavily invested in the CitiGroup.

Last year in 2004, CitiGroup bought controlling interest in Chinas 2nd largest “development bank (investment bank). A side note: CitiBank a few years ago also bought 49% interest in Banamex a large bank in Mexico. Banamex was on the international list of banks laundering massive amounts of drug money…something to the tune of $500 billion a year—it does get interesting does it not? Narco-News ended up in a two year court battle with Banamex/CitiBank when Al broke the story about this. Al did win the case and CitiBank could not do what they wanted to do, shut Al and Narco-News down. I wonder how much of the billions in drug money coming out of Afghanistan CitiBank is handling today. But, back to where I was at before I digress too much.

In Oct/Nov of 2000, this nation attempted to negotiate with the Taliban in Afghanistan on behalf of UNOCAL, for an oil pipeline thru northern Afghanistan. That did not happen so the State Department told the Taliban to “accept our carpet of Gold, or you will receive a carpet of bombs.” We all know what happened next—BOOM! Now UNOCAL has its oil pipeline with 4 U.S. military bases to protect it at taxpayer expense.

Dick Cheney, Don Rumsfeld, Paul Wolfowitz, Doug Feith, Michael Leeden, John Bolton, Richard Pearle among many others in government today, were and are all members of the PNAC. In fact they are founding members along with Bill Krystal of the Weekly Standard and Charles Krauthammer of the American Enterprise Institute. They are also the one’s who came up and were behind the “Iraq Liberation Act” in 1998. They are also at the heart of the BushCo war cabinet.

Of late, a lot of fingers in Washington have been pointed at the growing “threat” to us posed by China. China is the biggest competitor this nation has for the worlds dwindling oil reserves and soon China will need even more oil to sustain its economy than what we demand.

If you want to eliminate a competitor such as a nation, pull them into the WTO--as we know that thru the WTO a nation’s laws can be circumvented--then take over one of its banks, which gives the access to the internal economy, and using WTO rules along with the power of the bank, “restructure the economy” so that no matter what happens the investors will still make money. The ultimate in playing both ends against the middle, don’t you think? And that is what is taking place right now.

China’s banks and oil company has made an $18.5 billion bid for UNOCAL. CitiGroup owns controlling interest in one of the banks involved in this “deal” and Carlyle Group owns controlling interest in CitiGroup and the members of the PNAC are part and parcel a part of both CitiGroup and the Carlyle Group. And these are the very same people that have led this nation, under the banner of G.W. Bush, into a “war of aggression” and a “war against the peace.”

These are the very same people that have outsourced American jobs to cheap labor markets so the U.S. multinationals bottom line will be higher. These are the same people who have all but eliminated our ability to challenge U.S. corporations in court for the harm they cause. These are the same people who consistently tell us we are a nation of laws that adheres to the “rule of law” while BushCo openly turns the “rule of law” on its head.

These are the same people that while telling us how great the economy is are setting about the business of making sure they are protected financially, while eliminating any chance at financial security for those in this nation. All the new “laws” coming out of congress; all the federal court decisions being made in the past 5 years have all been skewed to the very wealthy and to U.S. multinationals, with us, the people of the nation, being left totally out of the picture. These are the same people who invoke the name of the American people behind everything they do, while everything they do leaves the American people behind. And then they tell us we must now “watch what we say” and give us “free speech zones.

So the next time any of you feel the need to cheer for what BushCo has bestowed upon us and the rest of the world try and remember that those behind this madness believe as did John Jay who in 1777, during the writing of our Constitution stated, “The people who own the country ought to rule the country.” Only now it should be changed to, “the people that own the country ought to rule the world” as that is what they are headed toward.

There is no lie that is beyond them; there is no back-room deal that is beyond them; there is no deception that is beyond them; in fact there is virtually no one that Bush has appointed to a government position that has not come out of the those who want to turn our governing body into one big corporate board of directors. Virtually everyone Bush has appointed came out of corporate America or was a corporate lobbyist.

BushCo & Company are making self-serving back-room deals, as they have with the taking over of one of China’s banks, while continuing to point their collective fingers at “evil” China and declare it a threat to our security. At the same time U.S. multinationals and investment banks are plowing borrowed money into China’s economy with the aid of the same people calling China a threat to the U.S.

With the world facing “Peak Oil” and the emergence of China as a growing economy, and the decline of Saudi oil, U.S. investors will continue to make money, only now thru China’s oil industry. For BushCo, it’s all about power and money. Who gets hurt in the process is of no concern to them. Both ends against the middle is going on here, and we are the ones in the middle getting squashed.

Thru this all we are constantly reminded by BushCo that “freedom and democracy” is on the march! My question is simple--by whose definition? A “For Sale” sign was hung on this nation when Bush & Company manipulated not only our system of elections, but the courts as well, when he was “appointed” to the seat of power; and he is now the man that tells us about freedom on the march.

Thru the WTO this consortium of ideologues that make up BushCo will attempt to do to China what it has done everywhere else, and that simply is to privatize, privatize, privatize. Wal-Mart is going strong in China as are all the other U.S. multinationals that are there. Now, U.S. companies are buying into Chinas banks that are trying to buy up U.S. companies. That’s a win-win for multinationals and their investors, and a lose-lose for us and the Chinese people.

Welcome to “free market capitalism, freedom and democracy” BushCo style. I hope you find the following articles as interesting as what I have. And if what I have written here seems confusing, that’s because this is rather confusing in terms of all the inter-connectedness of all these various right-wing organizations, their corporate connections and their nexus with government as they maintain a high level of “plausible deniability” in everything they do. Am I correct in how I am looking at this? I believe that I am, but time will most assuredly tell.

That said, I am certain of this: no one operates under a cloak of such secrecy as does BushCo if they do not have “things” to hide. And I am firmly convinced BushCo not only has a lot to try and hide, but it has even more to answer for.


...........................................................................
Additional sources and references:

U.S. Firm to Control China Bank
http://www.washingtonpost.com/wp-dyn/articles/A5136-2004May31.html
http://www.washingtonpost.com/ac2/wp-dyn/A5136-2004May31?language=printer
……………………………………………………………………………………..

Citigroup Buys 8.3 Percent PDB Stake
http://www.china.org.cn/english/BAT/52621.htm#
…………………………………………………………………………………..

Citigroup regroups
Citigroup unveiled "aggressive growth plans" for its consumer, retail, corporate and investment banking operations in China last month. During the launch of a new dual currency card with Shanghai Pudong Development Bank, Charles Prince, the group's Chairman and CEO (above), said that he was "very bullish" about the way the Chinese regulators and the government are dealing with the banking system. Citigroup is planning new offices in Beijing, and perhaps Guangzhou, and an investment banking presence will be built involving analysts specializing in Chinese companies. Prince did say, however, that the pace of any expansion depends on the opening of the market in line with China's accession to the WTO, and the group's ability to strike partnerships with Chinese institutions. So far, Citibank has expressed interest in taking an equity stake in China Construction Bank as part of the Chinese bank's IPO expected to take place early next year.
http://www.bankerme.com/
……………………………………………………………………………………

But the political debate about China is lagging behind events on the ground. The $18 billion bid for Unocal by the China National Offshore Oil Corporation ( CNOOC), China's third-largest oil company, was merely the latest and by far the biggest move by a Chinese company to buy a formidable American company.
http://www.nytimes.com/2005/06/24/business/worldbusiness/
………………………………………………………………………………………

Oil. Big Profits. Big changes? By Edward Teague
Exxon Mobil (NYSE:XOM), buoyed by record oil prices, became (by market capitalisation, $411BN Shares at $64) the largest company in the world. They have taken No1 place from General Electric (NYSE:GE) whose Market Capitalisation is today, $382. BN Exxon Mobil also claim to be the largest oil co in terms of proved reserves and production, including 36% of known North American oil and gas reserves.
http://www.williambowles.info/oil/oil_big_profits.html
......................................................................................................................

Comment to my article by Cathrine Austin Fitts:
webmaster@septembereleventh.org wrote:>Do you have any criticisms of this piece? It seems to explain well theUS/China/Neocon relationship:

Cathrine's Response:
Yes...I did not read carefully....but it looks like the gist isright.....this is why I call it a financial coup d'etatAdd to that my hypothesis that they got the money by stealing it from theUS government....$ 4 trillion missing....as well as pumping and dumpingour pension funds with telcom, enron and dot.com fraud....say a total of10 trillion.Hence, we are being bought with our own money...Which is why it is so important we stick all the 10 trillion of debt backto them....they are planning on sticking us with the debt they used to float the bubble that made it possible for them to steal the money...
...................................................................................................................

Jack Dalton is a disabled Vietnam veteran, activist and writer. His blog is Jacks Straight-Speak, and he is a columnist for the POAC as well as many other web publications.

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home