Coincidence..I think not

I was watching 60 minutes today and one of the top headlines was a story about the US and world economy. Basically it was talking about how countries are pouring money into our economy to help major corporations because of our current recession. Countries like China, Kuwait, Abu Dhabi are investing billions of dollars in shares of companies such as Citigroup and other "mega banks".

This, as 60 minutes put it, "has raised troubling questions: are these mostly undemocratic regimes saving Wall Street … or invading it?"

Now doesn't this sound familiar??

If you read my last post you would have noticed that US corporations have been throwing money into underdeveloped countries and getting oil, UN votes, etc from that.

It seems as though the US is afraid they are going to be in the same cruddy boat they built for other countries.

One of the biggest worries for the US is China. China has trillions of dollars to spend and lately have been focusing their attention on the United States. Economist Peter Navarro explained "China’s pattern of behavior: its unfair trade practices, currency manipulation, technology espionage, and a refusal to crack down on counterfeiting." This seems really scary but it's hard to dismiss the fact that this is what the United States has been doing for years.

Coincidence..I think not