By Mish
... China right now has its US reserves parked in US treasuries. The logical spot for some of those reserves is US corporations and US assets, returning the dollars where they mathematically must return.
Now imagine the shock in Congress were China to make an offer to buy Exxon-Mobile, Boeing, Apple and a basket of technology companies, and every toll-road and bridge in the country. ..
To read the entire post
From the comments at MISH:
ReplyDelete"What Does $3,045 Billion Buy These Days? A few condos in Vancouver BC."
China was screwed in the Opium War and it's pay back time. Time to take back the silver.
From http://www2.uhv.edu/fairlambh/asian/opium_wars.htm:
"The real irritant in Chinese-British relations, however, came to be the unequal balance of trade between the two countries. The principal item of exchange was Chinese tea, which had become the British national drink over the course of the 18th century. By the early 19th century, British ships were transporting millions of kilograms of tea back to England every year. Unfortunately, English merchants
were unable to come up with products to sell to the Chinese in similar volume, and in some years, 90 percent of the cargo brought by British ships to China consisted of silver bullion."
"Low Plains Perspective"
China was screwed in the Opium War and it's pay back time. Time to take back the silver.
ReplyDeleteFrom http://www2.uhv.edu/fairlambh/asian/opium_wars.htm:
"The real irritant in Chinese-British relations, however, came to be the unequal balance of trade between the two countries. The principal item of exchange was Chinese tea, which had become the British national drink over the course of the 18th century. By the early 19th century, British ships were transporting millions of kilograms of tea back to England every year. Unfortunately, English merchants
were unable to come up with products to sell to the Chinese in similar volume, and in some years, 90 percent of the cargo brought by British ships to China consisted of silver bullion."
"Low Plains Perspective"
Question is, which did most damage: the opium sold to the Chinese or the tea sold to the British?
ReplyDeleteIf all the time the Brits have devoted to having a "nice cuppa tea" had been devoted to more constructive pursuits, Britannia might still rule the waves.
That is funny. I drink a lot of tea but never reserve a part of my day to partake.
ReplyDeleteThe same can be said of religion and the blue laws in Texas until 1986.
The Brits were flim-flamed by the City Of London and the Rothschild's. The City of London is as much a part of the UK as the Federal reserve is part of the USA.
Tea might have been the distraction, but it was the money changers who saw greater profits else where. Just like they are doing in the US and Canada today.
"Low Plains Perspective"
Correction:
ReplyDeleteThe City of London is as much a part of the UK as the Federal reserve is part of the USA.
The City of London is as much a part of the UK as the Federal reserve is part of the US Government.
"The City of London is as much a part of the UK as the Federal reserve is part of the US Government."
ReplyDeleteThe way David Cameron ran around after the Gulf Oil spill pleading BP's case with Obama, certainly indicates a strong link between the City and the UK Government. Perhaps one should say that the UK Government is an appendage of the City.
"Perhaps one should say that the UK Government is an appendage of the City."
ReplyDeleteLike a puppet is an appendage of it's master!
http://wideshut.co.uk/bank-of-england-city-of-london-and-the-queen/
"The City of London is not part of England or the United Kingdom. It is a privately owned corporation masquerading as a county – often talking heads on TV will even call it London PLC. It isn’t under the power of the Queen or the Government. Her majesty and the Prime Minister are subordinate to the Lord Mayor and have to listen to him and his delegates on financial decisions; that is why during the financial news they always cut to “the City” for updates. If the Queen enters the Mayor’s city, she is met by him at the perimeter “Temple Bar” and must bow and ask permission to enter his private and sovereign state."
"Low Plains Perspective"
Your quote:
ReplyDelete""The City of London is not part of England or the United Kingdom. It is a privately owned corporation masquerading as a county ..."
from http://wideshut.co.uk/bank-of-england-city-of-london-and-the-queen/? is, I think, erroneous.
The only function and power of the monarchy today is to deny the Prime Minister the prestige and charisma that comes with living in a palace, having the title and ceremonial role of head of state, head of the armed forces and supreme governor of the state church.
That is why liberal-lefties in Britain continually try to undermine the monarchy. The monarchy limits the scope for elected leaders to seize absolute power.
Although the City of London is formally titled "he City of London Corporation," it is not a private company. The City of London Corporation is simply the name of the local authority that governs that part of London known as "the City," which encompasses Britain's main financial center.
As to strange customs that may be performed by Monarch and Mayor at Temple Bar, the fact remains that the Lord Mayor of London is a loyal subject of the Queen, who upon taking office, travels, according to Wikipedia, "to the Royal Courts of Justice on the Strand, Westminster to swear allegiance to the Sovereign in the presence of the judges of the High Court."