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When you buy more stuff than you sell, eventually you have to sell
off parts of the farm to pay the bills. You can say "we're
engaging in commerce... hurray!" But you have to sell off
assets. It's a dumb strategy.
The U.S. - if you didn't know
- is buying more than it sells. $800 billion more than it
sells. And we're selling off the farm because of it. Even
though wacko free traders say "we're engaging in trade... hurray!"
This is what we have wrought, with no signs of slowing, only signs of acceleration:
For much of the world, the United States is now on sale at discount prices. ...
Last
year, foreign investors poured a record $414 billion into securing
stakes in American companies, factories and other properties through
private deals and purchases of publicly traded stock, according to
Thomson Financial, a research firm. That was up 90 percent from the
previous year and more than double the average for the last decade. ...
Beneath
the headlines, a more profound shift is under way: Foreign entities
last year captured stakes in American companies in businesses as
diverse as real estate, steel-making, energy and baby food.
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