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Old 02-21-2006, 02:19 PM   #8
Cherish
 
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Join Date: Dec 1999
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Quote:
Originally Posted by Lucille
Quote:
Originally Posted by Cherish
But it's ok to allow other countries to buy the Fed's immense debt...hmmm...
Debt is not the same thing as controlling who and what enters U.S. territory from a foreign territory.

Money and resources are one thing, but allowing a foreign entity to control your borders is assinine.
Quote:
At issue is the purchase last week of London-based Peninsular and Oriental Steam Navigation Co., by Dubai Ports World, a state-owned business in the United Arab Emirates, or UAE. Peninsular and Oriental runs major commercial operations in New York, New Jersey, Baltimore, New Orleans, Miami and Philadelphia.
They bought a company based in London which runs certain border operations. The US can switch operators if it feels paranoid enough about it.

When other countries own that much of the US treasury's instruments (and that's without looking at other holdings), that's a form of control... the kind that's not so easy to get out from under.
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