It seems, at least to this writer, that we, (our nation), are sitting squarely on the auction block these days.
Foreign investors, most notably China, and some middle eastern countries already own huge chunks of our economy, in the form loans in the hundreds of billions of dollars, that have become the rule, rather than the exception. And now, while the CEO's of some of our nations biggest lending institutions are receiving bonuses and compensations in the hundreds of millions of dollars, the companies that they managed are collapsing under the weight of the thousands of home foreclosures, (created in large part by their own greed),that are ruining countless families, and endangering our economic way of life.
As property and home values plummet, and the value of the dollar continues it's free-fall against currencies around the world, foreign investors are now gobbling up real estate at a accelerated rate. States like Florida and Texas are aggressively courting these investors for the dollars they bring. And their buying power is further enhanced by the falling dollar. And every day more of our nation is owned by foreign nationals.
It really makes you wonder what our nation will look like in 20 years.
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