Quote:
Originally Posted by nmap
Saudi Arabia and other ME countries control a great deal of money. The U.S. borrows a lot.
And so, Abu Dhabi Investment Council buys a 75% stake in the Chrysler building in New York. Boston Properties, with funding from the investment authorities of Qatar and Kuwait, and Meraas Capital, a Dubai-based private equity fund, bought the General Motors building for US$2.8bn earlier this year. Which merely scratches the surface of the wealth transfer from us to them.
With their money, they can pull many strings. A Google search suggests they have extensive media holdings. Perhaps they can pull political strings. And through that, all other strings.
I am reminded of QP Peregrino's quote from Cicero.
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I read a lot of your posts. This reading is usually concluded by a mouth full of blood, as I have bitten my tongue. The post above is pure drivel. Do you not realize that when financing a piece of property using more debt than equity, a foreign investor incurs a liability instead of acquiring wealth (neither of the transactions above were arbitrage plays)? Yet from this flawed analysis of the basic facts you are able to spin the most fabulous story!
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"Whatsoever thy hand findeth to do, do it with thy might; for there is no work, nor device, nor knowledge, nor wisdom, in the grave whither Thou goest." - Ecclesiastes 9:10
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