21 American Ports Scheduled for Transfer to UAE Monarchy This Wednesday

[kpete]

21 American Ports Scheduled for Transfer to UAE Monarchy This Wednesday 3/8/2006
By chip
Created 2006-03-06 16:54

The British Court of Appeals today declined to hear an appeal by Miami-based Eller Company. The British seller, P&O issued a statement saying that the takeover by the United Arab Emirates monarchy's company, DP World, will occur this Wednesday, March 8th. British Justice Nicholas Warren reportedly wrote in his opinion that he didn't find Eller's concerns about US port security creditable.

So now, forty million of our fellow Americans (85% of them blue state residents) have increased reason to wonder whether they will be safe from a chemical, biological, radiological or nuclear (CBRN) attack each day. Americans affected today live in areas surrounding not only New York, New Jersey, Baltimore, Philadelphia, New Orleans, and Miami, but also near Portland ME, Wilmington DE, Davisville RI, Boston MA, Norfolk VA, Gulfport MS, Baton Rouge LA, St. Charles LA, Beaumont TX, Port Arthur TX, Houston TX, Galveston TX, Freeport TX and Corpus Christi TX.

Almost 40% of military equipment supporting Iraqi Operation Freedom flows through the Texas ports of Beaumont and Corpus Christi. Soon, a Middle Eastern monarchy used as “a key transfer point for illegal shipments of nuclear components to Iran, North Korea and Libya” will directly control substantial shipments of U.S. military equipment.

There are many valid reasons to question our national security interests in this deal, none of them xenophobic. Dubai, recognized as the Middle East's financial capital, is the old wild west, Middle Eastern-style. It's renowned as a hub for smuggling, money laundering, and underground banking. "Iran," adds one U.S. official, "is building a bomb through Dubai."

http://www.democrats.com/node/8092

[MadMaddie]

1. So that should be our message...

Foreign countries run America....Bush sold our country from under us!!!

[TomInTib]

2. Wait until they start selling the National Parks...

and our water rights.

And you can bet on it.

[izzie]

3. I can just see our underground military getting their guns ready

--

[stillcool]

4. an interesting site....

FOREIGN OWNERSHIP OF MAJOR U.S. INDUSTRIES

INDUSTRY PERCENTAGE FOREIGN OWNED
Mining 27%
Information 24%
Manufacturing 20%
Professional, scientific, and technical services 20%
Finance and insurance 11%

COUNTRY OWNERSHIP OF U.S. GOVERNMENT DEBT
Japan $687.3 Billion
China $252.2 Billion
United Kingdom $182.4 Billion
Caribbean Banking Centers $102.9 Billion
Taiwan $71.8 Billion
Germany $63.5 Billion
Korea $61.7 Billion
OPEC $54.6 Billion
Hong Kong $48.1 Billion
Canada $47.8 Billion

Grand Total $2,065.5 Billion

http://www.economyincrisis.org/congress/foreignownedind.asp

[FloridaPat]

6. That's $2 trillion right? So who is owed the other $6 trillion?

I think $3 trillion goes to Social Security.

[stillcool]

8. My bad....I neglected to put in the dates of the stats...

ownership of debt....
This data comes from US Federal Reserve - Current as of September, 2005
Total foreign ownership of US Federal deficit currently stands at 45% as of end of first half of 2005

and ownership of industry....
This data comes from IRS (Internal Revenue Service) - Current as of 2002 (latest data available)
Foreign ownership refers to ownership of assets of a particular industry by foreign controlled domestic U.S. Corporations (FDC) 50% or more owned by a foreign entity.

Conclusions:

Foreign sources financed 54% of US Federal deficit in 2002, 73% in 2003, and 99% in 2004

Total foreign ownership of US Federal deficit currently stands at 45% as of end of 1st half of 2005

The US Government currently owes Japan $687 Billion, China $252 Billion, and Korea $62 Billion - together $1.0 Trillion

The US Government currently owes $2.0 Trillion to foreign lenders
http://www.economyincrisis.org/congress/foreignownedind...

[FloridaPat]

9. Which means the Feds owe the People $6 trillion?

What a mess they've gotten us into Ollie.

[slaveplanet]

5. British seller????

the operator of the ports is a Wholly owned AMERICAN subsidy of p&O.

It is an American Company, The press is misrepresenting the situation.

The CEO kept stating it was an American company on CSPAN

[KansDem]

7. That's the quickest 45 days I've ever seen!

I must have been asleep during most of that time :boring: