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Romney invests with China knowing they are "Stealing our Intellectual Property, Patents, Designs..."
Romney’s Family Trust Invested in Chinese Oil Company
In 2009 and 2010, the W. Mitt Romney blind trust invested $77,262 in shares of Cnooc Limited, the state-owned Chinese oil company, and Industrial and Commercial Bank of China. On Aug. 10, 2011, as Mr. Romney was emerging as a harsh critic of China, the shares were sold, producing a profit of $8,138, as the trust made money on the oil company but lost money on the bank.
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The trust also invested in derivative securities linked to the Japanese stock market and to an index that includes stocks in every major country except the United States. It invested in a derivative that would profit if the dollar fell against a group of foreign currencies.
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The Romney family trusts invested around the world. It also owned shares in Credit Suisse, the Swiss bank; FLSmidth, a Danish machinery company; Arcelormittal, a steel company based in Luxembourg with operations around the world, and Komatsu, a Japanese machinery company. All those investments were sold on Aug. 10, the day before a Republican debate in Iowa.
In 2009 and 2010, the W. Mitt Romney blind trust invested $77,262 in shares of Cnooc Limited, the state-owned Chinese oil company, and Industrial and Commercial Bank of China. On Aug. 10, 2011, as Mr. Romney was emerging as a harsh critic of China, the shares were sold, producing a profit of $8,138, as the trust made money on the oil company but lost money on the bank.
...
The trust also invested in derivative securities linked to the Japanese stock market and to an index that includes stocks in every major country except the United States. It invested in a derivative that would profit if the dollar fell against a group of foreign currencies.
...
The Romney family trusts invested around the world. It also owned shares in Credit Suisse, the Swiss bank; FLSmidth, a Danish machinery company; Arcelormittal, a steel company based in Luxembourg with operations around the world, and Komatsu, a Japanese machinery company. All those investments were sold on Aug. 10, the day before a Republican debate in Iowa.
http://thecaucus.blogs.nytimes.com/2012/09/21/romneys-family-trust-invested-in-chinese-oil-company/?smid=tw-thecaucus&seid=auto
Let this sink in:
"It invested in a derivative that would profit if the dollar fell against a group of foreign currencies"
Romney has a history of betting against America.
Then he ratcheted up his rhetoric against China in debates and on the campaign trail.
Ok let's see here...
The "blind trust" is administered by the Romney family lawyer, and any conversations between Mr. Romney and his lawyer are covered by privilege.
There is CLEARLY activity in the "blind" trust that sure seems to be coordinated with the campaign.
Can anyone tell me with a straight face that the "blind" trust has NO COORDINATION or DIRECTION from Mr. Romney? Seriously?
Romney: The Blind Trust is an Age Old Ruse
Oh but wait there is more...
Romney 'blind' trust dumps politically inconvenient investment as Romney attacks Obama on China
Demonstrating once again that Mitt Romney's "blind" trust is not so much blind as ostentatiously wearing dark glasses and carrying a cane while being able to see all the while, his tax returns show that on June 15 the trust got rid of shares in a Chinese online video company notorious for offering pirated American content.
That divestment is awfully convenient for Romney, since he's been making Chinese intellectual property theft a theme of his campaign. A Romney ad released Monday attacks President Obama for not "standing up to China" as "China is stealing American ideas and technology." That's the second Romney ad in recent weeks claiming Obama hasn't been tough enough with China, and Romney has also been hitting that theme on the stump, too:
Romney's efforts to paint the president as weak on China are seriously blunted by two things Obama pointed out in a recent Ohio campaign appearance: "you can’t stand up to China when all you’ve done is send them our jobs" as Romney has done in his career in private equity, and "We’ve brought more trade cases against China in one term than the previous administration did in two. And every case we’ve brought that's been decided, we won."
Obama will be in Ohio on Wednesday as tariffs he imposed on Chinese tire imports expire; it's unlikely he's going to a tire-manufacturing state that day if the tariffs will remain expired. Romney opposed those tariffs, by the way, because let's be real: in 2010 he didn't realize that in 2012 he was going to be running as Mr. Tough on China Even Though He Made His Fortune Sending Jobs There.
That divestment is awfully convenient for Romney, since he's been making Chinese intellectual property theft a theme of his campaign. A Romney ad released Monday attacks President Obama for not "standing up to China" as "China is stealing American ideas and technology." That's the second Romney ad in recent weeks claiming Obama hasn't been tough enough with China, and Romney has also been hitting that theme on the stump, too:
"Did you know they even have an Apple store?" Romney said at a rally in Virginia last week. "It's a fake Apple store; they sell counterfeit Apple products. This is wrong. We're gonna crack down on China when they manipulate their currency, when they steal our goods, when they don't protect our intellectual property. We're gonna make sure that China understands we mean business. Trade is gonna work for us, not just for them."
Romney's efforts to paint the president as weak on China are seriously blunted by two things Obama pointed out in a recent Ohio campaign appearance: "you can’t stand up to China when all you’ve done is send them our jobs" as Romney has done in his career in private equity, and "We’ve brought more trade cases against China in one term than the previous administration did in two. And every case we’ve brought that's been decided, we won."
Obama will be in Ohio on Wednesday as tariffs he imposed on Chinese tire imports expire; it's unlikely he's going to a tire-manufacturing state that day if the tariffs will remain expired. Romney opposed those tariffs, by the way, because let's be real: in 2010 he didn't realize that in 2012 he was going to be running as Mr. Tough on China Even Though He Made His Fortune Sending Jobs There.
http://www.dailykos.com/story/2012/09/24/1135761/-Romney-blind-trust-dumps-politically-inconvenient-investment-as-Romney-attacks-Obama-on-China
Kos Media, LLC
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Then there is this...
During his first bid for the presidency, Romney told reporters that his trustee, Boston-based lawyer Brad Malt, had been working to clean up the candidate's investments.
"My trustee has indicated publicly that he will make an effort to make sure that my investments to the extent possible and practical, will conform with my political positions," Romney said in 2007.
"My trustee has indicated publicly that he will make an effort to make sure that my investments to the extent possible and practical, will conform with my political positions," Romney said in 2007.
http://www.buzzfeed.com/rubycramer/romney-invests-in-number-one-geopolitical-foe-ru-4xvn
He has doublespeak on Russia too
Romney Invests In “Number One Geopolitical Foe” Russia
http://www.democraticunderground.com/10021408122
Just what I always wanted in a President of The United States...betting against us... all for the almighty dollar.
"I'm running for office for Pete's sake"...that's his answer, get rid of what looks politically devastating to his campaign.
Oh and then there is avoiding paying U.S. Taxes like the rest of us pay, by keeping his money in foreign countries.
DAMN who the hell can vote for this joker?
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