in either 1992 or 1988, the issue of foreign owners of prime realestate

[salin]

was huge. Coverage of Japanese owners of prime realestate in NYC was all over the place. Can't remember which year - or how the issue was catapulted into the campaign. However... it leads to the question that is NOT being addressed - that is RIPE for raising eyebrows and tearing some bush voters away from his bossom...

INCREASED FOREIGN OWNERSHIP of US DEBT. It used to be as we sold notes to finance our deficits that only a relatively small portion went to foreign investing interests.... but as we have returned to massive deficit spending - there has been a steep increase in the rate of buying (and thus financial obligations due to) by foreign investors... more than half, I believe. Why isn't this being pushed as an issue?

[salin]

1. guess the issue could be packaged as: "Globalization of US Debt"

[juajen]

2. I don't know, but

Bill Clinton made a pretty big deal about it in his speech at the Dem. convention. I thought then that this was a big issue and I certainly wish they would pound on it.

[Dark Jedi]

3. Selling of America is OK with Repugs

Someone should (push this as an issue). It certainly is a big concern for me.

[sweetheart]

4. They've got a perfect cynic's bet

By letting the notes be held by foreign interests, they are
denominated in dollars, so any currency that increases in value
related to the dollar gets zip returns. Its a pyramid confidence
game. Then there is financial MAD, if the USA dumps its currency
and "revalues" the debt on johnny foreigner's purse.

So there is a symbiotic interest in no change away from the current
status quo of economic hegemony. Perhaps its like a cycle of
ossifiction, and that one day there will be "ONE" computer corporation, and the following year, a billion computer corporations, and letting capital be owned by contract is a USA
standard globally already, with only "protected markets" not open
to cross ownership.

I can't help but see something good in cross ownership, as it
swaps interests and concerns that nobody can benefit by making war
on his own global business interests.