Editor’s Note: Last week’s post, Russia-China Proposals; “Rebalancing” Global Currency Reserves: Why the U.S. Can’t Take Anything for Granted Re: the Dollar, inspired American Lassie to develop a few observations/opinions:
~~By American Lassie
China won’t be buying any more Treasury Bonds, for a while at least, because the yield is too low. Not enough bang for the buck. The Federal Reserve has been buying Treasury Bonds like a drunken sailor for a reason. To keep the yield low. They don’t want China to buy any more bonds, IMO. China has too great a strangle hold on America as it is. Bernanke and Geithner don’t want the people of America to buy bonds right now, another reason for keeping the yield low.
It is my opinion, and many people will differ with me on this, that Geithner and Bernanke want Americans to invest in stocks to help bolster Wall Street and the banks, and to buy, buy, buy durable goods to help move the economy along.
The plan being that if the banks are strengthened and do what they have been given all this bail-out money to do, they will lend more freely to make it possible for the people to buy these durable goods– cars, washing machines, refrigerators, household furniture, etc. If they free up the money needed by business to continue producing these goods, there might be a slim chance that this thing could turn around. But if the banks continue to put the bail-out money where they have been putting it, it will be the same old same old.
It stands to reason that Americans won’t buy Treasury Bonds with such a low yield, especially when they have so little faith in their government.
China may not be in the market for any more Treasury Bonds because of the low yield, or the fear that the large investment they already have in the notes is losing their vallue. But this hasn’t prevented their continued buying and leasing of U.S. real estate.
The Vantone Industrial Co., Ltd, a Chinese real estate group has just become the first commercial tenant of the still under construction skyscraper to replace the Twin Towers destroyed on 9/11.
They have taken a 20-year lease on the top floors of the 70 floor building to begin when the building is completed. It is projected to be completed in 2013.
The floors 64 through 69 will be known as the China Center. Wonder what the 70th floor penthouse will be used for? Any guesses?
Vantone Industrial provided the Port Authority with a $10 million dollar letter of credit. What goes on here?
No more Treasury notes, but a real estate coompany establishing itself in the new trade center. This is indeed food for thought. Know thine enemy. Our intelligence people had better be on hand constantly while that 70th floor is under construction, and after, IMO.
Our government notes aren’t so valuable right now, but the soil of the United States is still coveted by many. What better way to keep your ears peeled than to set up shop on the top floors of the tallest building in the city.
Regarding the 1st Bernard Schwartz Economic Policy Symposium sponsored by the New America Foundation (See this post for more details: A Reminder: Live Streaming of the First “Bernard L. Schwartz Economic Policy Symposium” Today (3/26) With a Rather Interesting Group & Agenda [To End “Fumbling” on Economic Policy]):
It’s important to note: “The Honorable Laura Tyson holds the Chair in Global Management and Public Policy, at the Haass School of Business at the U of C at Berkley.” (Haas being Richard Haass, the President of The Council on Foreign Relations [CFR].)
I will point you to an article, (that I was saving with other research for a possible post), that I think you will want to read. It’s a short article but it is very informative.
Let’s take a closer look at THE NEW AMERICA FOUNDATION…
On the matter of the “New America Foundation,” don’t get your hopes up people because this is nothing new. It’s like the message we used to get continuously during the commercials in the old time soap operas. “Duz does everything”- “New and Improved” – “Better than Ever”, the blurbs go on and on, but we still got the same old soap only in a different box. The primary drivers in this group are the same re-cycled Democrats who brought you Hopey Changey politics this past election cycle.
LAURA TYSON, the Chair of Global Management and Public Policy, Haass School of Business, Univ. of Calif. at Berkeley, has an impressive resume and there is no doubt that she is an extremely intelligent economist who need not take a back seat to anyone in her field. She was top economic advisor to former President Bill Clinton. She was head of the National Economic Council and Chair of the President’s Council of Economic Advisors. In fact, her skill and expertise, in my opinion, played a major part in the financial surplus that Bill Clinton left to the American people when he left office.
I admire Laura Tyson greatly as an economist, but the fact that she is a member of The Council on Foreign Relations (CFR) as are the people with whom she associates, disturbs me more than a little. Her association with Richard Haas, President of the CFR bothers me a lot.
The following was written on April 2, 1997 by Fernando Quintero, a reporter for the Rocky Mountain News in Colorado. Mr. Quintero spent a number of years working in higher education. He was a writer and editor for the University of California at Berkeley Office of Public Affairs.
“Over the past four years nearly a quarter of the University’s (U of Calif. at Berkeley) economics faculty at the Business School and the College of Letters and Sciences has taken leave to go to Washington. No other university outside the Ivy League has provided the White House with so much economic brain power.”
The fact is, a Berkeley Mafia does exist and Tyson is the Godmother.”
BERNARD SCHWARTZ, along with Tyson, is also a member of The Council on Foreign Relations. He is chairman and CEO of BLS Investments, LLC. His concern over our deteriorating infrastructure is legitimate. This has been his baby for a long time, but as in the case of Tyson his connections are to be questioned. Mr Schwartz is a very benevolent donor to the Democratic Party.
GEORGE SOROS is another member of the “New America Foundation”. Mr Soros is a leading figure in the CFR and close with Henry Kissinger (who once made the statement that Jimmy Carter isn’t the President of the United States, the Trilateralist Commission is, and I am the Trilateralist Commission). Soros is also a confidante of Zbigniew Brzezinski and George Soros is also a partner in the Carlyle Group. He is truly a busy and involved individual.
“The Carlyle Group specializes in seizing control of aerospace and defense contractors and then strong-arming contracts out of the Department of Defense.”
“Shortly after September 11, George Soros developed a strategy how to manipulate messages within the media.”…
It is my personal opinion that George Soros is a very evil man, and anything he touches smells of fire and brimstone. This nefarious creature has caused untold damage not only to the United States of America, but to other countries. He is evil personified and he does not wish well for our country and any group that he is connected with, in my opinion, is just as dirty as he is.
I love my country very much, my ancestors fought and died for this country, and to see this foreign-born billionaire, who was able to come to this country and make a fabulous fortune and then turn around and try to ruin us, makes my blood boil. He is one of the main players in the quest to level this country to third world status enabling himself and his cohorts to pronounce a New World Order. He recently said something to the effect that this crisis has satisfied his life’s ambition. What kind of devil makes it his life’s ambition to see people out of work, losing their homes, going hungry etc.? Old Beelzebub must be down there dancing a jig.
“COUNCIL ON FOREIGN RELATIONS, a U.S. think tank. Some CFR critics say the Korean War, the Vietnam War and the Civil Rights movement were all arranged and approved by the CFR and the insiders. And that each one has played on a kind of reverse psychology:
The more societal unrest there is , the more people will turn (sic) its govenment for control, eventually becoming so desperate for order that they grant their government more and more power over every citizen’s private life.”
“Some of their directors hold important positions in many other worldwide connected companies or government related institutions: John Deutch, Richard Holbrooke, Theodore Sorenson, George Soros, or David Rockefeller.”
So you can readily see why I think the New America Foundation is nothing more than the CFR. New and improved? Not at all. This is the same old bunch with the same old ambitions. Just using a new package to try to fool us old dumb citizens who they think will swallow anything. Not anymore, Buster. The cataracts are off our eyes and the wax is out of our ears and we have a steel rod up our spines and we say to you – fool me once, shame on you – fool me twice, shame on me.
No sale, Mr. Soros and Ms. Tyson. Money is so tight right now that I’m mighty particular what I spend it on and your lying, treacherous words don’t fit into my budget. Take your global philosophy and eat it– I’m not buying and I’ll bet no other thinking and reading American will either.
Filed under: Current Politics | Tagged: 1st Bernard Schwartz Economic Policy Symposium, bank bailout, Berkeley Mafia, Bernard Bernanke, Bernard Schwartz, Bill Clinton, BLS Investments LLC, Carlyle Group, China, Council of Foreign Relations (CFR), David Rockefeller, Democratic Party, Federal Reserve, Fernando Quintero, George Soros, Henry Kissinger, Jimmy Carter, John Deutch, Laura Tyson, New America Foundation, New World Order, New York Port Authority, Richard Haass, Richard Holbrooke, Rocky Mountain News, Theodore Sorenson, Timothy Geithner, Trilateralist Commission, Twin Towers, U.S. Treasury bonds, University of California at Berkeley, Vantone INdustrial Co. Ltd., Wall Street, Zbigniew Brzezinski |