Many, many years ago I decided to make a bumper sticker using the title of this article. You see, I suspected not many people understood or bothered to consider the future ramifications of illegal immigration and the Chinese government’s financial influences in America industry and politics. Sadly, I was correct as I just got a lot of weird looks from people. It’s pretty common.
The outcome of the 2012 Presidential election has served to warn America of coming trouble, yet most Americans haven’t a clue of just how deep anti-American financial interests are buried in our government.
Just to give the average American an idea of the kinds of destructive influences, not only tolerated, but welcomed at our federal level, I offer the Blackstone Group. Blackstone Group L.P. is a U.S. based alternative asset management and financial services company that specializes in private equity, real estate, credit and marketable investment strategies. Things like mergers and acquisitions, restructuring and reorganizations and private placements. It was founded in 1985 by men who previously worked together at the Wall Street giant Lehman Brothers. You remember Lehman Brothers, the 4th largest U.S. investment bank whose bankruptcy filing played a major role in the unfolding of the 2008 global financial crisis.
Fast forward to May 2007 the eve of both the 2008 election and the dawn of the unforeseen (yeah right!) subprime mortgage crisis. In an attempt to diversify its 1.2 trillion in foreign-exchange reserves, beyond U.S. Treasuries, the Chinese government purchased a stake in Blackstone a very influential American venture capital firm. Blackstone welcomed China’s investment, and who wouldn’t, given the anticipated decline of the American dollar and the wild popularity of creating the world’s largest hedge fund based in China. History was being made.
Last year, Blackstone Group contributed $3.4 million dollars to U.S. political campaigns and its combined lobby expenditure totals for years 2011-2012 is $11.6 million dollars. According to www.opensecrets.com, Blackstone is rated 59th out of 20,484 big campaign contributors in American politics. Number 59 has over 40 lobbyists dedicated to whispering sweet nothings in the ears of our elected representatives on issues like Taxes, Health Issues, Travel & Tourism, Immigration and Medicaid & Medicare.
Again, as per the folks at “open secrets”, former Presidential candidate Mitt Romney, the guy who claimed he would label China a currency manipulator received $359,225 in campaign contributions through Blackstone. For some reason Barack Obama was not as popular with the folks at Blackstone pulling in a paltry $142,381 for his re-election efforts. Perhaps President Obama’s second place finish in the hearts of Blackstone contributors had something to do with Blackstone money funneling to the struggling campaigns of Democratic House and Senate candidates? I don’t know.
Both high ranking Democrats and Republicans were recipients of Blackstone Groups benevolence. As a matter of fact over 89 (I stopped counting) elected representatives at the federal level are in the pockets of Blackstone Group an organization that is involved in the purchase and in some cases liquidation of U.S. companies for its Chinese Investors.
Ten days ago, on Dec. 10th, New China Trust Co., purchased 80.1 percent of American International Group Inc. (AIG)’s plane leasing unit with an option to buy another 9.9 percent in the future. You remember AIG the too big to fail American Financial conglomerate that required $185 billion dollars in tax payer bailout money. On Dec. 12th, two days after the agreed to fire sale of an AIG operation to the Chinese, the U.S. Treasury announced it was bailing on the balance of U.S. taxpayer owned AIG stock valued at $235 million by launching an underwritten public offering for the remaining shares of the bailout behemoth. No telling who will purchase these shares, but my guess is it’s not going to the Kenyan Government.
I often wondered how a government with our debt to GDP ratio can maintain any legitimate bond rating and continue to borrow without a care. Given the backroom deals and the carefully nuanced purging of U.S. assets to our foreign creditors, I don’t think I really need to wonder about it anymore. How about you? Spanish or Chinese?