The Chinese and Singapore governments have become key investors in Barclays,
helping the UK firm to raise its offer for the Dutch bank ABN Amro.
The deal was arranged by the leading US private equity house, Blackstone - which recently sold a £1.5bn stake in itself to the Chinese state.
The Chinese state has $1.2 trillion of foreign exchange reserves to invest, much of which has been placed in US Treasuries or government bonds.
China recently signalled it would be taking a more imaginative and aggressive approach to how it invests hundreds of millions of dollars, including buying significant holdings in overseas companies.
Dollar Shy !?
How to disinvest in the dollar without urging its value to slide !?
Invest in Western Firms/Corporations,…
"Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society (destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
-- John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
The Chinese state has $1.2 trillion of foreign exchange reserves to invest, much of which has been placed in US Treasuries or government bonds.
China recently signalled it would be taking a more imaginative and aggressive approach to how it invests hundreds of millions of dollars, including buying significant holdings in overseas companies.
Dollar Shy !?
How to disinvest in the dollar without urging its value to slide !?
Invest in Western Firms/Corporations,…
"Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society (destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
-- John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
posted by dion at 09:17
1 Comments:
So this deal, did not in fact go through,. The fellas at ABN flipped out when they heard the story, deciding the whole thing to be a bit too hard to swallow,..
I mean really, We've been led to believe that these commie pig-dogs are irrational and want to eradicate us for all this time,.. Who would now allow the East to literally buy out the rest, oop, West,.. tsk tsk,..
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