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Have You Noticed a Push to Put Your Money in Overseas Investments?

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DemocracyInaction Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-21-05 04:14 PM
Original message
Have You Noticed a Push to Put Your Money in Overseas Investments?
I keep running into the same push on one financial network after another. I first heard the "invest in China" a number of months ago; but now it has turned into a big din to just plain invest overseas. They are pushing for anywhere from converting 40% to 60% of your investments to overseas investments. So, let's see.....Bush got the fat bastards a big tax break so that they could start taking the money OUT of this country. Yep, that's a good way to stimualate our economy. Americans have no clue that their entire underpinning is being ripped away more and more each day by these "loyal to no country" greedy slime, do they??? They don't realize that they are financing their own extinction.
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On the Road Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-21-05 04:19 PM
Response to Original message
1. The Timing is Horrible
The exchange rate affects investments just like other tranactions. Those foreign stocks are very expensive.

Plus it's really no security against a downturn. When the US sneezes, the rest of the world catches a cold.
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Zenlitened Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-21-05 04:36 PM
Response to Reply #1
5. Agreed. Lots of people are saying "buy Euros!"
I'm inlined to say "Too late!" :(
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whathappened Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-21-05 04:23 PM
Response to Original message
2. that's what bothers me the most
my father your father or mother have been the one's who have built the back bones of this nation , and past on there jobs to the next generation , why is it , now we don't need to supply jobs and a future to the people of this nation , i just don't get what this is about , other then pure greed by the people and for the people
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Up2Late Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-21-05 04:26 PM
Response to Original message
3. This has been going on for months
The foundation of the U.S. economy is crumbling beneath us.

Check out this web site, lots of good links and info:
<http://www.copvcia.com/>

Look under Economy, Gov't Corrupt/Complicity
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Wright Patman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-21-05 04:30 PM
Response to Original message
4. If the globalist corporate bosses
Edited on Mon Feb-21-05 04:31 PM by Wright Patman
won't invest here (and they won't), why should we? You can call Bill Gates and Warren Buffett "unpatriotic" if you're the Shrub. I call them shrewd investors (or "disinvestors" at this point).

Where is the Shrub family fortune located? Rumors are they have billions in offshore accounts and have had for generations.

I think the only thing there's going to be left in this country are people flipping real estate back and forth to each other.

http://www.europac.net
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Up2Late Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-23-05 03:53 AM
Response to Reply #4
6. And Jobs Flipping Burgers
We're DOOOOOOOMMMMMED!!!!!!!!!!!:hurts:
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mainer Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-23-05 07:39 AM
Response to Original message
7. It only makes sense for investors. they're not stupid.
Those of us who can see where the dollar's headed are going to react to protect our savings, aren't we? The advice isn't just for bigwigs. It's for everyone who can see where the US is going. Down. Sorry to say, we're no longer #1. We are a debtor nation, and there are bad times coming. So how to invest overseas? Frankly, it's hard to invest in Euros. What I've been told is to invest in multinationals that have assets not just in the US, but abroad. They will be less vulnerable to the falling dollar. There are also mutual funds that specialize, say, in Asian markets.

The US is failing for a number of reasons, and the very things that could keep us on top -- a well-maintained infrastructure, a generation of kids well-versed in math and science -- are being totally destroyed by the fundamentalists and anti-scientists.
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Skidmore Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-23-05 07:49 AM
Response to Original message
8. Is there any way to organize investments beyond these piddly
vested retirement plans we're required to participate in at work so that investments can be made in this country supporting companies that value the American marketplace? I know that lots of people are trying to "buy blue", but is there some entity/index or whatever that will coordinate investment in a similar manner. We have TIAA/Cref and they have a Social Choice index, but that does not necessarily mean that the companies invested in on that index aren't exporting jobs.

I'd like to see a new "buy American" movement; and if it's not produced here "invest American" so that we have the companies again.
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LizW Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-23-05 08:03 AM
Response to Original message
9. Yes, I heard it from my financial advisor a few months ago.
I didn't understand it at the time, but now I do.
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