"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Monday, May 30, 2016

About 100,000 in U.S. now work for Chinese firms

AMC, now Chinese owned

The Road To Serfdom
  • Company by company we are selling off our wealth, natural resources and land to the Communist Chinese.
  • With every sale and "investment" Communist China gains influence and economic power inside the U.S.

(McClatchy News)  -  In the tiny North Carolina town of Tar Heel, the Smithfield Foods Packing Co., the world’s biggest slaughterhouse that often smells of pig manure, belongs to a giant Chinese meat-processing company.
Hundreds of movie theaters across the country are owned by the Kansas City-based AMC Theatres chain, which reports to China’s richest man.
And in Miami, a luxury condo tower called One Thousand Museum is rising over Biscayne Bay. Its contractor is a Chinese firm, the largest builder in the world’s most populous country.
In a presidential campaign focused on the loss of American jobs, a recent study shows how U.S. jobs are created or preserved under China’s investment boom in the United States.
China has spent more than $100 billion since 2000, buying or making significant investments in 1,900 companies. That flow is accelerating: In the first quarter of this year, Chinese firms had $30 billion in pending or completed deals, according to Stephen Orlins, head of the National Committee on U.S.-China Relations, a New York-based organization that researches the two countries’ ties.
The Chinese Communist Party is censoring American Movies
MGM, the studio behind the remake of the 1984 movie "Red Dawn,"
digitally altered the Chinese invaders attacking the U.S. to make them
North Koreans reports the 
Los Angeles Times.
Read More . . . .

The Chinese purchasers, many of them state-owned or with close government ties in Beijing, are responsible for almost 100,000 American jobs, according to a recent report by Orlins’ organization and the Rhodium Group, a New York company that provides research on global business trends to U.S. and foreign companies.
One of those jobs is held by Brad Meltzer, president of Plaza Construction Florida, which is building One Thousand Museum, set to open by next spring with a $49 million penthouse and condos starting at $5.7 million.
The Miami-based company’s parent group, Plaza Construction, is headquartered in New York. It’s owned by China Construction America of Jersey City, N.J., a subsidiary of China State Construction Engineering LTD in Beijing. “That investment has offered us dynamic growth opportunities,” Meltzer told McClatchy.
Most purchases of American firms by Chinese or other foreign companies draw little, if any, attention from the U.S. government. But a small number raise such high national security concerns that they are vetted by a secretive multi-agency committee of six Cabinet secretaries and the U.S. attorney general.
The Committee on Foreign Investment in the United States (CFIUS), set up by President Gerald Ford in 1975 to safeguard the country, in recent years has focused increasingly on Chinese acquisitions.
Communist Bacon
The Chinese Communist Party is working with so-called "private" 
Chinese companies to buy up companies all over the world.  
The Shuanghui company purchased Smithfield food products.

The fact that Shuanghui is effectively controlled by the 
Chinese government means that it presents a national security 
threat to the United States.
The top executive at Shuanghui “is a high-ranking member 
of the Chinese Communist Party,” Mr. Slane said, and he was 
appointed to that job by the party. “If he does not do what they say, 
hey will remove him or worse.”
See our article 

Among the most high-profile deals, CFIUS in 2013 approved the Chinese purchase of Smithfield Foods, which has operations in 26 states and supplies ham and other pork products to the U.S. military.
Last year, it allowed the sale of the New York’s fabled Waldorf Astoria hotel, home to visiting American presidents and foreign dignitaries, to Anbang, one of China’s largest insurance companies.
However, CFIUS in 2012 rejected a Chinese firm’s purchase of an Oregon wind-farm complex because of its proximity to a major Navy training base. President Barack Obama upheld the decision after the Chinese company objected.
In February, 46 House Republicans led by Rep. Robert Pittenger of North Carolina wrote a letter asking CFIUS to conduct a “full and rigorous” review of the pending purchase of the Chicago Stock Exchange by Chongqing Casin Enterprise Group, a large Chinese real estate and infrastructure investment company. CFIUS is also expected to vet a $5.4 billion bid by Haier Group, which Scientific American named last year as one of China’s most innovative companies, to buy the appliance-division of General Electric, headquartered in Louisville, Ky.
“As China becomes more and more invested in the United States, it has a bigger and bigger stake in the success of the American economy, so that creates a shared interest,” said Chris Brewster, a Washington lawyer with Stroock & Stroock & Lavan who represents Chinese and other firms seeking to buy American companies. “At the same time, plainly these investments can present national security considerations for the United States.”
Chinese acquisitions now make up more than one-fifth of all foreign purchases or significant investments vetted by CFIUS. In 2013 and 2014, China moved ahead of all other countries for the first time, according to the committee’s required annual reports to Congress.  Read More . . . .
The Modern Serf
Workers will become "Serfs" in their own nations as foreign companies
and governments buy up land and businesses.

The Road to Serfdom Series
The world is moving toward a modern form of Neo-Serfdom where everyone works for the all-powerful State or businesses controlled by the State.  A world where individual property rights and freedom do not exist.

Freedom is slowly vanishing.  What happens when the major employers are owned by government backed investment groups, or your food comes from government owned farms, or your news is delivered by so-called "private" corporations that are in reality connected and interconnected to governments?

George Orwell had a name for it:  Big Brother.  Benito Mussolini had a name too: Corporatism or Fascism.

Please check out other stories in our Serfdom series.

China buys Australian ranch the size of Ireland
US Marshals arresting people over student loans
Saudi Arabia buying up farmland in US Southwest
Slave labor provides shrimp to Costco, Whole Foods and Olive Garden
Putin's Homestead Act to boost Russia’s middle class
The Destruction of the Middle Class Continues

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