Showing posts with label Selling Freedom at the Highest Price. Show all posts
Showing posts with label Selling Freedom at the Highest Price. Show all posts

Tuesday, September 25, 2007

The 'Greatest' Socialist Effort In Modern Times Is About To Come True! It Is America's Future!

High Oil Prices? You Aint Seen Nuttin Yet! Especially When The International Taxes Start!

Come Thursday, the future of the United States Senate will begin to take shape. On that day, the Senate’s Foreign Relations Committee will begin the first of two days of hearings on the ratification of one of the most momentous international agreements in memory: the United Nation’s Law of the Sea Treaty (LOST).

If all goes according to the proponents’ plan, few Senators will have any idea what LOST entails before they are asked to vote for it. The working assumption is that many legislators will be inclined to do in this case what the Senate has done too often in the past with respect to arms control and many other, complex multinational accords: fail to read the text; forego serious deliberation, let alone debate, about it; and rubber-stamp its approval in a matter of days, if not hours.

At the moment, the Treaty’s supporters expect to secure far more than the needed two-thirds vote required by the Framers. Senators are encouraged not to spend precious time worrying about an accord that the United States Navy strenuously supports, the Bush Administration wants promptly ratified, various mining and energy interests and environmental groups (however implausibly) agree is desirable and the bipartisan Senate Foreign Relations Committee unanimously approved a couple of years ago.

... so why worry?

LOST was designed three decades ago by the Soviet Union and its so-called “non-aligned” allies to foster supranational entities at the expense of nation states, particularly those with representative governments. The Senate of the United States would be as irrelevant to that sort of world order as national parliaments in Europe have already become, thanks to the transfer of virtually all rule-making authority to the European Union’s bureaucrats in Brussels.

The piece of the world in question starts with its oceans, which the Treaty calls an “international commons” and part of “the common heritage of mankind.” The immediate focus of the socialist, redistributionist agenda shared by many of LOST’s principal architects is evident in the mandate given to the organization charged with exercising control over the seas and the resources that lie beneath them. It entails, among other things, ensuring the just and equitable dispersal of the wealth of the seabeds to the world’s developing and land-locked nations.

Make no mistake, though. The seas are only the starting point. For one thing, the internal waters and even land masses are claimed as within the jurisdiction of LOST agencies since what emerges from them in the air and water inevitably affects the “marine environment.”

In addition, the UN and its anti-American majorities are keen to establish similar arrangements with respect to other so-called “international commons,” such as Outer Space and the Internet. They seek to institutionalize “self-financing” arrangements (read, international taxes) that will allow supranational organizations to become even less transparent and accountable. They are determined to impose rule-making authority over national governments, including U.S. Senators.

Friday, September 21, 2007

Continuing The Sellout - Money Trumps Everything

* A Set of Articles for Those Who Don't Understand the War On Terror (that we're not fighting!) Attacks on a Daily Basis*

Sheikdom Shakedown: Dubai moves on Nasdaq - Arab ownership of U.S. stock exchange raises flag in Congress

In a complex set of transactions, Dubai is moving to acquire 19.9 percent of the Nasdaq in New York, placing the Arab government in an ownership position of the key U.S. stock exchange and raising concerns in Congress.

As a result of the transaction, Dubai also will acquire 28 percent of the London Stock Exchange, one of the oldest and largest in the world.

The transaction is being made through Borse Dubai, a holding company 100-percent owned by the government of the Emirate of Dubai and controlled by Mohammed bin Rashid al-Maktoum, the head of the Dubai ruling family.

According to its website, Borse Dubai was created Aug. 6 as the holding company for Dubai Financial Market and Dubai International Financial Exchange in a move to consolidate the Dubai government's two stock exchanges "as well as current investments in other exchanges, expanding Dubai's position as a global capital market hub."

Arab Rivals Gear Up for Struggle Over London Stock Exchange

A bewildering flurry of deals between world stock exchanges has left two Gulf kingdoms with a near-50 percent stake in the London Stock Exchange between them.

Qatar had made a firm offer at £14 a share for most of the 31 percent stake in the LSE held by Nasdaq, the New York exchange, and was expected to succeed. But as part of a complex deal between Nasdaq and the Borse Dubai, 28 percent of the LSE was instead sold to Dubai.
The Qataris responded swiftly, agreeing to take almost 21 percent of the LSE from two US funds, including the corporate raider Samuel Heyman, in an apparent spoiler to any hostile takeover bid for London from Dubai.

The LSE welcomed the arrival of the Qataris “as a long-term investor”. Significantly, no such announcement was made about Dubai.

The Dubai/Nasdaq deal stemmed from rival bids by both for another operator of world exchanges, OMX in Stockholm. The two have made common cause and agreed that while the Dubai offer, the higher of the two, will go ahead, any shares acquired, including the 28 percent already held as a result of a market raid next month, will go to Nasdaq.

Carlyle sells stake to Abu Dhabi

Carlyle agreed on Thursday to sell a 7.5 per cent stake in itself to an arm of Abu Dhabi’s government – the latest US private equity group to bring in a sovereign wealth fund as a big investor.

Blackstone sold a near 10 per cent stake in its management company to the Chinese government in May. A different arm of the Abu Dhabi government bought a stake in Apollo Management in July. Selling stakes to international sovereign wealth funds has become a popular way for US buy-out groups to cash in on their booming businesses while expanding their influence in new markets. The Carlyle deal demonstrates that the credit squeeze has not halted such transactions.

Mubadala, the arm of Abu Dhabi which has invested in sectors as diverse as Libyan oil exploration and Ferrari, the Italian motor company, is paying $1.35bn for the Carlyle stake.

The deal was struck at a 10 per cent discount to a valuation of $20bn for all of Carlyle. The Washington-based buy-out group agreed to guarantee a floor to Mubadala’s investment, pledging to compensate the arm of the oil-rich emirate if Carlyle goes public and the share price drops.

... also in the news; Canadian Dollar Trades Equal to U.S. for First Time Since 1976, and Fears of dollar collapse as Saudis take fright!