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06.06.06 / DUBAI PORTS FLAP MAY HAVE IMPEDED ARAB INVESTMENT IN U.S.
: The issue of having a company owned by a foreign government
: operate the port of New Orleans, among others, is a very
: real one given the four and 1/2 years of bombast from the
: Bush Administration about "the War on Terror."
: The bogeyman Osama bin Laden is a Sunni Arab. He, like
: others in the vast family of the late Mohammed bin Laden,
: had many ties to the sheikhs who are the true leaders in
: the UAE and Dubai.
: However legitimate those questions are and will continue to
: be, the truth according to Buckminster Fuller is even more
: perplexing. In 1981 he wrote: "[What] we now call
: lawyer capitalism ... deliberately took the world's private
: enterprise corporations out of the fundamental jurisdiction
: of America. They have kept their U.S.A. operations going in
: a seemingly normal way, so people in U.S. America haven't
: realized that these companies are officially situated
: elsewhere despite the incredible amplification of those
: great corporations' annual profits, whose annual totals
: payable to these corporations' stockholders are of the same
: magnitude as the annual increase in the U.S.A.'s joint
: internal and external debt increases.
: "America is utterly bankrupt externally in terms of
: balance of trade due to its own oil companies now operating
: as Arabian business."
: "Sum-totally, what has been taken from the people of the
: U.S.A. runs into many trillions of dollars. In the quarter
: of a century since Eisenhower America has become completely
: bankrupt, with its world leadership, its financial credit,
: and its reputation for courage, vision, and human
: leadership gone.
: "None of this was the American people's doing."
Now comes this report from Reuters, on what appears to be the 'fallout' from the Dubai ports flap - excerpt:
...major Gulf Arab investments in the future would target the Middle East and South Asian regions, not the United States, long the main destination for petrodollars which Gulf states were once content to park exclusively in banks and bonds.
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