"Of all the savings that citizens world-wide are willing to put outside their countries, the U.S. gets 85% of it." 2007 WSJ

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http://bigpicture.typepad.com/comments/2007/01/worlds_assets_h.html

The study, released today, paints a picture of a world in which investors and the banks that manage their money are spreading their bets more broadly. Flows of investment across borders hit $6 trillion in 2005, McKinsey said, above levels reached at the height of the 1990s stock-market bubble and more than double the figure in 2002.

At the epicenter of these financial flows is the U.S., which takes in about 85% of the flows from countries that are net exporters of capital -- places like Japan, China and the Middle East. "It's a pretty striking thing," says Diana Farrell, director of the McKinsey Global Institute, an in-house think tank that produced the report. "Of all the savings that citizens world-wide are willing to put outside their countries, the U.S. gets 85% of it."

Confessions of an Economic Hit Man shows the process of world domination. The outcome is anti-worker regimes is to create super rich people with money to invest in other countries of which the US Gets 85%!!! (in 2007) Unbelievable. Wonder if it is still the same?

jim d
Joined:
Jul. 31, 2007 4:01 pm

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Should public radio program in the public interest?

NPR is supposed to be our national public radio, but they're barely covering climate issues that are in the public's interest.

Only one month ago, a national New York Times/CBS News poll found that half of all Americans think that global warming is already having a serious impact. Sixty percent of those surveyed even said that protecting our environment should be a priority “even at the risk of curbing economic growth.”

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