"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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