"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 3:01 pm

The Perennial GOP Tax Scam

There's something about taxes that elected Republicans know, but most Americans are completely unaware of. It's the reason we keep falling for the perennial GOP tax scam, and Paul Ryan, Mitch McConnell, and their buddies in the White House are getting ready to run this ruse on American working people all over again.

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