America: The land of the free, the home of the brave : A subsidiary of EUroCorp PLC
In news today United Defense systems is sold to BAE Systems PLC EUROPE'S
largest defense company. As a shareholder of United and an American citizen I am pissed! As one of the largest private US defense companies they should STAY a US defense company. At the very least they are being bought by a company based in the UK which has been an ally. I just don't see how we can allow certain American countries or American interests for that matter to continually be leeched by foreign interests!
For those of you who don't know what United is, they make everything ranging from the Bradley fighting vehicle (used in Iraq to the Titan and Minuteman ICBM and Nuclear missiles) they were run by the Carlysle group until they were brought public in 2001. I really shouldn't be opposed to this as I stand to make a lot of money off of this, I bought United stock at IPO and more at low prices and they are offering $75USD a share which is almost a 400% return. I just strongly believe it would be in the interest of the USA to keep this and other defense companies wholly or at least majority US owned.
I am not the only one who has a gripe about this, in his anual report Warren Buffet (one of the world's most powerful investors) complained about the trade deficit and the resulting pressure that puts on the dollar allowing foreign investors to buy our companies and our land.
Buffett said in the last 10 years foreign powers and their citizens had accrued about $3 trillion worth of US debt and assets such as equities and real estate. At current rates, he predicted that in another 10 years' time the net ownership of the US by outsiders would amount to $11 trillion.
"This annual royalty paid [to] the world would undoubtedly produce significant political unrest in the US. Americans ... would chafe at the idea of perpetually paying tribute to their creditors and owners abroad. A country that is now aspiring to an 'ownership society' will not find happiness in - and I'll use hyperbole here for emphasis - a 'sharecropper's society'." - Warren Buffet
In news today United Defense systems is sold to BAE Systems PLC EUROPE'S
largest defense company. As a shareholder of United and an American citizen I am pissed! As one of the largest private US defense companies they should STAY a US defense company. At the very least they are being bought by a company based in the UK which has been an ally. I just don't see how we can allow certain American countries or American interests for that matter to continually be leeched by foreign interests!
For those of you who don't know what United is, they make everything ranging from the Bradley fighting vehicle (used in Iraq to the Titan and Minuteman ICBM and Nuclear missiles) they were run by the Carlysle group until they were brought public in 2001. I really shouldn't be opposed to this as I stand to make a lot of money off of this, I bought United stock at IPO and more at low prices and they are offering $75USD a share which is almost a 400% return. I just strongly believe it would be in the interest of the USA to keep this and other defense companies wholly or at least majority US owned.
I am not the only one who has a gripe about this, in his anual report Warren Buffet (one of the world's most powerful investors) complained about the trade deficit and the resulting pressure that puts on the dollar allowing foreign investors to buy our companies and our land.
Buffett said in the last 10 years foreign powers and their citizens had accrued about $3 trillion worth of US debt and assets such as equities and real estate. At current rates, he predicted that in another 10 years' time the net ownership of the US by outsiders would amount to $11 trillion.
"This annual royalty paid [to] the world would undoubtedly produce significant political unrest in the US. Americans ... would chafe at the idea of perpetually paying tribute to their creditors and owners abroad. A country that is now aspiring to an 'ownership society' will not find happiness in - and I'll use hyperbole here for emphasis - a 'sharecropper's society'." - Warren Buffet
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