I LIKE THE REST OF YOU SEE THE GOOGLES NEWS, YAHOO NEWS AND A LOT OF HEADLINES FROM RUETERS, GUESS WHO OWNS REUTERS?
THERE ARE FEW SITUATIONS WHERE WE SEE PRESIDENT BUSH SMILING AND RELAXED, BUT THE ARAB COUNTRIES SEEM TO BE HIS FAVORITE. AFTER HIS FAMILY HAS EEN DOING BUSINESS WITH THEM FOR DECADES, AND IT LOOKS LIKE THEY ARE FINALIZING A COUPLE OF DEALS NOW.
AT THIS VERY MOMENT SEVERAL OIL RICH ARAB NATIONS ARE THANKING BUSH FOR THE DEVALUATION OF THE DOLLAR WHICH HE COULD HAVE STOPPED BY ACCEPTING HELP FROM THE WORLD BANK. BUT THAT WOULDN'T ALLOW THE PRICE OF OIL TO GO OVER $100 A BARREL AND HIS TRUE FRIENDS MAKE BILLIONS.
WHEN THE HOUSING MARKET DROPPED AGAIN BUSH REFUSED OFFERS FOR HELP, THUS ALLOWING HIS ARAB FRIENDS TO BUY AMERICAN BANKS AND PROPERTY.
WHILE THE AMERICAN POWER IN THE FINANCIAL WORLD IS COLLAPSING AS FAST AS THE TWIN TOWERS, ARABIA IS CONSTRUCTING THE NEW FINANCIAL CAPITALS. WHILE AMERICANS ARE LOOSING THEIR JOBS AND HOMES IT LOOKS LIKE THE BUSH'S AND CHENEY'S ARE PREPARING A FUTURE IN ARABIA.
THE NEXT PRESIDENT WILL BE THE LEADER OF A FALLEN AMERICA THAT MAY BECOME A THIRD WORLD COUNTRY AFTER ALL THE JOBS AND MILLIONAIRES GO ELSE WHERE.
I WILL CLOSE MY THOUGHTS WITH THIS; IF AMERICANS REALLY WANT TO RESTORE OUR NATION WE WILL HAVE TO DO IT OURSELVES. OUR POLITICIANS HAVE SOLD US OUR FOR THEIR OWN GAIN, AND NO ONE RUNNING FOR OFFICE AT THIS TIME HAS OUR INTERESTS AT HEART. BUSH HAS FIVE MONTHS TO FINISH THE KILL, AND THE REMARKABLE THING IS THE REST OF OUR ELECTED OFFICIALS ARE LETTING HIM DO IT. O THEY YELL BUT THAT'S ALL THEY DO; BLOW SMOKE.
I DON'T MEAN A REVOLUTION, BUT AMERICANS REBELLING TO THE FINANCIAL INSTABILITY, CORPORATE SELL OUTS AND THE AMERICAN MILITARY BEING HIRED OUT TO THE HIGHEST BIDDER WHILE WE PAY FOR IT. CHECK OUT (KAEC) (UAE) AND SEE THE ROOTS BEHIND THE WORLD TODAY. I ENCLOSED AN ARTICLE FROM AN ISRAELI PAPER.
Photo from Reuters Pictures
6 months ago: U.S. President George W. Bush and Abu Dhabi Crown Prince Sheikh Mohammed Bin Zayed Al Nahyan speak with UAE Minister of the Economy Lubna Al-Qasimi (R) during Bush's visit to the Crown Prince's desert encampment near Sowaihan in the United Arab Emirates January 13, 2008. Bush was the guest of honor for dinner at the Crown Prince's weekend retreat.

"I'm most impressed with what I've seen here. The entrepreneurial spirit is strong, and equally importantly, the desire to make sure all aspects of society have hope and encouragement," Bush later told a gathering of entrepreneurs and others affiliated with a young leaders' group."
6 months ago: U.S. President George W. Bush (C) is greeted by UAE Crown Prince Sheikh Mohammed Bin Zayed al-Nahyan upon his arrival at the Crown Prince's desert encampment near Sowaihan January 13, 2008. Bush was the guest of honour for dinner at a desert encampment at the Crown Prince's weekend getaway. U.S. Secretary of State Condoleezza Rice stands beside Bush and U.S. National Security Advisor Stephen Hadley is at right.

Before flying to Dubai, Bush began his activities Monday by viewing a cultural exhibit and visiting business leaders in Abu Dhabi. At an exhibit on energy economy in the Gulf, Bush praised the United Arab Emirates federation for examining how to move beyond a reliance on oil.
"It's amazing, isn't it?" Bush said. "This country has gotten its wealth from the ground and is now reinvesting in alternative forms of energy."

MRS BUSH CHECKING OUT REAL ESTATE?
O' ISN'T THIS PRETTY
THAT MEANS YOUR ONE OF MY BOYS NOW.
a little something for your trouble George.

President George W. Bush receives a gift of a solid gold sash studded with diamonds and other gems from the President of the United Arab Emirates, Sheikh Khalifa bin Zayed Al Nahyan, at Al Mushref Palace in Abu Dhabi. Brooks Kraft / Corbis for TIME
(AFP OUT) U.S. President George W. Bush (L) walks with Sheikh Mohammad bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, the United Arab Emirates, after arriving June 26, 2008 at Camp David, Maryland. The Crown Prince is scheduled to stay over night at the presidential retreat Pool/Photo by Mark Wilson/Getty Images) (Photo by Mark Wilson/Getty Images)
Link to this page (Copy): http://www.jamd.com/image/g/81725590





RIGHT AFTER THIS INFORMAL MEETING BUSH CHANGES HIS VIEW OF IRAN.


Gulf countries are however worried that any new conflict in the region will severely damage their own economies and destabilise their own societies. Places like Dubai, Qatar and Bahrain are investing huge amounts of money in developing their tourism, financial and services sectors. These sectors depend on tranquillity and stability and will suffer enormously were there to be further military activity in the region. The GCC governments are also aware that amongst their populations there are concerns about American policies in the region and confronting Iran at a time when it is perceived as standing up to US policies in the region is not a popular option. For the moment therefore they have decided to engage with the Islamic Republic and to try to defuse the issues that pose the most immediate threats to security in the region.
Dinars for Dollars: Arabs Buying Out Collapsing Western Banks
by Tzvi Ben Gedalyahu
(IsraelNN.com) First it was Citibank. Now it's Barclay's and New York City's Chrysler Building skyscraper. Muslim Arabs are buying out collapsing Western banks and businesses and gaining growing international power, but some Arab investors are worried their investments may go down the drain with the American economy.
The current financial crisis in the United States has spread to other countries because of a massive debt that was not backed by enough real and liquid collateral. Banks and businesses gasping for financial breath are up for sale at basement prices, but no one is certain if the basement is the bottom.

"The possibility remains that more Arab white knights will be sought to rescue ailing financial institutions," wrote Dr. Mohammed Ramady, a former banker and Visiting Associate Professor at the King Fahd University of Petroleum and Minerals in the Financial Adviser magazine. He said he fears that Arab investors will end up chasing their investments with more money to keep them from going under.
The Abu Dhabi Investment Council of the oil-rich United Arab Emirates kingdom of Abu Dhabi last November announced it was bailing out the mammoth Citibank financial institution, formerly headed by Bank of Israel Governor Prof. Stanley Fischer, with $7.5 billion.
Next in line was Britain's Barclay's Bank, which raised $9 billion from investors in the oil-rich kingdom of Qatar and in Asian countries. The Abu Dhabi Investment Council last month forked out approximately $800 million for a 75 percent stake in New York City's 1,046-foot-tall Chrysler Building, which was the world's tallest building for a year until the Empire State Building surpassed it in the 1930's.
The purchase of American banks by foreigners has been blocked in the past by security and political considerations, but the barriers have come down, wrote Dr. Ramady. "How long this lasts is only a matter of guesswork, as once again, the specter of foreign takeovers of 'national' symbols will be hard to accept," he added.
The latest American symbol to go down the drain is the Anheuser-Busch beer brewer. The Times of London wrote, "The weak dollar and weak economy mean the United States is up for sale. Japs are conquering the car industry. Arabs just bought part of the Chrysler Building. Jeez, they even tried to buy the ports a while back. Whatever next? A hijab on the Statue of Liberty?"
In a more serious vein, The Australian editor-at-large Paul Kelly wrote earlier this month that the foreign investments, headed by Arabs, signal a major change in international power.
"The energy, financial and political woes that grip the U.S. signal a decisive shift in world power, mocking the liberal delusion that Barack Obama or John McCain can return American prestige and power to its pre-Bush year 2000 nirvana," he wrote. "There is no such nirvana. There is instead a new reality: the greatest transfer of income in human history [and] the rise of a new breed of wealthy autocracies that cripple U.S. hopes of dominating the global system and demands on the U.S. to make fresh compromises in a world where power is rapidly being diversified."
Flynt Leverett, former director of Middle East Affairs on the National Security Council, thinks that "the international economic position of the United States has deteriorated substantially since the new millennium."
In the current issue of The American Interest, Gal Luft, from the Institute for the Analysis of Global Security, warned that OPEC's Arab countries could potentially "buy the Bank of America with two months' worth of production and General Motors with six days' worth."
The growing Arab takeover of American businesses continues unhindered. The giant Dow Chemical company and a Kuwaiti company have agreed to set up world headquarters for their joint petrochemical venture in Dearborn, Michigan, which has a high concentration of American Arabs.
The Abu Dubai Investment Council years ago entered the international media business, buying a nine percent stake in Reuters News Agency, which usually reports with an open anti-Israeli bias.
However, Abu Dhabi's' director of international affairs, Yousef al Otaiba, has reassured American officials that its purchase of Citibank will not be used to exert political pressure on the U.S. He wrote the Treasury Department, "It is important to be absolutely clear that the Abu Dhabi government has never and will never use its investment organizations or individual investments as a foreign policy tool."


Comments: 3
This issue is very complex and as you say, Jeff, not many get it.