swaps

Are American Companies Now Up For Grabs?

GLtoffic makes a lot of sense arguing for a stock swap. But that is exactly why InBev is making an all-cash offer. Otherwise the American Trojans would be inside their gates.

I live in Colorado but buy Bud more than Coors. But if InBev starts killing off American employees my couple of beers a year will go to ..not Molson-Coors-Miller .. but an indie craft brewer, if I can find one that is not a front for a major.

While you free-market gurus on these boards love the deconstruction of the U. S., I point out that it was the controlled market Federal Reserve at the center of the spider web that created the weak dollar, the financialization meltdown and now, the further erosion of U. S. corporate sovereignity.

Everything the Congress and Senate and President have deregulated - from airlines to now banks (both investment and retail) - have resulted in disasters.

Suppose it is natural that foreigners would swoop in and pick up the wreckage.

And, yes, the flow of money back and forth across borders is wonderful but the playing fields are still uneven. When I tendered my Brazilian telephone shares last week for $43 a share - some bought as low at $15 - the Brazilian Exchange will take a 15 percent cut off the top. That's what they are free to do. Fortunately these shares were within a tax sheltered account or the "free market" scalping would have been worse.

Globalization is really a two-edged sword, and fortunately even a few thousand U. S. economics will eventually see their mundame jobs outsourced overseas.

DaN


Dan