Weak Dollar Allows Foreigners to Snap Up U.S. Firms

[JoelThomas]

Bargain-hunting foreigners are snapping up U.S. companies at a record pace as the weak dollar, a growing trade imbalance and spiking oil prices spark a raid on America’s corporate assets.


http://www.newsmax.com/newsfront/foreign_US_buyouts/2007/10/16/41254.html

[saved by Grace]

this can be very bad.i remember people in panic over their fear over the japanese buying out this country back in the late 80's early 90's.the weak dollar is causing this to happen.worse yet i saw bush on tv saying our economy recovering.what a crock :ohno however God is still in control :dance2

[Robert Cragg]

This is another sign of the End Times. The European Union wants a one world monatary system which they all ready have in the Euro Dollar. There 10 nation european system would control the system. They would push the US out of the UN. Personally I believe we should have dropped out years ago. Yes the big busines company would be bought out by the same 10 European Nations.

[Big Daddy]

One of the businesses mentioned in that article is GE Plastics. They were bought by Saudi Basic. Although their headquarters is located in MA, they have a large plant near where I live in NY.

It is very weird to drive by that plant now, and instead of seeing the familiar GE on the sign out front, to see their new sign.

It is Saudi Basic I think. Hard to say as it appears to be in Arabic.

[mustang]

If companies will be bought out and profits go overseas will this further spiral the dollar down? With the weakening of America this is a good sign why America isn't much of a player in end times.