China to Purchase Smithfield Foods for $7.1 Billion
A Chinese company, Shuanghui International Holdings Ltd., will purchase Smithfield Foods Inc. in a deal valued at $7.1 billion, the companies announced Wednesday.
Under the deal, approved by the boards of both companies, Shuanghui will pay shareholders $34 per share of Smithfield stock. Smithfield shares closed at $25.97 each on the New York Stock Exchange on Tuesday.
In a conference call this morning, C. Larry Pope, Smithfield’s president and CEO, said the 77-year-old company’s headquarters would stay in Smithfield and its management structure would remain in place. “There will be no closures of Smithfield facilities or locations.” For workers, Pope said, “this transaction will not change their jobs or responsibilities in any way.”
http://hamptonroads.com/2013/05/chinese-company-buy-smithfield-foods-71b
China Co. Buys AMC Theaters for $2.6 Billion in Sept 2012
Dollars brought into China are sold to banks, which in turn sell the greenbacks to the central bank, increasing the reserves. That process has been fueled by trade, with China exceedingGermany to be the world’s largest exporter in 2009. The size of the reserves means the government can’t make major adjustments to its holdings on the open market, according to Mirae Asset Financial Group’s Joy Yang.
“China’s foreign-exchange reserves are a blessing in bad days but a curse in good days,” said Yang, Mirae’s Hong Kong- based chief Greater China economist, who has previously worked for the IMF.
Currency War: Are We Winning?
http://2.bp.blogspot.com/-_cbSgg-wfsA/UYqmWdIwBMI/AAAAAAAABKk/VZYhPF8XjKg/….jpg
China may cut U.S. debt holdings
China’s sovereign wealth fund, which has more than $480 billion in assets, could cut holdings of US Treasury Bonds as they are becoming a less attractive investment, state media said Tuesday.
The Shanghai Securities News quoted Lou Jiwei, chairman of sovereign wealth fund manager China Investment Corp (CIC), as telling a conference in Hong Kong on Monday that the US economic recovery had made other investments appealing.
China has the world’s largest foreign exchange reserves and according to US government figures is the largest foreign holder of US Treasuries with $1.16 trillion at the end of October last year, the latest available statistic.
“In line with the future US economic recovery, the appeal of US debt is weakening,” Lou said. “From a long-term perspective, it is not a good investment target.”
http://www.rawstory.com/rs/2013/01/15/china-may-cut-u-s-debt-holdings/
Is the Dollar Dying? Why US Currency Is in Danger
The U.S dollar is shrinking as a percentage of the world’s currency supply, raising concerns that the greenback is about to see its long run as the world’s premier denomination come to an end.
When compared to its peers, the dollar has drifted to a 15-year low, according to theInternational Monetary Fund, indicating that more countries are willing to use other currencies to do business.
While the American currency still reigns supreme — it constitutes $3.72 trillion, or 62 percent, of the $6 trillion in allocated foreign exchange holdings by the world’s central banks –– the Japanese yen, Swiss franc and what the IMF classifies as “other currencies” such as the Chinese yuan are gaining.
4 BIG NATIONS that have signed a currency deal with China IN LESS THEN 2 MONTHS!!
– UK
– Brazil
– Australia
– France
Read more at http://investmentwatchblog.com/happening-now-a-tsunami-of-u-s-dollars-come-flooding-back-to-u-s/#dtms870RC882l4ZM.99
China holds USA dollars/bonds that we sent over in exchange for cheap gadgets. As Bernanke prints with abandon, these dollars are diluted making them worth less. China is exchanging those dollars for real wealth, I.e. Oil, gas, real estate and US businesses. When they say China owns the USA, they are correct. The FED is now buying 30% of all USA bonds, but that doesn’t count since they did not trade anything “real” for it.
Hi SA,
I have read that the actual amount of US Treasury Purchases by, “The Fed”, is around 90%.
This is of course called “Debt Monetization”, which is nice fancy word for we “buy” our own IOU’s.
I don’t know the exact percentage of this, but in many articles on the subject, including in Kin World News, I have seen figures in the 80+% consistently, some above 90%.
Whatever the real number,.. it all adds up to the same thing,…. hyperinflation sooner later. There is no way our of it, no way around it. It’s just a question of when.
JD- US Marines – The HMS Amerika is going down by the head,.. and there are no life boats left………
You need to look closer for the purse string Puller for most of the China corp investments & buyouts, it’s Goldman-Sachs, JP Morgan Chase, BlackRock; etc.. The same Evil Elitist Greed Power Freak people that control, yes, also control the Federal Reserve/Central Bank. It is a giant Ponzi scheme that is so simple yet so controlling & has been going on for eons by the same Ashkenazi. (sp) The UK has been in control of the USA’s treasury since the signing of the Paris Peace Treaty of 1792 with King George III!!! Same people, also—-Continue to Fight for Freedom & Truth
Everyone who isn’t brainwashed by Zionist media understands the arithmetic behind behind the Fed’s endless money creation. The U.S. Dollar is going downhill like a sled on ice, and that can’t be stopped.
The Chinese are trying to get whatever they can of real value for the enormous debt that we own them, and their only way of doing that is to “buy American”, probably because no one else will accept large quantities of our money (or our debt).
They’re going to grab whatever they can because any outstanding debt will be worthless, so they have to “get while the getting is good”, so to speak. We can always kick ’em out of here later, and take back everything they’ve bought, but that option will have to be backed up with force.