WE need a huge reset in this country and it ain't gonna be pretty...
Smithfield Foods Inc. (SFD), the world’s largest hog and pork producer, said U.S. regulators will allow the company to be bought by China’s Shuanghui International Holdings Ltd. in what would be the biggest Chinese purchase of a U.S. firm.
“This transaction will create a leading global animal protein enterprise,” Zhijun Yang, Chief Executive Officer of Shuanghui International, said in a joint statement from both companies released yesterday.
READ AND WEEP THE REST >>>> HERE<<<<<
found at IOWNTHEWORLD AND BARNHARDT
from one of the comments at IOTW:
** waving **
Bye-bye America. It was a good run.
Bye-bye America. It was a good run.
Bad unless they got the Chinese to overpay. I recall all the concern when the Japanese were buying up landmarks, like Rockefeller Center, then got their azzes handed to them when the value of those properties fell.
ReplyDeleteThe Chinese are likely trying to get their money out of China for safety, as they don't trust their government to keep the country stable.
The company is still in the US, and a determined US government could always just nationalize it and sell it if the Chinese got tricky with us.
Yep, kiss America good by... or good 'buy' as the case may be...
ReplyDeleteYep, kiss America good by... or good 'buy' as the case may be...
ReplyDeleteNice. Well, now we'll have to test it for flavor enhancers like lead, arsenic and strychnine... you know, the usual things the Chinese put in rat poison, milk and children's toys.
ReplyDelete