Weak dollar prompts record foreign buyouts of U.S. companies

"We could be looking at the world's largest tag sale if we continue to see declines in the dollar" - Donald Klepper-Smith, chief economist at DataCore Partners

Weak dollar prompts record foreign buyouts of U.S. companies...

The International Herald Tribune reported on October 2, 2007:

European, Asian and Canadian companies are taking advantage of the weaker dollar to buy their U.S. counterparts at a record pace, increasing investment in the United States but also raising fears about a potential loss of jobs and autonomy.

"We could be looking at the world's largest tag sale if we continue to see declines in the dollar," said Donald Klepper-Smith, chief economist at DataCore Partners.

In the latest large deal aided by a weak dollar, Commerce Bancorp, which is based in Cherry Hill, New Jersey, agreed Tuesday to be acquired by Toronto-Dominion Bank of Canada in a cash-and-shares deal valued at $8.5 billion.

Nationally, the value of purchases of companies by non-U.S. buyers so far this year totaled $257.4 billion - more than in any full year since 2000, the height of the technology boom, according to Thomson Financial, a research firm in New York.

The buyouts are sparking anxiety in the United States, though their impact is complex. Foreign owners typically use acquisitions as an entry into the U.S. market and thus may be more willing than American buyers to invest in their new holdings, some economists say. But the risk is that they might also be quicker to cut back or consolidate U.S. operations when times get tough.

"Quite naturally, foreign companies want to play in this market," said Alan Tonelson, a research fellow at the U.S. Business and Industry Council, a trade group for small and midsize manufacturers. "They want leading-edge technology, and the United States is still the technology leader. But when they buy these companies, they're acquiring control over the most dynamic pieces of the American economy, and they're acquiring control over America's future."

Corporate deals are just one way the dollar's falling value is having an impact. The weaker dollar has also drawn European, Asian and Canadian tourists, made it more expensive for Americans to travel abroad, and bolstered the exports of U.S. companies that sell high-technology equipment or medical gear overseas. But foreign acquisitions could become the sagging dollar's most lasting legacy.

In New England, one of the regions heavily affected, 69 companies have been sold to foreign buyers in the first nine months of 2007 for a total of $30.8 billion - also a seven-year high.

In June, Philips Electronics of the Netherlands snapped up Color Kinetics, a maker of lighting systems, for $714 million. Last month, Analog Devices agreed to sell a pair of cellular product lines to MediaTek of Taiwan for $350 million. And last week, United Group of Australia completed a $411 million purchase of Unicco Service, which sells cleaning services for office buildings.

Some see the takeovers as inevitable in a global economy where geographic borders are no match for increasingly multinational companies.

"It's part of the overall global economic climate," said Brian Bethune, an economist for Global Insight, who said the acquisitions should be judged case by case. "Foreign companies are trying to get access to the U.S. market, and generally that's positive. European and Asian companies tend to take a longer view and could be more patient investors than U.S. hedge funds."

For now, many of the overseas buyers are promising to invest in their acquired properties. The new management team at Sabic Innovative Plastics, the former GE Plastics, plans to add 75 to 100 employees to its 425-person work force in New England.

"We're really lucky it wasn't bought by a Dow or a DuPont, because they might have moved the work from here to another one of their U.S. facilities," said Alfred Shogry, president of the Berkshire Central Labor Council in Pittsfield, Massachusetts.

A spokeswoman at Color Kinetics said, "Philips is looking at us to be their global research and development center for LED-based lighting fixtures," referring to the company's patented light-emitting diode technology. "We're absolutely hiring and growing right now."

But that is not always the case with foreign takeovers. The French telecommunications equipment maker Alcatel, which bought its U.S. rival, Lucent Technologies, last year, said last month that it would cut thousands of jobs. The outsourcing provider Caritor, which has corporate offices in California but almost all its employees and operations in India, recently said it planned to eliminate more than a quarter of the 350 jobs at the Boston headquarters of the technology services company Keane, which it purchased in June.

Klepper-Smith said he feared the effect of foreign deals on workers and communities if decisions on jobs and plant locations are made in Europe, Asia or the Middle East. "It raises some red flags and some real questions about our independence," he said.

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“… the disaster back in the 1920's, My children, was as nothing compared to what will happen now. I talk of a great depression coming upon mankind." - Jesus, October 1, 1988

"My child and My children, the days will grow darker, and there will be hunger in your land. Yes, My child, what I brought you here for this evening is to tell the world that there will be a crash in the monetary doings of your government—an absolute crash that will affect every man, woman, and child in the United States and Canada, and then, like a serpent, creep all over Europe, until the world sees one big, massive depression. I can illustrate to you, My children, what I mean by this monetary depression.
"Should you go and wish to buy a small instrument, even a guitar, that We hear plucking away at the dervishly, and devilry, of what is called the musical Mass, strung by guitars, and other creations of satan. My child, I go on to tell you, you will say that the guitar is not a costly item, but in order to buy this guitar you will carry an actual satchel, an overnight bag-size, My child—let Us put it that way clearly—of notes, your currency. It will take a whole suitcase of paper—paper money that no longer has a value. You will soon be reduced to bartering for your food.
"My child, I know you are affrighted at this word 'war'; 'death', 'turmoil', 'depression', but what can I do but tell you the truth. I cannot smooth over it, for I would be accepted like those upon earth who like ostriches, they walk about, proud in their scientific knowledge." - Our Lady of the Roses, September 7, 1985

The awesome Bayside Prophecies... https://www.tldm.org/Bayside/default.htm
These prophecies came from Jesus, Mary, and the saints to Veronica Lueken at Bayside, NY, from 1968 to 1995:

A godless nation shall fall! . . .
"Without My Son you are lost. A godless nation shall fall. A nation that has been eaten away and rotted by sin shall fall. A nation that has turned itself back and regressed to a state of animal living bordering on all sins of the flesh and impurity; given over to all manner of seeking things of the world; power, lust, envy, hate, murders, abortions, worship of false idols; loving money, power, and lacking the instinct of survival when survival can only be reached by pleading from them to the merciful heart of the Eternal Father." - Our Lady, June 13, 1981

A great money disaster . . .
"My child and My children, pray a constant vigilance of prayer. Keep this going throughout the United States and all of the nations of the world, for there is little time left. Soon, in the plans of the Eternal Father, He shall set forth and allow to come upon mankind, a great money disaster. In this way it will prove to you that the disaster back in the 1920's, My children, was as nothing compared to what will happen now. I talk of a great depression coming upon mankind." - Jesus, October 1, 1988

Destruction of the world monetary systems . . .
"You will understand and broadcast the message to the world that there will be a great destruction in the monetary systems of the world. It will affect both the United States and Canada, and all the great powers of the world. And I repeat again: You will go to your stores to do your shopping carrying papers which may as well be newspapers, for the value they will have to purchase even food will be nil.
"How can a great country like the United States fall, you say, My child? You ask Me in your heart. I read your heart. I will tell you why. Because they have given themselves over to satan. When a country has lost its morality and seeks the pleasures of the flesh, giving over, themselves over, to all manner of abominations, like homosexuality, and condoning this up the highest courts of the land, then that country shall fall." - Our Lady, November 1, 1985

Gathering of the world's money to control the masses . . .
"Man shall not create a new world as he seeks. For there cannot be a lasting world without His God. And I speak not of the false idols and gods that man creates in his human nature! There is only one Creator.
"You who cast aside this knowledge and choose to set yourselves up by power and the gathering of the world's money to control the masses, you will find that all of your power and all of your volumes of gold and silver cannot hold back the heavens as they descend upon you in a just chastisement. The world, the earth shall tremble, fear shall come upon mankind as he watches the approach of the destruction that he himself has chosen to set loose." - Jesus, February 10, 1978

Evil force like an octopus . . .
"There is a great evil force now enshrouding your world; it is like an octopus reaching out in every direction to ensnare the world. It is a force of evil set up by satan. There are many arms of the octopus controlled by the monies of the world.
"For the love of money and riches, many will sell their souls to get to the head. O My children, what do you gain if you gather all of the riches of the world and destroy your soul. When you come over the veil, and you will come over the veil, what will you bring with you - nothing of the material. You must gather your riches in Heaven now. They are supernatural: the graces, the merits that will allow you to enter into the Kingdom of your God." - Our Lady, June 24, 1976

The Illuminati . . .
"There is a group in the United States and the world, a group that started many years ago, calling itself the Illuminati, coming from the word 'light bearer'. Naturally, My children, this light that they bear stands for Lucifer, and as such they have gone through the world secretly known as Luciferians. They have brought into your country, the United States, and your neighbor Canada, a group of witchcraft practices. Well have they laid their plan to destroy your children with drugs, using your school systems, your medias of communication, your newspapers, your televisions, your radios: every means of communication has been infiltrated by the member and sub-members of the Illuminati, a conglomeration of individuals and powers and principalities throughout the world, and banking systems. As you well know, My children, money has always been the root of all evil, and many have sold their souls to get to the head." - Our Lady, November 25, 1978

You are worshiping idols . . .
"My children, you must change your values back to the plan of your God. As a nation, as a country, as in many countries throughout the world, you have become paganized and immoral. My children, it is the gauge for the fall of mankind: immorality and paganism. No nation shall stand without its God, the God in Heaven.
     "Man is creating many new gods, gods to feed his human nature; and it is a basic carnal nature. Idolaters abound. When you worship in abundance things, My children, you are worshiping idols! If you spend your time gathering things, money, power, you are worshiping idols. Remove yourself from these worldly pursuits.
     "It is a narrow road to the Kingdom of your God, Heaven. Many are called but few are chosen. The road with satan is wide. Many walk it and can never leave, because there are too few prayers said for them and by them.
     "Nothing is impossible to your God. Man shall never reach the highest pinnacle of Heaven in knowledge." - Jesus, March 18, 1978

Many will sell their souls to get to the head . . .
"The road to Heaven, My children, is a narrow one; too few stay upon it. For they are often carried away with the cares of the world, and the pleasures of the materialistic pursuits, and their gathering of money and prestige and power. For what? For the few short years allotted to each human upon earth. I ask you to ask yourself: is it worth it to lose your soul? Many will sell their souls to get to the head." - Our Lady, November 20, 1979

Gather your graces . . .
"You cannot accept two masters. One you will love, and the other you will learn to hate. And remember, My children, where your treasures are, your heart will always lie. And better that you gather your treasures in a place where there is neither rusting, nor attacks by moths, and robbers cannot take them from you. Store your treasures in Heaven, My children. Gather your graces. You must ransom your soul and the souls of your children, your households. Do not wait expecting to be repatriated at the last moment, My children. Many are coming across the veil unprepared, and, sadly, they cannot be accepted into the Kingdom." - Jesus, August 5, 1977

Store canned goods, water and blankets . . .
"My children, I caution you now, and I wish that you remember these instructions from several years ago in earth's time that I gave to you, to keep in your homes a good supply of canned good. They have shelf value, My children, they will not spoil. But better that you keep them and they spoil than to have come upon you the great Chastisement. It will be a ball of fire which will ignite many of the chemicals that are being stored up for the destruction of the nations.
"My children, not only with the canned foods will you store just food, but you must also make known to your families and your friends that they had best keep blankets and water in tight containers; for there will be on the onset of the Chastisement, there will be nothing that you can buy due to contamination." - Our Lady, July 1, 1985

Read the Bayside Prophecies:
September 7, 1985 message -- World monetary crash: "One massive depression" (click here)

Articles...

Credit crisis and stock markets:

The dollar slip-sliding away
https://www.tldm.org/News11/DollarSlip-slidingAway.htm

Fed cut leads to dollar rout and potential panic
https://www.tldm.org/News11/FedCutLeadsToDollarRout.htm

Leading lender H&R Block likens US credit crisis to Great Depression
https://www.tldm.org/News11/H&RBlockLikensCrisisToDepression.htm

Fed faces gigantic insolvency time bomb
https://www.tldm.org/News11/FedFacesInsolvencyTimeBomb.htm

Global money markets tighten on cash shortages
https://www.tldm.org/News11/GlobalMoneyMarketsTighten.htm

Dollar collapse, stock market sell-off looms
https://www.tldm.org/News11/StockMarketSell-offLooms.htm

No time to sit and watch: "What we have on our hands here, folks, is a full-blown, global financial crisis"
https://www.tldm.org/News11/GlobalFinancialCrisis.htm

World stock markets spiral lower
https://www.tldm.org/News11/WorldStockMarketsSpiral.htm

Fed OD’s on liquidity but risks depression
https://www.tldm.org/News11/FedRisksDepression.htm

U.S. Comptroller General: Learn from the fall of Rome
https://www.tldm.org/News11/ComptrollerGeneralFallOfRome.htm

Perfect storm of debt rattles Wall Street
https://www.tldm.org/News11/PerfectStormOfDebt.htm

Asian stocks tumble the most in five months on credit concern
https://www.tldm.org/News11/AsianStocksTumble.htm

Subprime panic points to taxpayer bailout
https://www.tldm.org/News11/SubprimePanicTaxpayerBailout.htm

Fed cowardice invites catastrophe
https://www.tldm.org/News11/FedCowardiceInvitesCatastrophe.htm

Foreign money props U.S. economy
https://www.tldm.org/News11/ForeignMoneyPropsUSEconomy.htm

U.S. Treasury Secretary Henry Paulson: Coming financial crash shows need for immediate monetary reform
https://www.tldm.org/News11/PaulsonComingFinancialCrash.htm

Slow demise of the mighty greenback
https://www.tldm.org/News11/DemiseOfMightyGreenback.htm

Credit spree could cause 1930s-style depression
https://www.tldm.org/News11/CreditSpreeCouldCauseDepression.htm

Gloom gathers over U.S. economy
https://www.tldm.org/News10/GloomGathersUSEconomy.htm

It’s official: The crash of the U.S. economy has begun
https://www.tldm.org/News10/CrashOfUSEconomyHasBegun.htm

The plan to destroy America - via the dollar
https://www.tldm.org/News9/PlanToDestroyAmericaViaDollar.htm

Oil producers shun the dollar; Russia and Opec shift revenues into euros, yen and sterling
https://www.tldm.org/News9/OilProducersShunDollar.htm

U.S. Comptroller General warns the nation of economic calamity
https://www.tldm.org/news9/MonetaryCrashComptrollerGeneral.htm

Central banks caught in gold squeeze may crush dollar
https://www.tldm.org/News9/goldSqueezeMayCrushDollar.htm

Foreclosures:

August 2007 report: 11 states have triple digit increases in foreclosures
https://www.tldm.org/News11/TripleDigitIncreasesInForeclosures.htm

New mortgage foreclosures set record
https://www.tldm.org/News11/MortgageForeclosuresSetRecord.htm

Shiller: U.S. housing woes could spur world slump
https://www.tldm.org/News11/HousingWoesCouldSpurWorldSlump.htm

Credit crunch hits the consumer — foreclosures double
https://www.tldm.org/News11/ForeclosuresDouble.htm

The worst isn't over in mortgage meltdown
https://www.tldm.org/News11/MortgageMeltdown.htm

Links...

Sub-prime lender says problems are on scale of Great Depression, [U.K.] Times Online, August 31, 2007
http://business.timesonline.co.uk/tol/business/money/property_and_mortgages/article2358099.ece

Video: Money expert Jim Cramer of CNBC - "They're nuts, they know nothing! ... In the fixed income market, we have Armageddon"
http://www.youtube.com/watch?v=SWksEJQEYVU

Wall Street tremors, Asian markets' tsunami, Forbes.com, August 10, 2007
http://www.forbes.com/markets/2007/08/10/asian-markets-roundup-markets-equity-cx_vk_0810markets03.html

World markets rattled amid Dow Jones crash, ABC News Australia, August 10, 2007
http://abc.net.au/news/stories/2007/08/10/2001292.htm?section=business

Risky home loans run a fever, and the market prays it doesn't spread, U.S. News and World Report, July 15, 2007
http://www.usnews.com/usnews/biztech/articles/070715/23subprime.htm

U.S. dollar facing imminent collapse? WorldNetDaily, December 10, 2006
http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=53311

USA Today report: Real federal deficit 3.5 trillion, Newsmax, August 3, 2006
http://www.newsmax.com/archives/articles/2006/8/3/123820.shtml?s=lh

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    Our Lady of the Roses, Mary Help of Mothers promises to help protect our children. On September 13, 1977, She said, "He has an army of ogres wandering now throughout your country and all of the countries of the world. They are in possession of great power; so wear your sacramentals, and protect your children and your households. Learn the use every day of holy water throughout your household. Insist even with obstructions, insist that your children always wear a sacramental. One day they will understand that they will repel the demons."
    On February 1, 1974, Our Lady said, "My children, know the value of these sacramentals. Guard your children well. You must awaken to the knowledge that you will not be protected without the sacramentals. Guard your children's souls. They must be surrounded with an aura of purity. Remove them if necessary from the sources of contamination, be it your schools or even false pastors."
    This Heaven’s Personal Protection Packet is available for a donation of $5.00 plus $3.00 shipping and handling. Send $8.00 to TLD Ministries, P.O. Box 40, Lowell, MI 49331. You may use your MasterCard, VISA, or American Express and call 1-616-698-6448. Item # P5 (Order Form)

Your names have been written in Heaven… "It is not by accident that you are called by My Mother, for your names have been written in Heaven.... But with this great grace you have great responsibility to send this Message from Heaven throughout the world, for if you are able to recover just one more for Heaven, an additional star shall be placed in your crown." - Jesus, August 5, 1975

A great obligation to go forward... "It is not by accident that you are called by My Mother, for it is by merit and the prayers that have risen to Heaven for your salvation. For those who have received the grace to hear the Message from Heaven, you have a great obligation to go forward and bring this Message to your brothers and sisters. Do not expect a rest upon your earth, for you will have eternal rest very soon." - Jesus, June 12, 1976

The sin of omission... "The sin of omission shall condemn many to hell, be they layman or Hierarchy. I repeat: not the sin of commission, but the sin of omission will commit many to hell." Our Lady of the Roses, October 6, 1980

We encourage everyone to print or email copies of this web page to all the Bishops and all the clergy. Also, email or send this web page to the news media and as many people as possible.

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