I have heard and read a lot of bickering about problems with Border Crossings, Illegal Aliens, and the Exporting of US jobs to foreign countries, but I never heard anyone discussing the REAL CAUSE of why all this is happening. Does all this have repercussions for our economy and the stock market? You betcha !
Take for example the CNN program, Lou Dobbs Tonight. Lou has been harping on all these issues but has failed to get to the REAL CAUSE of all of these problems. Its easy to sit back and complain, but eventually you have to start pointing fingers.
To give you an idea of what I am talking about, lets take a look at the behind the scenes activity of the CNOOC(Chinese)bid for Unocal. Prior to CNOOC's bid for Unocal, Chevron was represented by the powerful Washington law firm of Akin Gump Strauss Hauer & Feld. A senior partner at the firm is Vernon Jordon, who is deeply entrenched in the dealings of the worlds biggest movers and shakers.
Just prior to CNOOC's bid for Unocal, Akin Gump dropped their representation of Chevron, and are now advisors for CNOOC. Others rumored to be involved are Kissinger Associates, who is headed by Henry Kissinger. Jordon and Kissinger have been advocates of "the world without boarders" mentality that seems to be gripping the nation by storm.
Of course, the average American is totally oblivious to these dealings, they're too busy chasing a hot real estate market, or being led around by the nose with some other issue. During the Clinton years (Vernon Jordon played an active role in the administration), NAFTA was passed right under the publics noses, and now 1 million less jobs latter, we have CAFTA creeping in.
Several years ago, I heard former President George H.W. Bush give a speech in which he used the phrase "New World Order". I didn't know what that meant, so I ignored it for the time being. Since then, we had NAFTA passed with Clinton at the helm ( A Republican would have had great difficulty drumming up support from the unions), and the European Union was established. As the European Union came into existence, so did a single currency, the Euro.
Oddly, we do not hear any comment from the Bush Administration or any news outlets as to who is behind this push for globalization, the New World Order, or the world without boarders.
Does this have financial and investment implications for us going forward ? Well, yes! If the CNOOC-Unocal deal goes through, I would definitely continue to own Marathon (MRO) and Sunoco (SUN). Who knows, after the European Union, in the years a head we may have the Asian Pacific Union and the North American Union.
