Ntroduction.com’s Weblog

June 18, 2008

Is America’s rich $billions ‘gone baby gone’?

Filed under: Uncategorized — Tags: — bizfavors @ 11:26 pm

Are we the only ones to observe this? Is US rich $billions piled in a place that restricts  those $billions to re-enter US?

Recently I was reading about a CEO of a Fortune 100 company and his conversation turned towards how much money is in the bank. I observed that he pointed out that its in european banks and that money cannot be brought back. ‘gone baby gone’ –¬† I was shocked to hear this.

I and my brother went online to figure if this information is accurate and also what other ‘Fortune’s are doing. (You can look at 10Q filing online for those disclosed). We were shocked to the peak! – Guess what? Most corporations are doing the same – They are cashing all their profits in $billions and most of this money cannot come back to US.¬† We were flabbergasted!

What’s the point of out-sourcing lots of jobs to cheap places while the money saved cannot be enjoyed because its in a bank overseas which restricts money transfers into US? What is the whole point of common american losing job and stoop to lowest levels while rich become richer and that rich is not going to be used inside US. What’s the point of this greed? We, as common americans need to know why our riches is thrown overseas for nobody to use – unless there is a reason for all of this.

Any comments?

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