Biggest threat to the US

[Wabash]

FBI Thinks China Is Greatest Threat

The Federal Bureau of Investigation believes that China poses the greatest threat to the U.S. in terms of espionage — and that thousands of “front companies” in America have been set up to aid Chinese spying, according to the Maldon Institute.

A new report from the respected think tank, titled “The Chinese Secret Intelligence Service,” warns, “China’s intelligence services today consist of a vast shadowy organization that employs approximately 2 million full- or part-time agents.

“Federal officials in the United States, in numerous interviews during the past year, say and have said that there are more foreign spies operating in the United States than during the Cold War . . .

“In size and numbers, no country now can equal the numbers of Chinese spies in our country.”

The report quotes David Szady, FBI assistant director for counterintelligence, who said in a recent interview that the Chinese spymasters “figured out that what they want is throughout the United States, not just embassies, not just consulates. It’s a major effort.”

The Maldon Institute report states: “The FBI believes that for the next 10 to 15 years, China is the greatest threat to the United States.

“The Bureau believes that today there are more than 3,000 ‘front’ companies in America whose real job is to direct espionage efforts. Then there are thousands of Chinese visitors, students and business people: how many of them have tasks to perform for Beijing’s Ministry of State Security?”

A great deal of the FBI’s information comes from the highest-ranking Chinese defector to arrive in Washington: Xu Junping, director of Strategy in Beijing’s Defense Ministry.

He claims that for five years he oversaw all operations against the U.S. and set up the business plans for the more than 3,000 Chinese companies launched to operate across the United States, according to the report.

The report also intimates the success of the Chinese espionage: “An analyst in the Defense Intelligence Agency informed a colleague that during the past three years, the Chinese have stolen $24 billion worth of secrets, and that many of these items enabled Beijing to accelerate its space program . . .

“The FBI also is following up on a number of investigative leads, such as who is funding individual Chinese students and which students, after graduation with a computer or other science degree, seek employment with a high-tech company.”
NewsMax.com

[The Q]

Oh, gee. What a brilliant revelation. :roll

ADQ

[Yellowdogtexan]

The bigger threat is not the concept of the use of spying but the fact that China holds a tremendous amount of our debt and could really hurt our economy if China decides to dump this debt.

[issac the dragon]

The real threat from China is that as they embrace the sacrosant 'free enterprise system' they are going to end up owning this country lock, stock, and barrel. And there isn't a thing we can do about it. They will buy us fair and square. How's that for using platitudes?:) Maybe we should have left them alone when they were commited communists.

[Wabash]

The real threat from China is that as they embrace the sacrosant 'free enterprise system' they are going to end up owning this country lock, stock, and barrel. And there isn't a thing we can do about it. They will buy us fair and square. How's that for using platitudes?:) Maybe we should have left them alone when they were commited communists.

That would fly in the face of your sacro sanct UN mission!:):rofl

[Wabash]

PetroChina's Value Tops $1 Trillion, Surpassing Exxon

By Ying Lou


Nov. 5 (Bloomberg) -- PetroChina Co. almost tripled on its first day of trading in Shanghai, becoming the world's first company to be valued at $1 trillion, more than Exxon Mobil Corp. and General Electric Co. combined.

PetroChina shares rose to 43.96 yuan from the sale price of 16.7 yuan, giving the state-owned oil producer a greater market value than the entire Russian stock market.

The rally makes PetroChina shares four times more expensive than those of Exxon, even though China's biggest oil producer has a quarter of the revenue. China's stock market was valued at less than $1.1 trillion before tripling this year and giving the communist nation five of the world's 10 biggest companies.

PetroChina's valuation is ``an indication of China coming of age and also of its stock market bubble,'' said Hugh Young, who oversees $50 billion at Aberdeen Asset Management Asia Ltd. in Singapore.

The oil producer's Shanghai listing pushes China's stock market beyond the U.K. as the world's third-largest. PetroChina trades at 55 times earnings, four times Exxon's ratio of 13 times earnings and near the 58 times for Google Inc., the world's most- used Internet search engine.

In Hong Kong, PetroChina fell 8.2 percent to HK$18. Exxon shares rose 0.7 percent to $87.93, valuing the company at $488 billion on the New York Stock Exchange.

`Sense of Responsibility'

``I feel very excited today and also feel a very strong sense of responsibility,'' Chairman Jiang Jiemin said at the Shanghai Stock Exchange. ``This is PetroChina returning to our investors and society.''

Jiang struck a gong as the market opened at 9:30 a.m., then toasted the start of trading with a glass of red wine.

China's largest oil and gas producer had 20.5 billion barrels of oil and gas reserves in 2006, compared with 22.1 billion for Irving, Texas-based Exxon, data compiled by Bloomberg show. PetroChina has been adding new reserves at an average annual rate of 5 percent for the past three years, a faster pace than Exxon, Royal Dutch Shell Plc and BP Plc, the world's largest oil companies by sales.

The share sale, the world's biggest this year, surpassed the 66.6 billion yuan raised by China Shenhua Energy Co. in September. PetroChina raised 66.8 billion yuan selling 4 billion shares last week as investors applied for more than 3.3 trillion yuan of stock, almost 50 times the amount PetroChina sold.

Record Oil

Those investors were until now prevented from directly buying PetroChina stock, missing out on a 15-fold surge as economic growth turned the nation into the largest oil consumer after the U.S. and as crude prices reached a record $96.24 a barrel in New York.

The CSI 300 Index of shares listed on the Shanghai and Shenzhen exchanges has increased about 170 percent this year as mainland Chinese investors seek returns on $2.3 trillion of savings, raising investor concerns that the market is too expensive.

Billionaire investor Warren Buffett's Berkshire Hathaway Inc. sold its stake in PetroChina this year, reaping an eightfold gain that contributed to a 64 percent increase in third-quarter profit for the Omaha, Nebraska-based company. Berkshire had 2.34 billion shares as of the end of 2006, the largest holding after state-owned China National Petroleum Corp.

Buffett said on Oct. 24 that Chinese share prices have risen too fast.

`Carried Away'

``It's easy to be carried away in the stock market when things are going very well,'' he said in the northern Chinese city of Dalian. ``We at Berkshire never buy stocks when we see prices soaring.''

Gains in PetroChina's shares in Shanghai may have more to do with Chinese investors seeking better returns than the outlook for the company's exploration and production operations, or its refining business, known as downstream, said Larry Grace, an oil analyst at Kim Eng Securities Co. in Hong Kong.

``Production is static with limited upside for the next three to four years,'' Grace said. ``As for the downstream, the price controls and overall regulatory trend limit the company's earnings.''

China controls fuel prices to shield consumers in the world's most-populous nation from accelerating inflation. The policy limits the ability of PetroChina and China Petroleum & Chemical Corp. to pass on the burden of higher crude oil costs.

The other Chinese companies that rank among the world's 10 largest by market value are China Petroleum, known as Sinopec, China Mobile Ltd., Industrial & Commercial Bank of China Ltd. and China Construction Bank Corp.

``A-share prices don't reflect global benchmarks of value,'' said Lorraine Tan, head of equity research at Standard & Poor's Investment Services in Singapore. ``There should be other measures of a company's position, including revenue and profitability. Market cap is not necessarily accurate.''

PetroChina's share surge means it beat by years a Russian pledge to create the world's largest company.

OAO Gazprom, Russia's natural gas export monopoly, would become the world's largest company by market value and top $1 trillion in ``seven to 10 years,'' Alexander Medvedev, the company's deputy chief executive officer, said in April. Gazprom's market valuation today is $296 billion.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aQyRJI72Kor8&refer=worldwide

Does this mean that all you libs will get off Exxon Mobli's back and start protesting obscene profits by China?

:rofl:rofl:rofl:lmao:lmao

[toxic]

Under capitalism, man exploits man.

Under communism, it's just the opposite.

J.K.Galbraith

[Wabash]

Under capitalism, man exploits man.

Under communism, it's just the opposite.

J.K.Galbraith

Man....is THAT a BIG LIE!!!

Socialism aka Liberalism is ALL about CONTROL of one's fellow man!

Global Warming is a scam and it's about liberals with an agenda trying to control our way of life!

[Cookie Parker]

Man....is THAT a BIG LIE!!!

Socialism aka Liberalism is ALL about CONTROL of one's fellow man!

Global Warming is a scam and it's about liberals with an agenda trying to control our way of life!


Really? I'd love the link and information to show that. So far, Bush has composed the Patriot Act to include arresting any American citizen he declares a terrorist, throw them in a prison here, or overseas, without charges, without attorney and with torturing.

He has fought for an won the ability to spy on American citizens without having provocation.

I fear him way more than any foreign nation. Bush has sold us out. China is just picking the bones dry.

[Wabash]

Really? I'd love the link and information to show that. So far, Bush has composed the Patriot Act to include arresting any American citizen he declares a terrorist, throw them in a prison here, or overseas, without charges, without attorney and with torturing.

He has fought for an won the ability to spy on American citizens without having provocation.

I fear him way more than any foreign nation. Bush has sold us out. China is just picking the bones dry.

Just goes to show that you don't know diddly shit!
Most of what you just typed is liberal, ultra leftist, propaganda!
Thanks for letting us all know that you drink the koolade!

[Cookie Parker]

Just goes to show that you don't know diddly shit!
Most of what you just typed is liberal ultra leftist propaganda!
Thanks for letting us all know that you drink the koolade!


Well, now, Wabash..let's look at this...

Here's Daddy Bush's company....

The Carlyle Group

http://www.counterpunch.org/stclair05222004.html

And it makes a profit from every war Junior starts....let's look at the latest with the lack of peace talks and the Pakistan situation..money to be made by all brokers of weapons..and the Saudis...they got a helluva weapons deal..who profits? Daddy Bush and Daddy Bin Laden..

http://www.hereinreality.com/carlyle.html

And a whole bunch of powerful people worldwide...and we, the people, make them richer because they borrow cash from china and we pay the debt....

So, I think the biggest threat to the US is Bush, his greed, starting wars we are funding in debt while he and Daddy get cash from china...selling us down the river, so to speak..

[Wabash]

Link and info to show the obvious? Too funny!

Think about it....if Bill had never been President...China would be much farther behind than they are....

China has more clout now thanks to Albore and Bill Clinton! This China thing, didn't just happen over the last 7 years....

[toxic]

Man....is THAT a BIG LIE!!!

Socialism aka Liberalism is ALL about CONTROL of one's fellow man!

Global Warming is a scam and it's about liberals with an agenda trying to control our way of life!

IMHO, you didn't get it.

He was saying, in one case man exploits man, and in the other case, man exploits man also..


John Kenneth Galbraith
http://en.wikipedia.org/wiki/John_Kenneth_Galbraith

[Wabash]

Well, now, Wabash..let's look at this...

Here's Daddy Bush's company....

The Carlyle Group

http://www.counterpunch.org/stclair05222004.html

And it makes a profit from every war Junior starts....let's look at the latest with the lack of peace talks and the Pakistan situation..money to be made by all brokers of weapons..and the Saudis...they got a helluva weapons deal..who profits? Daddy Bush and Daddy Bin Laden..

http://www.hereinreality.com/carlyle.html

And a whole bunch of powerful people worldwide...and we, the people, make them richer because they borrow cash from china and we pay the debt....

So, I think the biggest threat to the US is Bush, his greed, starting wars we are funding in debt while he and Daddy get cash from china...selling us down the river, so to speak..

Boy, you can sure find the Liberal, ultra leftys, can't you!
You don't really believe all that drivel, DO YOU?

[Wabash]

IMHO, you didn't get it.

He was saying, in one case man exploits man, and in the other case, man exploits man also..


John Kenneth Galbraith
http://en.wikipedia.org/wiki/John_Kenneth_Galbraith

You are correct...I didn't get it! My bad......:hotdog


So what's YOUR answer to world strife, elect a Liberal? Haaaaaaaaaaaaaaaa!

[Cookie Parker]

Link and info to show the obvious? Too funny!

Think about it....if Bill had never been President...China would be much farther behind than they are....

China has more clout now thanks to Albore and Bill Clinton! This China thing, didn't just happen over the last 7 years....


See, this isn't the time to play the "what if" game you repubs love...China owns us..as does Japan..they recently starting selling the dollar off which is why its value is shrinking..

do you understand currency exchange Wabash? do you understand the market crunch here and the collapsing dollar and the falling economy? Bill isn't in office...but Bush created the current debt so he and daddy could get rich..and you're talking "what ifs" on clinton? ROFLMAO!!! No wonder our country is in disrepair..you repubs are too stupid to get it!!!

[Cookie Parker]

Boy, you can sure find the Liberal, ultra leftys, can't you!
You don't really believe all that drivel, DO YOU?

What? Prove it wrong..here's a whole lotta sites about the Carlyle group...

http://www.google.com/search?hl=en&q=The+Carlyle+Group&btnG=Google+Search

better yet, here's their home site...refute it, Wabash with your sites...

http://www.thecarlylegroup.com/eng/company/index.html

[Wabash]

See, this isn't the time to play the "what if" game you repubs love...China owns us..as does Japan..they recently starting selling the dollar off which is why its value is shrinking..

do you understand currency exchange Wabash? do you understand the market crunch here and the collapsing dollar and the falling economy? Bill isn't in office...but Bush created the current debt so he and daddy could get rich..and you're talking "what ifs" on clinton? ROFLMAO!!! No wonder our country is in disrepair..you repubs are too stupid to get it!!!

Nope, not too stupid...too cynical to believe the Lefty version of the world disorder! Furthermore, we are too smart to vote for Clinton or Husein Obama or Edwards!

What's your proposal to the equation?
I propose that the war in Iraq will go on for 50 years and neither Hillary or anyone else is going to change it! Do you think the Dems have a rabbit up their sleeve?
A Big part of what's going on now is NAFTA and Clinton signed it into law!

[Cookie Parker]

Oh no you don't...prove the Carlyle Group and Bush are not profitting from this war...then show how Halliburton is not profiting and Cheney is not collecting from his stocks....

You just dodge when you are proven wrong? china's not our biggest threat, Bush family greed and the Carlyle Group are...prove it wrong...then we'll move on...

[Wabash]

Oh no you don't...prove the Carlyle Group and Bush are not profitting from this war...then show how Halliburton is not profiting and Cheney is not collecting from his stocks....

You just dodge when you are proven wrong? china's not our biggest threat, Bush family greed and the Carlyle Group are...prove it wrong...then we'll move on...

What you fail to realize is that the Clintons, Kerrys, Gores and a host of other Dems are also profiteering from this war. They all own lots of stock and war always stimulates the economy...History 101!

Like I said, you can blame Bush Family and Cheney if you want to, but there are millions of people invested in this war and are getting rich from it!

If you are invested in anything or you have PERS that invest in many, many different companies, than you too are profiting! Churches invest....non profits invest...I'll bet a dollar to a doughnut, you are making money off this war.

[Wabash]

Here's something for your liberal thoughts...

Banks and Credit unions invest in stocks.......so, everyone who has a bank acct. or an acct. with a CU is vicariously, making money off this war...:wink War is GOOD for the economy!

What a concept huh?

[April15]

The real threat to America is the republicans that subscribe to the PNAC mantra. If we still had the house un American activities commission PNAC would be under investigation big time.

[Cookie Parker]

Here's something for your liberal thoughts...

Banks and Credit unions invest in stocks.......so, everyone who has a bank acct. or an acct. with a CU is vicariously, making money off this war...:wink War is GOOD for the economy!

What a concept huh?


Not really....most of the stock investors...the ones who make money from the stock market daily, have withdrawn their funds...leaves the market funds and retirement investments our companies go into...and we will lose our shirts...you don't live off the investments of GE and Halliburton I"ll bet....banks are going under...or rather, YOU are going under...banks are changing their currency...

[Trueblue]

Under capitalism, man exploits man.

Under communism, it's just the opposite.

J.K.Galbraith

:clap

[Wabash]

Not really....most of the stock investors...the ones who make money from the stock market daily, have withdrawn their funds...leaves the market funds and retirement investments our companies go into...and we will lose our shirts...you don't live off the investments of GE and Halliburton I"ll bet....banks are going under...or rather, YOU are going under...banks are changing their currency...

Banks are going under from underwritting loans to mutts that can't pay...bad lending practices...it appears to that many investment firms have done the same....it's a cyclic swing, just like the Enviroment and Global Warming/Global Cooling!
America has been thru a LOT worse....the Sky IS NOT Falling!

[Lone Laugher]

Wabby....your level of discourse should...as a result of the practice you get on this forum, be getting higher. Instead, you continue to repeat the same outrageous things over and over...with little regard for evidence. At some point you should begin to understand that you are dealing with several intelligent people on here....who disagree with many of your base beliefs. Your approach is not effective....unless your goal is to be thought of as someone who is unwilling to discuss things reasonably..

I did notice, however, that you have expanded your horizons at least a little. You included someone other than Hillary in one of your Super GOP talking point rants. "Hussein" Obama and Edwards are now in your field of vision....quite an advance in thinking on your part.

[Pristine]

I thought it was bears. :para










:teehee