There is a news story today that China might step in to temporarily postpone the debt problem in Europe by giving them a few billion euros in exchange for being able to start buying up the “infrastructure” of Europe.
In the past couple days, a major purchase was announced of a U.S. Natural Gas Line company (El Paso Corp) by Kinder Morgan. Almost all of the funding for this deal came from Barclay’s Bank over in London.
You can’t get much more “infrastructureish” than thousands of miles of natural gas pipeline.
You may also remember that Barclay’s avoided a takeover by the UK Government in 2008 by selling 1/3 of itself to Qatar and Abu Dhabi for a few billion euros.
http://online.wsj.com/article/SB122543932142487581.html?mod=testMod
Consider that next time you’re listening to the BBC talk about Libya.
Allah akbar 2u.
>”Allah akbar 2u.” <- LOL , true unfortunately. Wait till ' China' shows up and says, we don't want anymore that paper Geithner crap, we want a asset. Grand Canyon.
But on a happier note I am 4 & 2 in my fantasy football league so far, : )
"we love sports !" Right?
Parrott
Please not the Grand Canyon. San Francisco and Chicago, maybe … as the residents, er, denizens, there would scarcely notice the change in government. See? No harm, no foul.