by Stefan Stanford, All News Pipeline:
In the past we have discussed how foreign nations and/or investors have been gobbling up American land, much of which has been farmland, and most Americans would be surprised to know that no less than 50 different countries own land in America.
From the Philippines to Saudi Arabia to China, some owning a few million of dollars worth with others owning billions and billions of dollars worth.
Readers can click this link and scroll through the countries, starting #50, going back to #1, to see the acreage and dollar amounts for each country.
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While Canada is the biggest foreign owner of U.S. agricultural and timber land, and the Netherlands takes the second spot, the national security threat is China.
Buyers from the People’s Republic of China purchased $6.1 billion in real estate last year, the most of any foreign buyer. Many of these purchases over the past few years have been of farmland or ranchland near U.S. military bases.
AMERICAN OWNED? NOT SO FAST…………….
What may be even more surprising is the amount of “American” companies that are no longer American.
Much has been written about companies outsourcing manufacturing to other countries like Mexico and China, but what is discussed less often is how many household names, created in America, are now owned by other countries, with a significant amount of them, like farmland, owned by China.
In researching this piece there were a number of random articles acknowledging businesses that were bought out by foreign entities, some highlighting 11 household brands, and others claiming 30.
The number is far higher than we have seen previously reported.
As with the agricultural lands, a number of businesses were bought by nations we consider allies, with a significant number now owned by china and other nations that post national security threats to America.
Owning these companies in and of itself isn’t a threat, but knowing that consumers often want to “buy American,” whether companies owned by the U.S. or where products are made in the U.S., to show support, we find it harder than most would believe to do so after seeing the list.
Some are believed to be owned by China, but in reality they are in partnership with Chinese companies, such as General Motors, so those I will be excluding as we are focusing on companies most Americans believe are U.S. owned, but in reality are 9owned by China.