Aunty 'Murken

[austin-ghetto-list@pairlist.net]

It was amusing to read an account in The Economist of the history of the
first British investment in 'the colonies'.

Guess who came out on top. Guess who held the shit end of the stick.

It would not surprise me to learn that 'anti-Americanism' dated from those
early days. Apart from the religious nuts & fanatics, remittancemen, draft
dodgers and adventurers, the new land attracted what no prettification can
avoid labeling swindlers, more commonly titled today 'investment fund
counselors' and such.

Most of the investment was in the ag sector. Most lost shirts for Brit
investors. But it was the cash generator that started off, with a roar,
the American economy.

Since WW-II the same thing has been happening of course with American and
European investment in fatally attractive 'emerging markets' (aka
'emergency markets') like Brazil, Kenya, and my current home, Indonesia.

Locals do swell. Wall Street bloodsuckers do great on commissions, win or
lose.

But Grandma and Grandpa back in East Dogpatch, having sunk their life
savings in those brilliant mutual funds, come a cropper alas.

Thus the 'anti-American' resentment at being swindled can now be felt
about countries that have in recent years ripped off the wealthy West and
Japan. What goes round la la.

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