The Chinese Agricultural Bank with its 24,000 branches has issued what may be the largest IPO in history. It is expected to be as much $22 billion. That is an interesting statistic, but what is the deeper meaning of this? Remember that this bank is owned by the Chinese government, so here we have the case of a major government getting into major business. How can private businesses compete with this kind of clout in the world?
The worst part of this is that we have a large government that is about to rule business (the IPO is the red flag.) What is next? Chinese business will rule the world? Yes, I think that we are headed in this direction, and if free democratic countries value their freedoms, especially free enterprise, they need to stand together and resist the giant oligarchy that we see emerging. We already have one that rules the oil business, namely OPEC. We don't need another that will rule all business and eventually our nations as well if we let it.
Free nations wake up. don't let your freedoms slip away and be lost forever!
Call and write your congressman and tell him how you feel about the situation.
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