Canada To Stop Foreign Government Controlled Corporations From Buying Strategic Assets

October 10th, 2007

I’m actually a little surprised to know that Canada doesn’t already have a special law in place to protect national security. What country (especially a resource rich one!) on earth wouldn’t think to protect itself from governments hiding behind corporations? As it stands, a foreign government controlled corporation could come in and buy up strategic assets, like a stake in the oil sands. Then with these assets they can write contracts to their government (or another of their government corporations) to give oil at an extremely low cost on a long term contract. That is not the supply/demand way the free market works… especially if that country stockpiles those energy reserves and one day uses them against you in either a real war or to help keep them at an economic advantage to your own companies (which buy oil at full price) to steal more jobs and wealth from your nation. That is sick and I’m glad a rule is being put in place to ensure this doesn’t happen. Canada is not for sale. At present an enemy country (any country that has evil plans against us presently or in the future) may just purchase our assets through the veil of a corporation.

Why Attack A Country When You Can Buy Its Valuable Assets?

Instead of attacking a country and invading it like they did in the old days, a country’s most valuable assets can be purchased through a corporation. That way you can get all the good resources that a country has without any of the messy social unrest and other problems (like death and destruction) that come with war.

Wars Never Stopped

The wars haven’t slowed down… the big war right now is being held on the economic front. The occasional smaller conflict (if Iraq and Afghanistan can be called smaller and I don’t intend to trivialize them as they are extremely important and not in the way the mainstream media wants you to believe) will always occur, but the war of economies is also present.

Isn’t it interesting that a proxy war is still being held? Russia and China may not be in a direct war right now but it is funny to notice that newer high tech weapons continue to make their way into the smaller wars like Iraq and Afghanistan. Proxy wars are nothing knew but they are always ‘a behind the scenes’ attempt at hurting one another. Heck, CSIS (Canadian version of CIA) spends most of its time tracking Chinese spies - of which China has the largest network in the world. Our tax dollars at work. Russia and China are sharing technologies (and especially space technologies) with each other! China has bought the service of top Russian scientists - another example of a resource for sale, and yes, they are an important human resource.

Foreign Government Controlled Corporations Are Already Here

Foreign government controlled corporations have been here for decades. It’s interesting that we’ve just begun to wake up and realize this - and hopefully we will curve its growth. I just hope we are able to identify foreign government controlled corporations that are already here and get rid of them. It’s wrong to allow a country to control another country’s key assets, but in the age of capitalization and behind the veil of a corporation, you’d be surprised how much of this is going on in the world today. Just thinking about it scares me. How free is the ‘free market’ if the guy across the pond has access to incredible cheap oil at fixed prices that comes from your own backyard… your own countries assets being used against you in economic and/or real warfare is not acceptable.

Why Attack A Country If You Can Purchase Its Assets Through The Veil of a Corporation?

I never invest in government controlled corporations OR companies I believe MAY BE government controlled corporations and pretend not to be; not everything is as it seems, some foreign government controlled corporations try and appear to be either publicly or privately owned when in fact they are state owned. I never invest in companies owned and/or operating in countries that have bad intentions towards us. I’m not against investing abroad, but I am against investing in non-democratic non-free market nations that steal technologies and have no regard for patent or copyright laws. We must keep our investment capital and strategic assets safer in the future - easier said than done.

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