Intelligence Update 07/01/05
China's CNOOC Ltd. recently offered $18.5 billion in cash to acquire Unocal which is the ninth largest oil refiner in the U.S.
The U.S. House of Representatives on Thursday overwhelmingly (333-92) voted to block the Bush administration from approving the deal. The House also voted 398-15 for a nonbinding resolution calling on the Bush administration to immediately conduct a review of the possible takeover.
The resolution also states that a CNOOC takeover of Unocal could threaten U.S. national security. The timing of these actions and the media coverage is perfect, as the rhetoric and propaganda could not be further from our goals and objectives.
Unocal was involved in the CentGas project which aimed to build a gas pipeline through Afghanistan. The pipeline project originated in 1993 when the Taliban rule in Afghanistan was in full swing.
The Taliban took command of Afghanistan thanks to Saudi Arabia, the CIA and Unocal. U.S. Secretary of State Condoleezza Rice is a former board member of Chevron. Rest assured, Chevron is not going to compete against the Chinese by making a higher bid for Unocal.
We want the Chinese to buy Unocal, as it is the perfect trojan horse for them to swallow, much like Yukos in the ruins of the old Soviet Union has been (Georgia & Ukraine). In other words, a breeding ground for developing a Chinese "fifth column" capable of exerting influence on China's foreign and domestic policies.
In addition to future influence... Remember baby ducks, we are the largest theme park in the world, and the theme is, "yeah we will take your money". We have done it to everyone else, and now its China's turn in the barrel as they are Japan Part Deux.
This is the start of a hot flood of Chinese money that has been moving in our direction and will grow immensely once the Yuan float comes later this year and they get another 5% off on our currently overinflated and later to be deflated assets.
With the dollar rebound and Loonie pullback, the Chinese already got cooked on last years Canadian deal. Timing is everything...and when it comes to the manipulation of markets, we are the masters... and don't ever forget it.
Meanwhile in other news... The Federal Reserve raised the fed funds rate by 25 basis points to 3.25% for the ninth consecutive time...
Crude oil prices $56.50 fell for a third straight day and closed about 6.7% below Monday's record close of $60.54...
A rally in the Treasury market that left bonds with their best quarterly performance since 2002, as the 10 year note finished up 11 ticks 3.93%...
Utilities, despite a rising rate environment, were a bright spot for investors seeking income in a falling market, as the Dow Jones Utilities Index closed out Q1 up 7.3%, near four-year highs... sniff sniff...
US Airways Group Inc. filed a new business plan with a Virginia bankruptcy court on Thursday and said it was on track to complete its merger with America West Airlines by autumn...
Bank of America Corp. said on Thursday it agreed to buy MBNA Corp. , the biggest independent credit card lender, for $35 billion, making the No. 2 U.S. bank the world's largest issuer of Visa and MasterCard credit, debit and prepaid cards... in the M&A world this is the biggest deal next to P&G buying Gillette.
The U.S. House of Representatives on Thursday overwhelmingly (333-92) voted to block the Bush administration from approving the deal. The House also voted 398-15 for a nonbinding resolution calling on the Bush administration to immediately conduct a review of the possible takeover.
The resolution also states that a CNOOC takeover of Unocal could threaten U.S. national security. The timing of these actions and the media coverage is perfect, as the rhetoric and propaganda could not be further from our goals and objectives.
Unocal was involved in the CentGas project which aimed to build a gas pipeline through Afghanistan. The pipeline project originated in 1993 when the Taliban rule in Afghanistan was in full swing.
The Taliban took command of Afghanistan thanks to Saudi Arabia, the CIA and Unocal. U.S. Secretary of State Condoleezza Rice is a former board member of Chevron. Rest assured, Chevron is not going to compete against the Chinese by making a higher bid for Unocal.
We want the Chinese to buy Unocal, as it is the perfect trojan horse for them to swallow, much like Yukos in the ruins of the old Soviet Union has been (Georgia & Ukraine). In other words, a breeding ground for developing a Chinese "fifth column" capable of exerting influence on China's foreign and domestic policies.
In addition to future influence... Remember baby ducks, we are the largest theme park in the world, and the theme is, "yeah we will take your money". We have done it to everyone else, and now its China's turn in the barrel as they are Japan Part Deux.
This is the start of a hot flood of Chinese money that has been moving in our direction and will grow immensely once the Yuan float comes later this year and they get another 5% off on our currently overinflated and later to be deflated assets.
With the dollar rebound and Loonie pullback, the Chinese already got cooked on last years Canadian deal. Timing is everything...and when it comes to the manipulation of markets, we are the masters... and don't ever forget it.
Meanwhile in other news... The Federal Reserve raised the fed funds rate by 25 basis points to 3.25% for the ninth consecutive time...
Crude oil prices $56.50 fell for a third straight day and closed about 6.7% below Monday's record close of $60.54...
A rally in the Treasury market that left bonds with their best quarterly performance since 2002, as the 10 year note finished up 11 ticks 3.93%...
Utilities, despite a rising rate environment, were a bright spot for investors seeking income in a falling market, as the Dow Jones Utilities Index closed out Q1 up 7.3%, near four-year highs... sniff sniff...
US Airways Group Inc. filed a new business plan with a Virginia bankruptcy court on Thursday and said it was on track to complete its merger with America West Airlines by autumn...
Bank of America Corp. said on Thursday it agreed to buy MBNA Corp. , the biggest independent credit card lender, for $35 billion, making the No. 2 U.S. bank the world's largest issuer of Visa and MasterCard credit, debit and prepaid cards... in the M&A world this is the biggest deal next to P&G buying Gillette.
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