Today China and other countries are gobbling up many American companies.

Why do I think this is good?

It means we don’t have to worry about a shooting war. Our young guys (and now girls) will not be killed and maimed. No more bullets or bombs, but there will be casualties.

The new “weapon of mass destruction” is money. It might be Chinese yuan, Russian rubles, German marks, British pounds, you name it. As company ownership changes we will be seeing how these new corporate officers aim their “guns”. The new casualties will be those employees who may no longer have jobs. They will bleed financially.

It is better to see a person out of work than lying dead or disfigured.

The starting $100,000 a year jobs will be harder to find. It will certainly be a “no prisoner” battlefield. China, India and any country that wishes to create new jobs for their own people will transfer both manufacturing and service business to their own landscape unless it is better to buy a profitable company here. In China more and more of the population is moving to cities because that is where the high (by their standards) paying jobs are. The U.S. will no longer be the world’s leading industrial nation.

Even Mexico with its cheap labor pool is seeing production companies moving to Asia.

It is not going to be easy for our total workforce. Those in many manufacturing companies will find wages dropping instead of rising if the company is to remain competitive.

Unions will ask for tariffs on foreign made goods. This is nothing more than a hidden tax on our own consumer and is a major mistake. It catapults us into a trade war where the consumer becomes the casualty. Tariff wars do not save jobs; they end up causing more businesses to fail because foreign governments start putting restrictions on other goods they import from us. It is stupid, but politicians fall for it.

The U.S. consumer receives goods from all over the world. It has become a global economy. “Experts” and the little guy complain about our losing jobs to foreign cheap labor. Then why does Toyota build car factories here? Because our productivity is superior. Don’t let the unions price your company out of the market.

Foreign companies come here because we are better and can produce more than the 60/cents per hour Chinese labor. The same goes for Mexico, Malaysia, India and almost all Asian countries.

There are two good reasons to encourage foreign investment. It will reduce the chance of a shooting war and second it will mean there will be jobs for our people.

The bread line is better than the battle line.

Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he's the man that Wall Street does not want you to know. Copyright 2006 All rights reserved.

Copyright 2007 Albert W. Thomas All rights reserved. Author of "IF IT DOESN'T GO UP, DON'T BUY IT!"