78% of Cdns against ceding control of resources to foreign Govts.

[hunboldt]

Fine by me.... That said, the majority of the funding then needs to come from Canadians. To date, the resource sector (and mfg or any other industry that requires large scale capital financing) originates outside of Canada.

I guess that until we can raise those monies domestically, we don't develop any of the resources.. Sound about right?

CM. my ivory tower friend, Canadians have artificially driven up the 'real estate bubble' because our Stock markets, ( now Market') have been such a hotbed of corrupt practise that no one invests in Canadian Companies.
Re your defence of Chinese investments: Why should the Commie Kleptocracy of China invest in companies like, Say, "Nortel', when Huawei can hack their systems with impunity?

Nortel was at one pint 30 % of the invested capital of the TSX. You may recall my prev. post on how Huawei hacked them
?

Here it is again:
Nortel networks was ' hacked and sabotaged' by Huawei

http://en.wikipedia.org/wiki/Huawei

From Wikipedia:

Criticism and controversy[edit source]

Hackers had free access for years without being detected[edit source]

See also: Julian Assange (Hacking and conviction)

In September 1991, Julian Assange of wikileaks was discovered in the act of
hacking into the Melbourne master terminal of Nortel.[107]

In 2004, it was discovered that crackers (malicious hackers) gained almost
complete access to Nortel's systems. Thought to have originated in 2000, for
nearly 10 years they accessed documents including emails, technical papers,
research, development reports, and business plans. The breach was not
properly addressed by the time the company started selling some of its
assets in 2009, following a bankruptcy filing. The Wall Street Journal
reports that hackers working from Chinese IP addresses used seven passwords
of Nortel executives, including a former CEO, to penetrate networks owned by
the company.[108]

Brian Shields, a former systems security advisor for Nortel, led an internal
investigation on the breach and exposed rootkit software on at least two
machines in 2009 that allowed hackers to control them remotely and monitor
email. Despite the original discovery in 2004 and the subsequent
investigation that led to the rootkit detection in 2009, Nortel allegedly
ignored the problem and failed to disclose it to potential buyers of its
business. Avaya and Genband both acquired parts of Nortel, and some
employees used old Nortel machines connected to the new companies' networks.
Although Avaya says it has dealt with the issue, Shields says "it's
despicable that Nortel didn't say anything," leaving it up to him to inform
the new company of his investigation. Nortel refused to comment on The Wall
Street Journal report, but former CEO Mike Zafirovski, in charge between
2005 and 2009, claimed the company "did not believe it was a real issue."
[108] [109] [110] [111] [112]

Mr. Shields went on to tell the Canadian Broadcasting Corporation that he
believes the extensive cyberattacks on Nortel contributed to its
downfall.[113]

http://en.wikipedia.org/wiki/Nortel

The implications are staggering for Canadian Investors. While we 'can't
reverse the past', we can propose tax investment credits for investors who
lost money due to foreign sabotage, and we can propose that a Liberal or ND
government will 'watch and warn' any foreign government who participates.

Mr. Harper is now claiming that we are "featherweights on policy', more
concerned with pot laws than economic structures. He has had rather a free ride .

But, it would be OK for a 'Canadian' company traded on the public markets to have all it's shares bought up by foreign entities through the various global exchanges?

Fact is; it would be much cheaper for CNOOC to start making attractive bids on the shares and buy the company that way. They probably only need 40-50% of the outstanding shares to take full control of the company.

That said, this is nothing to do with Harper in any way at all.




To my knowledge, most of Nexen's production is based outside of Canada... Ironic in that those nations have ceded their resources to that company (for a price).

Let's also not forget that the company will be paying royalties, corporate taxes, fees, licensing, and a myriad of other costs to operate their Canadian assets... It's not as if their is no benefit to Canadians

Again, why would they do that when they can Steal our tech sector with full impunity? Huawei is the 'Electronics Branch ' of the Peoples Red Army.

Security concerns[edit source | editbeta]

In the US, Huawei has been challenged due to concerns of United States security officials that Huawei-made telecommunications equipment is designed to allow unauthorized access by the Chinese government and the Chinese People's Liberation Army,[138][139][140][141] given that Ren Zhengfei, the founder of the company, served as an engineer in the army in the early 1980s.[142] In the United Kingdom, the Conservative Party raised concerns about security over Huawei’s bid for Marconi in 2005,[140] and the company's equipment was mentioned as an alleged potential threat in a 2009 government briefing by Alex Allan, chairman of the Joint Intelligence Committee.[143] In December 2010, Huawei opened a Cyber Security Evaluation Centre to test its hardware and software to ensure they can withstand growing cyber security threats.[144][145] In the U.S., some members of Congress raised questions about the company's proposed merger with communications company 3Com in 2008,[146] and its bid for a Sprint contract in 2010.[142] In addition, Huawei withdrew its purchase of 3Leaf systems in 2010, following a review by the U.S. Committee on Foreign Investment (CFIUS).[139]

Huawei - Wikipedia, the free encyclopedia

Surely you haven't Gone Commie on us ...Say it ain't so , CM...

 

[taxslave]

Canada's Secret Treaty with China Is Setting Us Up For Some Big Problems


“The centrepiece of this treaty,” Van Harten said in October “is an arbitration mechanism that will allow Chinese investors to challenge any decision that is taken by any level of government anywhere in the country, take those disputes outside of the Canadian legal system and Canadian courts at their option, and subject them to these special arbitration tribunals. This is not a court. They're not fair, open, independent in the way Canadians are used to courts in Canada and other democratic countries.”

If we use the power of reason, we can see that if Canadian lawmakers are threatened by legal action from foreign investors, and they can't fight those legal claims except through secret arbitration by a foreign power, then they will probably avoid enacting any laws that might compromise the profits of those foreign investors. Given that some of these foreign investors are owned by the Chinese state, the alarming conclusion follows that, thanks to this FIPA, Canadian democracy will be influenced by the Chinese state.

more

[

Canada's Secret Treaty with China Is Setting Us Up For Some Big Problems



In a radio interview with CBC's The Current last October, Gus Van Harten, an expert in international investment law, expressed that this deal was remarkably lopsided and possibly unconstitutional. Canada has already entered into 24 FIPA agreements, but the agreement with China is the only one in which the foreign country's investment in Canada greatly outweighs Canadian investment in said foreign country. Furthermore, it means disputes between Chinese investors and Canadian lawmakers can be handled by Chinese arbitrators, rather than by the relatively open legal systems of a legitimate democracy.

“The centrepiece of this treaty,” Van Harten said in October “is an arbitration mechanism that will allow Chinese investors to challenge any decision that is taken by any level of government anywhere in the country, take those disputes outside of the Canadian legal system and Canadian courts at their option, and subject them to these special arbitration tribunals. This is not a court. They're not fair, open, independent in the way Canadians are used to courts in Canada and other democratic countries.”

If we use the power of reason, we can see that if Canadian lawmakers are threatened by legal action from foreign investors, and they can't fight those legal claims except through secret arbitration by a foreign power, then they will probably avoid enacting any laws that might compromise the profits of those foreign investors. Given that some of these foreign investors are owned by the Chinese state, the alarming conclusion follows that, thanks to this FIPA, Canadian democracy will be influenced by the Chinese state.

more

http://paid.outbrain.com/network/re...scp=false&fcapElementId=16700&origSrc=4858984

Your source is suspect. Rather like when one socialist says something and then the next one cites that as a source without any basis in fact.
Just one simple example: In arbitration both parties pay for the arbitrator and that person has to be agreed on by both parties. But don't let reality put a crimp on your constant Harper bashing.

 

[hunboldt]

Your source is suspect. Rather like when one socialist says something and then the next one cites that as a source without any basis in fact.
Just one simple example: In arbitration both parties pay for the arbitrator and that person has to be agreed on by both parties.


Your source is suspect. Rather like when one socialist says something and then the next one cites that as a source without any basis in fact.
Just one simple example: In arbitration both parties pay for the arbitrator and that person has to be agreed on by both parties. But don't let reality put a crimp on your constant Harper bashing.

Oh- goodness. Do you and CM REALLY live in'Sponge Bob world'?

Stevie Short Pants never said BOO about the bankruptcy of NORTEL due to hacking.
Maybe we should join the US of A - tough investor protections there...

 

[taxslave]

Oh- goodness. Do you and CM REALLY live in'Sponge Bob world'?

Stevie Short Pants never said BOO about the bankruptcy of NORTEL due to hacking.
Maybe we should join the US of A - tough investor protections there...

That is not the reason Nortel went titters. They were run by a bunch of incompetents with balls and BS but no $$$$ of their own and no common sense.

 

[hunboldt]

That is not the reason Nortel went titters. They were run by a bunch of incompetents with balls and BS but no $$$$ of their own and no common sense.

yeah= sure. They were underbid by Huawei on optical switching systems. Huawei used Nortel's hacked research.
How's life at Bikini bottom?:smile:

Nortel is just the tip of the iceberg. Sorry Tories- fail to defend your nation, and even Justin can replace you.

 

[taxslave]

yeah= sure. They were underbid by Huawei on optical switching systems. Huawei used Nortel's hacked research.
How's life at Bikini bottom?:smile:

Nortel is just the tip of the iceberg. Sorry Tories- fail to defend your nation, and even Justin can replace you.

Like I said they were run by a bunch of incompetents that were too busy mining the stock market to pay attention to business.

 

[hunboldt]

Like I said they were run by a bunch of incompetents that were too busy mining the stock market to pay attention to business.

I wouldn't critique Tay's research after 'blurb posting' if I was you. . Prove some of your statements.

 

[Tecumsehsbones]

I'd count myself as one of them. The resources are ours.

 

[hunboldt]

Most of BC was 'taken over' without the benefit of Treaty on the theory that 'the Natives wouldn't mind / notice/ dare to complain.'
Sor tof the same theory that the Chicomm front corporations now apply to Canada.

 

[Christianna]

So what could possibly motivate some politicians to sell Canadians out?

Money, for themselves and for their already rich pals. They would sell their own mothers for a few bucks, and we keep electing them. They are greedy and we are dumb as posts!

 

[hunboldt]

Money, for themselves and for their already rich pals. They would sell their own mothers for a few bucks, and we keep electing them. They are greedy and we are dumb as posts!

Exactly Huawei launched in 1987 with 21,000.00 equivalent in Capital.- and a 'protected mandate to hack information'. Our elected ones run around pretending the PRC is some sort of 'nice , misunderstood quasi democracy.'

its a 'hotbed of extremes'
. Always was. Its just forty years since Mao's Red Guards were overturned. Don't forget that.
'

 

[tober]

Despite this high number of Canadian wanting to retain our resources for Canadians, now and in the future, it appears the Harperites don't care.

So what could possibly motivate some politicians to sell Canadians out?

Power and money, same as always. It would be interesting to see how parliamentarians would react if a law were proposed requiring them to consent to full inspection and disclosure of all their assets and finances, including permission to require full reports on all offshore investments and accounts. Places like Switzerland have strict laws protecting confidentiality, but if their client signs a consent permitting full access to all information they should have to disclose.

 

[hunboldt]

Power and money, same as always. It would be interesting to see how parliamentarians would react if a law were proposed requiring them to consent to full inspection and disclosure of all their assets and finances, including permission to require full reports on all offshore investments and accounts. Places like Switzerland have strict laws protecting confidentiality, but if their client signs a consent permitting full access to all information they should have to disclose.

The unfortunate part is that the 'tragedy of the commons' still haunts Canada. Money flows into highly regulated 'safe exchanges' such as the OMX- out of Canada .
THEN, we seek highly dubious 'foreign investors' to develop our resources. While the problem started before the present Federal government, Mr. Harper has been , at best, blind to the concern.

Nauru- Canada - that is where we are headed unless the rot stops.

Our Securities and exchange commissions are balkanised provincial 'fiefdoms'.

 

[hunboldt]

Fine by me.... That said, the majority of the funding then needs to come from Canadians. To date, the resource sector (and mfg or any other industry that requires large scale capital financing) originates outside of Canada.

I guess that until we can raise those monies domestically, we don't develop any of the resources.. Sound about right?

CM, I'm curious about your fascination with the Peoples' Republic of China as a 'Balanced state'. That said, Canadians need the equivalent of the OMX as a 'counterpart; to the TSX and it's clones Scandinavia supports multiple independent stock exchanges.

 

[captain morgan]

CM, I'm curious about your fascination with the Peoples' Republic of China as a 'Balanced state'. That said, Canadians need the equivalent of the OMX as a 'counterpart; to the TSX and it's clones Scandinavia supports multiple independent stock exchanges.

Reread my post; it states that funding originates from outside Canada... No mention of any specific nation.

That said, China has a ton of cash and is looking to acquire assets - and they are doing exactly that on a global basis.

What the fukk is the OMX?

 

[BaalsTears]

The natural resources of Canada are the common heritage of all humanity. As such those resources do not belong exclusively to the Canadian people. Canadians are going to have to share everything they have. It's the right thing to do isn't it?