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FOREIGN INVESTMENT: Sovereign Wealth Funds threaten Australia’s independence

Patrick J. ByrneAug 2, 20088 min read

Australians are yet to realise that this nation faces, not a military, but an economic threat to its independence, writes Patrick J. Byrne.Given Australia’s $616 billion net foreign debt, the huge foreign investment drive into Australia by some sovereign wealth funds is now posing a serious threat to Australia’s sovereignty.The federal Treasurer Wayne Swan recently ordered a 90-day review of the proposed takeover…

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