Posts tagged Chinese

The Chinese Are Acquiring Large Chunks Of Land In Communities All Over America

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Source: http://endoftheamericandream.com

By Michael Snyder

The Chinese Are Acquiring Large Chunks Of Land In Communities All Over America

 

American-Flag-Chinese-Flag-300x223Has the United States ever experienced a time when a foreign nation has attempted to buy up so much of our land all at once?  As you will read about in this article, the Chinese are on a real estate buying spree all over America.  In fact, in some cases large chunks of land are actually being given to them.  Yes, you read that correctly.  China is on the way to becoming the dominant land owner in the entire country, and that is starting to alarm a lot of people.  Do we really want a foreign superpower to physically own so much of our territory?

There are some that are playing down this threat by making a distinction between the Chinese government and Chinese corporations, but things work differently over in China than they do here.  In China, the government is involved in everything.  In fact, 43 percent of all corporate profits in China are produced by companies that the Chinese government controls.  And all of the rest of the companies are very careful to follow the lead and direction of the Chinese government.

That is why what is going on in places such as Thomasville, Alabama is so alarming.  Small communities such as Thomasville are so starved for jobs that they are willing to give land away for free to Chinese companies in order to entice them to build factories…

Gov. Robert Bentley said Friday that he will announce an economic development project in Thomasville, Ala., Monday morning.
 
That project is likely a copper tube plant to be built by Golden Dragon Precise Copper Tube Group. A legal notice published Thursday indicates that the city of Thomasville and others intend to give land and other incentives to GD Copper USA, which state corporation records identify as a Florida-based subsidiary of Golden Dragon.

And in this particular case, we are not just talking about a small plot of land.  We are talking about a 40 acre chunk of land worth 1.5 million dollars…

The legal notice indicated the city plans to give Golden Dragon a 40-acre site. Thomasville Mayor Sheldon Day has said that land is in a city industrial park south of Thomasville High School. It includes a $1.5 million, 50,000-square-foot building that the city constructed in 2009 to attract businesses.

But in most cases, the Chinese actually have to spend money to acquire our real estate.  And they are starting to make some really high profile acquisitions in some of our most expensive cities…

China Vanke and Tishman Speyer signed a deal for a $620 million luxury condo project in San Francisco this winter. In April, another deal for a cool $1.5 billion was inked in Oakland between Zarsion and Signature Development Group.
 
In June, several big deals in New York City went down. Zhang Xin, CEO of Soho China , joined forces with the wealthy Safra family (of Banco Safra fame) of Brazil to buy a stake in the General Motors Building in Midtown, The New York Times reported on June 25. Dalian Wanda Group, another Chinese developer, is planning to build a greenfield luxury hotel in Manhattan.

In other cases, the Chinese are gaining control over vast tracts of U.S. territory by buying up our large corporations.

For example, when the Chinese purchased Smithfield Foods, they suddenly owned 460 large farms and became the top employer in dozens of communities all over the United States…

Smithfield Foods is the largest pork producer and processor in the world.  It has facilities in 26 U.S. states and it employs tens of thousands of Americans.  It directly owns 460 farms and has contracts with approximately 2,100 others.  But now a Chinese company has bought it for $4.7 billion, and that means that the Chinese will now be the most important employer in dozens of rural communities all over America.

And the Chinese seem to have a particular interest in economically-depressed areas of the country.  Perhaps they feel that now is the time to gobble up companies and properties in such areas for bargain-basement prices.  For instance, the following is from a CNBC article that detailed how the Chinese are aggressively “putting down roots in Detroit”…

Dozens of companies from China are putting down roots in Detroit, part of the country’s steady push into the American auto industry.
 
Chinese-owned companies are investing in American businesses and new vehicle technology, selling everything from seat belts to shock absorbers in retail stores, and hiring experienced engineers and designers in an effort to soak up the talent and expertise of domestic automakers and their suppliers.

Speaking of Michigan, one company known as “Sino-Michigan Properties LLC” actually had plans to buy up 200 acres of land near the town of Milan, Michigan.  The goal was to build an entire “China City” with artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens.

But that is nothing compared to the “China City” that was being planned for New York state.  The following is a short excerpt from one of my previous articles

The Chinese have made trillions of dollars flooding our shores with super cheap products, and now they are using some of that money to buy land and property all over America.  For example, there is now a proposal to construct a multibillion dollar “China City” that would span approximately 600 acres in a remote area of New York state.  This “China City” (that is actually what it would be called) would be located on Yankee Lake in Sullivan County, New York.  The plans anticipate large numbers of Chinese businesses, plenty of homes for Chinese immigrants, a Chinese high school, a college, a casino and even a theme park.  And the first 600 acres is only for “phase one” of the plan.  Ultimately, the goal is for “China City” to cover more than 2,000 acres.  Those promoting this plan say that it will be a great way for New Yorkers to learn to appreciate Chinese culture.

But of much greater concern is the huge wave of real estate purchases that are quietly happening all around us every single day.

The following is from a recent CNBC article entitled “Chinese buying up California housing“…

At a brand new housing development in Irvine, Calif., some of America’s largest home builders are back at work after a crippling housing crash. Lennar, Pulte, K Hovnanian, Ryland to name a few. It’s a rebirth for U.S. construction, but the customers are largely Chinese.
 
“They see the market here still has room for appreciation,” said Irvine-area real estate agent Kinney Yong, of RE/MAX Premier Realty. “What’s driving them over here is that they have this cash, and they want to park it somewhere or invest somewhere.”

So what happens when we get to the point when the Chinese government and/or Chinese citizens own 10 percent of all the real estate in the entire country?

Will it be a problem then?

What about if we get to 20 percent or 30 percent?

At what point will we be forced to admit that we have a major problem on our hands?

Many of our leaders seem resigned to the fact that the future will be dominated by communist China.

For example, the President of the St. Louis Federal Reserve recently stated that “attitudes in the U.S. are going to have to change” because America “will not permanently be the global leader”

That’s according to Federal Reserve Board of St. Louis President James Bullard, who spoke to the Wall Street Journal on the sidelines of a conference during a recent visit to Hong Kong.

Attitudes in the U.S. are going to have to change, because the U.S. will not permanently be the global leader,” Mr. Bullard said.

In fact, Bullard insists that it is inevitable that the U.S. will end up playing second fiddle to communist China…

In that case, “the U.S. would be playing a role to China similar to the role the U.K. plays to the U.S. today,” Mr. Bullard said. “People think it’s 50-75 years away but it’s probably only 25 or 20 years away, something like that.”

And this is one of the guys that is running the U.S. economy?

There is more than one way to dominate your enemy, and the Chinese understand this.

Sadly, most Americans have absolutely no idea what is happening.

What about you?

This article first appeared here at the The American Dream.  Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream and Economic Collapse Blog. Follow him on Twitter here.

 

 

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Image credit: http://endoftheamericandream.com
 

 

The Chinese Want To Spend Billions Constructing A 600 Acre “China City” In New York State

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Source: http://endoftheamericandream.com

By Michael Snyder

 

The Chinese Want To Spend Billions Constructing A 600 Acre “China City” In New York State

 

The-Chinese-Government-Is-Buying-Up-Economic-Assets-And-Huge-Tracts-Of-Land-All-Over-The-United-States-300x217The Chinese have made trillions of dollars flooding our shores with super cheap products, and now they are using some of that money to buy land and property all over America.  For example, there is now a proposal to construct a multibillion dollar “China City” that would span approximately 600 acres in a remote area of New York state.  This “China City” (that is actually what it would be called) would be located on Yankee Lake in Sullivan County, New York.  The plans anticipate large numbers of Chinese businesses, plenty of homes for Chinese immigrants, a Chinese high school, a college, a casino and even a theme park.  And the first 600 acres is only for “phase one” of the plan.  Ultimately, the goal is for “China City” to cover more than 2,000 acres.  Those promoting this plan say that it will be a great way for New Yorkers to learn to appreciate Chinese culture.

So should we be concerned that the Chinese want to place a little slice of communist China right in the heart of New York state?

Should we really be allowing other nations (especially ones that publish maps showing what will happen when they nuke us) to be setting up self-sustaining communities inside our own country that have no intention of integrating into the wider culture?

David North of the Center for Immigration Studies is one of those that is sounding the alarm over this project.  According to him, the eventual goal of the “China City” project is to essentially take over two small towns and cover a total of more than 2,000 acres…

The first version of the plan to emerge was a grandiose one. It would cover more than 2,000 acres (more than three square miles) spread over the towns of Mamakating and Thompson. It would include a Chinese theme park, a city full of China-related businesses, a high school, a college, and 1,000 residences. Every province in China would have an office there and the place would be replete with symbols of Chinese culture. For more on these plans see CCOA’s website, festooned with golden dragons and text in both Mandarin and English.  When finished it would be a $6 billion project, its backers say.

But for now, the first phase is only going to cover about 600 acres…

A revised version of the initial offering was proposed later; this would, as a modest start to the broader project, include a college, an urban area, some family housing, and lots of student housing; it would cover less than 600 acres and would all be in the town of Thompson, whose officials, a local lawyer tells me, are somewhat less hostile to the plan than those in Mamakating.

And this is not the first time that this kind of thing has been proposed.  As I reported last year, a different Chinese group has purchased 200 acres of land in a rural area of Michigan and hopes to create a “China City” out there…

A Chinese group known as “Sino-Michigan Properties LLC” has bought up 200 acres of land near the town of Milan, Michigan.  Their plan is to construct a “China City” with artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens.  Essentially, it would be a little slice of communist China dropped right into the heartland of America.  This “China City” would be located about 40 minutes from both Detroit and Toledo, and it would be marketed to Chinese business people that want to start businesses in the United States.

You can read the full article about that project right here.

Most of the time, when the Chinese gobble up our properties they do not do it in such large chunks.  But make no mistake – they are voraciously buying up real estate right now.  In fact, CNN recently published an article about the cities where they are the most active…

New York and Los Angeles top the list of U.S. cities they are most interested in, according to Juwai.com, a website where Chinese buyers browse global real estate listings.
 
More surprisingly, Philadelphia and Detroit come in at No. 3 and No. 4.
 
The top 10 list is rounded out by Houston, Chicago, Las Vegas, Atlanta, San Diego and Memphis.
 
Chinese buyers purchased $8.2 billion worth of U.S. property in 2012, according to Juwai.

It has been estimated that the Chinese are now buying one out of every ten homes sold in the state of California.  And this buying spree actually appears to be accelerating.  The following is a brief excerpt from a recent CNBC article entitled “Chinese buying up California housing“…

At a brand new housing development in Irvine, Calif., some of America’s largest home builders are back at work after a crippling housing crash. Lennar, Pulte, K Hovnanian, Ryland to name a few. It’s a rebirth for U.S. construction, but the customers are largely Chinese.
 
“They see the market here still has room for appreciation,” said Irvine-area real estate agent Kinney Yong, of RE/MAX Premier Realty. “What’s driving them over here is that they have this cash, and they want to park it somewhere or invest somewhere.”

So where did they get all of this cash?

A lot of it came from us of course.  We have lost tens of thousands of businesses and millions of jobs to the Chinese, and now they are literally buying up little pieces of America with the money that we spent on all of the cheap plastic trinkets that they exported to us.

And they are not just buying up residential real estate.  They are buying lots of commercial real estate as well.  In fact, in a previous article I talked about how one Chinese firm recently purchased one of the most important landmarks in New York City

Chinese conglomerate Fosun International Ltd. (0656.HK) will buy office building One Chase Manhattan Plaza for $725 million, adding to a growing list of property purchases by Chinese buyers in New York city.
 
 

The Hong Kong-listed firm said it will buy the property from JP Morgan Chase Bank, according to a release on the Hong Kong Stock Exchange website.

 
 

Chinese firms, in particular local developers, have looked overseas to diversify their property holdings as the economy at home slows. Chinese individuals also have been investing in property abroad amid tight policy measures in the mainland residential market.

 
 
Earlier this month, Chinese state-owned developer Greenland Holdings Group agreed to buy a 70% stake in an apartment project next to the Barclays Center in Brooklyn, N.Y., in what is the largest commercial-real-estate development in the U.S. to get direct backing from a Chinese firm.

So where is all of this eventually heading?

Should we all start learning how to speak Chinese?

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This article first appeared here at the The American Dream.  Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream and Economic Collapse Blog. Follow him on Twitter here



Image credit: http://endoftheamericandream.com

 

Meet Your New Boss: Buying Large Employers Will Enable China To Dominate 1000s Of U.S. Communities

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Source: http://theeconomiccollapseblog.com

By Michael

Meet Your New Boss: Buying Large Employers Will Enable China To Dominate 1000s Of U.S. Communities

 

The-United-States-A-Colony-Of-China1-300x187Are you ready for a future where China will employ millions of American workers and dominate thousands of small communities all over the United States?  Such a future would be unimaginable to many Americans, but the truth is that it is already starting to happen.  Chinese acquisition of U.S. businesses set a new all-time record last year, and it is on pace to absolutely shatter that record this year.  Meanwhile, China is voraciously gobbling up real estate and is establishing economic beachheads all over America.  If China continues to build economic power inside the United States, it will eventually become the dominant economic force in thousands of small communities all over the nation.

Just think about what the Smithfield Foods acquisition alone will mean.  Smithfield Foods is the largest pork producer and processor in the world.  It has facilities in 26 U.S. states and it employs tens of thousands of Americans.  It directly owns 460 farms and has contracts with approximately 2,100 others.  But now a Chinese company has bought it for $4.7 billion, and that means that the Chinese will now be the most important employer in dozens of rural communities all over America.  If you don’t think that this is important, you haven’t been paying much attention to what has been going on in the world.  Thanks in part to our massively bloated trade deficit with China, the Chinese have trillions of dollars to spend.  They are only just starting to exercise their economic muscles.

And it is important to keep in mind that there is often not much of a difference between “the Chinese government” and “Chinese corporations”.  In 2011, 43 percent of all profits in China were produced by companies that the Chinese government had a controlling interest in.  Americans are accustomed to thinking of “government” and “business” as being separate things, but in China they are often one and the same.  Even when there is a separation in ownership, the reality is that no major Chinese corporation is going to go against the authority and guidance of the Chinese government.  The relationship between government and business in China is much different than it is in the United States.

Over the past several years, Chinese companies have become increasingly aggressive.  Last year a Chinese company spent $2.6 billion to purchase AMC entertainment – one of the largest movie theater chains in the United States.  Now that Chinese company controls more movie ticket sales than anyone else in the world.  At the time, that was the largest acquisition of a U.S. firm by a Chinese company, but now the Smithfield Foods deal has greatly surpassed that.

But China is not just relying on acquisitions to expand its economic power.  The truth is that “economic beachheads” are being established all over America.  For example, Golden Dragon Precise Copper Tube Group, Inc. recently broke ground on a $100 million plant in Thomasville, Alabama.  I am sure that many of the residents of Thomasville, Alabama will be glad to have jobs, but it will also become yet another community that will now be heavily dependent on communist China.

And guess where else Chinese companies are putting down roots?

Detroit.

Yes, the poster child for the deindustrialization of America is being invaded by the Chinese.  The following comes from a recent CNBC article

Dozens of companies from China are putting down roots in Detroit, part of the country’s steady push into the American auto industry.

Chinese-owned companies are investing in American businesses and new vehicle technology, selling everything from seat belts to shock absorbers in retail stores, and hiring experienced engineers and designers in an effort to soak up the talent and expertise of domestic automakers and their suppliers.

If you recently purchased an “American-made vehicle”, there is a really good chance that it has Chinese parts in it.

In fact, it is becoming harder and harder to get auto parts that are actually made in America by American companies.  A lot of those companies are dying off.  One example of this is a battery maker that had received $132 million from the federal government that was recently gobbled up by a huge Chinese corporation…

Industry analysts are hard-pressed to put a number on the Chinese suppliers operating in the United States. “We simply don’t know how many there are,” said David Andrea, an official with the Original Equipment Suppliers Association, a trade organization for auto parts makers.

In one of the more prominent deals, the Wanxiang Group bought most of the assets of the battery maker A123 Systems, which filed for bankruptcy last year despite receiving $132 million of $249 million in federal grants to build two factories in Michigan.

Congressional Republicans criticized the deal, saying A123′s technology could support military applications in China. Still, the buyout was approved this year by the Committee on Foreign Investment in the United States, a federal government panel.

China seems particularly interested in acquiring energy resources in the United States.  For example, did you know that China is actually mining for coal in the mountains of Tennessee?

Guizhou Gouchuang Energy Holdings Group spent 616 million dollars to acquire Triple H Coal Co. in Jacksboro, Tennessee.  At the time, that acquisition really didn’t make much news, but now a group of conservatives in Tennessee is trying to stop the Chinese from blowing up their mountains and taking their coal.  The following is from a Wall Street Journal article back in March…

The Tennessee Conservative Union began airing an ad Tuesday that says lawmakers have failed to protect the state’s scenic mountains and are allowing the “Chinese to destroy our mountains and take our coal…the same folks who hold our debt.”

But when it comes to our energy resources, China has been most interested in our oil and natural gas.  It is a complete and total mystery why the federal government would allow China to buy up our precious domestic sources of energy, but it is happening.  The following is a list of some of the oil and natural gas deals that China has been involved in during the last few years that was compiled by the Wall Street Journal

Colorado: Cnooc gained a one-third stake in 800,000 acres in northeast Colorado and southeast Wyoming in a $1.27 billion pact with Chesapeake Energy Corp.

Louisiana: Sinopec has a one-third interest in 265,000 acres in the Tuscaloosa Marine Shale after a broader $2.5-billion deal with Devon Energy.

Michigan: Sinopec gained a one-third interest in 350,000 acres in a larger $2.5 billion deal with Devon Energy.

Ohio: Sinopec acquired a one-third stake in Devon Energy’s 235,000 Utica Shale acres in a larger $2.5 billion deal.

Oklahoma: Sinopec has a one-third interest in 215,000 acres in a broader $2.5 billion deal with Devon Energy.

Texas: Cnooc acquired a one-third interest in Chesapeake Energy’s 600,000 acres in the Eagle Ford Shale in a $2.16-billion deal.

Wyoming: Cnooc has a one-third stake in 800,000 acres in northeast Colorado and southeast Wyoming after a $1.27 billion pact with Chesapeake Energy. Sinopec gained a one-third interest in Devon Energy’s 320,000 acres as part of a larger $2.5 billion deal.

Gulf of Mexico: Cnooc Ltd. separately acquired minority stakes in some of Statoil ASA’s leases as well as six of Nexen Inc.’s deep-water wells.

How could we be so stupid?

Sadly, as our politicians endlessly bicker China just continues to aggressively push ahead.

And pretty soon China may want to build entire cities in the United States just like they have been doing in other countries.  According to Bloomberg, right now China is actually building a city larger than Manhattan just outside of the capital of Belarus…

China is building an entire city in the forests near the Belarusian capital Minsk to create a manufacturing springboard between the European Union and Russia.

Belarusian President Aleksandr Lukashenko allotted an area 40 percent larger than Manhattan around Minsk’s international airport for the $5 billion development, which will include enough housing to accommodate 155,000 people, according to Chinese and Belarusian officials.

And this is actually already happening on a much smaller scale in this country.  For example, as I have written about previously, a Chinese company known as “Sino-Michigan Properties LLC” has purchased 200 acres of land near the little town of Milan, Michigan.  Their stated goal is to construct a “China City” that has artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens.

In other cases, large chunks of real estate in the middle of major U.S. cities are being gobbled up by Chinese “investors”.  Just check out what a Fortune article from a while back says has been happening in Toledo, Ohio…

In March 2011, Chinese investors paid $2.15 million cash for a restaurant complex on the Maumee River in Toledo, Ohio. Soon they put down another $3.8 million on 69 acres of newly decontaminated land in the city’s Marina District, promising to invest $200 million in a new residential-commercial development. That September, another Chinese firm spent $3 million for an aging hotel across a nearby bridge with a view of the minor league ballpark.

Are you starting to get the picture?

China is on the rise and America is in decline.  If you doubt this, just read the following list of facts which comes from one of my previous articles entitled “40 Ways That China Is Beating America“…

#1 As I mentioned above, when you total up all imports and exports of goods, China is now the number one trading nation on the entire planet.

#2 During 2012, we sold about 110 billion dollars worth of stuff to the Chinese, but they sold about 425 billion dollars worth of stuff to us.  That was the largest trade deficit that one nation has had with another nation in the history of the world.

#3 Overall, the U.S. has run a trade deficit with China over the past decade that comes to more than 2.3 trillion dollars.

#4 China now has the largest new car market in the entire world.

#5 China has more foreign currency reserves than anyone else on the planet.

#6 China is the number one gold producer in the world.

#7 China is also the number one gold importer in the world.

#8 The uniforms for the U.S. Olympic team were made in China.

#9 85 percent of all artificial Christmas trees are made in China.

#10 The new World Trade Center tower is going to include glass that has been imported from China.

#11 The new Martin Luther King memorial on the National Mall was made in China.

#12 One of the reasons it is so hard to export stuff to China is because of their tariffs.  According to the New York Times, a Jeep Grand Cherokee that costs $27,490 in the United States costs about $85,000 in China thanks to all the tariffs.

#13 The Chinese economy has grown 7 times faster than the U.S. economy has over the past decade.

#14 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.

#15 The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.

#16 Overall, the United States has lost a total of more than 56,000 manufacturing facilities since 2001.

#17 According to the Economic Policy Institute, America is losing half a million jobs to China every single year.

#18 China now produces more than twice as many automobiles as the United States does.

#19 Since the auto industry bailout, approximately 70 percent of all GM vehicles have been built outside the United States.

#20 After being bailed out by U.S. taxpayers, General Motors is currently involved in 11 joint ventures with companies owned by the Chinese government.  The price for entering into many of these “joint ventures” was a transfer of “state of the art technology” from General Motors to the communist Chinese.

#21 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China’s share had soared to 20 percent.

#22 The United States has lost more than a quarter of all of its high-tech manufacturing jobs over the past ten years.

#23 China’s number one export to the U.S. is computer equipment, but the number one U.S. export to China is “scrap and trash”.

#24 The U.S. trade deficit with China is now more than 30 times larger than it was back in 1990.

#25 China now consumes more energy than the United States does.

#26 China is now the leading manufacturer of goods in the entire world.

#27 China uses more cement than the rest of the world combined.

#28 China is now the number one producer of wind and solar power on the entire globe.

#29 There are more pigs in China than in the next 43 pork producing nations combined.

#30 Today, China produces nearly twice as much beer as the United States does.

#31 Right now, China is producing more than three times as much coal as the United States does.

#33 China now produces 11 times as much steel as the United States does.

#34 China produces more than 90 percent of the global supply of rare earth elements.

#35 China is now the number one supplier of components that are critical to the operation of U.S. defense systems.

#36 A recent investigation by the U.S. Senate Committee on Armed Services found more than one million counterfeit Chinese parts in the Department of Defense supply chain.

#37 15 years ago, China was 14th in the world in published scientific research articles.  But now, China is expected to pass the United States and become number one very shortly.

#38 China now awards more doctoral degrees in engineering each year than the United States does.

#39 The average household debt load in the United States is 136% of average household income.  In China, the average household debt load is 17% of average household income.

#40 The Chinese have begun to buy up huge amounts of U.S. real estate.  In fact, Chinese citizens purchased one out of every ten homes that were sold in the state of California in 2011.

And what we have seen so far may just be the tip of the iceberg as far as Chinese “investment” in U.S. real estate is concerned.  The following is a brief excerpt from a Bloomberg article that was posted just last week

China is studying the possibility of investing a portion of its $3.4 trillion in foreign-exchange reserves in U.S. real estate, said two people with direct knowledge of the situation.

The State Administration of Foreign Exchange began the study after seeing signs of a recovery in the U.S. property market, said the people, who asked not to be identified as they weren’t authorized to speak publicly about the matter. China may acquire properties, invest in real estate funds or buy stakes in property companies, they said. The safety of the investments will be the top priority, said the people, who didn’t elaborate on a timetable or other details.

So what can we do about all of this?

Unfortunately, not a whole lot.  Both major political parties seem to be fully convinced that merging our economy with the economy of communist China is a great idea.  I would not expect major changes in our policies regarding China any time soon.

For now, I will just leave you with one piece of advice…

Learn to speak Chinese.  You might need it someday.

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Urgent preparations in South Korea over North’s third nuclear test fears

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Source: http://rt.com

South Korean leader Lee Myung-Bak has urged the country’s officials to ‘stand well prepared’ for a third nuclear test by North Korea, according to Yonhap news agency. The test is believed to take place before Lunar New Year starts on February 10.

North Korea: A new long-range ballistic missile (Reuters / Bobby Yip)

South Korean leader Lee Myung-Bak has urged the country’s officials to ‘stand well prepared’ for a third nuclear test by North Korea, according to Yonhap news agency. The test is believed to take place before Lunar New Year starts on February 10.

The calls followed the South Korean President’s meeting with his top security advisers, who reportedly passed him information, which could indicate North Korean preparations for another nuclear test.

Recent satellite photos showed unusually busy activity at the north-eastern nuclear test facility Punggye-ri, which is the country’s only atomic test site, South Korea said. North Korea has allegedly covered the entrance to a tunnel there in an apparent attempt to block satellite monitoring.

The North has meanwhile installed two lookout towers equipped with surveillance cameras, Seoul also says. Both 60-meter-tall installations are designed to monitor the activities of the South Korean army in the demilitarized zone, which divides the two countries.

Seoul’s chief nuclear envoy Lim Sung-Nam left for Beijing on Sunday to meet his Chinese colleague as part of last-minute diplomatic efforts to dissuade Pyongyang from another atomic test.

“We will assess the actions of the North after the adoption of UN Security Council Resolution No. 2087 (2013) and discuss our response”, Lim Sung-Nam declared before leaving.

Over the past week Pyongyang has issued a series of daily warnings threatening action over the UN sanctions imposed for a long-range rocket launch last December. North Korea has pledged the “toughest retaliation” if these are not lifted.

The North also slammed the upcoming joint naval drill by the US and its ally South Korea as “war exercises” aimed at invading the isolated state. The military exercises, widely considered by observers as a warning to the country, are due to start on February 4 in the Sea of Japan (East Sea) off the South Korean port city of Pohang. A US nuclear-powered submarine and other warships are expected to take part.

IMF Confirms Chinese Yuan/Renminbi Set to Become a Global Reserve Currency

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Source: http://sherriequestioningall.blogspot.com

By

IMF Confirms Chinese Yuan/Renminbi Set to Become a Global Reserve Currency

The IMF has confirmed the Yuan/Renminbi is set to become a Global Reserve Currency at an Economic Forum in Hong Kong.
With China’s economy gaining global strength, the renminbi is set to become a global reserve currency, Zhu Min, deputy managing director of the International Monetary Fund, said Tuesday at an economic forum in Hong Kong.
Yesterday I wrote about the crossborder loans China was doing, before the Yuan becomes a Reserve Currency, their saying the “unloved dollar’ and the amount of gold they are importing.  Besides the rumors of them backing their currency by gold.

David Morgan of the Morgan Report and Silver-Investor.com did an interview with me about the subject, Germany’s gold and the Silver shortage/manipulation.

David mentioned that things take time to happen and as I add on the third part of the interview is that it already has been years and maybe the situation will start going faster.

It seems to me with the Yuan being called a Global Reserve currency now even by China itself, they have laid out the ground work for changes to be made in a short amount of time.  China does not reveal their hand until everything is already said and done.   Considering the dollar has been the only “Global Reserve” currency for decades but this month the Yuan is becoming attached with that name.

The dollar demise has been talked about for years now.  Many had been saying “anytime” but it has been long and drawn out.  China is very smart as they take their time and put everything in place before they reveal or make their big moves.   Has the time now come?

The Premier of China had gone to Saudi Arabi and Dubai a year ago.  He stayed a week there having meetings and making agreements.

The dollar demise has been talked about for years now.  Many had been saying "anytime" but it has been long and drawn out.  China is very smart as they take their time and put everything in place before they reveal or make their big moves

Premier Wen Jiabao and the ruler of Sharjah, Sultan bin Mohammed al-Qassimi,attend the Arab-China Business Conference in the Gulf emirate on Wednesday. [Photo / AFP]

SHARJAH, UAE - 

China signed economic and trade agreements worth 100 billion yuan ($16billion) with Saudi Arabia
 and the United Arab Emirates (UAE) as Premier Wen Jiabao wrapped up a six-day visit to the Middle East on Thursday.
The first currency swap agreement with Arab nations, worth 35 billion yuan, was also signed inAbu Dhabi, Wen told the Fourth
 Arab-China Business Conference in Sharjah on Wednesday.

Are those agreements now coming into fruition?   Is Saudi Arabi ready to be one of the last Middle Eastern countries to trade in something other than the “Petrol Dollar?”  If Saudi Arabia begins oil trade in something other than the dollar, then it really is game over for the dollar as the Global Reserve Currency and any strength it now has.   It only has strength because all of the other countries are devaluing their currencies against the dollar for trade.  With the Fed printing the dollar non-stop, currency wars are raging, no one wants to have the strong currency due to trade and their products being un-affordable to other countries.

But once the dollar is no longer a worry or concern for trade then all the other countries will be able to stop their currency devaluations against the dollar because a new Global Currency backed by Gold will be the hero of the world.   The only country that will be left all to itself with their inflating currency will be the United States.

It seems the proximity of this occurrence is now much closer with both the IMF and China itself using the words “Global Reserve Currency” for the Yuan.

Chinese News Article: Crossborder Yuan Loans – “Before it becomes a Global RESERVE Currency.”

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Source: http://sherriequestioningall.blogspot.com

By

Chinese News Article: Crossborder Yuan Loans - "Before it becomes a Global RESERVE Currency."

It is the first time I am seeing the words from China that comes right out and says what the plans for the Yuan is.

The first batch of cross-border yuan loans agreements were signed on Monday after the central government approved the Qianhai area in Shenzhen to test a freer yuan before it becomes a global reserve currency.

 As the loans come from Hong Kong, the move is a test offurther capital accounts opening by allowing offshore funds tobe transferred to the mainland.

Previously, offshore yuan could flow back to the mainland only through yuan-denominated trade and renminbi qualified foreign institutional investors.He added that the yuan is marching gradually and steadily toward becoming a global currency,and he expects more breakthroughs on that front this year.

They have never said “Global Reserve Currency” before.  They have said “Convertible currency” and other words.

China has actually imported more gold and silver than they admit to.  They imported an estimated 1000 tons of gold over the last few years but experts believe it was much more than that.   They have also been importing silver in major quantities that are not being revealed.  I read a story the other day about someone in China trying to buy silver and gold bullion but the place was nuts with crowds all trying to buy the gold and silver the dealer had just gotten.

Kingworld News has an article about China being a gold backed currency.

Jim Willie did an interview last week and he mentioned that China was going to take it slow and not be totally overt in becoming the Global currency because they don’t want the U.S. to start a war for some made up reason against china.

Mining.com has the rumor China plans on importing 5000 to 6000 tons of gold this year (article from 2012). 

unconfirmed speculation” that China – the world’s number one producer and second-placed consumer (at the moment) – is gearing up to buy up to at least 5,000 to 6,000 tonnes starting before the end of the year.

Silver is huge in China too.  There has been a lot of talk in the “silver world” saying there is a major shortage.  Besides the fact that the 2013 Eagles sales have been suspended due to over 5 million orders in the first few days of 2013.   The majority of silver mined is used for industrial purposes and it seems there is a shortage happening.

The writing is on the wall.  China plans on having a Gold backed Global Reserve Currency.  I have written about the agreements China has with other countries and has already began trading in Yuan instead of dollars.  The BRICS began those trades last year.  The only thing that is keeping the dollar as the “reserve currency” right now is because it is the “Petrol Dollar.”   Saudi Arabia is the reason the dollar is still the oil trading currency.  Is it any wonder that Obama bows to the King of Saudi Arabia as the U.S. is obviously beholden to them otherwise it would not still be the official reserve currency of the world.

Once Saudi Arabia decides to go with the rest of the world and begins using other currencies for oil as India, Iran, Russia and China already do…. it will be game over for the dollar.

Obviously the day is getting closer since the article says “Global Reserve Currency” from China Daily.  Again they have never used those words before from what I have seen.  They have used “Global convertible currency.”  Remember China purchased the London Metals exchange last year, which began using the Yuan and the CME began added the Yuan as a trading currency last year too 

China holds things very close to their chest in information and they don’t put information out normally until deals are done.  So with them allowing “Global Reserve Currency” words out, what deals have been done already and how fast will it all go down and the dollar with it?

Some of my favorite metals sites are: David Morgan of Silver-Investor always has great information about Silver and what is really going on.   I go to Gata, Got Gold Report , and 24 hour Gold for the latest in gold information.

Few probably are aware of this, but long time subscribers to The Morgan Report (TMR) were notified that a meeting had taken place in South East Asia roughly a decade ago discussing — you guessed it –A GOLD BACKED YUAN.

Most people in the West do not understand the Chinese mind set of looking out several generations,

Edit to add:   I found another article today on the same Chinese News site – Their frustration with the dollar titled “The Unloved Dollar”

But the dollar’s role as international anchor is beginning to falter, as emerging markets everywhere grow increasingly frustrated by the Fed’s near-zero interest-rate policy, which has caused a flood of “hot” capital inflows from the United States. That, in turn, has fueled sharp exchange-rate appreciation and a loss of international competitiveness – unless the affected central banks intervene to buy dollars.

Wow – they have really put out information now as I have never seen before and the two articles being out on the same day…… says something is already happening, we just don’t know the full extent yet.  But I have a feeling since they have come right out and said “Reserve Currency” and “Unloved Dollar” whatever the changes of Currency will happen this year.

Update – 1/29/13  - David Morgan of Silver Investor allowed me to interview him today about this subject, the silver shortage and Germany and their gold.

Obama to Top Brass: Will you fire on American Citizens?

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Obama to Top Brass: Will you fire on American Citizens?

By NextNewsNetwork

Obama to Top Brass: Will you fire on American Citizens?

The Obama administration is openly escalating its campaign against private gun ownership, and shaking up the top ranks of the military command structure — but is it also preparing to make war on the American population? According to a person identified as a former senior military official, the answer to that shocking question is yes.

World-renowned educator and human rights activist Jim Garrow says that the source, man regarded as “one of America’s foremost military heroes,” told him that President Obama is using a new litmus test for “determining who will stay and who must go” among top-ranked military leaders. That test is whether they will fire on US citizens or not. Garrow says that his source made the disclosure in order to “sound the alarm” over the administration’s plans.

While Garrow will not yet reveal the identity of the source, it’s important to note that Garrow himself is a man of considerable accomplishment. He is the founder of the Bethune Institute, which has established hundreds of schools throughout China. Three years ago, he was nominated for the Nobel Peace Prize for his work though a group called Pink Pagoda, which combat “gendercide” in China — that is, the practice of rescuing baby girls who had been abandoned or targeted for infanticide because of the government’s one-child policy. He was personally involved in helping to save the lives of more than 50,000 Chinese girls. He joins Gary Franchi on WHDT World News to discuss this new “Litmus Test.”

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Watch now on RTR: http://rtr.org/vid/8341
Watch now on YouTube: http://youtu.be/kzT6X3_Bg9o

Next News Network’s WHDT World News Program airs daily at 6pm and 11pm Eastern on Comcast, DirecTV and Over-the-Air and Online at http://usmediavault.com/WHDT.html

 

Obama Helps Chinese Investors Purchase US Real Estate to Compensate for 2008 Crash

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Source: http://occupycorporatism.com

Obama Helps Chinese Investors Purchase US Real Estate to Compensate for 2008 CrashBy
Occupy Corporatism

The National Association of Realtors (NAR) is reporting that thanks to foreign investors, the housing market is beginning to make a recovery. These non-American buyers have purchased $82 billion worth of US homes with $7 billion being Chinese and the second largest investors to the Canadians.

Chinese business owners and possibly government representatives are acquiring a large amount of American real estate with $2 billion in commercial properties in 2011.

The NAR also says that Japanese investors are “buying up America’s landmarks” which has been hailed as an “economic miracle”. The Japanese are interested in owning “high-priced hotels, golf courses, office buildings and condominiums.”

Since 1993, the Japanese have been able to assist the American investor in purchasing “distressed assets” (i.e. foreclosed real estate) by lowering the market values which created astronomically low purchase prices. Now the Chinese from Hong Kong are bringing their money to American shores, buying up properties at an alarming rate.

Canadian investment in US real estate has between 1994 to 1998 to 20.0% along with Germany and the Netherlands.

The NAR praises this boom in foreign investors are a conceptual move from traditional to non-traditional investing. New York is seeing an obvious increase in sales to foreign investors which as contributed to the increasing pace of real estate transactions; while not increasing the value of those properties.

CB Richard Ellis, global real estate advisory firm, asserts that foreign money flooding the US real estate markets means a 1.5% increase to Americans. As property in America is moved into the hands of Asian business-owners and government representatives large portions of New York City, Washington DC, Boston and San Francisco are disappearing from the control of Americans.

In the Miami and Fort Lauderdale areas of Florida 10% of client investors are foreign which accounts for 50% of their business transactions. This trend has been going strong since 2010.

This move is touted as an attempt to turn foreign currency from the implosion being committed in the Euro-Zone. And in protecting their ability to use their fiat currency, investing in hard assets (i.e. property, land) is ensuring the wealthy remain so regardless of whether or not fiat currencies are destroyed across the globe.

The Obama administration is pushing for auctions of foreclosed to foreign investors in bulk sales. The foreclosed properties held by Fannie Mae, Freddie Mac and the Federal Housing Agency (FHA) are of the utmost importance to unload onto foreign investors. By setting the stage for easy money from foreign investors, Obama ensures that those investments are given a major return as more properties are given up for rent rather than resold.

FULL STORY

Last Sane Man on Earth¿

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This caught my eye and not possessing a gift to see into the future I am unable to laugh at the man or cry with him.  Still in search of the crystal ball that is about the fortune telling function and not just a desktop fashion statement.  Shopping tips always appreciated :)  Also, comments will be discontinued after 12/20/2012, as anyone can analyze and predict “yesterday”, other than the main stream media that is.  Here is a toast to 12/21/2012, whatever it may bring, based on current politics, could only be an improvement!

RT.com offers up the story below…

Chinese man blows life savings on ark to escape Apocalypse

Source: http://rt.com

Chinese man blows life savings on ark to escape Apocalypse

domsday, Mayan, Noah, The unfinished boat built by Lu Zhenhai, a man from Urumqi, Xinjiang Uyghur Autonomous Region, afraid that his home would be submerged in a doomsday flood in 2012. (AFP Photo)

Lu Zhengai is so scared by the Mayan apocalypse, that’s he’s spent all his money – $160,000 – on building his very own Noah’s Ark.

The barely sea worthy boat, which he claims will save him and his family when flood waters destroy his house, was designed by Lu himself, measures 65 feet and will weigh 80 tons when finished, according to Chinese media.

Land lubber Lu, who lives in the Xinjiang Uyghur autonomous region of China – thousands of miles from the sea, began building the boat out of fear for the “doomsday” floods, predicted by the Maya calendar for December 21, 2012.

“I’m afraid that when the end of the world comes in 2012, flood waters will destroy my house, so I took my life savings and invested in the construction of this boat. When the time comes everyone can take refuge in it,” he told the Chinese News Service.

But Lu is not alone, in August the New York Daily News reported that another Chinese man spent two years creating a very different Noah’s Ark – a tough, buoyant yellow ball, perhaps better designed to cope with tsunamis and giant ocean swells than Lu’s flat bottomed barge.

(more…)

BLACK FRIDAY: AMERICAN WAGE SLAVES FIGHT OVER CHINESE SLAVE GOODS

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Source: http://21stcenturywire.com

By Patrick Henningsen
21st Century Wire

BLACK FRIDAY: AMERICAN WAGE SLAVES FIGHT OVER CHINESE SLAVE GOODSHow does it make you feel when you see people fight like animals – over something like a new iPhone or Samsung mobile phone?

You can tell the health of the tree by the quality of its fruits. America, as is evidenced by this week’s annual materialistic ritual known as ‘Black Friday’, has produced this particularly rotten fruit, consistently. It’s getting way too predictable for our liking.

The name “Black” joined with Friday, in itself, is worth looking at – in all its Satanic symbolism.

Why do they try to market this event as some sort of national holiday and call it “Black”?

It all started with the Cabbage Patch Doll uprisings back in the 1980′s. It seemed like a fluke at the time. But the trend has raged on, and on. An epic battle for a  load of cheap plastic made in China and Vietnam, mostly by women and children on a dollar a day.

Quite simply, it’s a victory for worldly goods, over humanity, as people worship brands like gods for sale. The devil’s handiwork, no less.

In reality, Black Friday is nothing more than a collective con – a nonevent, made to appear as an event.

American wage slaves who have witnessed such riots like in the videos below, should know by now that America’s once coveted status as the progressive world’s cultural leader – more and more it’s looking like ‘American exceptionalism’ could be the stuff of 20th century history already.

Those who have taken part in the Black Friday ritual should also know that their rulers are indeed laughing at them right now – as they watch their social engineering master plan come to fruition – reduced to a shallow pulp of mindless consumerism currently in the process of eating itself.

The remaining, mentally challenged chattering classes, will also watch these ugly scenes and then sit and argue whether Black Friday riots are the result of an Obama or Romney victory, as if. This level of sub-intelligence is what killed American democracy – another victory for the elite.

On a foreign policy note, if you are an Arab watching these scenes below, you might want to ask yourself, if this is what Barak Obama and Hillary Clinton were talking about when they waxed lyrical during your Arab Spring (that wasn’t) about the virtues of exporting  ”American values of freedom and democracy”?

Imagine when the dollar collapses – how ugly would that look. Empty supermarket shelves. How would Americans treat each other then?

It’s become a pathetic tradition, in what is way past the point of national embarrassment, but it’s not – instead, they promote it…

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Watch as it gets even uglier…

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