Posts tagged property
The Chinese Want To Spend Billions Constructing A 600 Acre “China City” In New York State
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.
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?
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
Karen De Coster Discusses the Detroit Bankruptcy
Published by NextNewsNetwork
Karen De Coster interview with Gary Franchi for WHDT. The topic is Detroit and the city’s bankruptcy.
Cities use Eminent Domain to Fight Foreclosures
In recent years, that practice has been expanded to include lucrative corporate ventures, such as shopping malls or even casinos, that can expand the local tax base. Yahoo News points out that Richmond, Virginia is about to become the first city in the U.S. to attempt using eminent domain as a way to stop foreclosures.
About half of all homeowners with mortgages in the city are underwater – meaning that they owe more than their home is currently worth – in some cases, up to three or four times as much. On July 29, the city sent out letters offering to buy 626 underwater mortgage loans for what it considers a fair market price.
If the offers are declined, the city intends to condemn the properties through eminent domain.
USDA Protection Racket Demands 47% of Raisin Crops – Destroys Small Farmers
Barb’s Note: This is a criminal extortion racket. What is the difference between a mobster coming to your property and demanding a portion of your profits for “protection” and the government coming to your property and demanding a portion of your crops for “protection?” NOTHING!!!
By Don Pittis, CBC News
Detroit bankruptcy: Is it a warning sign of things to come?
Detroit’s financial meltdown has lessons for Canada and the rest of the global economy, Don Pittis writes
What if Detroit isn’t a blip? What if, instead, the city’s decision to enter bankruptcy proceedings is a sign of things to come?
Crazy talk? Maybe. But that was the prediction in a recent book by Wall Street financial analyst Meredith Whitney, best known for being one of the very few mainstream analysts to foresee the 2008 banking meltdown.
Interestingly, she also predicted this week’s Detroit bankruptcy.
That may seem less impressive now that it has happened. On the other hand, the screams of outrage from lenders who are being offered 10 cents on the dollar for their billions in bonds by Detroit show that it wasn’t obvious to them.
“I wish there had been a lot more outrage over the past 10, 20 years,” said Kevyn Orr, the bankruptcy expert charged with cleaning up Detroit’s accumulated financial mess, at a news conference Friday.
- Read the latest on Detroit’s financial situation
- Detroit’s crumbling dream fuels art scene
- See photos of decaying Detroit
- Debt-laden places like Detroit offer lessons for Canadian policymakers, Don Pittis wrote in April
The fact is, long after Detroit’s decline had become obvious, the city’s government kept borrowing and lenders kept lending.
Some of the municipal debt against the future was hidden in the city’s own books in the form of off-balance-sheet pension responsibilities. Other borrowing was obvious to everyone, in the form of bonds secured — at least notionally — by Detroit’s future tax revenue.
The whole house of cards teetered on a fiction that the city would return to its former prosperity. But somewhere between 1960, when Detroit had the highest income per person in the United States, and now, the city fell into a vicious circle of decline.
As good jobs left, so did educated people. Nearly half the population is now functionally illiterate. And while loans and liabilities were accumulated when the city had nearly 2 million people, now 700,000 bear all the responsibility for its debts.
Police and fire services are abysmal. Parks are closed. The murder rate is surging. Many bondholders assumed the city would simply continue to raise taxes to cover the interest payments. But as Orr said after the bankruptcy filing, there is just no way he can raise taxes any further. If he did, more and more taxpayers would simply pull up stakes and go somewhere else.
According to Orr, this is a disaster you could have seen coming years ago. Sure, the city was irresponsible in its borrowing — but just as in the sub-prime loan collapse, it is the responsibility of lenders to make sure they will get paid. It’s as if the bondholders who lent the cash hadn’t seriously considered where the money would come from to repay their loans.
Which is exactly Meredith Whitney’s point. In her book Fate of the States: The New Geography of American Prosperity she says the Detroit crisis is far from unique. “Awash in new tax revenues, cities and states borrowed and spent as if the good times would never end. Unfortunately, they did,” Whitney says in the book written well before the current bankruptcy filing.
She says that in the wake of the U.S. property meltdown of the past few years, the cities and states that found themselves dangerously in hock were also the ones that had hidden pension debt, just like Detroit.
She says lenders have been poor at taking that into account. “State and local governments have underfunded — even non-funded — their pension funds for years now, and they can’t seem to break the habit,” Whitney writes. “In New Jersey, actual debt is at least four times greater than bonds outstanding.”
Part of Whitney’s analysis is especially interesting to Canada. Looking at the American experience, she says that the accumulation of debt in places that were formerly prosperous is contributing to a population shift to areas like the Midwest and the Dakotas, the former “flyover” states.
North of the border, we are seeing something similar as the old industrial areas of Canada struggle to deal with debt while the prairie provinces boom. In some ways Detroit is an analogy and a warning to the rest of the global economy.
Instead of taking our knocks during the bad times, governments borrowed and central banks created money to help us through, assuming that good times would soon return. If the world bounces back and returns to growth, if the tax base resumes its growth, all will be well.
That didn’t happen in Detroit. It may not happen in Greece and Portugal. As she makes very clear, while Whitney is not predicting widespread defaults, she warns that Detroit is only one of the governments that won’t be able to make their payments. In the wake of this week’s events, lenders who were skeptical of her thesis are likely to scoff a little less.
Detroit’s problems are far from over. Bankruptcy is no picnic, and the city faces at least 15 months of court battles. Provisions of Chapter 9, the bankruptcy rule for cities, have never been used for a collapse of this magnitude.
Compared to the day he took the job, Orr looks haggard. But by taking its knocks now, going through the painful process of bankruptcy draws a line under Detroit’s problems, just as it did for Chrysler and General Motors when they filed for bankruptcy almost exactly four years ago.
As Michigan governor Rick Snyder said at Friday morning’s press conference, this is a chance for Detroit to carve out a new future: “Now is our opportunity to end 60 years of decline.”
Copyright © CBC 2013
Republished with permission
Posted by JudgeNapolitanoFTW
Judge Napolitano discusses Natural Rights and why The Patriot Act is exactly the type of legislation the Founding Fathers wrote the Constitution to PREVENT! Courtesy of Campaign For Liberty.
Posted by F0x1214
Published on Feb 9, 2013
PLEASE SHARE – READ – SOURCES: http://www.fox19.com/story/21088630/t…
“It’s not about Left vs. Right… It’s about Liberty vs. Oppression”-Ben Swann
Former Presidential Candidate, Libertarian Author, and Constitutional Scholar, Michael Badnarick sits down with Gary Franchi to respond to the recent Gun Grab Hysteria.
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Submitted by legalizeliberty
From: Ed Chenel, A police officer in Australia
Hi all, I thought you all would like to see the real figures from Down Under.
It has now been 12 months since gun owners in Australia were forced by a new law to surrender 640,381 personal firearms to be destroyed by our own government, a program costing Australia taxpayers more than $500 million dollars.
The first year results are now in:
Australia-wide, homicides are up 6.2 percent,
Australia-wide, assaults are up 9.6 percent;
Australia-wide, armed robberies are up 44 percent (yes, 44 percent)!
In the state of Victoria alone, homicides with firearms are now up 300 percent.(Note that while the law-abiding citizens turned them in, the criminals did not, so the criminals still possess their guns!)
While figures over the previous 25 years showed a steady decrease in armed robbery with firearms, this has changed drastically upward in the past 12 months, since the criminals now are guaranteed that their prey is unarmed.
There has also been a dramatic increase in break-ins and assaults of the elderly, while the resident is at home.
Australian politicians are at a loss to explain how public safety has decreased, after such monumental effort and expense was expended in ‘successfully ridding Australian society of guns….’ You won’t see this on the American evening news or hear your governor or members of the State Assembly disseminating this information.
The Australian experience speaks for itself. Guns in the hands of honest citizens save lives and property and, yes, gun-control laws affect only the law-abiding citizens.
Take note Americans, before it’s too late!
Photo added to original post.
By Heather Callaghan
“Our farm is basically embargoed. We can raise all the pigs we want, but can not move them out to our market. That cuts off cash flow, effectively starving the farm financially and the pigs practically.”
Bakers Green Acres made the news last spring as the Michigan Department of Natural Resources (DNR) went on a mission to eradicate heritage pigs, calling them a feral invasive species. This move would wipe out the entire small-scale farm whose animals pose no threat to typical hog species. New blockages from multiple government agencies are making it impossible to run the farm.
Mark and Jill Acres of Marion, MI decided to fight the Invasive Species Order but have not been allowed to have a hearing, and it’s been a year. So, after feeding all the Russian boar and Mangalitsa pigs ($200-300 per day) to keep them alive while in limbo, they decided to take them to slaughter. Isn’t that what the State wanted – wouldn’t that make them happy?
The MUST WATCH video below illustrates a dire situation that affects all of our food freedom. Many of us don’t hear what goes on with victimized farmers after the initial news hits – makes one wonder if these court cases are dragged out on purpose. But Mark lets us know in his Situation Report with rousing, patriotic words about our food and farming rights. He aptly compares these government actions to, as Jill said:
the Soviet blockade of Berlin post-WWII. They attempted to gain control of the entire strategic city forcibly by controlling the food and fuel the people could have…
Here are some points to know about Baker’s Green Acres’ situation compiled from their blog:
- These pigs needed to go to a USDA slaughter facility (unlike game hunting) and be certified healthy by an accredited veterinarian.
- Once in the kill facility, they cannot be released back to the farm – if unacceptable, they get disposed or transferred to another USDA facility.
- Michigan had recently rejected health paperwork for a fellow farmer and even threatened the license of the vet who certified them as healthy.
- This facility had processed their mangalitsas before, but now their name would be flagged because of the pending lawsuit.
- As they suspected, the USDA inspector had photos and forms flagging the outlaw characteristics.
- The Bakers wanted to avoid the possibility of the pigs being simply disposed of AND the family actually being charged a “disposal fee” as they would be deemed “feral.”
- Having them “tagged” on the kill floor would cost time, money and problems for both the Bakers and the plant.
- The inspector wasn’t unreasonable – he was practical and caught in the middle.
- In both cases, the State is making our veterinarians the enforcers by threatening their license to practice if they break rank.
- This isn’t just a move from the rogue DNR (allegedly working in tandem with Michigan’s corporate Pork Producers) – it involves farm agencies that raise animals for USDA slaughter like the MI Dept of Ag & USDA – but the DNR, that is supposed to oversee hunting preserves, public parks, and hunting operations has manipulated farm processing facilities, blurring the lines of authority significantly.
- “Our farm is basically embargoed. We can raise all the pigs we want, but can not move them out to our market. That cuts off cash flow, effectively starving the farm financially and the pigs practically.” Jill
We, the citizens of this country must stand up and stand together. The purposes of this government are in defiance of the people’s expressed will. This administration seems to go that way more often than not (reference the Canada to Detroit bridge issue and the handling of the ‘right to work’ legislation). This has all sparked a lot of discussion about what to do with the pigs, examination of any possible options, and several sleepless nights for the feeder of the pigs. Not exactly ‘holiday spirit’ stuff.
More details on the pending case: http://www.farmtoconsumer.org/michigan-dnr-going-hog-wild.htm