Showing posts with label China. Show all posts
Showing posts with label China. Show all posts

Friday, January 24, 2014

Who are all those wealthy Chinese buying US homes with cash?

From Hugh-Smith's article we could conclude that those Chinese nationals buying foreclosed properties in our cities with cash are neither agents of the Chinese government nor China's new billionaire class scheming to gain power or control over the US.  Rather they are simply criminals laundering their loot and preparing their getaway.

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Two Powder Kegs Ready to Blow: China & India

Submitted by Charles Hugh-Smith of OfTwoMinds blog,
China and India are both powder kegs awaiting a spark for the same reason: systemic corruption.
China's "princelings" (offspring and family of the inner political circle and top apparatchiks of the Communist Party) are billionaires, not mere millionaires. A recent expose of offshore accounts held by various Chinese billionaires estimated the wealth skimmed and transferred our of China at between $1 trillion and $4 trillion: China's Epic Offshore Wealth Revealed: How Chinese Oligarchs Quietly Parked Up To $4 Trillion In The Caribbean.
Even the top number is a gross underestimate, as $4 trillion only accounts for the skim of the top layer
... even the lowly functionary skimmer can get huge sums out of China: take a "vacation" to Macau. Buy $1 million in casino chips with your looted yuan. Lose $50,000 at the tables and then go cash in your remaining chips in U.S. dollars. Deposit the dollars in a Hong Kong or other Asian bank and then transfer the cash to L.A. or Vancouver to buy a house for cash. Repeat as necessary.
It has taken an enormous credit bubble of $23 trillion (The $23 Trillion Credit Bubble In China Is Starting To Collapse – What Next?) plus the monumental credit expansion of the shadow banking system in China to enable the skimming of $6 trillion by the political/financial Plutocracy….
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CH: Hugh-Smith ends with some words of wisdom that would apply at home:
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The spark that ignites the powder keg cannot be predicted or suppressed. Don't look to the disenfranchised peasantry as the source, though they are ready enough to cast off the Powers That Be; look to those who believed the gilded promises issued by the looters and discovered that the fruits of their labor and their hopes is disillusionment on a scale as vast as the skim looted from their nation by their self-serving leadership.

Monday, October 14, 2013

Letter to a Patriot: New World Order


I found this - a real turning point:

China's NOT TALKING ABOUT THE NEW WORLD ORDER YOU FEAR - THE NEW WORLD ORDER OF NSA SPYING, DETENTION CAMPS, BLACK HELICOPTERS AND BIG BROTHER.  That one is already here, organized and ready.  It's centered in Washington, New York, London and Zurich and has its tentacles all over the world.  It's in the process of shedding its disguises.  

The '"New World Order" China's calling for is a currency and economy that's beyond the control of the giant US, British and Swiss banks.  Calling on the rest of the world to escape of the rule of the Rockefellers and Mellons, Rothschilds and Morgans.  

It's really a call for an "Anti-New World Order"'  

China's calling for this now because a collapse of the dollar is inevitable - and close. Actually, it's already happening. 

It's been coming on for a long time, driven by the logic of greed that's built into the very heart and guts of our system. 

And it leaves us behind in "the belly of the beast", to survive, to break free from its power, to save ourselves, and perhaps to save the world from its death throes.

My prediction:  The False Patriots will try to conflate China's call for a New World Order with Big Brother, and will try to lead us back into line, unite against the foreign "threat" of China, Russia, Iran and Brazil - and against the internal "threats" of undocumented immigrants and unions.  

Maybe they'll have their pet terrorists fly some airplanes into skyscrapers to scare us back into line, or worse.

The True Patriots will be the ones who remember where our real enemy lies.  Here.  In America.  Not in the cities, the immigrant ghettos, the union halls and community groups, but at the top, in the Boardrooms of the Great Banks and Corporations.  

They understand in their guts that the true face of our enemy is not Republican or Democrat, black or immigrant, but Plutocrat - the rule of the rich and powerful. The billionaires that have no loyalty to any nation or people, who have far more in common with Saudi princes and Swiss bankers than with us. Who "play with us ... like we're their little toys." 

The True Patriots will be the ones who are organizing the people for survival and defense - all the regular people.  Know them by their instinct for unity and solidarity.  

The greatest fear of the False Patriots is that we won't believe their lies anymore. Know them by who they call traitors.  

A good touchstone: where do they stand on Edward Snowden?  If they call him a traitor, or even suggest he might be, get away from them!

The greatest weapon of the False Patriots is to get us fighting and hating each other.  Know them by who they call enemies.

A good touchstone: they may come from an anti-immigrant, anti-union tradition, but are they offering to lead us in battle against the immigrants and unions now? 

We see a lot of organized groups, good people pledging to stand together.  But the sad fact is that most of our people are not organized, and many of our groups are fighting each other.  

This is no time for spectators, no time for fighting over who will get which piece of the carcass.

Our real power lies in the unity and solidarity of all the regular people.  

We have a lot of work to do, a lot of learning and a lot of teaching.