WE’RE SURELY OUTSMARTING THE CHINESE

Just posted on another thread:

RSS
The Chinese Are Acquiring Large Chunks Of Land In Communities All Over America
Posted by aurelius77 on April 3, 2014

Has 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.

…

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”…

…

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?

Link::

http://endoftheamericandream.com/archives/the-chinese-are-acquiring-large-chunks-of-land-in-communities-all-over-america

@Bostonbob, this has been going on for the past 12 years or so.

They are not only buying our companies, they are buying the rights to vast amounts of our natural resources.

They are also building entire (tax free to American gubment) cities, and importing their citizens to live and work within them.

Would WE be able to do that in China? Since NO American company operates in China without majority Chinese ownership, the answer to that is NO.

Warren Buffett once warned that our children were going to wake up sharecroppers paying taxes to both China and the US government.

Allowing them to buy up our resources, our very land, is cementing this as an outcome.

Imagine if millions of “temporary” Chinese decide they want to make the rules, then what?

Why are we setting up industrial free trade zones that only foreigners can live and work in?

At what point do the smart people wake up and realize that this isn’t accidental?

We, the middle class, are being sold out and culled.

Soon we’ll all be like Chinamen. Silenced, poor and willing to kill our babies to keep our jobs.

Guess the elite and politicians believe they will be spared.

I don’t believe it, but they must.

TE,
The only good thing is my daughter will be majoring in Chinese next year and my son has had 6 years of Chinese.
Bob.

Sorry I did not see it post the first time.
Bob.

On the other hand the dollar still accounts for 90% of the over the counter Forex trading:

Is the yuan tearing down the the US dollar?
Posted by Houses and Holes in Australian dollar at 2:04pm on April 9, 2014 | 10 comments
Share on Facebook Share on Twitter Share on Reddit
+

So say the South China Morning Post:

At least 40 central banks have invested in the yuan and several others are preparing to do so, putting the mainland currency on the path to reserve status even before full convertibility, Standard Chartered said.

Twenty-three countries have publicly declared their holdings in yuan, in either the onshore or offshore markets, yet the real number of participating central banks could be far more than that, said Jukka Pihlman, Standard Chartered’s Singapore-based global head of central banks and sovereign wealth funds.

Pihlman, who formerly worked at the International Monetary Fund advising central banks on asset-management issues, said at least 12 central banks had invested in yuan assets without declaring they had done so.
The US dollar is still the world’s most widely held reserve currency, accounting for nearly 33 per cent of global foreign exchange holdings at the end of last year, according to IMF data. That ratio has been declining since 2000, when 55 per cent of the world’s reserves were denominated in US dollars.

The IMF does not disclose the percentage of reserves held in yuan, but the emerging market countries’ share of reserves in “other currencies” has increased by almost 400 per cent since 2003, while that of developed nations grew 200 per cent, according to IMF data.

Pihlman said “a great number of central banks are in the process of adding [yuan] to their portfolios”.

“The [yuan] has effectively already become a de facto reserve currency because so many central banks have already invested in it,” he said.

There’s more than a little over-excitement here. The Chinese economy is the second largest in the world yet the central banks holding yuan don’t look much larger than those holding Australian dollars.

Besides, there is a quantum difference between central banks holding a few of your pennies and global markets pricing absolutely everything in relative terms off your currency. The US dollar still makes up one side of 90% of the world’s $700 trillion in over-the-counter forex, equity, commodity, interest rate and credit derivative transactions, making the yuan (and everything else) almost completely irrelevant.

A second point worth noting is that if you’re going to be a true reserve currency then you’re also going to have to run huge current account deficits, or there simply won’t be enough of your dough to go around. While the notion of 1.3 billion consumers going hog wild at the mall suggest such is possible in the future, with very low average incomes and entrenched savings habits, China has a long way to go before it’ll be chucking out enough yuan to satisfy that criteria.

While the next chart from JP Morgan will no doubt one day come true, it probably won’t be in my lifetime:

Is the yuan tearing down the the US dollar?
Posted by Houses and Holes in Australian dollar at 2:04pm on April 9, 2014 | 10 comments
Share on Facebook Share on Twitter Share on Reddit
+

So say the South China Morning Post:

At least 40 central banks have invested in the yuan and several others are preparing to do so, putting the mainland currency on the path to reserve status even before full convertibility, Standard Chartered said.

Twenty-three countries have publicly declared their holdings in yuan, in either the onshore or offshore markets, yet the real number of participating central banks could be far more than that, said Jukka Pihlman, Standard Chartered’s Singapore-based global head of central banks and sovereign wealth funds.

Pihlman, who formerly worked at the International Monetary Fund advising central banks on asset-management issues, said at least 12 central banks had invested in yuan assets without declaring they had done so.
The US dollar is still the world’s most widely held reserve currency, accounting for nearly 33 per cent of global foreign exchange holdings at the end of last year, according to IMF data. That ratio has been declining since 2000, when 55 per cent of the world’s reserves were denominated in US dollars.

The IMF does not disclose the percentage of reserves held in yuan, but the emerging market countries’ share of reserves in “other currencies” has increased by almost 400 per cent since 2003, while that of developed nations grew 200 per cent, according to IMF data.

Pihlman said “a great number of central banks are in the process of adding [yuan] to their portfolios”.

“The [yuan] has effectively already become a de facto reserve currency because so many central banks have already invested in it,” he said.

There’s more than a little over-excitement here. The Chinese economy is the second largest in the world yet the central banks holding yuan don’t look much larger than those holding Australian dollars.

Besides, there is a quantum difference between central banks holding a few of your pennies and global markets pricing absolutely everything in relative terms off your currency. The US dollar still makes up one side of 90% of the world’s $700 trillion in over-the-counter forex, equity, commodity, interest rate and credit derivative transactions, making the yuan (and everything else) almost completely irrelevant.

A second point worth noting is that if you’re going to be a true reserve currency then you’re also going to have to run huge current account deficits, or there simply won’t be enough of your dough to go around. While the notion of 1.3 billion consumers going hog wild at the mall suggest such is possible in the future, with very low average incomes and entrenched savings habits, China has a long way to go before it’ll be chucking out enough yuan to satisfy that criteria.

While the next chart from JP Morgan will no doubt one day come true, it probably won’t be in my lifetime:

20120103_JPM_reserve

Response from the White House

Um, ah, yeah, this article is um you know correct! We have ah, um a plan. But as you know plans cost money, so ah yeah, we will just loan some more into existence as ah, we are America, party at my place tonight after golf.

AWD – that is it. Short and sweet. It really does explain the difference. The Chinese are patient bastards. Americans demand instant gratification.

It is the ant versus the grasshopper played out in real life. The ant wins, the grasshopper starves.

[img[/img]

The article was very good and informative thank you. The whole transfer of wealth and power that’s taking place is truly unprecedented. Unfortunately i agree we are our own worst enemy. Furthermore i believe it’s too late for MIGHT to make things right, that has worked in the past but i feel the jig is up. Unless ol’ Ronald Ray-Gun went ahead with that idea he had. So, now that the die has been cast, what now ?

ZombieDawg

Yeah, right. It’s all the chinese fault that have the gold. It’s never your fault accumulating those debts. It’s never your fault that the gov you voted for to have wars, export jobs, inflate currency and writing blank check for social welfare. The chinese don’t point the gun to ur head, your gov rob you with inflation.

Grow up and act like an adult.