Most people don't know this, but there is a government program in which you can get a visa to permanently live in the U.S. if you start a business that is investing $500,000 into what is considered as a government designated Regional Center investment visa program. This program is what is known as EB-5. Well, in another blind and apparently thoughtless move the U.S. Congress is putting a bill through its paces to pass a similar act, one in which a foreigner could by a $500,000 piece of real estate and get a permanent visa to live in the U.S.
Don't believe me??? See the report here:
http://www.latimes.com/business/la-fi-visas-home-buyers-20111021,0,6715779.story
The bill has been introduced by two U.S. Senators and they think it would be a boon to California's foreclosed real estate market and one that the Chinese absolutely love. You see, it isn't bad enough that there is a huge trade imbalance between the U.S. and China. And while we're at it, it also isn't bad enough that they deliberately devalue the U.S. dollar against their own currency, but now they can use that devalued currency to buy our own real estate right out from under us!!!
Yes, that's right, the Chinese and just about any other foreigners that have more money than American citizens (which is just about the rest of the world) can use their currency which is currently worth more than our own to buy our lands away from us.
For years I was always concerned that the Chinese were going to start a war with the United States. After all, they have consolidated a massive military machine within their own borders and even created a James Bond style submarine base built into the side of a mountain in the South China Sea, capable of housing at least 25 nuclear submarines. I mean, gee, what were they going to do with that, play patty-cake with us? But why would they need all of that when they have our Congress and Senate in their arsenal? Every time our government officials make a decision of any type, it is almost always in favor of every other country in the world, so I often wonder why the Chinese would even bother building a military machine like that.
It is such a pleasing sight to see people that come to America, from countries that have sucked up our wealth, jobs and now real estate and have absolutely no stake in this country whatsoever get every tax break, benefit and resource that they can. I would also like to point out that they can also leave and go back home whenever things get tough, because they will have dual citizenship and not have to deal with any of the calamities that Americans will have to incur in the next couple of years. When the economic junk really hits the fan and we have anarchy in our streets, the Chinese, or whoever, can smile, jump on their planes and go home.
The rest of us will have to deal with this mess.
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