While most of America is focused on a radical terrorist attack on Americans in Garland, TX, the bigger news came from the International Monetary Fund via the Wall Street Journal tonight which could only be equated to a 9.9 earthquake on the financial Richter scale:
IMF to Brighten View of China’s Yuan
Fund on verge of declaring China’s currency fairly valued for the first time in more than a decade
The story by Ian Talley of the WSJ seem innocuous enough. However some of the details should sett off major alarm bells for those who think that economic warfare or our future as the predominant world power shall continue:
More @ Shenandoah
Yea---was told this by my wife (who is Chinese--now American) about 12 years ago. The Chinese have been told several things...
ReplyDelete1) The RMB (yuan---Chinese Money) will be on par with the USD in aprox 20 years....so that was 12 years ago....so we got about 8 years left...if not sooner.
2) All Chinese Nationals that live in large cities like Beijing, Shanghai and Guangzhou---that have wealth (wealth = $USD 500K to 1 million) will be allowed to immigrate to the USA if they desire...hey the US owes China so many trillions....got to get some value---right? To support this I give you the following----that I personally know about.
a) EB-5 Visas for Chinese investing a minimum of $500K USD in the US to invest in businesses (usually ethnic Chinese owned) get a 10 year Visa and can lead to permanent residence----citizenship. Although....being a resident or citizen isn't that big of a draw because they get screwed by American Taxes. Most Chinese just like living here and having property and businesses and just pay the corporate taxes....with no withholding for SS....kinda nice eh?
2) LOTS of Chinese moms (try 300K per year easy) coming to the US to have their "US" babies. There are entire US cities making tons of money off these moms....don't listen to the bs news about these moms not paying anything.....they pay tens of thousands to doctors, hospitals and apartments while here. Which is much different that most mexican mamas and african, arab "refugee" moms....who just show up and get everything for free. Yea---this could all change if the US congress/president would change the laws and enforce them....but that isn't going to happen.
Yes---one day the USD will be on par with a lot of world currencies. And the American worker will be out of work and the American middle class will be SOL.
What to do----start small----learn a trade, make a product for local use. Get out of the BIG cites and move to a like minded area of people to make a life and raise your children.
Do I worry about the Chinese taking over? No, not really----they are much more pragmatic business people than rabid communists. I'm much more worried about the rabid communist Amerikans.
What to do----start small----learn a trade, make a product for local use. Get out of the BIG cites and move to a like minded area of people to make a life and raise your children.
DeleteDo I worry about the Chinese taking over? No, not really----they are much more pragmatic business people than rabid communists. I'm much more worried about the rabid communist Amerikans.
Great comment and I wholeheartedly agree, especially with the latter two.