Posted on 04/01/2014 11:34:06 PM PDT by 2ndDivisionVet
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.
But in most cases, the Chinese actually have to spend money to acquire our real estate. And they are starting to make some really high profile acquisitions in some of our most expensive cities…
China Vanke and Tishman Speyer signed a deal for a $620 million luxury condo project in San Francisco this winter. In April, another deal for a cool $1.5 billion was inked in Oakland between Zarsion and Signature Development Group.
In June, several big deals in New York City went down. Zhang Xin, CEO of Soho China , joined forces with the wealthy Safra family (of Banco Safra fame) of Brazil to buy a stake in the General Motors Building in Midtown, The New York Times reported on June 25. Dalian Wanda Group, another Chinese developer, is planning to build a greenfield luxury hotel in Manhattan.
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”…
Dozens of companies from China are putting down roots in Detroit, part of the country’s steady push into the American auto industry.
Chinese-owned companies are investing in American businesses and new vehicle technology, selling everything from seat belts to shock absorbers in retail stores, and hiring experienced engineers and designers in an effort to soak up the talent and expertise of domestic automakers and their suppliers.
Speaking of Michigan, one company known as “Sino-Michigan Properties LLC” actually had plans to buy up 200 acres of land near the town of Milan, Michigan. The goal was to build an entire “China City” with artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens.
But that is nothing compared to the “China City” that was being planned for New York state. The following is a short excerpt from one of my previous articles…
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.
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?
Many of our leaders seem resigned to the fact that the future will be dominated by communist China.
For example, the President of the St. Louis Federal Reserve recently stated that “attitudes in the U.S. are going to have to change” because America “will not permanently be the global leader”…
That’s according to Federal Reserve Board of St. Louis President James Bullard, who spoke to the Wall Street Journal on the sidelines of a conference during a recent visit to Hong Kong.
“Attitudes in the U.S. are going to have to change, because the U.S. will not permanently be the global leader,” Mr. Bullard said.
In fact, Bullard insists that it is inevitable that the U.S. will end up playing second fiddle to communist China…
In that case, “the U.S. would be playing a role to China similar to the role the U.K. plays to the U.S. today,” Mr. Bullard said. “People think it’s 50-75 years away but it’s probably only 25 or 20 years away, something like that.”
And this is one of the guys that is running the U.S. economy?
There is more than one way to dominate your enemy, and the Chinese understand this.
Sadly, most Americans have absolutely no idea what is happening.
What about you?
What do you think about all this?
Please feel free to share your opinion by posting a comment below…
There is some difference, at least here in Australia, the land the Chinese are buying are farms not rental properties. And when I say farms I mean massive cattle and sheep stations.
I don;t have a problem, I just meant to point out it is different. The Japanese invested, then largely withdrew when their economy tanked. The Chinese are invested long term.
bfl (post 12 link)
It would be interesting to know how many “farms” the Chinese own throughout the world. Actually, to know what countries have ownership of farms across the world would be of interest.... perhaps unsettling though.
“Weren’t the Japanese doing the same thing 30 years ago?”
I expressed concern over this to my politically connected uncle. He laughed and said, “They’re not citizens, they don’t vote, they won’t have an organized lobby, the tax increases are going to kill them. They’ll be gone in a decade.”
This yet another reprise of the “Japan will own everything” scare and “the Arabs will own everything” scare before that. They can’t put what they buy on a plane and send it home.
For an interesting take review what happened when the Japanese bought Rockefeller Center. Short spoiler...... they got their hair taken
One day soon we will wake up and there will be an announcement from the White House that we have a choice to make,face nuclear annihilation,or allow the Chinese to take control of our Government.
The only question asked by the American people will be, do we get to keep our Social Security, free phones and food stamps?
Exactly!
The Chinese have excess cash and need to invest.
Our assets are cheap, with a decent upside potential, so the Chinese will invest here.
Putting subsidiaries and manufacturing here is all you need to know about what is happening in their homeland.....rising wages, non-competitiveness, inflation, etc.
Just like Japan, China has peaked and will now enjoy 20 years of good times, followed by 30 years of bad times.
Meanwhile, India is rising.
Maybe they have Monopoly in China...and learn something from it.
Most of us learned nothing except how to mortgage our properties.
Yes, but Japan didn't have enough people to completely replace the population of the US. China does.
China is rapidly growing.
China also has five times America’s population.
America we need to stop buying everything imported. We need to bring back American jobs.
Now.
America we really, really need to be for American jobs.
We have in one single generation, sold out the best nation of earth.
We have sold out our very own country.
Both parties. Everyone. America get with it, we are being bamboozled and sold down the river.
America needs to work, and needs jobs.
American jobs. America stop buying everything imported.
Buy things made right here.
Whoa! I had no idea. Frightening!
The question tho is whether the Chinese will use economic leverage of I e sort or another to effect changes to US immigration laws that result in a much higher number of Chinese immigrants.
Remember that the Chinese tend to think and plan decades, if not centuries down the road. Will Chinese immigrants, once naturalized, really abide by the Oath of Allegiance? Will their children, born citizens, hold those ideals and loyalties as well?
It’s east to look back at various immigrant groups, from the Irish to the Japanese and understand that the charges of divided or fake loyalites was BS. But they were here long before mechanisms existed (like they do today) to really allow them to be highly influenced if not controlled/directed by their countries of national origin.
I am against open globalization and always have been. It is a faced that we can all live together and sing kumbaya.
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