Submitted by SD Contributor AGXIIK
California will be the first real Chinese colony on the mainland of the US. They already have a great foothold in Hawaii. It’s a huge vacation spot for mainland Chinese. They are helping in Greece and Europe in general since it is their largest market. Their financial commitment will grow in Europe as they buy defaulted bonds and sovereign debt that is secured by the actual property of the government and private property of its citizens. The Chinese will do the same thing to the PIIGS as California is contemplating doing to underwater mortgage holders. Expropriating private property that is underwater through debt purchase and then taking over the private property rights of the ‘former’ owners of the homes. If you have debt on your home YOU DO NOT OWN IT. The bank owns it and if the bank is Hanmi Bank, Nara Bank, United General Bank or any other Chinese owned bank then know who your next master will be.
As the Chinese Hoover up every ounce of gold and silver and back their currency with real value, they and their allies, the BRICS and SA will shove the US off the cliff as a useless relic of the 20th Century.
China is at war with us. It’s a soft war now, but our body count is getting high as people in the USA are closer to civil unrest, food shortages, poverty and desperation.
Have you noticed the quiet riots taking place in formerly peaceful cities like Seattle? This should come as no surprise now that the various 3 Letter federal agencies have bought 1 billion rounds of hollow point ammo. They have a genuine fear of angry citizens looking for a place to vent their wrath. That’s enough for a double tap and one head shot. ISYN!.
15% of the US population is in poverty—22% unemployed— 50% of our citizens file tax returns with no payments to the government—45 million on food stamps. That’s bad place to be in.
While government is nothing if not an insatiable black hole of monetary wants and needs, the people must come first and without constant government interference. We need to become much more self reliant.
Sorry to be so graphic but our country’s leaders understand that the Chinese are way ahead of us as far as fiscal solvency and economic growth. They may have their own rough patches but they know how to handle it. Our leaders will do nothing to counter the Chinese juggernaut. They can’t because they are part and parcel the problem that we are in now.
They created it.
They are part of the present day paradigm and must sustain it by any means possible. Our GDP is shrinking in nominal terms and cratering in inflation adjusted terms. California is going the way of Greece and 12 months from now it is be unrecognizable as the once Golden State. The Chinese, with their century and even millennium- long view of things can just wait for us to implode and take over without firing a shot.
When we talk about fiscal crises, California is closest geographically to China so it will be the first sally port for Chinese influence, both monetarily and economically. When CA defaults the Chinese will be there to help, slowly at first to get a toehold in the state and then with vigor as Chinese move to the state to take over industries, governmental positions and residences.
I know of this from their inroads to the Canadian banking community. In Canada one of the largest cities on the Canadian west coast is now nicknamed HongCouver. Yes, that was Vancouver but not now. It is a financial, economic and political colony of Hong Kong/China. Nice job if you can get it. The colonial model is now well established. The Canadians welcome the people and investors from China. Before they knew it, China was a predominant force on the west coast of Canada. They greedily eye the Canadian resources and commodities.
California will be the first real Chinese colony on the mainland of the US. They already have a great foothold in Hawaii. It’s a huge vacation spot for mainland Chinese. They are helping in Greece and Europe in general since it is their largest market. Their financial commitment will grow in Europe as they buy defaulted bonds and sovereign debt that is secured by the actual property of the government and private property of its citizens. The Chinese will do the same thing to the PIIGS as California is contemplating doing to underwater mortgage holders. Expropriating private property that is underwater through debt purchase and then taking over the private property rights of the ‘former’ owners of the homes. If you have debt on your home YOU DO NOT OWN IT. The bank owns it and if the bank is Hanmi Bank, Nara Bank, United General Bank or any other Chinese owned bank then know who your next master will be.
The US and CA are the second largest Chinese markets. If the Chinese can get to par with the US as a reserve currency, such as they have done in Africa, their newest economic and financial colony, they will buy and sell us and anything we THINK we own and do so like any commodity on the open market. We will sell anything to stay alive just as the Portuguese people are selling their last fragments of gold to pay the rent. The Chinese will use our own bankrupt currency to buy us. Living a live without counter-party risk might protect you. Gold and silver are a good part of that system.
As the Chinese Hoover up every ounce of gold and silver and back their currency with real value, they and their allies, the BRICS and SA (no friends of ours IMO) will shove us off the cliff as a useless relic of the 20th Century.
All empires end up on the ash heap of history. If we don’t get our poop in a group soon, we will find ourselves relegated to third world status. English as a second language will come behind Mandarin.
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Portuguese people aren’t the only people selling their last fragments of gold, Italy is also doing the same thing which is what I’ve heard from one of Coinflation’s article. Don’t worry, I’ve seen an article saying that China is also showing some economic slowdown which means that there’s still little bit of hope for USA.
I disagree.
general united bank is chinese
hanmi bank and nara bank (bbcn) are south korean, not chinese.
Correctamundo Durentu. I glanced at my bank list and picked up the Korean banks. My mistake.
Chinese banks in CA include Omni, China Trust, American Continental, Union Bank, East West Bank to name a few. On another note the Chinese have invested $7.8 billion into California year to date.
@AG;
Im trying to make sense of this but it seems vary scattered to me. I am trying to also figure out why SD seems to be trying to dump on California lately without any facts.
Like the Black Swan piece when the Richmond Oil Refinery had a small fire. Gas since then has gone up 19 cents but was already making this move in price hike and is nation wide do to the climbing crud price
What have the Chinese invested in? as per quote “” On another note the Chinese have invested $7.8 billion into California year to date.”" 7.8 billion is nothing in this states econome.
Cal has always been vary diverse thats why all the wackos moved here lol If you havent guess Im native CA.
ha ha ha I was just thinking I work in San Francisco so lets look at a Chinese restaurant. Lets say they want to own the bilding there operating out of. On a typical comercial neighborhood shopping street we have 3 story buildings. With 1-2 store fronts and maybe 4 apartments on the upper levels.A building like this in a middle class neighborhood will cost around 4 million dollars. The apartments will rent out at $2000-2500 each depending on size. The two commercials 1000 square foot each would get $5000 per month each.
That said if im going to sell cheap egg rolls an noodles in San Francisco I better buy the building. I can live upstairs and work downstairs free of rent. The extra units will generat money for me to live and save. My cheap egg rolls and noodels I sell will pay all my state, local and property taxes.
It’s not cheap living or working in San Francisco did I mention parking tickets? So is this one small building among the thousands, and hundreds of Chinese Restaurants here in the City counted towards the 7.8 Billion ??
I would see CA going to Mexico before China anyway.
Agreed, Mary. They do not call the place Mexifornia for nothing!
427 My apologies if it seemed like I was trying to dump on CA. I lived in CA from 1966 to 2009 and enjoyed every minute of it. China invests where they see advantages in weakness in the economy, taking pieces of the US commodity, banking and real estate markets where ever they can. They have been kicked around for centuries by the British, Japanese and the US and now see their advantages in wealth and capital power. They are the second largest GDP in the world and appear to be flexing their muscles. They also think along the lines of Sun Tsu and the Art of War. There are scores to settle that go back decades and centuries.
CA is a resource rich state but terribly poorly managed. It’s financially bankrupt with cities failing and budget deficits in the billions. That is one of the reasons I left 3 years ago and moved to Nevada. The Chinese want to take advantage weaknesses and need to buy into economies where they see good values that allow them to grow their income streams. I recall in the 1980s when Japan was rotating hundreds of billions into the US. People were fearful that they would buy us up. They paid top dollar however and those investments ended badly. The Chinese see a better price point now.
$8 billion is sizeable if leveraged. Those income streams rotate back to the Mainland. Multiply that $8 billion in CA to a worldwide level with a war chest of $300–500 billion and now the Chinese start planting some large scale economic roots. Having a stockpile of strategic assets in the US, a nation the Chinese see as their foe in many ways, means they can plant their economic flags on our shores with our own money. They also know their economy is due for a rough landing as they want to diversify and remain able to provide for 1.3 billion people.
The Chinese are setting up shop in Africa in a much larger fashion as the western powers cede control to the commodity rich nation. They are vigorously working to put down strong economic roots within their own Economic Co-Prosperity sphere in the Far East nations who see the might of the Chinese Army and Navy. They are prepared to defend it with a large blue water navy and aircraft carriers. But having a toe hold on the west coast of Canada and the US allows them to make further inroads in an easterly direction. They they are spending tens of billions to buy oil, coal and natural gas suppliers in both countries.
A note out of Australia shows Chinese mining and commodity firms buying entire mining enterprises which produce significant amounts of gold, lead, zinc, iron and silver. These commodities are rotated back to the mainland to feed the machine.
I would not be surprised to see China buying Nevadan mining firms since NV is the fourth largest producer of gold in the world. Silver is also being produced in large volumes here as well. I think the Chinese see these toeholds as giving them leverage, political clout and a very long term income and product stream. They are even getting to the most serious of banking enterprises within Wall Street as was outlined in an article about 2 months ago. They would be able to deal in US treasuries; a first for a Chinese bank. They bought the preeminent metals trading desk in London a a couple of months ago. I think it was called LMA. The Chinese paid 100 times cash flow, well over a billion pounds, but this trading enterprise controls much of the base metal commodity pricing flows in the world.
It’s not just CA that worries me since I have a pretty good sense of what China has in store for us. I see them creating their own economic colonies in the US and Canada as we sell our birthrights for a few dollars. It’s the shift of power to the East along with much of the west’s gold, plus a concerted effort by the Chinese to create their own gold and silver backed currency that could do some real damage here at home and that worries me.
As for the CA economy and deficits, the problem is intractable given the present government in Sacramento. CA will need some sort of bailout and if it doesn’t come from D.C. I think it will come from China. And that will come with its own price. The fiscal cliff in most of the US states is dire. I’m closest to CA and still have most of my business headquartered there so the situation I see looming could end up destroying what I built over the last 20 years. That is another concern of mine and also quite immediate to my economic wellbeing
“China is at war with us. ”
not sure if i agree with this statement.
china is at war with the US government, and i can’t say i blame them.
i consider the US government to be the enemy of all things good, as well.
the enemy of my enemy is my friend.
i, for one, welcome our chinese overlords.
Wow could be one of the wackos that moved to California. The “government” is quit large and comprises of many people.like your mother farther sister and brother.
Kind of a blanket statement you mad here
427,
don’t be dense.
i didn’t say all the people that work for the government are evil, so stop mis-interpreting what i said.
the government is evil because it is corrupt at its head.
how does the saying go? the fish rots from the head?
and as far as your avatar, keep on waving your flag, flag-waver. reality is coming soon enough with its wake-up call.
So do you live in this country? Or do you hate this country from a far
“war is when the government tells you who the enemy is.
revolution is when you figure out for yourself who the enemy is.”
-anonymous
It’s not hard to figure out the enemy within this comment.
427 The idea of a business owner buying a commercial building to support their business and vice versa is something I’ve been involved in for nearly 32 years. This is entrepreneurism at its best. It does present real benefits for the business owner, employees, tax base and economic community.
When the Peoples Bank of China and even the enterprise interests of the Red Chinese Army buy into the economic infrastructure of a country this is more along what I referring to in my post. Soft wars and cold wars pit country against country without a shot being fired. I was reading up on the origins of WWII as it pertained to the German perspective. War was the inevitable result of financial and economic actions within German and its opponents as they cross swords in the factories and banks of that era. There are some parallels in our confrontations with China.
I saw a cute Mexican kid at the hospital yesterday playing with a Ni Hao Kai-Lan doll. It was his own doll from home and he kept yelling “Kai-Lan, Kai-Lan!” So that kid will definitely be ready for the future when he knows Spanish, English and Chinese. The plan of those in power is to merge East & West, Communist & Capitalist, into something in between. The Chinese have been put in charge of Africa and will eventually become the world police. There will be a war first, because both the United States and China have a lot of “useless eaters” they want to get rid of. Time to cull the herd.