Wednesday, June 22, 2011

China Buying Up the US - Real Effect On Target

As stated in 2008 -
Make no mistake, they will bleed this country dry. Savings, checkings, 401K, gold, assets, they want it all and will not stop until they get it.
We have these reports of foreign countries buying in the US -
Malaysia-based Genting Berhad, one of the world's largest international casino operators, is betting big on Miami becoming a palm-fringed playground for global gamblers.

The cash-rich company, which controls casino resorts in Malaysia and Singapore, will make its first official foray into the U.S. gaming market with the opening of a gambling parlor at New York's Aqueduct racetrack this fall.

Coupled with its plans for South Florida — where it already controls Miami-based Norwegian Cruise lines and has lofty dreams about creating a sort of Macau of the Americas — Genting is carving out a big foothold on the U.S. East Coast.
Brazil in Miami -
Surging real estate prices in Brazil and the currency’s 45 percent gain against the U.S. dollar since 2008 are sending Brazilians to South Florida in search of bargain vacation homes and property investments. That’s helping bolster Miami’s condo market, with total sales increasing 79 percent in the first five months of 2011 from a year earlier, according to data from the Florida Association of Realtors released today.
China in Texas -
State-owned Chinese energy giant CNOOC is buying a multibillion-dollar stake in 600,000 acres of South Texas oil and gas fields, potentially testing the political waters for further expansion into U.S. energy reserves.

With the announcement Monday that it would pay up to $2.2 billion for a one-third stake in Chesapeake Energy assets, CNOOC lays claim to a share of properties that eventually could produce up to half a million barrels a day of oil equivalent.
A Chinese national company is interested in developing a 10,000- to 30,000-acre technology zone for industry, retail centers and homes south of the Boise Airport.

Officials of the China National Machinery Industry Corp. have broached the idea — based on a concept popular in China today — to city and state leaders.

They are also interested in helping build and finance a fertilizer plant near American Falls, an idea company officials returned to Idaho this month to pursue.
The Real Effect
Why is this happening? Easy -
Florida, which is struggling to recover from the crippling U.S. recession and record-high unemployment, is desperately in need of a new source of jobs and tax revenues. The problem is that state law currently forbids casinos from expanding beyond businesses operated by the Seminole Indian tribe and selected racetracks and jai alai frontons.
When other countries own all the American resources outright, do you really think they will let outsiders such as Americans dictate the laws in these areas? No, they will buy off the politicians and pass new laws as a matter of formality.

Note: This is a resource and will be updated as needed.

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