Hot Money From China is Inflating Vancouver real Estate Values; Local Authorities Sit on Their Hands
http://www.vancouversun.com/business...459/story.html
An interesting article. Interesting in that the subject of Canada does not come up until three-quarters of the way through the article. Yes, we must be very, very careful when discussing China's influence on Canada, lest we upset the purveyors of the Canada-China Cultural Integration Campaign.
" Many economists have noted the lopsided U.S. trade deficit with China is “the largest deficit ever recorded with a single economy in global history.” The U.S. is going broke while the Communist government is rolling in cash. China is more than happy to own a large portion of American debt because buying U.S. Treasury notes allows China keep its own currency weaker than the dollar. This keeps products exported from China cheaper than American products, creatingmillions of new jobs for the Chinese people (while destroying millions of middle-class jobs in the U.S.)
Brad: This short summary of US - China tells it like it really is. Unfortunately, the Canadian media rarely indulge in a straight up, honest depiction of how China's government deals with international trading partners, including our beloved Canada.
"Millions of Chinese people are also dying of cancer thanks to intense pollution. These concerns have resulted in a huge increase in the number of newly rich Chinese people secretly buying high-end real estate in major western cities like Los Angeles, London and Vancouver — all financed by western consumers."
Brad: Ask yourself: Have you ever read about the cancer-pollution component of the exodus from China in a Canadian news publication? I haven't, and I follow these issues on a daily basis. What's the big secret?
"Another report by the Bank of China titled “How Corrupt Officials Transfer Assets Overseas” estimated that as many as 18,000 Communist party officials have fled China with hundreds of billions of dollars. Each official looted, on average, an estimated $7 million. No bureaucrats in Canada seem to question where all these instant fortunes have somehow emanated."
Brad: While Canadians prepare for Halloween, they remain unaware that multicultural organizations such as Canada China Business Council and Asia Pacific Foundation are successfully lobbying our government to transfer allegiance from democratic USA to communist China. While Canadians are busy preparing their costumes, Multicult leaders likeYuen Pau Woo continue to push our government leaders to infuse our education system with Chinese language education, in preparation for the largest cultural transformation in Canadian history.
"[Saskatchewan-Asia Advisory Council], wants to see more Mandarin language classes taught in Saskatchewan schools as soon as possible, starting with primary schools." Nuff said.
"The vast majority of investor immigrants opted for a financing program offered through the banks, which quietly fronted the loan requirement. Banks also received fat commissions, from which agents overseas charged with finding candidates also earned a fat fee. It was a gold mine for the facilitators, the agents, banks and Vancouver property developers."
Happy Halloween, my fellow countrymen and women- - what is being presented as a treat is nothing more than a trick.
Sincerely,
Brad Saltzberg
Cultural Activist
Vancouver BC
"who are these men of lust, greed and glory--rip off the masks and let's see"