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bsrsharma
Participant“close on a house (with a domestic underwriter) and instant-citizenship”
I hope this is in jest. Should Citizenship be that devalued? The very thought of selling Citizenship for money seems abhorrent to me. It is one thing to allow foreigners to buy property and live here but giving political rights without concomitant allegiance borders on treason. I can understand the cynicism towards the value of Citizenship engendered by illegal immigration; but to accept defeat so brazenly seems shameful.
ParticipantAnd now this. Just when we need it most!
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http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/07/bcnchina107a.xmlChina threatens ‘nuclear option’ of dollar sales
By Ambrose Evans-Pritchard
Last Updated: 1:48am BST 08/08/2007The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.
Two officials at leading Communist Party bodies have given interviews in recent days warning – for the first time – that Beijing may use its $1.33 trillion (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress. Shifts in Chinese policy are often announced through key think tanks and academies.
Described as China’s “nuclear option” in the state media, such action could trigger a dollar crash at a time when the US currency is already breaking down through historic support levels.
It would also cause a spike in US bond yields, hammering the US housing market and perhaps tipping the economy into recession. It is estimated that China holds over $900bn in a mix of US bonds.
Xia Bin, finance chief at the Development Research Centre (which has cabinet rank), kicked off what now appears to be government policy with a comment last week that Beijing’s foreign reserves should be used as a “bargaining chip” in talks with the US.
“Of course, China doesn’t want any undesirable phenomenon in the global financial order,” he added……………….
———————————————————–ParticipantAnd now this. Just when we need it most!
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http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/07/bcnchina107a.xmlChina threatens ‘nuclear option’ of dollar sales
By Ambrose Evans-Pritchard
Last Updated: 1:48am BST 08/08/2007The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.
Two officials at leading Communist Party bodies have given interviews in recent days warning – for the first time – that Beijing may use its $1.33 trillion (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress. Shifts in Chinese policy are often announced through key think tanks and academies.
Described as China’s “nuclear option” in the state media, such action could trigger a dollar crash at a time when the US currency is already breaking down through historic support levels.
It would also cause a spike in US bond yields, hammering the US housing market and perhaps tipping the economy into recession. It is estimated that China holds over $900bn in a mix of US bonds.
Xia Bin, finance chief at the Development Research Centre (which has cabinet rank), kicked off what now appears to be government policy with a comment last week that Beijing’s foreign reserves should be used as a “bargaining chip” in talks with the US.
“Of course, China doesn’t want any undesirable phenomenon in the global financial order,” he added……………….
———————————————————–ParticipantAnd now this. Just when we need it most!
————————————————————–
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/07/bcnchina107a.xmlChina threatens ‘nuclear option’ of dollar sales
By Ambrose Evans-Pritchard
Last Updated: 1:48am BST 08/08/2007The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.
Two officials at leading Communist Party bodies have given interviews in recent days warning – for the first time – that Beijing may use its $1.33 trillion (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress. Shifts in Chinese policy are often announced through key think tanks and academies.
Described as China’s “nuclear option” in the state media, such action could trigger a dollar crash at a time when the US currency is already breaking down through historic support levels.
It would also cause a spike in US bond yields, hammering the US housing market and perhaps tipping the economy into recession. It is estimated that China holds over $900bn in a mix of US bonds.
Xia Bin, finance chief at the Development Research Centre (which has cabinet rank), kicked off what now appears to be government policy with a comment last week that Beijing’s foreign reserves should be used as a “bargaining chip” in talks with the US.
“Of course, China doesn’t want any undesirable phenomenon in the global financial order,” he added……………….
———————————————————–ParticipantKewp,
Well, USCIS (ex INS ) has a Green card for $ program (investor preference), but it has not done well. We shouldn’t extrapolate based on poor (and not so rich) immigrants. Really rich people like to go to Europe (Switzerland, Liechtenstein etc.) and Caribbean (Caymans, Bahamas etc.). In fact the trend is US Billionaires emigrating (usually to Caribbean) to avoid IRS!
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What GAO FoundThe number of visas granted under the EB-5 category has been a small
fraction of the approximately 10,000 allocated annually by the authorizing
legislation. According to State Department records, a total of 6,024 visas
have been issued to immigrant investors and their dependents since 1992. As
of June 2004, 653 investors (not including dependents) had met this
immigration category’s requirements and received permanent legal resident
status.
——————————————————–ParticipantKewp,
Well, USCIS (ex INS ) has a Green card for $ program (investor preference), but it has not done well. We shouldn’t extrapolate based on poor (and not so rich) immigrants. Really rich people like to go to Europe (Switzerland, Liechtenstein etc.) and Caribbean (Caymans, Bahamas etc.). In fact the trend is US Billionaires emigrating (usually to Caribbean) to avoid IRS!
———————————————————–
What GAO FoundThe number of visas granted under the EB-5 category has been a small
fraction of the approximately 10,000 allocated annually by the authorizing
legislation. According to State Department records, a total of 6,024 visas
have been issued to immigrant investors and their dependents since 1992. As
of June 2004, 653 investors (not including dependents) had met this
immigration category’s requirements and received permanent legal resident
status.
——————————————————–ParticipantKewp,
Well, USCIS (ex INS ) has a Green card for $ program (investor preference), but it has not done well. We shouldn’t extrapolate based on poor (and not so rich) immigrants. Really rich people like to go to Europe (Switzerland, Liechtenstein etc.) and Caribbean (Caymans, Bahamas etc.). In fact the trend is US Billionaires emigrating (usually to Caribbean) to avoid IRS!
———————————————————–
What GAO FoundThe number of visas granted under the EB-5 category has been a small
fraction of the approximately 10,000 allocated annually by the authorizing
legislation. According to State Department records, a total of 6,024 visas
have been issued to immigrant investors and their dependents since 1992. As
of June 2004, 653 investors (not including dependents) had met this
immigration category’s requirements and received permanent legal resident
status.
——————————————————–August 7, 2007 at 5:45 PM in reply to: Option One Mortgage no longer accepting mortgages on Florida Condos #71539Participant“Florida Condos: Option One will not accept submissions secured by condos in Florida”
Isn’t that redlining? (just kidding)
August 7, 2007 at 5:45 PM in reply to: Option One Mortgage no longer accepting mortgages on Florida Condos #71655Participant“Florida Condos: Option One will not accept submissions secured by condos in Florida”
Isn’t that redlining? (just kidding)
August 7, 2007 at 5:45 PM in reply to: Option One Mortgage no longer accepting mortgages on Florida Condos #71660Participant“Florida Condos: Option One will not accept submissions secured by condos in Florida”
Isn’t that redlining? (just kidding)
Participant“He has priced his home well overmarket”
I am wondering why you decided to waste your time on this. I see a lot of agents doing this.
Participant“He has priced his home well overmarket”
I am wondering why you decided to waste your time on this. I see a lot of agents doing this.
Participant“He has priced his home well overmarket”
I am wondering why you decided to waste your time on this. I see a lot of agents doing this.
Participant“cheap foreign labor”
??? Sony only has designers and product developers in SD. No more assembly line/manufacturing workers. I hope a Product Architect is not “cheap foreign labor”!
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