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Soft Takeover of America by China Intensifies

Friday, April 4, 2014 13:18

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(Before It's News)

TND Guest Contributor: Nathan McDonald, Sprott Money Blog |

Chinese investors are known for their insatiable demand of anything real. This includes gold, silver, stocks, land and any commodity you can think of. They have a long term plan in which they are not content to hold worthless US treasuries indefinitely.

The slow takeover of American land by Chinese citizens has been a consequence of the United States’ ballooning deficit with China for many years, ~~but~~ however it is beginning to take on all new proportions.

Chinese citizens are now the largest buyers of US green cards, as wealthy citizens are acquiring prime American land at discounted prices. Experts are ringing the alarm bell as vast chunks of land are being acquired.

Until recently, the Chinese’s main method of acquiring American land at a rapid pace, was to simply buy corporations that had large real estate holdings. Now that has changed.

In a bid to keep the American 2.0 housing bubble afloat, regulations are being loosened and investment firms are more than happy to get the properties off their books at inflated prices.

The most notable change came via the popular real estate website Zillow. As The American Dream’s Michael Snyder recently reported, “Zillow agreed to make its U.S. property listings available to Chinese consumers through a partnership with a Beijing-based website.”

The concern that this raises is the following: do Americans really wish to have a foreign power that they owe a vast amount of debt to on their doorstep? The hollowing out of the American economy continues, a process that can only exist because of the incredibly flawed fiat money system that the world currently finds itself on.

A return to a more stable hard money system will have to one day reassert itself. The question is, when will the breaking point be reached?

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Nathan McDonald writes for Sprott Money Blog, part of Sprott Money Ltd., a leading precious metals dealer selling gold coins, silver coins and bullion bars online and over the phone. As one of Canada’s largest owners of gold and silver bullion, the company’s goal is to facilitate ownership of precious metals no matter how big or small the portfolio.