more of america going overseas.

[froggy]

www.businessweek.com/.../gb2009048_271073.htm?... are we going to sell our country away. what happens to our childerns children?

 

[WillowTree]

www.businessweek.com/.../gb2009048_271073.htm?... are we going to sell our country away. what happens to our childerns children?

mandarin chinese.

 

[froggy]

At the end of February, 40 wealthy Chinese embarked on a housing tour of the US. The trip, run by Soufun Holdings, one of China's largest real estate companies, kicked off in Boston and continued on to San Francisco, Los Angeles and New York. For a fee of US$3,600 apiece, tour group members perused homes in the US$500,000 to US$1 million range.

The trip was so popular that Soufun had to turn away 400 applicants.

"Every day people are calling about it," said Zhao Xinyu, public relations manager at Soufun's Beijing office. Based on customer demand, Soufun may expand such trips to include Australia, the UK and Japan.

The popularity of Soufun's trip has led to speculation that this might signal a new trend in Chinese spending habits, with individuals looking to store more of their wealth overseas.

Bricks and mortar

According to the Asia-Pacific Wealth Report 2008 by Merrill Lynch and Capgemini, a consultancy, wealthy Chinese investors have traditionally held a high proportion of their assets in real estate. In 2007, a year that saw investors diversify into other assets against the backdrop of a booming stock market, high net-worth individuals in China allocated 21% of their assets to real estate, against a global average of 14%.

Now, the drop in housing prices and a steady renminbi have created an opportunity for wealthy Chinese to invest in real estate abroad, said Rupert Hoogewerf, CEO of the Hurun Report, a web portal that provides information on China's wealthy.

"What used to cost US$1 million now costs US$800,000," he said.

Hoogewerf estimates China is home to more than 50,000 people with a net worth of over US$10 million, and more than 800,000 with a net worth of US$1 million. But Chinese law restricts individuals from taking more than US$50,000 out of the country in one year.

According to Hoogewerf, the restrictions mean buyers are predominantly traders, or those with businesses that export overseas. These people have stockpiles of US dollars and the savvy to navigate real estate overseas.

Investing abroad generally means a combination of increased opportunity and a perceived increase in risk at home, said Michael Pettis, a professor of international finance at Tsinghua University. Last year, China saw a large influx of hot money and a record trade surplus of US$290 billion. Although much of this cash is now moving in the opposite direction, the flow is not as strong as that which brought it in. This leaves experts to infer possibilities from other trends.

While it's still too early to tell whether these prospective US homeowners herald a shift in Chinese spending and investing habits, it is worth monitoring the movements of small business owners, said Pettis.

"They're the ones that have the best sense of what's going on at the ground level," he said. "It's good to watch what they are doing."

what will we sell away next?

 

[GRX Dragon]

The problem is for too many administrations, this country has failed to get certain things right. Reagan being the closest. There's so many taxes on the books corporations have to pay by employing in America that it should be no wonder why they outsource employment to countries like China. Alas, we can thank the likes of Obama/Bush/Clinton for these actions.

 

[Truthmatters]

Under Bush infrastructure was sold off to foriegn interests in the from of toll roads and the like.

You guys never seemed to mind when that was mentioned over the years.

 

[cbi0090]

I can remember when everyone was saying this about the Japanese.

 

[veritas]

The Dutch own more than all of em put together, but they are quiet about it.

 

[pete]

The problem is for too many administrations, this country has failed to get certain things right. Reagan being the closest. There's so many taxes on the books corporations have to pay by employing in America that it should be no wonder why they outsource employment to countries like China. Alas, we can thank the likes of Obama/Bush/Clinton for these actions.

Now this would make more sense to fix quickly rather than the health insurance and hiring czars etc .... jobs jobs jobs

 

[GRX Dragon]

The problem is for too many administrations, this country has failed to get certain things right. Reagan being the closest. There's so many taxes on the books corporations have to pay by employing in America that it should be no wonder why they outsource employment to countries like China. Alas, we can thank the likes of Obama/Bush/Clinton for these actions.

Now this would make more sense to fix quickly rather than the health insurance and hiring czars etc .... jobs jobs jobs

Are you insane!? It's too common of a sense for our own good. Remember, fewer taxes means the less laws the government regulates too, and the less regulation the government has, the less power it has... and we can't have that! Not ever, we can't have people thinking for themselves.... it just would make it harder to convert people into Marxists, man!

 

[whaleboat]

I live in South Texas , not too far from my house the Chinese are supposed to break ground on a brand spanking new steel mill this month . Can you imagine that , communist China owning real estate and the means to production in the good old USA ? At the same time there are huge abandoned steel mills where my wife is from , just west of Chicago . I'm old enough to remember the railroads , mills , and factories all going tits up back in the late 70's and early 80's . I was in Oregon when the feds basically shut down the economy of the entire Pacific Northwest under the guise of proecting Mr. spotted owl , and I was here on the Texas coast when the state and federal government joined forces to destroy the commercial fishing industry . All the while our national economy , and along with it our character , was being trampled to death there were Republicans in office , then the Democrats , and then some more Republicans and so on and so on . As somebody once said , I don't remember who , speaking about Democrats and Republicans , "They're both taking us to the same place , they're just arguing over who gets to drive ."

 

[froggy]

i think people who sell us out should be shipped out.

 

[pete]

I live in South Texas , not too far from my house the Chinese are supposed to break ground on a brand spanking new steel mill this month . Can you imagine that , communist China owning real estate and the means to production in the good old USA ? At the same time there are huge abandoned steel mills where my wife is from , just west of Chicago . I'm old enough to remember the railroads , mills , and factories all going tits up back in the late 70's and early 80's . I was in Oregon when the feds basically shut down the economy of the entire Pacific Northwest under the guise of proecting Mr. spotted owl , and I was here on the Texas coast when the state and federal government joined forces to destroy the commercial fishing industry . All the while our national economy , and along with it our character , was being trampled to death there were Republicans in office , then the Democrats , and then some more Republicans and so on and so on . As somebody once said , I don't remember who , speaking about Democrats and Republicans , "They're both taking us to the same place , they're just arguing over who gets to drive ."

The own building in Ny just like the Arabs etc and we wonder why things are the way they are.
We worry to much about others!

 

[editec]

The solution to this bleeding wound in our economy is simple to explain and next to impossible to implement:

END FREE TRADE policies which have done nothing for the average American except drive down his wages and leave tens of millions of us unemployed.

We won't do it because FREE TRADE as currently designed helps about 1% of our population get fabulously wealth as the rest of us, (and our nation) goes down the chute.

 

[noose4]

simple put a tariff on products made overseas for American based companies, make it difficult for these greedy bastards to destroy America's working class.

 

[xsited1]

www.businessweek.com/.../gb2009048_271073.htm?... are we going to sell our country away. what happens to our childerns children?

Obama to the rescue! Outsource even MORE!

A staple of President Obama's stump speech during the 2008 Presidential campaign was a promise to end tax breaks for corporations that ship jobs overseas. On May 4, the Obama administration rolled out its proposal to do just that. While Obama is correct that US tax policy discriminates against corporations that produce in the United States, his proposed solution should be called "The Outsource Corporate Headquarters Act of 2009."

American Thinker: The Outsource Corporate Headquarters Act of 2009

 

[Douger]

i think people who sell us out should be shipped out.

LOL
Nice Bleat.
The people selling you out could give a fuck if you " ship them out" They have houses all over the world and yachts, planes etc.
Whattya gonna do ? Confiscate a piece of property in Kalifornication or some overpriced flat in Jew Yourk Shitty ?

Pffffffffffffffft. Do them the favor.

You idiots got exactly what you asked for. Utter and complete capitalism that is totally unregulated.
It's the Amurkin way and why Amerikkastan is a failed experiment.

Now just think if rules had been in place that giant retailers could not operate in the Empire unless 60% of their goods were 100% Amurkin made.
How about " not more than 40 % of the autos sold in the US of fallen Mpyre can be foreign made ? Hell even Hondas are American made. Right there in TN...a lot of them.
Mercedes and others could have done it too just to join the club and create Amurkin jobs.

Sounds great huh ? !!
Back up. What would Germany or Italy say if the scumbags sent all of their jobs to Amurka or Brazil or ????

Awwwwwwwwww cum awn. Ye kant do that ! That thar is gubment kuntrol. Socialism ! No !!!
Kommynizzm !

Idiot nation.

 

[GRX Dragon]

i think people who sell us out should be shipped out.

I think people who buy "American" because it says made-n-America rather than just buying quality products are the ones selling us out. You want to support the local economy? Fine, buy something because the quality is good so your local manufacturers may finally get their head out of their fucking asses.

The solution to this bleeding wound in our economy is simple to explain and next to impossible to implement:

END FREE TRADE policies which have done nothing for the average American except drive down his wages and leave tens of millions of us unemployed.

We won't do it because FREE TRADE as currently designed helps about 1% of our population get fabulously wealth as the rest of us, (and our nation) goes down the chute.

simple put a tariff on products made overseas for American based companies, make it difficult for these greedy bastards to destroy America's working class.

Yeah, that despite the fact that companies go overseas because of the over-taxation burden put on them. Go ahead though, implement your protectionist policies. Pretty soon your country will be the bottom of the hellhole, and you'll become the laughing stock.

The solution was outlined from my first post in this thread. The fact of the matter is companies go overseas because they can profit more, and handle fewer tax burdens then here. You want to impose more tariffs? Fine, just don't complain when no one does business with you anymore for being an over-protective country that has no idea how wealth works.

 

[GRX Dragon]

i think people who sell us out should be shipped out.

LOL
Nice Bleat.
The people selling you out could give a fuck if you " ship them out" They have houses all over the world and yachts, planes etc.
Whattya gonna do ? Confiscate a piece of property in Kalifornication or some overpriced flat in Jew Yourk Shitty ?

Pffffffffffffffft. Do them the favor.

You idiots got exactly what you asked for. Utter and complete capitalism that is totally unregulated.
It's the Amurkin way and why Amerikkastan is a failed experiment.

Now just think if rules had been in place that giant retailers could not operate in the Empire unless 60% of their goods were 100% Amurkin made.
How about " not more than 40 % of the autos sold in the US of fallen Mpyre can be foreign made ? Hell even Hondas are American made. Right there in TN...a lot of them.
Mercedes and others could have done it too just to join the club and create Amurkin jobs.

Sounds great huh ? !!
Back up. What would Germany or Italy say if the scumbags sent all of their jobs to Amurka or Brazil or ????

Awwwwwwwwww cum awn. Ye kant do that ! That thar is gubment kuntrol. Socialism ! No !!!
Kommynizzm !

Idiot nation.

Quoted for truth.

 

[froggy]

i think people who sell us out should be shipped out.

LOL
Nice Bleat.
The people selling you out could give a fuck if you " ship them out" They have houses all over the world and yachts, planes etc.
Whattya gonna do ? Confiscate a piece of property in Kalifornication or some overpriced flat in Jew Yourk Shitty ?

Pffffffffffffffft. Do them the favor.

You idiots got exactly what you asked for. Utter and complete capitalism that is totally unregulated.
It's the Amurkin way and why Amerikkastan is a failed experiment.

Now just think if rules had been in place that giant retailers could not operate in the Empire unless 60% of their goods were 100% Amurkin made.
How about " not more than 40 % of the autos sold in the US of fallen Mpyre can be foreign made ? Hell even Hondas are American made. Right there in TN...a lot of them.
Mercedes and others could have done it too just to join the club and create Amurkin jobs.

Sounds great huh ? !!
Back up. What would Germany or Italy say if the scumbags sent all of their jobs to Amurka or Brazil or ????

Awwwwwwwwww cum awn. Ye kant do that ! That thar is gubment kuntrol. Socialism ! No !!!
Kommynizzm !

Idiot nation.

Quoted for truth.

yea but it would send a message (were not gonna take it). [ame=http://www.youtube.com/watch?v=Z6GzD92P3X8]YouTube - Twisted Sister - We're Not Gonna Take It[/ame]

 

[GRX Dragon]

LOL
Nice Bleat.
The people selling you out could give a fuck if you " ship them out" They have houses all over the world and yachts, planes etc.
Whattya gonna do ? Confiscate a piece of property in Kalifornication or some overpriced flat in Jew Yourk Shitty ?

Pffffffffffffffft. Do them the favor.

You idiots got exactly what you asked for. Utter and complete capitalism that is totally unregulated.
It's the Amurkin way and why Amerikkastan is a failed experiment.

Now just think if rules had been in place that giant retailers could not operate in the Empire unless 60% of their goods were 100% Amurkin made.
How about " not more than 40 % of the autos sold in the US of fallen Mpyre can be foreign made ? Hell even Hondas are American made. Right there in TN...a lot of them.
Mercedes and others could have done it too just to join the club and create Amurkin jobs.

Sounds great huh ? !!
Back up. What would Germany or Italy say if the scumbags sent all of their jobs to Amurka or Brazil or ????

Awwwwwwwwww cum awn. Ye kant do that ! That thar is gubment kuntrol. Socialism ! No !!!
Kommynizzm !

Idiot nation.

Quoted for truth.

yea but it would send a message (were not gonna take it). [ame=http://www.youtube.com/watch?v=Z6GzD92P3X8]YouTube - Twisted Sister - We're Not Gonna Take It[/ame]

What message is that, that you're going to support an American company no matter how crappy it is? Please, protectionists are the bane of American economics.

I'll buy the superior product regardless of how it was produced, and if that means buying a product made from child labor, then that's what I'll pay because it is the superior product. And that is the only way for the consumer to get companies to change, is by buying the superior product. There ought be no morality involved.