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21st November 2014, 04:51 AM
http://www.youtube.com/watch?v=sH8sSKwS_gU
Caught On Tape - How The Children Of Chinese Oligarchs Live It Up In SoCal
Submitted by Tyler Durden on 11/20/2014 22:31 -0500
China Corruption Housing Bubble Housing Prices India Private Jet Real estate University of California Wall Street Journal Yuan
The interesting thing about America in 2014, is that the worship of our own domestic criminals just doesn’t cut it anymore. In order to ensure our celebration of corruption is crystal clear to the entire planet, our “leaders” have eagerly opened the floodgates to criminals from all over the world. The most recent focus has targeted corrupt Chinese officials and their children, which makes sense as China is cracks down on corruption. While capital moves to where it is treated best, apparently so does criminality.
I have been highlighting this trend all year, with the post: Open the Floodgates – Chinese Inquiries on U.S. Real Estate Soar 35% After Easing of Visa Rules, being the latest. In that piece, we learned that:
Chinese inquiries about real estate investment in the United States surged 35 percent this week after the two countries agreed to extend the terms of short-term visas, China’s top international property portal said on Friday.
This is a win-win for the corrupt establishment. Housing prices continue to go up, which benefits the financial oligarchs who poured billions into real estate only to find out they killed the buy-to-rent trade in the process as impoverished Americans can barely afford leases anymore. It also benefits University Administrators, who wish to continue jacking up tuition but are running into a serious problem: American youth a flat broke. No worries, just import foreigners to fill the gap.
Don’t take it from me though. The Wall Street Journal published a post titled: U.S. Graduate Schools Rely More on Asia. Here are some excerpts:
Applications to U.S. graduate schools from Asia, led by India, have jumped in recent years, but total enrollment at programs has only inched up as mounting debt appears to be suppressing the number of American applicants.
International students now make up 17% of all U.S. graduate students, with more than half studying engineering, science and business, according to a report to be released Wednesday by the Council of Graduate Schools. This year has seen an 8% uptick in overseas students, while enrollment from U.S. students has stayed flat, the report said.
Graduate-school debt may be keeping U.S. students away, said Jason Delisle, an education analyst at the New American Foundation, a left-leaning Washington think tank.
That debt has weighed on prospective students. Between 2008 and 2013, total graduate enrollment increased by just 0.7%, according to a 2013 report by the Council of Graduate Schools, but growth in the number of international students is up between 7% and 10% for each of the past four years.
That growth was fueled by Chinese students until 2012, when their numbers plateaued. In the past two years, the offers of admission to Indian students have climbed 30% and 24%, respectively.
On a related note, remember former head of the the Department of Homeland Security, Janet Napolitano, aka “Big Sis”? Well she is now President of the University of California system, and is using that position to push through a 28% tuition hike so that administrators can get huge pay raises. Bloomberg reports that:
A University of California regents committee approved a 28 percent tuition increase amid protests by as many as 400 people who stormed metal barricades and broke glass at a meeting in San Francisco.
400 hundred American slaves? So what. Talk to the Maserati.
The full board is scheduled to vote tomorrow on the plan, which would end a three-year tuition freeze at the 10-campus system. The proposal set UC President Janet Napolitano, 56, the former secretary of Homeland Security, at odds with Governor Jerry Brown, a 76-year-old Democrat who won election to an unprecedented fourth term this month.
The plan calls for raising tuition as much as 5 percent annually for five years. The increase would push undergraduate tuition to $15,564 a year by 2019 from $12,192 now.
Napolitano’s tuition proposal comes two months after the regents approved pay increase of as much as 20 percent for four chancellors and increased the base salary for a new chancellor by 23 percent from his predecessor, said Lieutenant Governor Gavin Newsom, who is an ex-officio member of the board.
“The University of California can’t bestow pay raises on its top earners with one hand, while continually taking more from students and their families with the other and deflecting criticism by laying its solution at the door of taxpayers,” Newsom said.
Sure they can. Just enroll more foreign students who can actually pay. American plebs lose again.
Here are some additional articles on how U.S. officials are welcoming criminal Chinese funds into the states:
Welcome to Arcadia – The California Suburb Where Wealthy Chinese Criminals are Building Mansions to Stash Cash
Chinese Purchases of U.S. Real Estate Jump 72% as The Bank of China Facilitates Money Laundering
Zillow Opens the Floodgates to Chinese Buyers in Order to Keep Housing Bubble 2.0 Inflated
Corrupt Chinese Politicians are Buying Billions in U.S. Real Estate
With all that in mind, watch the video below. While it’s certainly not the fault of these “students,” it’s nevertheless very concerning to see a kid with barely any peach fuzz on his face talking about how he owns three Ferraris. Where did this money come from? Nobody seems to care as long as the status quo gets paid.
We should just get it over with an change the words on the base of the Statue of Liberty. I propose:
Give me your corrupt, your crony, your oligarch masses yearning to launder money free,
The criminal masterminds of your destroyed environment and police state.
Send these, the pampered, the private jet setter to me, I open my hands to your golden yuan.
http://www.zerohedge.com/news/2014-11-20/caught-tape-how-children-chinese-oligarchs-live-it-socal
Caught On Tape - How The Children Of Chinese Oligarchs Live It Up In SoCal
Submitted by Tyler Durden on 11/20/2014 22:31 -0500
China Corruption Housing Bubble Housing Prices India Private Jet Real estate University of California Wall Street Journal Yuan
The interesting thing about America in 2014, is that the worship of our own domestic criminals just doesn’t cut it anymore. In order to ensure our celebration of corruption is crystal clear to the entire planet, our “leaders” have eagerly opened the floodgates to criminals from all over the world. The most recent focus has targeted corrupt Chinese officials and their children, which makes sense as China is cracks down on corruption. While capital moves to where it is treated best, apparently so does criminality.
I have been highlighting this trend all year, with the post: Open the Floodgates – Chinese Inquiries on U.S. Real Estate Soar 35% After Easing of Visa Rules, being the latest. In that piece, we learned that:
Chinese inquiries about real estate investment in the United States surged 35 percent this week after the two countries agreed to extend the terms of short-term visas, China’s top international property portal said on Friday.
This is a win-win for the corrupt establishment. Housing prices continue to go up, which benefits the financial oligarchs who poured billions into real estate only to find out they killed the buy-to-rent trade in the process as impoverished Americans can barely afford leases anymore. It also benefits University Administrators, who wish to continue jacking up tuition but are running into a serious problem: American youth a flat broke. No worries, just import foreigners to fill the gap.
Don’t take it from me though. The Wall Street Journal published a post titled: U.S. Graduate Schools Rely More on Asia. Here are some excerpts:
Applications to U.S. graduate schools from Asia, led by India, have jumped in recent years, but total enrollment at programs has only inched up as mounting debt appears to be suppressing the number of American applicants.
International students now make up 17% of all U.S. graduate students, with more than half studying engineering, science and business, according to a report to be released Wednesday by the Council of Graduate Schools. This year has seen an 8% uptick in overseas students, while enrollment from U.S. students has stayed flat, the report said.
Graduate-school debt may be keeping U.S. students away, said Jason Delisle, an education analyst at the New American Foundation, a left-leaning Washington think tank.
That debt has weighed on prospective students. Between 2008 and 2013, total graduate enrollment increased by just 0.7%, according to a 2013 report by the Council of Graduate Schools, but growth in the number of international students is up between 7% and 10% for each of the past four years.
That growth was fueled by Chinese students until 2012, when their numbers plateaued. In the past two years, the offers of admission to Indian students have climbed 30% and 24%, respectively.
On a related note, remember former head of the the Department of Homeland Security, Janet Napolitano, aka “Big Sis”? Well she is now President of the University of California system, and is using that position to push through a 28% tuition hike so that administrators can get huge pay raises. Bloomberg reports that:
A University of California regents committee approved a 28 percent tuition increase amid protests by as many as 400 people who stormed metal barricades and broke glass at a meeting in San Francisco.
400 hundred American slaves? So what. Talk to the Maserati.
The full board is scheduled to vote tomorrow on the plan, which would end a three-year tuition freeze at the 10-campus system. The proposal set UC President Janet Napolitano, 56, the former secretary of Homeland Security, at odds with Governor Jerry Brown, a 76-year-old Democrat who won election to an unprecedented fourth term this month.
The plan calls for raising tuition as much as 5 percent annually for five years. The increase would push undergraduate tuition to $15,564 a year by 2019 from $12,192 now.
Napolitano’s tuition proposal comes two months after the regents approved pay increase of as much as 20 percent for four chancellors and increased the base salary for a new chancellor by 23 percent from his predecessor, said Lieutenant Governor Gavin Newsom, who is an ex-officio member of the board.
“The University of California can’t bestow pay raises on its top earners with one hand, while continually taking more from students and their families with the other and deflecting criticism by laying its solution at the door of taxpayers,” Newsom said.
Sure they can. Just enroll more foreign students who can actually pay. American plebs lose again.
Here are some additional articles on how U.S. officials are welcoming criminal Chinese funds into the states:
Welcome to Arcadia – The California Suburb Where Wealthy Chinese Criminals are Building Mansions to Stash Cash
Chinese Purchases of U.S. Real Estate Jump 72% as The Bank of China Facilitates Money Laundering
Zillow Opens the Floodgates to Chinese Buyers in Order to Keep Housing Bubble 2.0 Inflated
Corrupt Chinese Politicians are Buying Billions in U.S. Real Estate
With all that in mind, watch the video below. While it’s certainly not the fault of these “students,” it’s nevertheless very concerning to see a kid with barely any peach fuzz on his face talking about how he owns three Ferraris. Where did this money come from? Nobody seems to care as long as the status quo gets paid.
We should just get it over with an change the words on the base of the Statue of Liberty. I propose:
Give me your corrupt, your crony, your oligarch masses yearning to launder money free,
The criminal masterminds of your destroyed environment and police state.
Send these, the pampered, the private jet setter to me, I open my hands to your golden yuan.
http://www.zerohedge.com/news/2014-11-20/caught-tape-how-children-chinese-oligarchs-live-it-socal