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Guest Post: The US Debt Crisis - How High Will It Go?

Tyler Durden's picture




 

Authored by Chris Ferreira, originally posted at Economic Reason blog,

The implications of the US debt crisis are not well understood in most circles, and it is not widely spoken about in the media and during important political debates. The irony is that the US debt is so significant that it plays a monumental role in finance and modern political strategy. The debt poses great risks moving forward, and yet it is referred to in only the vaguest of terms.

Here is why the US debt must grow every year and why it is mathematically impossible for it to continue forever.

Before we can understand why the debt must grow every year, here is is a visual representation, to scale, of how much the current debt is standing at. Each tall uniform column in the background of the picture below refers to a pile of $100 bills stacked one on top of another. Each “tower of debt” consists of 10 x 10 fork-lift palettes that reach out into the sky and are higher than the old World Trade Center buildings. These towers of debt represent $US 16.394 trillion. However, by the time you wake up to read this, it will be larger than that. DemonOcracy does great work on visual representation of the US debt levels. 

Why did the US debt grow to these proportions?

Short answer: the US government spends more than what it receives in revenue. In 2012, the US federal government expects to receive $2.5 trillion in revenue, while the total spending carried out by the federal government is $3.8 trillion. The difference ($1.3 trillion) is debt piled onto of the previous debt.

To put $1.3 trillion into context, it is approximately $3,56 billion a day. To make matters worse, the current debt does not take into consideration federal obligations such as social security, Medicare, pension, and retiree health promises. According to David Walker, former controller of the US, when these unfunded programs are added to the enormous debt, it stands at $70 trillion and growing–that is $10 million per minute!

Seventy trillion dollars is over four times the debt in the picture on your left, dwarfing the current US GDP; in fact, it is approximately the world’s annual GDP in 2011. For a current view of the US debt, see the debt clock here.

The government allows for the debt to continue to grow by adding new debt on top of old debt plus compounded interest. Instead of paying back the debt, the government just borrows more to cover previous interest. The interest payments on the debt is over $1 billion a day. When “Uncle Sam” takes out a loan, it is called a bond (I.O.U.). These bonds are purchased by investors, banks, and foreigners. These bonds are a promise to pay capital plus interest. What “Uncle Sam” does, essentially, is pay his investors with his credit card and create new loans to cover interest.

Talk about short-sighted finances with no discipline.

Compounded interest has allowed the debt to grow exponentially, and has reached, in my opinion, unsustainable levels where the debt is reaching at the vertical portion of the “hockey stick” formation.

debtceiling_graph

 

Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.

- Albert Einstein

How does the US government allow the US debt to grow?

Doing the “right thing” is usually political suicide for politicians. Cutting expenditure to pay its bills to pay down the debt will make the economy implode. Instead, the government in power continues its daily activities and promotes new social programs to promote reelection. Almost half of the spending done by the US government goes to entitlements (Medicare, Medicaid, social security). If any cuts are carried out in this sector, you can expect riots on the street (approximately 28% of the US population are baby boomers and 80% of investments and laws are carried out by this powerful demographic.) Cuts to entitlements are highly unlikely!

chart

 

The continuous debate on raising the debt ceiling is all about a government mismanaging its money and not being able to control it–much like a child with no discipline. Since debt is being mismanaged, it has caused many distortions in the markets, and yet the debt is allowed to grow because of the US Congress. The debt ceiling has been increased 10 times since 2001. If the debt ceiling were actually a ceiling, the market and debt distortions would have imploded the economy–an implosion necessary for the economy to restore its equilibrium and liquidate all inefficiencies.

“Too big too fail” is absolute nonsense.

Paying back investors, costly wars, entitlements and bailing out the “financial terrorists” (who caused the crisis) all add to the national debt and to the dysfunctional economy that continues to operate until its debt will cease to grow. The problem with this system is that it created significantly more credit (someone is the creditor to all the debt) than “cash” money (money in your wallet). Every time debt expands, the credit supply also expands. (Read Fractional Reserve Lending on how money is created.)

According to the FED, the Total Credit Market Debt Owed (TCMDO) is approximately 53$ trillion and 2.4$ trillion in the true money supply (M1). In other words, cash money is approximately 4.5% of credit (TCMDO/M1).

The result to our economy is that “boom” periods are hardly driven by cash money, as cash money is insignificant in relation to credit. Credit is what drives the markets, and it is this same credit that “busts” the markets as well, in times of credit contraction. In order for debt to expand, someone must be lending the US this money. At the moment, the lenders are China, Japan, and the OPEC countries. 

But why do they continue to buy this debt?

Because they have too.

The US Dollar is the reserve currency of the world. You need it to buy oil, a vital component of any economy. Since other countries like China cannot print US dollars at their leisure, they have to get it from somewhere. They get it from trade with the US. The US buys products in Asia and the rest of the world with US dollars, and in turn these same dollar surpluses are used to buy oil and US bonds, creating a much needed artificial demand for US dollars.

This is also how the enormous US 558$ billion trade deficit in 2011 was financed. The US has been in a trade deficit since the 1980′s and it continues the grow as jobs and manufacturing are being lost to more competitive nations. The trade deficit also accounts for the national debt. The financing of the debt creates artificial demand for US bonds which helps lower the interest rate and coincidentally helps to raise the debt levels even higher.

The table below shows the leading foreign holders of US debt, which are China and Japan, followed by the OPEC countries. These are the main financiers of the US trade deficit.

 

But here is the Achilles’s heel for the US debt scheme:

In order to maintain and continually expand the debt, the US dollar needs to remain the reserve currency. In order for there to be continuous demand for these dollars and debt instruments, the US dollar needs to maintain a hegemony over competing currencies. Any threat to the dollar needs to corrected immediately. or else confidence in the US dollar will be quickly eroded and the subsequent tsunami of US dollars abroad rushing into the US will cause hyperinflation as never seen before.

William R. Clark’s excellent book, Petrodollar Warfare, treats this issue precisely, going in depth into the Petrodollar collapse and how the US maintains its dollar supremacy with its current imperialistic foreign policy. This gem of a book is a definite read for anyone wanting to know how the US truly maintains its power on the world stage.

Undoubtedly, the extent of US debt would never have been possible had the US dollar not been the reserve currency and had there been less favourable global trade policies to provide a channel for the distribution of dollars. (You can also read more about the Petrodollar here.)

Why must the debt grow every year?

To keep the debt-servitude paradigm going. To increase economic activity in a country operating in this type of system, you need to increase the level of credit and thus debt grows in tandem. This is self serving: if debt is the “fuel” to increase economic activity, interest payments will become larger and larger, until eventually it reaches a point where debt can no longer be increased. This point is known as the Minsky moment–when there is no net benefit to extra debt.

Adding debt, both public and private, creates an environment of servitude among the population while the banks are generating extra profits. Through their lobbyist groups, the financial terrorists create favourable laws to keep people enslaved with debt.

Real estate, for instance, is a heavily subsidized investment; such subsidies entice people to purchase real estate and as a result, people are unwittingly working for the banks. In a real free market, people save money for a purchase.

The word “save” is becoming archaic in this debt servitude paradigm, a paradigm that was build on sand and cards and that can and will eventually collapse. The foundation, of course, is confidence in the US dollar.

So there we have it, in our “creditopia” world, if debt does not expand, the economy cannot grow and jobs cannot be created. In order to increase debt, foreigners have to continually finance the ever growing debt by purchasing government bonds and selling consumer products to the US. In turn, the US must increase the level of consumption, decrease savings, and eliminate the threat of any nation posing a risk to the US dollar hegemony. Is this a symbiotic or a parasitic relationship? Is is certainly a relationship that cannot grow forever. It poses an economic risk for ALL nations due to the interconnectedness of the global economy.

 

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Sat, 01/05/2013 - 20:34 | 3126122 lolmao500
lolmao500's picture

How tall is Bondzilla?

And don't try to talk about a debt crisis to all the brainwashed economic PHDs out there, they will laugh to your face.

/one of my friend is like that. He thinks I'm a kook, even facts don't matter to him, but eh, you wouldn't expect less from a Keynesian.

Sat, 01/05/2013 - 20:39 | 3126139 Buckaroo Banzai
Buckaroo Banzai's picture

Don't just pick on the PhDs, everyone is brainwashed, the level of ignorance is breathtaking. Sometimes I feel like William Shatner in that Twilight Zone episode. I'm the only person I know that can see the monster on the wing of the plane.

Sat, 01/05/2013 - 21:35 | 3126243 TwoShortPlanks
TwoShortPlanks's picture

That's correct, it was every single person who used high leverage Real Estate as a money making vehicle instead of saving first then investing, every person who continually allowed themselves to gain larger and larger Credit Card debt instead of saving first then investing, every person who took out a student loan instead of saving for most of it first then loaning the difference.

Sat, 01/05/2013 - 21:56 | 3126276 lewy14
lewy14's picture

I'm surprised Tyler hasn't taken it up with Yves Smith on these pages...

The "house wisdom" at Naked Capitalism seems to be that the debt can and should be expanded without bound, and it is only greeedy conservatives who are trying to deny the poor and the disadvantaged their benefits, out of the innate meanness in their hearts.

Tyler is still listed as a contributor over there. Maybe some kind of alpha-blogger non-aggression pact... 

Sat, 01/05/2013 - 22:49 | 3126289 Michaelwiseguy
Michaelwiseguy's picture

I agree the debt should be expanded without bound. The US Treasury should send every household in America a $10,000 rebate check immediately. We need to kill the US dollar as world reserve currency as quickly as possible along with destroying the Federal Reserve Corporation completely, but that's going to happen anyway at this point.  As far as the touchy feely emotional point of view, I could care less. People should address why there are no factory jobs for those poor individuals.

Sat, 01/05/2013 - 23:16 | 3126381 vmromk
vmromk's picture

When you say foreigners are buying our debt, are you making reference to the foreign owned criminal cartel called the Federal Reserve ?

Surely, you can't be naive to think that any entity on this planet without a financial death wish would lend the U.S. government money for 30 years at 3% ?

Sun, 01/06/2013 - 01:14 | 3126572 bunnyswanson
bunnyswanson's picture

EB5 visas stats (country, amount of investment (1 million to 500,000):

http://blog.lucidtext.com/category/eb-5-statistics/

http://www.uschinaindiaforum.org/speakers.html  US/China/Asia forum - Promoting investments to outside investors.

 

http://eb5northerncalifornia.com/index.php?page=eb-5-investment-information

EB-5 Immigrant Investor Program

http://www.cmbeb5visa.com/news/20 Abandoned military bases (CMB closed military bases) are being sold - Adapting to the new development (or redevelopment) create jobs - for 10 people and voila - you are a permanent resident.

Fifth employment-based preference (EB-5) is one of the employment-based programs offered by the United States Citizenship and Immigration Services (USCIS). Fifth employment-based preference (EB-5) reserves 10,000 visas per year for immigrants seeking to enter the United States and invests at least $1 million in new commercial enterprises which will create at least ten full-time jobs for U.S. citizens, lawful permanent residents or other employment-authorized aliens. Immigrant Investor Pilot Program and Regional Centers Due to disappointing results to the initial launch of the EB-5 immigrant investor program which set aside 300 total immigrants visas per year, Congress enacted a revision to the program on October 1, 1993. It first increased the annual visa numbers from 300 to 3000 and created regional centers. The five-year pilot program has been extended several times. Currently, the President signed the Department of Homeland Security Appropriations Act of 2010, which extended the EB-5 regional center pilot program until September 30, 2012. The prevailing view is that the pilot program will be extended again.

A Regional Center is defined as any economic unit, public or private, which is involved with the promotion of economic growth, improved regional productivity, job creation, and increased domestic capital investment. A Regional Center obtains its designation by submitting a detailed application to the U.S. Citizenship and Immigration Services (USCIS).   When an immigrant invests through a Regional Center, the new commercial enterprise does not have to directly employ ten U.S. workers. Instead, it is sufficient to show that ten or more jobs will be created directly (i.e. through the use of independent contractors) or indirectly (i.e. using one of USCIS-approved forecasting models).

Furthermore, when the investment is located in the Targeted Employment Area, the minimum requirement is reduced to US$500,000 from US$1,000,000. EB5 Immigrants - Hire 10 employees and receive permanent resident status: The first major hurdle is the approval of the Form I-526 Petition. Once that is approved, the investor is scheduled for an interview and a visa, and a conditional Permanent Residency status is given to the investor and the investor’s immediate family.

Conditional Permanent Residency is a full residency status that expires in two years. CPR individuals have all the rights of U.S. citizens (i.e.: employment and legal rights) with the exception of voting in general elections.

In order to remove the two-year condition, the investor can submit a Form I-829 Petition before the expiration. Form I-829 Petition is a job-creation evaluation of the project that received the investment funds from the investor. Working together with Regional Center, an attorney will prepare a Form I-829 Petition that provides evidence that ten jobs were created. Once the Form I-829 is approved, the condition will be removed and the investor is granted Permanent Residency Status.

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  • EB-5 Regional Center Approval December 20, 2010 Once the EB-5 Regional Center proposal is submitted to the United States Citizenship and Immigration Services (USCIS), the processing time for Regional Center adjudication is about four months. Currently, there is no form or fee for Regional Center proposals however USCIS headquarters staff has announced that the agency is in the process of implementing both. Once…
  • Former U.S. Representative reports profitable trip to China December 7, 2010 Former U.S. Representative Rob Simmons recently reported to the Norwich, Connecticut City Council that a trip he took to China that was promoted by Mayor Peter Nystrom could potentially benefit the city, the Norwich Bulletin reports.In October, Simmons traveled to Wuxi, China, to examine ways for generating economic development between the city in China and…
  • How EB-5 regional centers receive approval December 6, 2010 According to the U.S. Citizenship and Immigration Services (USCIS), an EB-5 regional center is defined as "any economic unit, public or private, which is involved with the promotion of economic growth, improved regional productivity, job creation, and increased domestic capital investment."Regional center organizers who are seeking to have the facility approved by the USCIS are…
  • EB-5 visa program gives U.S. residency to foreigners December 3, 2010 The federal EB-5 visa program is an appealing offer to many foreign investors looking to become eligible for U.S. residency, particularly those looking to take advantage of real estate bargains in cities like Miami, according to Miami Today.Weston, Florida-based EB-5 consulting firm Exclusive Visas is currently working on advising the developers of a number of…
  • Different Sized EB-5 Regional Centers November 22, 2010 When considering the EB-5 Immigrant Investor Pilot Program as a route to permanent U.S. residence, choosing the actual Regional Center is one of the most important decisions during the EB-5 process. The Regional Center is what is going to be the deciding factor on whether or not the EB-5 visa green card will be issued;…
  • Harbourside groundbreaking in Florida could happen in June November 19, 2010 The groundbreaking for Harbourside, a $150 million hotel and marina complex at the site of the Burt Reynolds & Friends Museum in Jupiter, Florida, may take place as soon as June, the Palm Beach Post reports.The news follows a recent approval of architectural plans for the site, according to the news provider."We have our financing…
  • Common Misconceptions about EB-5 Regional Centers November 19, 2010 The EB-5 Immigrant Investor Program is one of the fastest ways to permanent U.S. residence. One route to an EB-5 visa green card is by way of investment into an approved EB-5 Regional Center. The EB-5 Regional Center Investment Program, also known as the EB-5 Investor Pilot Program, was created in 1993. Since the pilot…
  • USCIS: Victorville EB-5 regional center promised 12 jobs, delivered 3 November 17, 2010 After the recent U.S. Citizenship and Immigration Services (USCIS) decision to terminate the EB-5 regional center in Victorville, California, city documents indicate that only three people are currently employed at its wastewater treatment plant.According to the Victorville Daily Press, Victorville had repeatedly promised federal officials that the plant would create 12 jobs.The EB-5 regional center…
  • Ohio city backs BioHio Research Park November 16, 2010 While many people on the recent Wooster, Ohio Chamber of Commerce trip to China spent time sightseeing, City Hall members were doing business with some Chinese citizens regarding a federally approved project that will utilize the EB-5 visa program, the Daily Record reports.Justin Starlin, Mike Sigg and Tim Monea traveled to China to visit with…
  • America’s schools present EB-5 investment opportunities November 10, 2010 There are countless EB-5 investment opportunities across America, but few present as many chances to help young people as the school industry.There are six EB-5 regional centers around the nation that list schools as one of their focused industries on the U.S. Citizenship and Immigration Service's website.The EB-5 visa program gives foreign investors a chance…
  • County’s EB-5 application encounters minor obstacles November 5, 2010 An upstate New York county's bid to become an EB-5 regional center has hit a snag but officials are still confident that they can establish a center.Franklin County was in the process of putting its EB-5 regional center application together for the U.S. Citizenship and Immigration Service but some modifications the federal agency made to…
  • New York City EB-5 regional center promotes visa program in China October 29, 2010 Representatives from the New York City Regional Center are in Beijing this week to promote the EB-5 visa program to potential Chinese investors, reports Abu Dhabi's The National.The EB-5 visa program awards U.S. green card eligibility to foreign nationals whose investment of $1 million ($500,000 in certain regions) in an American company leads to the…
  • USCIS shuts down Victorville EB-5 regional center October 28, 2010 After months of speculation, the U.S. Citizenship and Immigration Service (USCIS) has decided to shut down the EB-5 regional center in Victorville, California.Mariana Gitmore, a spokeswoman for the USCIS, told the Victorville Daily Press that the EB-5 regional center had not been able to show the federal agency that it met the standards needed to…
  • EB-5 central to Michigan county executive race October 26, 2010 While immigration has been a central issue in a great deal of electoral races, few deal so intimately with the EB-5 visa program as the one in Macomb County, Michigan.There are three candidates running for the chief executive position in the county, according to Crain's Detroit Business Journal. Part of the campaign has centered around…
  • Proposed Nevada regional center awaits USCIS approval October 25, 2010 While many parts of the country have been hit hard by the recent economic downturn, few have been as affected as Nevada, which has a 14.4 percent unemployment rate, the highest in the nation. That is why it is likely welcome news to those in the state that a new EB-5 regional center may be…
  • EB-5 regional center in Florida gets USCIS approval October 22, 2010 An EB-5 regional center in southwest Florida recently received approval from the U.S. Citizenship and Immigration Service (USCIS).The Charlotte Harbor Regional Center gained the approval is now ready to undertake its first project, the Charlotte Harbor Marina, according to a news release. The USCIS's designation makes both Sarasota and Charlotte counties part of the regional…
  • Vermont governor leaves on EB-5 trip to Asia October 14, 2010 Vermont Governor Jim Douglas recently left on his trip to Asia to try to drum up interest in the EB-5 investment opportunities in the Green Mountain State.According to WCAX, Douglas' two-week trip will include stops in Tokyo, Hong Kong, Beijing, Shanghai, and Ho Chi Min City, Vietnam.The EB-5 visa program was established in 1990 to…
  • EB-5 gaining in popularity in Texas October 11, 2010 There are EB-5 investment opportunities in nearly every U.S. state and territory and their are certainly some potentially intriguing one's in Texas.There are currently EB-5 regional centers in Dallas and Houston and ones in San Antonio and the Rio Grande Valley expect to gain federal approval within weeks, according to the San Antonio Express-News.The EB-5…
  • Idaho presents many EB-5 investment opportunities October 8, 2010 Idaho may be one of the smaller countries in the United States in terms of population but it has some big EB-5 investment opportunities.The Gem State is home to two EB-5 regional centers, according to the U.S. Citizenship and Immigration Service.The Idaho State Regional Center focuses on the mining and tourism industry and the Invest…
  • NYC politician may join developer on EB-5 China trip October 4, 2010 The Brooklyn Borough President may be joining a developer on his trip to China to drum up foreign nationals to help fund a major project in New York City through the EB-5 visa program.The New York City Regional Center has invited Brooklyn Borough President Marty Markowitz to help it draw investors for the Atlantic Yards…
  • Washington state EB-5 regional center gets extension September 23, 2010 An EB-5 regional center in Washington state was recently given more time to purchase city property.Twin Development recently announced that it could not meet a September 30 deadline to purchase the old AMC theater from the city of Federal Way, Washington, according to the Federal Way Mirror. However, the city council voted 4-3 to extend…
  • San Antonio companies work to form EB-5 regional center September 23, 2010 Two real estate companies in the San Antonio area are working to form an EB-5 regional center.Brass Real Estate Funds and Magi Real Estate Services recently held a seminar for immigration lawyers and personal finance managers, making their intention to form an EB-5 regional center clear, according to the San Antonio Express.The EB-5 visa program…
  • Florida Regional Center gains full USCIS approval September 22, 2010 The Florida Regional Center, developers of the Harbourside Jupiter project, recently gained full approval as an EB-5 regional center by the U.S. Citizenship and Immigration Service."Not only is this a major milestone for the Florida Regional Center and Harbourside Place, but it is a life raft for Palm Beach County and the Town of Jupiter:…
  • Controversy for EB-5 regional center in Washington state September 15, 2010 A Washington state port is in the middle of controversy surrounding the EB-5 visa program.Washington Tire had plans to build a plant in Grant County but the Port of Ephrata, is currently waiting on a legal opinion from its attorney regarding the proposed facility, according to the Columbia Basin Herald.Washington Tire is currently in a…
  • New York City Project to Utilize EB-5 Funds September 14, 2010 The New York City Regional Center is moving with its planned expansion of the Brooklyn Navy Yard.Using funds from the EB-5 visa program, the EB-5 regional center intends to finance the $120 million project and create 2,900 jobs, according to New America Media.The EB-5 visa program was created to help American businesses gain access to…
  • Victorville officials optimistic despite USCIS warnings September 10, 2010 Despite receiving a second intent to terminate letter from the U.S. Citizenship and Immigration Service, the operates of the Victorville Regional Center along with Victorville city officials remain optimistic about their endeavor.The Victorville, California-based EB-5 regional center received the second notice in August, which said that jobs at the Dr. Pepper-Snapple and Plastipak factories could…
  • Victorville gets second intent to terminate notice from USCIS September 9, 2010 For the second time in its history the Victorville Regional Center has been issued an intent to terminate notice by the U.S. Citizenship and Immigration Service (USCIS).In its letter, dated August 10, the USCIS said that it determined that the jobs at the Dr. Pepper-Snapple and Plastipak factories could not be attributed by the $30-million…
  • EB-5 regional center given to end of month to buy city land September 8, 2010 Washington state developers who are using the EB-5 visa program to fund a skyscraper project have until the end of September to buy the land that the structures would be built on from the city.The Federal Way, Washington, city council recently voted to sell the four acres of property to Twin Development, an EB-5 regional…
  • EB-5 visa program important to proposed Margaritaville Resort September 7, 2010 The EB-5 visa program is vital to the proposed $131-million Margaritaville Resort on Hollywood beach in Florida.Real estate developer Lon Tabatchnik is one of the people working to create an EB-5 regional center to help fund the project, according to WPLG 10, an ABC affiliate.Tabatchnik says that the EB-5 visa program is important to the…
  • Montana governor meets about potential EB-5 regional center September 2, 2010 The governor of Montana recently attended a meeting regarding the potential creation of an EB-5 regional center in the state.Governor Brian Schweitzer met with the president of the Attorneys Liability Protection Society (ALPS) Robert Minto and other officials in Missoula to discuss the proposed regional center, according to KAJ18, a CBS affiliate.The EB-5 visa program…
  • Proposed Florida resort looking for EB-5 investments September 1, 2010 A Florida real estate developer is hoping to obtain money through the EB-5 visa program to help fund a proposed $131 million resort.Lon Tabatchnik and his partners believe that they will be able to obtain $75 million from foreign investors to help develop the proposed Margaritaville Resort on Hollywood beach in Florida, according to the…
  • Washington state EB-5 regional center works on retirement communities August 30, 2010 An EB-5 regional center in Washington state has obtained millions in funding for a senior living community, according to the Northern Light.The Whatcom Opportunity Regional Center (WORC) in Whatcom County, Washington, recently unveiled the new $7.8 million Correll Common in Ferndale, which is being funding by foreign investment in the EB-5 visa program.The EB-5 visa…
  • Illinois sports complex to get EB-5 funding August 26, 2010 A significant portion of the funding for an Illinois sports complex is expected to come from foreign nationals who invest in the EB-5 visa program.According to the Northwest Herald, developers for the 165-acre McHenry County Sportsplex in Lakewood, Illinois, have received commitments for $36 million from the Chicagoland Foreign Investment Group (CFIG), an EB-5 regional…
  • Utah gets first EB-5 regional center August 25, 2010 Earlier this month Utah received approval from the U.S. Citizenship and Immigration Service (USCIS) for its first EB-5 regional center, the Mountain States Center for Foreign Investment in Orem, Utah.With the recession drying up a significant portion of lending capital, the EB-5 regional center will help Utah attract investment."We are the first and only regional…
  • Upstate New York area applies for EB-5 regional center status August 24, 2010 Foreign nationals looking for EB-5 investment opportunities in upstate New York may have some more choices in the near future as the Plattsburgh-North Country Chamber of Commerce recently submitted an application to create the North Country EB-5 Regional Center.Garry Douglas, the chamber president, told the Plattsburgh Press Republican that the application for the EB-5 regional…
  • EB-5 investment opportunities abound in the entertainment industry August 24, 2010 There are EB-5 investment opportunities all over the country and in many different industries, but there might not be any as exciting as the entertainment industry.According to the U.S. Citizenship and Immigration Service (USCIS) website there are 16 different EB-5 regional centers across the nation that list entertainment as one of the industries in which…
  • New Mexico town officials to meet with federal EB-5 representative August 23, 2010 Officials from a small town in New Mexico that is currently considering forming an EB-5 regional center will meet with officials from the federal program in the next few weeks.In April, Bruce Boynton, the legal counsel for Milan, New Mexico, was instructed by the town's board of trustees to investigate the EB-5 visa program, according…
  • Louisiana presents many EB-5 investment opportunities August 20, 2010 While Louisiana has been hard hit by the Gulf oil spill, the state still presents a great deal of EB-5 investment opportunities.According to the U.S. Citizenship and Immigration Service (USCIS) there are three EB-5 regional centers in the Pelican State.The three EB-5 regional centers, the Gulf Coast Funds Management Regional Center, the New Orleans' Mayor's…
  • Mining company plans to open EB-5 regional center in California August 18, 2010 A mining company recently announced that it has partnered with a consulting firm to establish an EB-5 regional center.North Bay Resources Inc. is teaming up with ACG Consulting to establish an EB-5 regional center in Northern California. According to a news release, this regional center will encompass all of the region's "Gold Country," a region…
  • Victorville Regional Center developer asks for six more months to produce funds August 18, 2010 The saga of the Victorville Regional Center in California continues, as the developer has asked the city council for more time to secure funding for its projects.Inland Energy has just two weeks left before the one-year deadline to produce the funding it had promised, according to the Victorville Daily Press. The developer has secured just…
  • Plenty of EB-5 investment opportunities in Washington, D.C. August 13, 2010 There are many EB-5 investment opportunities all over the country, but foreign nationals may want to invest right where the EB-5 visa program was created, Washington, D.C.According to the U.S. Citizenship and Immigration Service (USCIS), there are three EB-5 regional centers in America’s capitol, presenting a number of intriguing investment opportunities.All three of these EB-5…
  • Colorado abounds with EB-5 investment opportunities August 12, 2010 While a multitude of EB-5 regional centers are located in Florida and California, most other states have them as well, including Colorado.Colorado is home to three EB-5 regional centers, the Colorado Regional Center, the Rocky Mountain High Regional Center and the Intercontinental regional center, according to the U.S. Citizenship and Immigration Service (USCIS). These three…
  • California town to vote on joining enterprise zone August 10, 2010 A town in California is currently deciding whether or not to join a number of surrounding municipalities in the creation of an enterprise zone, which would involve the EB-5 visa program.The town council of Apple Valley, California, will soon vote on a measure that would team the town up with Adelanto, Victorville and San Bernadino…
  • Warehouses present EB-5 investment opportunity August 10, 2010 When foreign nationals are considering an EB-5 investment opportunity they may want to think about what sort of industry in which they want to get involved. There are virtually no restrictions on the types of businesses for participants in the EB-5 visa program can invest so there is a wide array of choices.One industry that…
  • One of Victorville’s EB-5 projects starts running August 9, 2010 The wastewater treatment plant in Victorville, California, recently went online, providing service to the nearby Dr. Pepper Snapple Group plant.The water treatment plant was one of the projects that the U.S. Citizenship and Immigration Service (USCIS) cited in its rare “intent to terminate” letter that it sent to the local EB-5 regional center. The letter…
  • Washington state sees boom of EB-5 regional centers August 6, 2010 Many more U.S. businesses and foreign investors are becoming involved with the EB-5 visa program as the economic recession has limited the amount of capital available to many companies and one of the most active regions of EB-5 growth in the country is the Puget Sound area of Washington state.Until recently there were only two…
  • Hollywood, Florida attracting EB-5 investment August 4, 2010 The initial project of an EB-5 regional center in Florida is poised to revitalize downtown Hollywood, Florida.The Gold Coast Florida Regional Center is one of 10 EB-5 regional centers in Florida and recently started operations, according to the Hollywood Gazette.The centers first project will be the Hollywood Circle project on Young Circle. The 25-story mixed…
  • Victorville Regional Center gets six more EB-5 investors August 3, 2010 The Victorville Regional Center in Victorville, California, is preparing to accept $3 million from six investors from the EB-5 visa program.The $3 million brings the total amount invested in the EB-5 regional center to $7.5 million, but that is still far short of the $25 million that developer Inland Energy told the municipality it would…
  • BirchLEAF Regional Center project progressing July 30, 2010 Construction on Building 1 of the University of Miami Life Science and Technology Park is moving along ahead of schedule, according to a source close to the project.The EB-5 regional center behind this project is BirchLEAF Miami 31 Regional Center, which is seeking to help fund the effort through the EB-5 visa program.The EB-5 visa…
  • Michigan gubernatorial candidate believes in EB-5 July 26, 2010 The recent economic downturn has had a number of negative effects, and one of the most serious of these is the drying up of capital. Banks and other lending institutions have been more wary of issuing loans, leaving many projects unable to procure funding. Fortunately, the EB-5 visa program allows businesses to receive much-needed capital…
  • Nevada has many EB-5 investment opportunities July 23, 2010 Many different states have EB-5 regional centers and California looms over them all with more than 20 of the nearly 100 such centers, but another state that is just a little bit further inland also provides a number of EB-5 investment opportunities.Nevada, a state best known for being the home of Las Vegas, has three…
  • Agriculture: A potential EB-5 investment opportunity July 22, 2010 When considering EB-5 investment opportunities, foreign nationals likely want to choose to invest in an industry that is stable, and few industries have been more stable throughout the course of history than agriculture.Participants in the EB-5 visa program who wish to invest in agriculture have a number of options if they choose to invest in…
  • CEO of Victorville Regional Center disputes USCIS claims July 20, 2010 The chief executive officer of the Victorville Regional Center, which is being probed by the U.S. Citizenship and Immigration Service (USCIS), is disputing the claims that the EB-5 regional center’s projects are defunct.Keith Metzler, the CEO, has said that all four projects being questioned by the USCIS are active, according to the Contra Costa Times.…
  • Immigration reform proposal supporters head to Washington July 19, 2010 Supporters of a specific immigration reform proposal are expected to descend upon Washington, D.C. to make their voices heard.The DREAM Act is a proposed piece of legislation that would allow illegal immigrants who arrived in America before they turned 16 a chance to become lawful permanent U.S. residents, according to CNN. In order to become…
  • Medical field offers EB-5 investment opportunities July 16, 2010 When thinking about EB-5 investment opportunities, foreign nationals may want to consider investing in an industry that is durable and can withstand any economic crisis. One such area is the medical field.The U.S. Citizenship and Immigration Service (USCIS) website lists 11 EB-5 regional centers that specialize in the medical industry. The involvement of these EB-5…
  • Washington state has many EB-5 regional centers July 15, 2010 While California may hog all the headlines when it comes to EB-5 regional centers, another state on the West Coast also has a number of the centers, which are essential to the EB-5 visa program.Washington, the northwest corner state of the continental U.S., has the third most EB-5 regional centers of any state, with seven.…
  • Idaho working to attract Chinese EB-5 investors July 14, 2010 With investment capital still hard to come by for many businesses, cities and even states have turned to the EB-5 visa program to help fund projects. Now Idaho can be added to the list of places that is trying to get in on the EB-5 action.Brian Dickens, an administrator in Idaho’s Department of Commerce, has…
  • Victorville councilwoman unaware of USCIS investigation July 13, 2010 A council member in the California city that may be stripped of its EB-5 regional center designation had no idea that federal officials were questioning the undertaking until she read about it in the Sunday paper.JoAnn Almond was unaware that the city of Victorville, California, was sent an “intent to terminate” notice by the U.S.…
  • California EB-5 regional center could be stripped of its designation July 12, 2010 With all of the success stories regarding the EB-5 visa program it is easy to forget that not every investor or regional center will get exactly what it wants out of the program, a lesson a California city is currently in the process of learning.In June 2009, Victorville, California, was approved by the U.S. Citizenship…
  • Vermont EB-5 regional center continues developing ski resort July 12, 2010 An EB-5 regional center in Vermont is moving forward with the second phase of development of a ski resort.The Jay Peak Resort in Jay, Vermont, is continuing its $125 development, which includes a ski lodge, a hotel and an indoor waterpark, with the help of funds secured from foreign investors, according to the Associated Press.…
  • Many EB-5 regional centers focus on office buildings July 9, 2010 When choosing what to invest in when participating in the EB-5 visa program, foreign nationals may want to consider choosing an EB-5 regional center that builds offices.America will always need office buildings, as white-collar jobs have become the norm in the country, making an investment in their construction a wise decision. Fortunately for EB-5 investors,…
  • Gold Coast Florida Regional Center opens its doors July 7, 2010 Foreign nationals looking for an EB-5 investment opportunity now have one more option, as the Gold Coast Florida Regional Center recently announced that it's officially open for business.The Gold Coast Florida Regional Center will focus in real estate investment and development opportunities. The EB-5 regional center was approved in May by the U.S. Citizenship and…
  • Many EB-5 regional centers involved in hospitality industry July 2, 2010 One of the best sectors of the economy in which to invest is the hospitality industry because even if people are taking fewer vacations, business travelers will always need a place to stay. Fortunately for investors in the EB-5 visa program, there are many ways to get involved in the hotel business.There are 26 EB-5…
  • Lansing working to attract EB-5 investors June 25, 2010 Lansing, Michigan, recently received designation as an EB-5 regional center and is now working to interest foreign nationals in potential EB-5 investment opportunities.The Lansing Economic Development Corporation has been searching for potential investors who want to participate in the EB-5 visa program, according to the Lansing State Journal. The EB-5 regional center's president and chief…
  • Many EB-5 regional centers focus on retail June 24, 2010 Participants in the EB-5 visa program who are hoping to invest in retail certainly have a lot of choices.According to the U.S. Citizenship and Immigration Services (USCIS), there are 35 EB-5 regional centers that list retail as one of the industries in which they specialize, giving prospective investors a great deal of choice when it…
  • University of Miami EB-5 project moving along June 23, 2010 The development of the University of Miami Life Science and Technology Park is progressing as the developer of the project, which is getting financial help from an EB-5 regional center, recently signed a lease with the school.The developer, Wexford Science and Technology, can occupy 80,000 square feet of office and lab space in the first…
  • Construction industry is popular with EB-5 regional centers June 23, 2010 Sometimes, when considering an EB-5 investment opportunity it is best to stick with the basics, and few industries are as basic and essential as construction.There are 18 EB-5 regional centers throughout the country that list construction as one of their focus industries, according to the U.S. Citizenship and Immigration Service (USCIS). These regional centers may…
  • Chinese firm considers EB-5 to help fund Florida project June 22, 2010 A principal in a Chinese firm that is considering buying City Center in Port St. Lucie, Florida, spoke with the city council about her company's plans to potentially use the EB-5 visa program to revitalize the financially struggling project.Lily Zhong of U.S. Investments told city council members that the firm would follow the current design…
  • Hawaii gets second EB-5 regional center June 21, 2010 The state of Hawaii recently received approval from the federal government to create its second EB-5 regional center.The EB-5 regional center, called EB-5 Jobs for Hawaii LLC, will hope to attract foreign investment through the EB-5 visa program, according to Pacific Business News.The EB-5 visa program was created in 1990 to help entice foreign nationals…
  • Jupiter extends deadline for Harbourside Jupiter project June 17, 2010 The Florida Regional Center got a bit of breathing room from the town of Jupiter, Florida, which voted to extend a deadline in order to allow the U.S. Department of Homeland Security to finalize the certification of the EB-5 regional center.Jupiter's town council voted 3-0 to extend the deadline requiring the Florida Regional Center to…
  • Portland eyes EB-5 visa program June 16, 2010 With lending from banks down due to the recent recession, many companies and municipalities have looked for alternative ways to get capital. One of the most popular methods has been to participate in the EB-5 visa program.The city of Portland, Oregon, is the latest area to eye the EB-5 visa program. The Portland Development Commission…
  • Many EB-5 regional centers involved in technology June 15, 2010 When considering EB-5 investment opportunities, foreign nationals have a lot of industries to choose from, but one field that generally presents a large opportunity for not only job creation but return on investment is technology.There are more than 20 EB-5 regional centers in operation that list technology or biotechnology as one of the industries in…
  • Company hopes to become EB-5 regional center June 14, 2010 A group of companies in Washington state is seeking to get involved in the EB-5 visa program.The Statesmen Group of Companies is hoping that foreign investors, particularly those in China, will see a good EB-5 investment opportunity in its construction of the $300 million Pleasant Harbor Marina and Golf Resort in Brinnon, Washington, according to…
  • Many EB-5 regional centers are involved in retail June 11, 2010 For EB-5 regional centers, choosing what type of projects to undertake is a critical decision, as it will not only affect their finances but also the U.S. green card hopes of the EB-5 investors to which it is connected.One of the most popular choices for EB-5 regional centers is to create projects that have space…
  • EB-5 regional center partners with Exclusive Visas June 9, 2010 The Florida Regional Center recently announced that it has selected Exclusive Visas to market its future projects to EB-5 investors and to assist in the formation of the EB-5 regional center.Exclusive Visas is an EB-5 consulting firm that draws on the 40 combined years of immigration expertise of its team members. It will also help…
  • California regional center gets 10 Chinese investors June 8, 2010 Coming from one of the strongest nations in the world in terms of economics, Chinese investors are uniquely positioned to provide U.S. businesses with much needed capital as America emerges from the recent recession. That is why many EB-5 regional centers have looked to China to find participants in the EB-5 visa program.One EB-5 regional…
  • Harbourside Place is Florida Regional Center’s first project June 7, 2010 While the Florida Regional Center has recently announced its plans to expand into Florida's biotech industry, it is still working on the Harbourside Place project in Jupiter, Florida, which promises to help the community and participants in the EB-5 visa program.For Nicholas Mastroianni and other members of the Florida Regional Center, which is expecting approval…
  • City council member visits China to find EB-5 investors June 3, 2010 Members of a California city council recently visited China to drum up investor interest in the EB-5 visa program.Delano, California city council member, Sam Ramirez, went to China along with representatives from the EB-5 regional center, YK America, to find foreign investors to help build a Wal-Mart Super Center in the city, according to ABC23.The…
  • Florida Regional Center looks into biotech June 2, 2010 One of the most appealing aspects of the EB-5 visa program is that it allows investment in a wide range of industries. One EB-5 regional center in Florida is taking full advantage of the opportunity to direct investment into a number of different types of projects.The Florida Regional Center's first project is called Harbourside Jupiter…
  • California regional center focuses on retail May 28, 2010 When foreign investors are considering participating in the EB-5 visa program and want to do so through an EB-5 regional center, it is important for them to review the types of projects in which the regional center is involved.The YK America Regional Center operates in Southern California with a specific eye toward developing retail shopping…
  • EB-5 regional center offers investors office space May 27, 2010 When foreign nationals who participate in the EB-5 visa program come to America to work on their investment, at times, it can be difficult to find a place to do business. Fortunately for such investors, an EB-5 regional center has solved that problem.The East Bay Regional Center, also known as Golden State Renaissance Ventures, operates…
  • Michigan city becomes EB-5 regional center May 26, 2010 A city in Michigan has become an EB-5 regional center after its application was approved and is now prepared to reap the rewards that the EB-5 visa program can potentially bring it.Lansing, Michigan, started on its course to becoming an EB-5 regional center two-and-a-half years ago when Mayor Virg Bernero read an article about the…
  • EB-5 visa program helps businesses during recession May 25, 2010 Two years ago, there were only about 20 EB-5 regional centers in operation. Today, there are 23 EB-5 regional centers in California alone, and nearly 100 nationwide, which shows that many people have realized the mutual benefits that the EB-5 visa program presents to both investors and U.S. businesses.Many of these new regional centers, such…
  • EB-5 regional center looking to draw foreign investment to Kentucky May 24, 2010 A new EB-5 regional center in Kentucky is hoping to provide the area with $100 million in foreign investment capital obtained by the EB-5 visa program.The Kentucky Regional Center was started in March and led by Andrew Moffe, according to Business Courier of Cincinnati. It is based in Florence, Kentucky and its geographic scope is…
  • Cleveland regional center has support of mayor May 21, 2010 When participating in the EB-5 visa program it is vital to wisely pick an EB-5 investment opportunity that will fulfill the requirements of the visa. One EB-5 regional center in Ohio appears to have a strong grasp of the project selection process.The Cleveland International Fund (CiF) is one of nearly 100 EB-5 regional centers in…
  • Green buses drive South Carolina regional center May 20, 2010 An EB-5 regional center in South Carolina is building a transportation assembly plant that will focus on building environmentally friendly buses.The Carolina Center for Foreign Investment (CCFI) is hoping that foreign investors will help them raise the capital necessary to build the facility. In turn, those investors are hoping that the regional center can help…
  • The regional center that never sleeps May 19, 2010 There are many EB-5 regional centers throughout the country and all offer unique EB-5 investment opportunities for foreign nationals, but only one is located in America's biggest and most dynamic city, New York.The New York City Regional Center (NYCRC) gives participants in the EB-5 visa program a chance to invest in what their website calls…
  • Nevada is the focus of EB-5 regional center May 18, 2010 Many foreign nationals hoping to get a U.S. green card are always on the lookout for an EB-5 investment opportunity, and an EB-5 regional center in Nevada is hoping to provide them with some inside one of America's most unique states.The Nevada Regional Economic Development Center (NREDC) is one of two EB-5 regional centers that…
  • EB-5 regional center investing in New Orleans May 17, 2010 New Orleans has come a long way in recovering from Hurricane Katrina, but it still has work to do and an EB-5 regional center is looking to help improve the city.NobleOutReach is hoping to launch new businesses and rebuild old ones in New Orleans with the help of foreign nationals who participate in the EB-5…
  • EB-5 regional center helping University of Miami project May 13, 2010 The construction of the first building in the University of Miami's new Life Science and Technology Park is underway and progressing steadily with the help of an EB-5 regional center.The BirchLEAF Miami 31 Regional Center is working to bring foreign investors into the project, which is being developed by the Maryland-based Wexford Science and Technology…
  • Miami med school getting help from EB-5 May 11, 2010 With the value of the American dollar down at the moment, investing in the U.S. can be an attractive option for foreign nationals due to favorable exchange rates. An EB-5 regional center in Florida is seeking foreign investors to take advantage of this situation.The Birch Leaf 31 Miami Regional Center is helping to expand the…
  • Closed military bases present EB-5 opportunity May 10, 2010 The closing of a military base can devastate a community. The loss of jobs can be so great at times that the community suffers greatly. But an EB-5 regional center has taken an innovative approach to such a situation.The California Military Bases Export regional center (CMB) focuses on the redevelopment of closed military bases and…
  • Harbourside Jupiter EB-5 project to create thousands of jobs in Florida May 7, 2010 It is estimated that an EB-5 regional center project in Florida will create 2,000 local jobs.The project, located in Jupiter, Florida, is run by the Florida Regional Center and is called Harbourside Jupiter. Managers hope to bring a hotel, restaurants, retail stores, parking garages and a pedestrian walkway along the waterfront to the Sunshine State…
  • California regional center almost done with phase 1 of project May 6, 2010 The Bay Area Regional Center offers investors in the EB-5 visa program an opportunity to earn their U.S. green card by investing in the San Francisco Bay-area.The EB-5 visa program gives foreign nationals a chance to become eligible for their green cards if they invest $1 million in an American business and that investment preserves…
  • Conditional residency status removed from EB-5 investors at Jay Peak regional center May 4, 2010 A number of EB-5 visa investors in the Jay Peak Resort Phase 1 project in Vermont have recently removed the two-year conditional status on their residency. The investors had their I-829 applications - Petition by Alien Entrepreneur to Remove Conditions - approved.The Jay Peak Resort and its investors met all the requirements of the EB-5…
  • New Mexico town ponders becoming EB-5 regional center April 27, 2010 A small town in New Mexico is considering becoming a regional center for the EB-5 visa program.If the village of Milan wishes to become a regional center it would qualify as a Targeted Employment Area (TEA) because its population is less than 20,000 and its employment rate is higher than the national average, according to…
  • Indiana company hopes to become an EB-5 regional center April 22, 2010 An Indiana company is making an initiative to attract foreign businesses by using the EB-5 visa program.The company hopes to become a regional center for the EB-5 program. Regional centers handle nearly 90 percent of the investments in the program.Energize East Central Indiana has involved nine counties in its plan and wants to work with…
  • Company seeks partnership with EB-5 Northeast Regional Center April 20, 2010 Seaway Valley Capital Corporation has outlined the terms of a business agreement with ACG Consulting for the purpose of developing the EB-5 visa program in the Northeast.The EB-5 visa program allows foreigners to invest in U.S. businesses, and if a certain number of jobs are produced, the investor is eligible for a green card.Much of…
  • Vermont leads charge for EB-5 investment program April 5, 2010 Of the 83 EB-5 regional centers that have sprung up in the U.S. under the federal EB-5 visa program, the state of Vermont only has one - but its proactive engagement of the immigration investment initiative has already resulted in substantial economic development in the area.Over the past several years, the Green Mountain State has…
  • EB-5 investments take effect at Vermont’s Sugarbush Resort April 2, 2010 Sugarbush Resort, a ski slope in Warren, Vermont, announced on April 1 that it will begin a $7.5 million renovation project of the Lincoln Peak base area sometime this month, using funds collected through the EB-5 visa program.The revitalization began in 2005, and the resort has spent the past few years gathering foreign capital for…
  • What are EB-5 regional centers all about? March 19, 2010 In the current economic climate, there are more than just a few business owners who could use a little extra capital to expand their businesses, create jobs, or push into more competitive markets.Some of these entrepreneurs and capitalists have recognized how the EB-5 visa program, a government initiative run through the U.S. Citizenship and Immigration…
  • EB-5 regional center to hold informational event in Seoul March 9, 2010 Shortly after the real estate and developing firm Twin Development was approved as an EB-5 regional center by the U.S. Citizenship and Immigration Services, the enterprise has vigorously reached out to South Koreans in an attempt to draw investors seeking EB-5 immigration status.Managers of the regional center, based in Federal Way, Washington, plan to construct…
  • How does a direct EB-5 investment differ from an EB-5 regional center? March 4, 2010 In just over a year, the number of public and private enterprises recognized by the U.S. Citizenship and Immigration Services (USCIS) as EB-5 regional centers has rocketed from around 20 to 83.The phenomenon can not entirely be contributed to a growing class of industrialists who are willing to take on a foreign investment to stimulate…
  • Michigan EB-5 regional center reps meet with potential investors February 23, 2010 Since being approved as an EB-5 regional center earlier in the year, representatives from central Michigan's investment lure, known as Regional Center: EB-5 MRC, have been meeting with potential investors in China to help bring in funding and job opportunities for nine state counties.Ken Kousky, CEO of the enterprise, suggested that a deal is in…
  • Vermont plans to launch second EB-5 regional center February 19, 2010 Vermont Governor Jim Douglas recently confirmed plans with the South Korean biomedical company AnC Bio, to designate its subsidiary, AnC Bio VT as an official EB-5 regional center.If approved, the company would begin lobbying foreign investors for capital to build a new facility in Orleans County, which they expect to create about 200 new biotech…
  • EB-5 regional center proposes 45-story hotel February 18, 2010 After receiving designation as an EB-5 regional center by the U.S. Citizenship and Immigration Services (USCIS), the real estate firm Twin Development announced plans on Wednesday to use foreign investment garnered through the immigration program to build the tallest building between Seattle, Washington and Portland, Oregon.The firm's co-manager Steve Smith, and two Korean-American partners Luke…
  • New EB-5 regional center approved in Washington state February 17, 2010 In a move that aims to bring American jobs in and around Federal Way, Washington, the real estate acquisition and developing firm Twin Development was recently approved as an EB-5 regional center by U.S. Citizenship and Immigration Services.With its new designation, Twin Development will be able to offer an investment opportunity for foreign nationals looking…
  • Benefits of the EB-5 visa regional center February 11, 2010 About one year ago, there were just over 20 private and public enterprises that were certified as EB-5 visa program regional centers in the U.S. Today, that number has swelled to 82, according to the U.S. Citizenship and Immigration Services (USCIS).The popularity of the EB-5 investment opportunities has not been limited to regional centers, which…
  • EB-5 regional center approved in Michigan February 1, 2010 Central Michigan, an area desperate to create jobs and promote economic development, may get a push in the right direction after the U.S. Citizenship and Immigration Services approved an EB-5 regional center in the area.The new EB-5 regional center will cover Bay, Clare, Gladwin, Huron, Isabella, Midland, Saginaw, Sanilac and Tuscola counties, though administrators have…
  • New York lawmaker applies for EB-5 regional center status to develop ski area January 29, 2010 A New York State legislator has proposed establishing an EB-5 regional center in his district to support a large-scale ski resort in the area in an attempt to draw in tourism.The Saranac Lake Democrat, Tim Burpoe, who represents the upstate towns of Harrietstown and Franklin, says he has put the EB-5 investment opportunity on his…
  • St Louis economic council to apply for EB-5 regional center status January 26, 2010 Economic analysts in St Louis are levering the increasing popularity of the EB-5 visa program to publicize foreign investment opportunities and raise capital for the region's industries.The St Louis County Economic Council is currently finalizing an application to the U.S. State Department to become recognized as an EB-5 regional center, St Louis Today reports.Becoming a…
  • Executive director named to Northeast Ohio EB-5 regional center January 25, 2010 EB-5 investment opportunities in Northeast Ohio are one step closer after Wooster city officials recently named a former insurance company founder as the executive director of the Northeast Ohio EB-5 Regional Center (NORC).Mike Steiner, who started Steiner Insurance from scratch more than 20 years ago, will oversee to the center's EB-5 green card program, which…
  • City in upstate New York to apply for new EB-5 regional center January 15, 2010 As interest in the EB-5 visa program continues to grow in the U.S., a city in upstate New York has recently announced its desire to apply for the right to create a new regional center.The North Country EB-5 Regional Center would be located in Plattsburgh, New York, and is part of the city's Strategic Vision…
  • Enduring EB-5 regional center a blueprint for success January 14, 2010 The EB-5 visa program has been the focus of increasingly more media reports entering the new year for two main reasons: 1) the national unemployment continues to straddle the all-too-high benchmark of 10 percent and companies remain starved for investment and 2) the number of immigrants who have obtained EB-5 visas jumped from 1,443 in…
  • Investment firm applies for recognition as EB-5 regional center in Colorado January 11, 2010 A national financial investment firm is looking to raise millions of dollars in foreign investment in Colorado by applying for recognition by the U.S. Citizenship and Immigration Services (USCIS) as a federal EB-5 visa regional program center.Under the EB-5 Regional Center Investment program, a private enterprise or government agency with a targeted investment program can…
  • Sun, 01/06/2013 - 05:44 | 3126722 Handyman
    Handyman's picture

    What she said.

    Sun, 01/06/2013 - 06:54 | 3126737 bunnyswanson
    bunnyswanson's picture

    I apologize for the long post.  Also, for upsetting 8 people, it wasn't my intention. 

    Sun, 01/06/2013 - 07:33 | 3126749 negative rates
    negative rates's picture

    Your idea of infinity, i got tired just scrolling past it. 8__*

    Sun, 01/06/2013 - 08:48 | 3126787 GetZeeGold
    GetZeeGold's picture

     

     

    I apologize for the long post.

     

    Apology accepted.....just understand if you ever pull that again.....we WILL kill you.

     

    Have a nice day.

    Sun, 01/06/2013 - 07:35 | 3126751 BigDuke6
    BigDuke6's picture

    Never apologise to these fuckers bunny.

    If you want to ramble on about nuttin much then thats your business

    However, i think your point is valid and i'll back you up on that, especally as i've had a belt of booze in me.

    Sun, 01/06/2013 - 10:07 | 3126849 ISEEIT
    ISEEIT's picture

    A link next time would be good:)

    Sun, 01/06/2013 - 10:45 | 3126885 francis_sawyer
    francis_sawyer's picture

    To some good porn...

    Mon, 01/07/2013 - 06:49 | 3129014 BigDuke6
    BigDuke6's picture

    Francis, ive seen some good links from you

    this may be of interest

    http://www.smh.com.au/world/republicans-warn-obama-on-pentagon-job-20130...

    what a fuck up where a party can openly say they are in the pocket of a foreign power

    Sun, 01/06/2013 - 14:15 | 3127250 JR
    JR's picture

    This is the purposeful destruction of the America culture, bunny. It fits with the philosophy of Neo-Conservatives Julian Simon and Ben Wattenberg who have advocated very high levels of immigration from all parts of the world so that the U.S. will become the world’s first “Universal Nation.”

    Don’t apologize for providing vital information because it’s “too long.”  In fact, the length of your post is a wakeup alert to the Selling of America.

    This program is just another cheap source of financing for America’s international elite, as is the on-going wave of low-wage illegal immigrants from the south as a cheap source of labor for the multinationals based on American shores.

    Deal Book says it all: “[D]evelopers can raise money through the EB-5 program by offering returns of less than 4 percent. In contrast, the interest rates on debt starts at 6 percent, with some riskier forms of financing running at 10 percent or higher. Investors who take an equity stake in a hotel project aim for returns of 20 percent."

    In return for investing a minimum from $500,000 for “targeted employment areas” (TEA) or at least $1 million in a new commercial enterprise employing at least 10 full-time U.S. workers, the foreign investors get permanent citizenship.

    “Foreigners are buying visas and are much less concerned about the rate of return they earn on their investment,” said David Loeb, a senior analyst at Robert W. Baird.

    Zhang & Attorneys, L.P., US Immigration Attorneys and Counselors says the Employment-Based Immigrant Program (EB-5) is “first time a category specifically facilitated the admission of immigrant investors as lawful permanent residents and currently remains the only such category to do so.

    However, America’s producers must pick up the welfare bill to subsidize the corporatists’ demographic pressure.

    This is why America’s middle class must “wake up to the full extent of its fiscal nightmare,” according to Professor Nouriel Roubini pontificating no doubt in some pagoda in China, and “recognize that maintaining a basic welfare state, which is right and necessary in our age of globalization…implies higher taxes for the middle class as well as for the rich ($200,000 and up).”

    Never mind that the program was so riddled with fraud and corruption that it had to be suspended from 1998 to 2003. The government now assures us it has worked to clean up its program, requiring potential deadbeat investors to pay the full amount upfront.

    http://www.hooyou.com/eb-5/index.htm

    http://dealbook.nytimes.com/2012/09/06/visas-for-dollars-program-a-boon-to-hotel-developers/

    +100 bunny.

    Sun, 01/06/2013 - 08:33 | 3126779 SanOvaBeach
    SanOvaBeach's picture

    Get a life, baby!  U need to get laid!

    Sun, 01/06/2013 - 11:16 | 3126919 CaptainAmerica
    CaptainAmerica's picture

    ...Death by a trillion copy-and-pastes!

    Sun, 01/06/2013 - 12:29 | 3127035 spinone
    spinone's picture

    More is not better, bunny.  All those words you cut and pasted, and I'm still not sure what your point was.

    I suggest you edit your post to make your point, and have links to the supporting documentation.

    Sun, 01/06/2013 - 09:51 | 3126830 Solarman
    Solarman's picture

    Yeah, they do, and it is not for interest or return of principal.  It is to maintain their export economies.  You see, they are kicking a different can down the road.

    Sun, 01/06/2013 - 10:12 | 3126851 TruthHunter
    TruthHunter's picture

    "who without a financial death wish would lend the U.S. government money for 30 years at 3% ?"

     

    If its somebody else's money why not? Get a free income stream until...cross that bridge if u come to it.

    Sat, 01/05/2013 - 23:43 | 3126397 akak
    akak's picture

     

     As far as the touchy feely emotional point of view, I couldn't care less.

    Fixed that for you.  Your original statement, as literally written, made no sense.

    "Couldn't care less" means that you could not care less than you do right now --- literally, you do not care at all.  "Could care less" implies that you DO care, because you COULD care less than you do right now.

    Sun, 01/06/2013 - 00:16 | 3126483 Ralph Spoilsport
    Ralph Spoilsport's picture

    After assessing my current level of caring, I determined that I COULD care less due to the fact that I was careless about the way I measured how much I actually did care. This has been corrected to the point that I couldn't care less now. I thank you and that is the mattering thing.

    Sun, 01/06/2013 - 00:48 | 3126527 akak
    akak's picture

    Just trying to do my share to avoid linguistic blobbing-up and US 'american' citizenismistic grammatical monolizing of the speeching means!

    Sun, 01/06/2013 - 00:50 | 3126545 Ralph Spoilsport
    Ralph Spoilsport's picture

    Forward Motion With Masses and Long Life To The People's Endeavor!

    Sun, 01/06/2013 - 00:55 | 3126554 akak
    akak's picture

    Masses when double lucky prevailing fortune assail up with burst in expeditious wising.

    Sun, 01/06/2013 - 01:13 | 3126570 Ralph Spoilsport
    Ralph Spoilsport's picture

    It is to pinpoint them out to point out a train that is pointed to by the whole of 'americans' trying to push someone else under the train for your own crustier bits alas alas.

    Sun, 01/06/2013 - 01:23 | 3126575 akak
    akak's picture

    Alas, alas, pi to the fourth power alas.

    Indo-European-Antarctican-Lemurian Easter Island Chinese 'american' shitizenism is as roadside crapmongery does.

    Just have to bear with it.

    Sun, 01/06/2013 - 03:49 | 3126682 Half_A_Billion_...
    Half_A_Billion_Hollow_Points's picture

    "PETRODOLLAR WARFARE" PDF FOR MY ZEROHEDGE CRAZY BUDDIES

    http://home.aubg.bg/faculty/kpetrov/Other/Textbook%20Downloads/Clark%20-...

    Sun, 01/06/2013 - 15:47 | 3126909 Dick Buttkiss
    Dick Buttkiss's picture

    Thanks, HAB, I was about to buy it on Kindle.

    And while, as always, the state can kiss my ass, please know that I'd be happy to kiss your avatar's.

    Sun, 01/06/2013 - 14:08 | 3127234 Svendblaaskaeg
    Svendblaaskaeg's picture

    Thank You!

    Sun, 01/06/2013 - 00:45 | 3126532 francis_sawyer
    francis_sawyer's picture

    Well ~ as for me... I could care less... But instead ~ I choose to care MORE... [Just trying to exercise my last bit of freedom before being hauled away to a re-education camp]...

    Sun, 01/06/2013 - 00:33 | 3126519 Michaelwiseguy
    Michaelwiseguy's picture

    Thanks. My grammar checker is on th fritz. I do admire your mastery and use of the language akak.

    Sun, 01/06/2013 - 16:02 | 3127508 Nehweh Gahnin
    Nehweh Gahnin's picture

    Add two zeroes to that number and make it payable to every man, woman and child.  Then I would be ecstatic to pay a 56.67% tax on that and voila!  No more debt!

    What?  Oh, yeah...

    Who cares?  Immagunna buy a boat with mine.

    Sat, 01/05/2013 - 22:07 | 3126294 Anusocracy
    Anusocracy's picture

    Government is a high time-preference entity. It needs the support of high time-preference individuals.

    Therefore, it acts to create them.

    Sun, 01/06/2013 - 00:20 | 3126492 DavidC
    DavidC's picture

    BB,
    Superb and classic Twilight Zone episode (the film version with John Lithgow was great as well).

    DavidC

    Sun, 01/06/2013 - 16:23 | 3127558 Snakeeyes
    Snakeeyes's picture

    Agreed. PhDs like Krugman and Stiglitz simply mouth what the politicians and greedy Americans want to hear. But debt has risen by 136% since 2007 and is accelerating with out of control spending. http://confoundedinterest.wordpress.com/2013/01/06/pennies-40-ton-trilli...

    Sat, 01/05/2013 - 23:54 | 3126157 Michaelwiseguy
    Michaelwiseguy's picture

    The next debt ceiling level is to be set at $17.85 trillion.

    There are bankster arrests still going on around the globe, Remember the David Wilcock and Drake interview? https://www.youtube.com/watch?v=e0BaAYt6vSQ

    Check out these sites for more info;

    http://removingtheshackles.blogspot.ca/

    http://americankabuki.blogspot.com/

    These legal documents are check mate to the banksters. If they ever challenge it, they are admitting to their participation in the fraud.

    Along the way they got involved with other groups who had big pieces of the picture but not a clear understanding of the structure by which the banks ran their (giant) "operation," nor did they have the legal structure themselves in place to do much about it. They discovered that the bankers operated under the guise of a democracy government by setting up everything (individuals, countries, companies, etc.) as corporations and then everything was controlled and run through the Uniform Commerce Code and it was all a complete fraud.

    The researchers (now Trustees) have met on numerous occasions with all the big players, good and bad. The (highly legalistic) documents which basically foreclose on all of these corporate entities were filed in August through October 2012 and there has been NO LEGAL REBUTTAL. Which means the documents which basically return everything to the people including the ownership of the UCC (it was privately owned before these documents were filed) are in full force and effect. The Trustees say that it will be impossible to rebutt because it leads to the discovery of fraud.

    http://www.dailypaul.com/268715/important-stunning-document-released?page=1

    Sun, 01/06/2013 - 00:51 | 3126541 francis_sawyer
    francis_sawyer's picture

    Sadly... In practice... Sounds like a pyrrhic victory to me... [Though someday it'll all end for sure]... IOW ~ The odds are slim indeed that anything like this will ever be resolved in a courtroom... BLOOD will be required before it's all over...

    Sun, 01/06/2013 - 01:09 | 3126564 Michaelwiseguy
    Michaelwiseguy's picture

    As high profile arrests take place and makes MSM news headlines, the general public will start to get it. So much work was already done by people like Jordan Maxwell and others. The shadow government operates with no authority, and if they try to defend their territory, they expose themselves. I believe the old Illuminati guard are so old and addled with Alzheimer's and dimensia, they are collectively powerless at this time. That's why we go in for the kill now.

    Jordan Maxwell - The Illuminati Exposed

    https://www.youtube.com/watch?v=NgwMr_gdiv8

    Sun, 01/06/2013 - 02:58 | 3126665 francis_sawyer
    francis_sawyer's picture

     "As high profile arrests take place and makes MSM news headlines, the general public will start to get it"

    ~~~

    So is that going to be on BEFORE or AFTER the "Honey Boo Boo & Snooki compete on Dancing With the Stars" special?...

    Sun, 01/06/2013 - 14:41 | 3127305 Michaelwiseguy
    Michaelwiseguy's picture

    Honey Boo Boo's mom has her own Mini Me.

    Sun, 01/06/2013 - 04:18 | 3126689 cranky-old-geezer
    cranky-old-geezer's picture

     

     

    Idiot.

    No court on this planet will take on the bankers. 

    Filed and not rebutted by bankers simply means filed and ignored by bankers.

    Which means the documents which basically return everything to the people including the ownership of the UCC (it was privately owned before these documents were filed) are in full force and effect.

    Filed documents without adjudication by a court are meaningless and worthless.  No filing is a judgment merely by being filed, and there's no default judgment because no judge will rule against bankers.

    Anyone in 1st year law can see the nonsense in all this UCC crap.

    Sun, 01/06/2013 - 11:38 | 3126951 GMadScientist
    GMadScientist's picture

    "highly legalistic"...emphasis on highly.

    Sun, 01/06/2013 - 12:33 | 3127045 spinone
    spinone's picture

    Legality is just an extension of social convention.  This may be technically legally correct, but the social convention now is that financial corporations are not prosecuted, and never lose based on mistakes or bad decisions.

    Sat, 01/05/2013 - 20:47 | 3126167 I think I need ...
    I think I need to buy a gun's picture

    so whats william clarks conclusion? anyone read that book?

    Sat, 01/05/2013 - 20:54 | 3126181 ball-and-chain
    ball-and-chain's picture

    The bad news?

    The debt will climb to 20 trillion.

    The good news?

    The DOW will break 30,000.

    So what's a boy to do?

    http://www.angrysinner.blogspot.kr/2013/01/saturday.html

    Sat, 01/05/2013 - 22:09 | 3126297 adoyi
    adoyi's picture

    You guys are alarmists. The US debt is in dollars for now so it can easily be printed to pay off. SHTF when there is a new reserve currency and the dollar is devalued limiting the ability to pay interest on the debt.

    So for now the party goes on, that is why Dick Cheney says debt is IRERELEvant!!!

    Sat, 01/05/2013 - 23:51 | 3126441 Mike in GA
    Mike in GA's picture

    If an alarmist is one who attempts to warn others of certain facts, then, yes, call me alarmist.  No prob there.

    But you say, "The US debt is in dollars for now so it can easily be printed to pay off". 

         1) US debt since 1971 is always in fiat, FRN dollars, what else could it be in?  

         2) to print more currency IS easy; to have that newly printed  currency maintain its value is the crux of much debate.

    And then you say:  "SHTF when there is a new reserve currency and the dollar is devalued limiting the ability to pay interest on the debt".

        1) Dollar is being devalued with every new one created.

        2) Paying interest on the debt with less-valuable dollars seems to be the very goal of our central banksters because it's easier to pay with cheapend dollars.  (Easier than harvesting more tax dollars out of taxpayers depleted pockets or - the old way - giving up Gold from the treasury.)

    And Dick Cheney never said debt is irrelevant.  What he said was, "Reagan proved deficits don't matter"  I wish he hadn't said that.  He may wish he'd never said that.  But the cat's out of the bag on that one and I won't try to defend it on the basis of Reagan's deficits relative to GDP relative to restoring a robust defense posture. But I could.

    The fact is, deficits DO matter especially in FedGov budgeting context because deficits add up each and every year to the $16 trillion plus DEBT we ALL suffer from now. 

    I find this alarming.

     

    Sun, 01/06/2013 - 11:34 | 3126947 GMadScientist
    GMadScientist's picture

    No, we're not alarmist,...you're fucking retarded.

    While your fatal conceits are quite easily contrived, you'll find they do you very little good in the real world of scarce non-renewable resources that are fundamental to the productive capacity of your economy.

    We could just as easily say that we don't plan on paying the debt (you know: pull an Argentina), but that might have some consequences both with respect to our ability to continue borrowing (which we must, to continue rolling this fecal pile along) and in the real world, where the price of commodities like oil (as priced in the currency you've advocated devaluing sharply) skyrocket...collapsing your economy by billions of GDP with every $1 rise per gallon.

    If you think we're on the brink now, try looking at how much money goes to interest if rates go above 5% because your "easily printed" machinations have destroyed confidence in the dollar (you THINK people don't recognize inflation as a tax, but they do). What happens to the revenue side of the equation when the economy contracts from price-inflated inputs?

    Wake the fuck up, Sparky.

     

    Mon, 01/07/2013 - 03:34 | 3128906 John_Coltrane
    John_Coltrane's picture

    Excellent comment.  I just wish sometimes people would understand the two most important concepts in economics:

    1)Humans desires and wants are unlimited (i.e. infinite)

    2)But real resources are finite

    Thus, to reconcile this conflict requires the price of anything be determined solely by supply and demand set by markets-and that includes the price of money (the interest rate).  When central planners attempt price controls (i.e. the FED using QE to artifically depress the price of money) they are guaranteed to fail because of axioms 1) and 2) and in the process results in huge malinvestment (e.g. real estate, student loans etc)

    Sat, 01/05/2013 - 22:14 | 3126302 CompassionateFascist
    CompassionateFascist's picture

    Including debt parked at the mortgage agencies, REAL U.S. govt debt is already >$22 Trillion. And the main financier isn't China/Japan/OPEC anymore. It's the Rothschild family, alias the "Federal Reserve". I cannot imagine a deadlier situation. Neither can they. That's why the gun-grab. 

    Sat, 01/05/2013 - 23:17 | 3126384 Joe moneybags
    Joe moneybags's picture

    That post was a waste of bold and italics.

    Sun, 01/06/2013 - 00:10 | 3126475 Ralph Spoilsport
    Ralph Spoilsport's picture

    You should demand a refund toot sweet (that's French!)

    Sun, 01/06/2013 - 00:55 | 3126555 francis_sawyer
    francis_sawyer's picture

    The time to see the dentist is 2:30... (That's Chinese)

    Sun, 01/06/2013 - 01:38 | 3126594 Ralph Spoilsport
    Ralph Spoilsport's picture

    Alas, Chinese dentalism is a bridge too far and less filling.

    Sun, 01/06/2013 - 02:39 | 3126650 Tom Green Swedish
    Tom Green Swedish's picture

    Entitlements aren't so bad as long as we use them like they did in the past.  That means living with your mommy and daddy or them living with you.

    Sun, 01/06/2013 - 11:23 | 3126927 GMadScientist
    GMadScientist's picture

    "In the past", we put people who couldn't work anymore on ice floes or packed them away in an opium den.

    Now we pay for their boner pills and heart meds while they play shuffleboard into oblivion over much time at great expense.

    I say we take America's penchant for reality TV and make SS a competition...

    "Two old men enter...one old man leaves...with a check."

    Mon, 01/07/2013 - 06:26 | 3128998 Just Ice
    Just Ice's picture

    Medicaid, Medicare and Obamacare are corporate welfare...for the pharmaceutical companies, insurance carriers, doctors consortiums, hospitals and other so called health care providers.  The vast majority of elderly would be better off with a direct fixed payment annually as a health care subsidy and responsible for purchasing and providing their own health care or, if they chose, health insurance/HMO membership.

    That approach would also save taxpayers a lot of money.  No billings for 20 expensive procedures that didn't take place, no 15 different prescriptions because its a medicare patient and "the government can afford it", no twice a month doctor visits for the sheer sake of bill padding.  On the other hand, those seniors whose basic health needs consist of nutrition, exercise, prescription lenses and hearing aids, would have the health care dollars to pay for those items, none of which are paid by Medicare.   

    Sat, 01/05/2013 - 21:22 | 3126223 philipat
    philipat's picture

    China is simply biding its time to launch a Gold-backed RMB. At that time, the choice will be easier. Petro-Dollars anyone?

    Sat, 01/05/2013 - 21:44 | 3126259 G_T_A_44
    G_T_A_44's picture

    Bingo!

    Sat, 01/05/2013 - 22:32 | 3126309 Skateboarder
    Skateboarder's picture

    He who has PMs can convert his wealth into whatever other medium he wants, at any given time. Today's real money might be tomorrow's monopoly money. Beware of paper...

    Sun, 01/06/2013 - 02:40 | 3126652 Tom Green Swedish
    Tom Green Swedish's picture

    Pray we turn into Saudi America Texas again.

    Sun, 01/06/2013 - 07:39 | 3126753 negative rates
    negative rates's picture

    Toms thumb up.

    Sun, 01/06/2013 - 10:45 | 3126884 GMadScientist
    GMadScientist's picture

    You must have missed their proposal to make SDRs the reserve currency after adding the RMB to the basket.

     

    Sun, 01/06/2013 - 20:37 | 3128210 philipat
    philipat's picture

    That was over five years ago and was rejected by The US for fairly obvious reasons. China will, therefore, go it alone.

    Mon, 01/07/2013 - 03:39 | 3128911 John_Coltrane
    John_Coltrane's picture

    They better not wait too long with 1.3 B people they won't be able to feed and an excess of males to females (a sort of human time bomb the longer they don't get laid)  China is not the future-its just in better shape than India or Bangladesh.

    Mon, 01/07/2013 - 06:34 | 3129003 Just Ice
    Just Ice's picture

    They also face the same problem of an aging demographic as Japan and most of the West do; iow, a lot more elderly in need of support by a lot fewer young.

    Sat, 01/05/2013 - 22:44 | 3126352 blindman
    blindman's picture

    everyone knows that facts mean nothing.
    it is context that is king and facts are
    pawns in the kingdom. meaning and value
    refer and defer to the context, king.
    you are not dealing with the open human
    mind but a synthetic creation of debt money
    consciousness. a half wit.
    granted this is the phd level shit but
    it does happen to be true. you cannot
    argue facts in contradiction to the context,
    that is just dismissed as trivial or irrelevant,
    outlier, one off bullshit. it is the context
    that must be destroyed as inept, the jugular.
    corot that artery sir.

    Sat, 01/05/2013 - 20:37 | 3126134 Yen Cross
    Yen Cross's picture

    That was an amazing " Info Graphic" Tyler! You kick ass.  

     It's amazing how well you [scale} spending into pictures. I filed that little beauty in my favorites.

    Sat, 01/05/2013 - 23:13 | 3126379 Landrew
    Landrew's picture

    Remember it was a GUEST post! Give credit  (if any is due) to whom created it.

    Sun, 01/06/2013 - 08:35 | 3126781 Tango in the Blight
    Tango in the Blight's picture

    The infographic comes from http://demonocracy.info

    Sat, 01/05/2013 - 20:39 | 3126141 Surrealist
    Surrealist's picture

    This debt bubble has to burst some time surely?

    Sat, 01/05/2013 - 22:11 | 3126299 Harbanger
    Harbanger's picture

    When interest rates start rising.  It will collapse when the world realizes they will NEVER be paid back and therefore no longer buys American debt.

    Sat, 01/05/2013 - 22:16 | 3126307 Yen Cross
    Yen Cross's picture

    The (Fed.) thinks they can use reverse repos, as opposed to outright "money supply" contraction. We all just saw what happened to yields on a "whiff" of tightening.

     Break out the ' Methadone' Bitchez/

    Sat, 01/05/2013 - 22:32 | 3126328 Harbanger
    Harbanger's picture

    With reverse repos, aren't they just buying securities to monetize the Banks.  I think the only tool they have is different schemes of printing until they finally destroy the currency, and they know it but won't say it.

    Sat, 01/05/2013 - 23:07 | 3126372 Yen Cross
    Yen Cross's picture

    Are we lost in translation? The Fed. will use (short term) monetary policy to pull liquidity from the system.

     ECB style/ They will fail, as all the short term paper has been twisted!

    Sat, 01/05/2013 - 23:34 | 3126406 Harbanger
    Harbanger's picture

    Ok I get it, like the ECB.  Of course they will fail.  I thought you meant Fed adding reserves to Banking system with a repurchase agreement like they did in 2009.

    Sun, 01/06/2013 - 00:15 | 3126465 Yen Cross
    Yen Cross's picture

     No, you don't get it. The Fed. has been twisting "inflation" for 4 years. If the Fed. decides to start selling paper, no sovereign on Planet Earth will settle for 10 basis points.

      This isn't about U and Me. When those short term bonds hit the market ( KABOOM)  Greece is a dot on your screen.

      People will unwind to be liquid. The $ will spike (short term) Yields wil skyrocket, and the " Fractional Reserve" concept  will hang some politicians and bankers.

    Sun, 01/06/2013 - 00:24 | 3126497 Harbanger
    Harbanger's picture

    You're right, no one will want to buy our bonds with 10 basis points.  The increase in yields will then collapse the system.  I think I get it.  I believe all that wealth is going to end up going into commodities.  Do you agree?

    Sun, 01/06/2013 - 11:43 | 3126957 GMadScientist
    GMadScientist's picture

    Like undoing a very necessary girdle in a public place...fuuugggly.

    And they can't even agree on when to stop making it worse.

    Some things you can only sterilize by nuking from orbit.

    Sun, 01/06/2013 - 00:15 | 3126482 bobert
    bobert's picture

    "Twisting" by the Federal Reserve moves short and long term treasury rates in opposite directions. The central bank is selling one end of the curve and buying the other.

    In lieu of the above when they start selling treasuries back to their primary dealers (20 international banks) the money supply will contract and the economy slow.

    On the other hand if the federal reserve wants the economy to expand then it purchases treasuries from it's primary dealers who are then flush with cash to loan to the public and the economy expands. This is what they have been doing since 2007. it isn't working very good. Beause the banks made poor investments in recent years they prefer to take little or no risk by holding cash in reserve at the federal reserve and be paid near zero interest. They are following Warren Buffet's first rule of inves ting, "don't lose money." Besides that smart business men and consumers are not borrowing from the banks due to the perceived future of risk.

    So monetary stimulus is kind of broken, and hence all that is left is fiscal stimulus.

    Your question is a good one.

    Sat, 01/05/2013 - 22:29 | 3126316 CompassionateFascist
    CompassionateFascist's picture

    Negative, see above. And I doubt the primacy of economics. When Civil War II  begins - and, via the gun-grab, we are getting close - the debt-Ponziconomy will collapse w/in days. 

    Sat, 01/05/2013 - 22:41 | 3126344 Harbanger
    Harbanger's picture

    Collapse within days?  That may be a little optimistic.  I'm a pessimist so I'll give it a couple of more years.

    Sat, 01/05/2013 - 20:41 | 3126147 nmewn
    nmewn's picture

    lol...not a problem...just stamp out a platinum coin saying its value is ONE QUADRILLION DOLLARS.

    Instant surplus!

    Next!!! ;-)

    Sat, 01/05/2013 - 21:29 | 3126195 Yen Cross
    Yen Cross's picture

      Ameri >l a ™ Backwards k's aren't allowed?

    Sat, 01/05/2013 - 21:20 | 3126221 blindman
    blindman's picture

    sometimes i wonder if i have lost my mind
    when shit just gets funnier as the horror of
    the situation becomes more obvious and worse.
    .
    if you haven't seen it ....
    or watch it again.
    George Carlin - advertising and bull shit
    http://www.youtube.com/watch?v=AtK_YsVInw8
    .
    this is comedy. the other thing , "reality",
    is tragedy wrapped in bad and fraudulent
    paper.
    .
    your post made me laugh too.

    Sat, 01/05/2013 - 21:54 | 3126273 Beam Me Up Scotty
    Beam Me Up Scotty's picture

    The whole platinum coin thing makes me laugh.  Yes, why stop at a trillion, when you can make it a quadrillion?  Hell, the government shouldnt have to levy ONE THIN DIME of taxes anymore, right?  They will have all the money they need to fund their shit and then some.  And think of how great that would be for the economy if NO ONE had to pay ANY TAXES anymore?  No income taxes, no property taxes, no sales taxes.  No LIQUOR taxes!!  Everyone could go on a spending spree like we've never seen in the history of the world.  Talk about fiscal stimulus!!  Lets do it!!

    Sat, 01/05/2013 - 22:42 | 3126350 Dr. Sandi
    Dr. Sandi's picture

    I believe the quadrillion dollar coin is called the Quatloo.

    Sat, 01/05/2013 - 22:59 | 3126365 unrulian
    unrulian's picture

    is that what is was called in Zimbabwe?

    Sun, 01/06/2013 - 01:10 | 3126568 francis_sawyer
    francis_sawyer's picture

    No... It's called the "jooZOOKA"...

    Sat, 01/05/2013 - 23:16 | 3126382 traderjoe
    traderjoe's picture

    Why should anyone pay taxes? Why shouldn't the US Treasury simply print United States Notes - the longest running currency in our nation's history?

    Taxes are theft from the barrel of a gun.

    Privately created debt money (the FRN) is the scam of the Century.

    Can we create something from nothing? No. But at least it would be the People's Currency.

    Sat, 01/05/2013 - 23:50 | 3126439 bulldung
    bulldung's picture

    I have long wondered why not give a very large tax break as deficits don't matter to politicians nor economists. It would certainly stimulate my economy.

    Sun, 01/06/2013 - 00:03 | 3126468 Publicus
    Publicus's picture

    They do this kind of things, in China for example. :) All those bad debt at state banks? Let's modify a few computer files, there, all fixed.

    Sun, 01/06/2013 - 04:13 | 3126688 Element
    Element's picture

    Egad! ... can we buy a star fleet and piss-off before reality notices?

    Sun, 01/06/2013 - 11:49 | 3126969 GMadScientist
    GMadScientist's picture

    We had one but some jackass screwed up the metric conversion and at those speeds it really makes a difference; they're parked just past Zeta Reticuli.

    Sun, 01/06/2013 - 08:43 | 3126785 Tango in the Blight
    Tango in the Blight's picture

    I have ONE QUADRILLION DOLLARS. The thing is they are Zimbabwe dollars, ten notes of 100 TRILLION ZIM$.

    But soon I'll be getting my hands on a ONE QUADRILLION DOLLAR US$ note.

    And it will be worth the same as my ZIM$ notes: nothing.

    Sat, 01/05/2013 - 20:59 | 3126151 Banksters
    Banksters's picture

    As high as Barack Isuckoffbankers Obama says it will?

     

    And I quote.

     

    “If Congress refuses to give the United States the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic,” he said.

    "I will not compromise over ... whether or not Congress should pay the tab for a bill they’ve already racked up," Mr. Obama said in his taped weekly address,

     

    HEY SHITHEAD, you added 6 MOTHERFUCKING TRILLION DOLLARS TO THE DEFICIT.    DEBT REPUDIATION, YES WE CAN!

     

    Sat, 01/05/2013 - 23:08 | 3126373 nmewn
    nmewn's picture

    Barack-Insane-Obama could veto ANY bill sent to his desk...he has chosen not to.

    Lets throw another log on the fire...

    (CNSNews.com) – House Minority Leader Nancy Pelosi (D-lol-Calif.) said Friday that she would raise the debt limit unilaterally “in a second” if she were president of the United States.

     

    Pelosi and other Democrats have suggested that the president could bypass Congress and unilaterally raise the debt ceiling by invoking the 14th Amendment of the Constitution, which states, “The validity of the public debt of the United States…shall not be questioned.”

    http://cnsnews.com/news/article/pelosi-raising-debt-ceiling-unilaterally-i-would-do-it-second-i-m-not-president

    Yes, of course, by stating something, that actually makes it so.

    So when I say I mailed my check through the US government Postal Pervice its as good as gold and in the hands of the IRS! 

    Its all good, as long as we understand each other Nana ;-)

    Sun, 01/06/2013 - 11:53 | 3126973 GMadScientist
    GMadScientist's picture

    I can't help but notice this little section of that amendment (yeah, it was about not financing one's own reparations from the rebels, but work with me):

    "But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void."

    Reneg on the basis that the debt was incurred while performing an insurrection on the US! DC has rebelled!!

    Sat, 01/05/2013 - 23:42 | 3126414 ZeroAvatar
    ZeroAvatar's picture

    When the time comes, the US will OUTRIGHT DEFAULT. 

     

    What better way to get a 'fresh start' than to 'file bankruptcy'.

     

    Don't like it?   Tell it to the F-35.

    Sun, 01/06/2013 - 01:43 | 3126598 nmewn
    nmewn's picture

    +1

    That is the sovereign financial game being played, as always. The other side of that is patriotism, the issue (or trick) for all humanity, is to stand pat on our individual rights everyone is born with. 

    Sun, 01/06/2013 - 04:27 | 3126694 AgAu_man
    AgAu_man's picture

    F-35s? In that case, better long Lockheed, long COL.

    Drones? Better long Boeing, long COL.

    Too 'actionable'? Sorry, please continue with clever quips.

    Sun, 01/06/2013 - 11:56 | 3126980 GMadScientist
    GMadScientist's picture

    What's that? Can't find anyone to fly your F-35s? They expect to be paid in what?!

    Sun, 01/06/2013 - 12:33 | 3127044 DosZap
    DosZap's picture

    I will not compromise over ... whether or not Congress should pay the tab for a bill they’ve already racked up," Mr. Obama said in his taped weekly address,

    How about rewording that Mr. Obamao?, For a Bill YOU have already racked up, and JUST added another 4.4 TRILLION TO?.

    Hypocitical bastard.

    Sat, 01/05/2013 - 20:42 | 3126152 Seasmoke
    Seasmoke's picture

    i think we have our answer to WAR, WHAT IS IT GOOD FOR ???

    Sat, 01/05/2013 - 21:26 | 3126233 BurningFuld
    BurningFuld's picture

    Be smart China don't get baited into a stupid conflict...think small island somewhere.

    Sat, 01/05/2013 - 21:41 | 3126252 TotalCarp
    TotalCarp's picture

    Bang on (pun intended). USD reserve status and ridiculous military superiority (read military spending - which is exactly what debt is needed for) is the key way of staving off the collapse. Its all very closely interelated really one big fucking catch22.

    You see all the pronouncements of "end game" are correct in as far as we can never go back to a sensible economy without a 100% reset. They are wrong tho in as far as prediction of the impending doom. This shit can go on for years

    Sat, 01/05/2013 - 22:36 | 3126331 CompassionateFascist
    CompassionateFascist's picture

    Nope. Like I said last year: O's inaug, then 60 days to Ft. Sumter.   

    Sun, 01/06/2013 - 00:48 | 3126537 TotalCarp
    TotalCarp's picture

    We shall see. I suspect you are wrong as "they" are not going to force the issue and the status quo can be qe-maintained for a while longer. But if you are right i wont cry either, i have long ran off from Amerikka and i am not important enuff to be hunted with a drone

    Sun, 01/06/2013 - 01:32 | 3126588 francis_sawyer
    francis_sawyer's picture

     "You stupid good lookings... I'm too important to be captured"

    ~~~

    Madame Yes

    http://www.youtube.com/watch?v=PojCDG5816Q

    Sun, 01/06/2013 - 03:05 | 3126670 TotalCarp
    TotalCarp's picture

    Brilliant clip, cheers dude

    Sun, 01/06/2013 - 11:57 | 3126984 GMadScientist
    GMadScientist's picture

    "WAR, WHAT IS IT GOOD FOR ???"

    Business.

    Sat, 01/05/2013 - 20:43 | 3126158 loveyajimbo
    loveyajimbo's picture

    When it all ends... just watch Obunga... an exec order ot two forgiving all debt, seizing all American assets, marshall law, suspension of what is left of our Constitution... which will lead to armed revolt... it will get ugly and fast... and HE is the craven socialist muslim tool that will start the BIG party.

    Sat, 01/05/2013 - 21:01 | 3126192 HurricaneSeason
    HurricaneSeason's picture

    All resources will be nationalized. Jobs will finally come back.  The government will control every wage rate and every business, but hell that's not that much different than now. Communities will be more like military bases or fema camps.

    Sat, 01/05/2013 - 21:56 | 3126275 Beam Me Up Scotty
    Beam Me Up Scotty's picture

    Is it a job when you are being forced to work?

    Sat, 01/05/2013 - 22:34 | 3126336 Skateboarder
    Skateboarder's picture

    Welcome to hell.

    Sat, 01/05/2013 - 23:05 | 3126371 espirit
    espirit's picture

    This is hell.

    BANANAAA+  (borrowed from another ZH'er)

    Sat, 01/05/2013 - 22:41 | 3126346 Lucius Corneliu...
    Lucius Cornelius Sulla's picture

    In the USSR's end days the joke was,  "So long as the bosses pretend to pay us, we will pretend to work." 

    Sat, 01/05/2013 - 22:41 | 3126347 Anusocracy
    Anusocracy's picture

    Putin asked why we were going towards where they were coming from. The answer is simple: we have the same type of leaders they had.

    Government is to blame for our problems, and they're guaranteed to get worse.

    Sat, 01/05/2013 - 23:19 | 3126386 XitSam
    XitSam's picture

    What will people do if the gooberment turns off the electicity or gas in winter because the community didn't meet its bureaucrat assigned production quota?  Or because a prohibited gun was found in a house?  Or doesn't put any value on your EBT card because you criticized the Great Leader or because you didn't show up to a "Worker's Protest"? What will happen when your kid tells the teacher that rights are not granted by the government?

    Sun, 01/06/2013 - 01:36 | 3126593 francis_sawyer
    francis_sawyer's picture

    You'll get to fight Katniss Everdeen in the next Hunger Games episode... Or go against 'Sub Zero' in the next Running Man...

    Sat, 01/05/2013 - 21:53 | 3126272 HellFish
    HellFish's picture

    marshall law?

    Sat, 01/05/2013 - 22:47 | 3126354 Dr. Sandi
    Dr. Sandi's picture

    You've heard of him.

    "Mayor, crime here in Dodge is gettin' outta control."

    Sucking hard on his bong, the mayor looks up. "Better get a telegram off to the governor and have him send us Marshall Law.

    Oh, and if he's busy, tell him we'll settle for Marshall Dillon."

    Sun, 01/06/2013 - 11:59 | 3126988 GMadScientist
    GMadScientist's picture

    I thought Marshall Law was where you punish people using amplifiers.

    Sun, 01/06/2013 - 12:40 | 3127061 Ralph Spoilsport
    Ralph Spoilsport's picture

    Before that Vox Populi was very punishing.

    Sat, 01/05/2013 - 22:08 | 3126295 GOSPLAN HERO
    GOSPLAN HERO's picture

    Martial law.

    Sat, 01/05/2013 - 22:47 | 3126353 blindman
    blindman's picture

    moar like marshmallow law.

    Sun, 01/06/2013 - 03:04 | 3126669 francis_sawyer
    francis_sawyer's picture

     "We are MARSHALL"

    Sat, 01/05/2013 - 23:47 | 3126427 ZeroAvatar
    ZeroAvatar's picture

    The US will be no different than Syria is today, killing its citizens. 

     

    Ghadaffy did it while he could.  Egypt was ready to, but the muzzies pulled back first.

     

    Bahrain, in the process.  We're all just terrorists to our faithful, loving, caring gubmint.

     

    And they WILL kill us.  I don't know how we plan to fight back against jet fighters, tanks and drones.

     

    I'm sure someone is drawing up plans somewhere, though.

    Sun, 01/06/2013 - 02:01 | 3126613 seek
    seek's picture

    The US has more than four times the population of Afghanistan and Iraq combined, and more than seven times the land area, with a firearm for every person in the country.

    With nearly the full support of the US, we haven't succeeded in Afghanistan, and if the military we deployed within the US, there would be anything but support.

    Presumably it'd take some TSA-esq organization, and it would fail at epic levels. If they simply wanted to kill the population off, presumably they could go chemical/biological, but that cuts both ways, and more critically, eliminates the labor base, and would likely trigger an complete breakdown of the chain of command.

    Latern Spike, REX84, and Garden Plot are examples of the plans they've drawn up. I seriously wouldn't count on any "plan" working -- after the first 10,000 or so people get disappeared, any pretext of restraint would disappear when someone showed up at your door looking for you. The old adage of "no plan survives contact with the enemy" would apply the moment the civilian population of the US was declare the "enemy" the second time around.

    Sun, 01/06/2013 - 04:57 | 3126704 Shell Game
    Shell Game's picture

    Good post, Seek, 100% agree. Recently read a book by John Robb called 'Brave New War' that lays out the forth generational warfare reality confronting aggressive/oppressive, globalized nation-states.  Great read.  

    Sun, 01/06/2013 - 11:58 | 3126985 GMadScientist
    GMadScientist's picture

    Shut up you fuckin' tool...how much of that debt was accrued by your fuckin' hero, dumbass?

     

    Sun, 01/06/2013 - 12:17 | 3127005 DosZap
    DosZap's picture

    locveyajimbo,

    Well may not be an armed uprising as he is coming after anything capable of monting an offense.

    Time for Secession

    http://www.washingtonpost.com/politics/white-house-weighs-broad-gun-control-agenda-in-wake-of-newtown-shootings/2013/01/05/d281efe0-5682-11e2-bf3e-76c0a789346f_print.html

     

    HERE HE COMES...........................................AFTER the 2nd TOTALLY.

    LIAR and a HYPOCRITE, as we all knew it.

    http://cnsnews.com/blog/gregory-gwyn-williams-jr/flashback-obama-i-will-not-take-your-guns-away

    Sat, 01/05/2013 - 20:47 | 3126161 JustObserving
    JustObserving's picture

     According to David Walker, former controller of the US, when these unfunded programs are added to the enormous debt, it stands at $70 trillion and growing–that is $10 million per minute!

    According to Kotlikoff, US unfunded liabilities are $222 trillion and growing at $20.9 million a minute.

    http://www.bloomberg.com/news/2012-08-08/blink-u-s-debt-just-grew-by-11-...

    Sat, 01/05/2013 - 20:49 | 3126174 Banksters
    Banksters's picture

    The game is over.    That is why the fuckers at the unfederal reserve and the white house NEVER offer ABSOLUTE equations for the type of growth that will get us out of this mess.

    The only solution is revolution, along with a big dash of FUCK YOU I'M NOT PAYING THE BILL FOR LYING COCKSUCKING POLITICIANS.

     

    Sat, 01/05/2013 - 21:16 | 3126212 Professor Fate
    Professor Fate's picture

    No Big Deal!  That's only 70 new Trillion Dollar Platinum coins with a picture of Obama on one side and Michelle's butt on the other.  Everything's under control. 

    "Push the Button, Max"

    Fate the Magnificent 

    Sat, 01/05/2013 - 22:50 | 3126358 Dr. Sandi
    Dr. Sandi's picture

    Professor, I saw your fine movie about a month ago. It cracked me up when you froze half of your moustache off on the iceberg.

    Too bad about Natalie Wood. She was beautiful when she was around you.

    Sun, 01/06/2013 - 01:39 | 3126595 francis_sawyer
    francis_sawyer's picture

    There was a graph on ZH the other day that proved, without a doubt, that there has not been enough platinum mined in all of humanity that could possibly contain Chewbacca's keister on it...

    Sun, 01/06/2013 - 01:53 | 3126609 Ralph Spoilsport
    Ralph Spoilsport's picture

    "Barry, does this coin make my ass look fat?"

    "Damn girl, your butt blocks out the sun! We gotta get your ass its own zip code."

    Sun, 01/06/2013 - 12:02 | 3126992 GMadScientist
    GMadScientist's picture

    "Now....woman....I see...I see what you're....tryin' ta do here..."

    She had back for days...I could put a week on it.

    Sun, 01/06/2013 - 09:39 | 3126816 Winston Churchill
    Winston Churchill's picture

    How do you stamp a coin big enough to display Michelles ass

     if you keep the same scale as Oldbongwaters profile ?

    Sat, 01/05/2013 - 20:47 | 3126171 Stoploss
    Stoploss's picture

    selling consumer products to the US.

    LOL!! Guess what, were not buying anymore! Good luck with that..

    Sat, 01/05/2013 - 20:54 | 3126182 HurricaneSeason
    HurricaneSeason's picture

    Has anybody picked $20 trillion yet?  That's my number. As far as the official number, anyway. I'm not including derivatives and bank fraud and unfunded pensions and healthcare at the blowup. I think at $20 trillion we have interest rates double from loss of the reserve currency due mostly to our politicians being on television.

    Sat, 01/05/2013 - 20:59 | 3126185 no2foreclosures
    no2foreclosures's picture

    $20 Trillion or WW3, whichever arrives first.

    Sat, 01/05/2013 - 21:07 | 3126188 fonzannoon
    fonzannoon's picture

    i pick temporary US default followed by downgrade followed by retroactive non default followed by executive order eliminating debt ceiling followed by members of congress tried for treason for allowing the US to "not pay it's bills". (and found not guilty)

    Sat, 01/05/2013 - 23:50 | 3126436 ZeroAvatar
    ZeroAvatar's picture

    No, but I still have June 1st in the 'Begin the Conscription' pool.

    Sat, 01/05/2013 - 21:02 | 3126190 Trader Joe
    Trader Joe's picture

    That article is a POS.

    Bunch of cut and pasted nonsense.

    Jesus, get some editorial control over this blog-O-site

    Lots of great content here (e.g., Nanex stuff) but this is pure garbage

    Sat, 01/05/2013 - 21:23 | 3126225 Bluntly Put
    Bluntly Put's picture

    I don't know, its basic. I link up ZH a lot in other forums, news, stats etc. A lot of those people are clueless, maybe some of them will wander through once in a while, read an article like this and grasp something at their level which wakes them up.

    Sat, 01/05/2013 - 21:04 | 3126198 Whiner
    Whiner's picture

    Debt bomb fuse ignited. 3-2-1- was that the 3 minute fuse or the 20 you rigged? "I'm sure it was the 29." (Coach-swoosh beer top pull). Lets watch and see.

    Do NOT follow this link or you will be banned from the site!