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Is This China's Scariest Chart?
As China's shift to a consumer economy progresses based on the urbanization of its agrarian 'poor' population, an odd thing is happening at the other end of the demographic wealth spectrum. As WSJ reports, nearly half of wealthy Chinese are planning to move to another country within the next five years, according to a new Barclays survey. The top reasons 47% of these individuals - with net worths over $1.5 billion - cite for fleeing China include educational and employment opportunities, economic security, and climate. Ironically, none mentioned 'running away from potential prosecution for graft'.
Nearly half of wealthy Chinese are planning to move to another country within the next five years, according to a new Barclays survey.
The survey, which questioned more than 2,000 high net-worth individuals with more than $1.5 billion in total net worth, found that 47% of Chinese respondents said they want to move, compared with a global average of 29%.
...
Singaporeans were the second-most eager to flee home, with 23% planning to relocate in five years, followed by 20% for the U.K. and 16% for Hong Kong. Indian and American rich are the least likely to move, with only 5% and 6% of respondents saying they would relocate.
The top reasons Chinese cite for moving abroad are better educational and employment opportunities for children (78%), economic security and desirable climate (73%), and better health care and social services (18%). Hong Kong is their top destination (30%), followed by Canada (23%).
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If the richest - and therefore 'smartest' if we are to believe the two are eqauted - are looking for leave China in such numbers, then why are US investors being piled in? And what do these wealthy people know that the urbanizers do not? For China's planners, the scent of capital flight is the scariest of all signals when trying to control a populace facing a real estate collapse and credit crisis (having been promised utopia)... that is why this is the scariest chart for China.
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It appears that not only is the domestic exodus beginniong but the foreign investment is collapsing.
- *CHINA'S AUG. FDI FALLS 14.0% FROM YEAR EARLIER (vs +0.8% YoY Exp.!)
This si the worst consecutive monthly FDI plunge since the crisis...
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Ya kno.... Lots a Chinee working in Africa....
Lot's of nice places in Africa; Nairobi at
6000 feet has 70F all year round; Best weather on
earth, there are gated community's to die for;
In Africa a man could BUILD a 'galts gulch' just
about anywhere he wishes get CHEAP security with GUNS included, and never worry; Just live as you wish.
I could see a lot of "GALTS GULCHS" sprouting UP
all over Africa catering to RICH USA&CHINESE EX-PATS that are fed up with a NANNY-FASCIST telling them where to shit, sleep, eat, and who to fuck.
Obviously they're not moving for smaller government or freedom.
"Anarchism is Communalism in its purest form" - Emma Goldman, 1914
lol. true somehow. a bit abusive in the word itself , but funny. this is like a caricatural way of the worst part of communalism. fortunatly all ain't that bad.
They better have anti-aircraft and anti-missile batteries. Those people are living off our money and on our land. Damn terrorists.
my roomate's sister-in-law makes $72 hourly on the laptop . She has been out of a job for 6 months but last month her payment was $18482 just working on the laptop for a few hours. use this link... www.payvalt.com
All of the old 'Empire'.... So very interesting. Long live the ...uhhh..
I think MORE people are running away from the USA for the same reason;
These control freak Fascist country's like USA & CHINA are broke; and the cannot fund their GUBMINT NAZI-COP pension funds. So they will have to 'hair-cut' all the "RICH" to fund the Fascist (GOV-CORP) system.
Thus the 'RICH' in USA&CHINA see the writing on the fucking wall and they're heading in mass to 'FREE COUNTRYS', take a walk in Hong-KONG you can hardly walk its so crowded with RICH.
Doc is the best still of course (see below.). I'm really shcoked that 20% of Britons want out. I think we only have 4% of Americans actually have any money so that's why that number is so low.
I just hate the fascism that America has become...and yes, I cannot afford to leave. All I have is an I-phone and "bitches, gripes and complaints." I don't just hate everybody...I hate YOU too!
Although I have special scorn for immigrants. I love them...but don't tell me you came for the "opportunity and freedom." I mean seriously...we're the worst. And yes I do think the cheerleaders should be paid more than the actual football players. That's true with everything else in the USA.
"Everyone else just talks a good game." I do like John Gruden though. He's my kinda wacko. "He has a crazy idea for winning." He IS the crazy idea of winning actually.
They can all read the handwriting on the wall. The problem is we live on a prison planet. There is no escape.
Recurring theme here on ZH for years; The title of ZH should really be "How I learned to love living on the Titantic while it SANK"
1.) Prison PLANET; ( NO, this is bullshit, lots of nice places to live )
2.) NO ESCAPE; ( Again bullshit, get off your ass and go; hell even if you are poor you can get to Mexico and move ahead in your life )
There are no fascists in Mexico..... Lol
In Mexico you can find a quiet place and live off the land; act and live and become a local; Far enough off the grid you will never see a cop or a CAM;
Where in the fucking hell in USA can a man live off the land? It's largely NOT possible because the USA is either desert, or too fucking cold; and only has a short growing season;
Fascist's in Mexico is largely an URBAN issue; you get deep off the GRID; and live is quite sweet and simple; If locals can live off the land, so can you.
Chihuahua, for example. The best and REAL Mexican food I had (compared to the peasant expat slop in the US that passes for "Mexican"), and some of the best steaks ever.
Mexico would not be on my list, as I prefer other places in Lat. Am., but I can see how it IS possible to find the right places -- far away from the drug and crime lords. If you want to "hide" or keep a low profile.
p.s. From corporate visits, I noticed that there are two Mexicos: The more gentrified version that's mostly represented by Mexicans of Spanish descent (with finer facial features and sophistication in culture and manners), who are most of the upper tiers of wealth and power, and those of predominantly Indigenous descent (with noticable Indian features) who are the lower and middle socio-economic classes. The upper crust discriminates far more than we do in the US, but it is not PC to talk about ANY other race or culture being chauvanistic or racsist. / In 'Merica, only Whites are rayciss, and must be shamed for it. /sarc
I think what initiated this thread was 'escape' on a budget for the poor; If you got $$$ then hell yes the world is your OYSTER;
Kirk, can you agree with me that the ENTIRE world is not a fucking 'police state' like the USA?
Yes, Places like Chihuahua far from the grid, down a long dirt road, in some quiet little place, Enjoy you life.
I agree that if you have MONEY Lat-Am is very nice, one has to travel for years to find the shoe that fits.
My main point today is the mantra that ..
1.) everywhere is like the USA ( no its fucking NOT )
2.) you cannot leave the USA ( yes you can )
1.) Prison PLANET; ( NO, this is bullshit, lots of nice places to live )
--> until it is known and the hype makes the place a mother fucking garbage coz fucking tourism waste the place.
2.) NO ESCAPE; ( Again bullshit, get off your ass and go; hell even if you are poor you can get to Mexico and move ahead in your life )
--> try to travell without any passport & any money, try to let a country 's door open "just because of you "
you are halucinating shit hard man, seriously, you need to unplug.
the whole sphere is a cellblock, and ppl are turning from jail to jail like musical chairs.
Ain't that right.They spend decades lying and stealing, and their escape plan is New Zealand? Fucking New Zealand? Welcome to the prison planet. Go Long interstellar lifeboats.
The prison is you own mind.
And the inability of my cell phone to actually make me look smarter than I in fact am. THINK FOR ME BETTER I-DEVICE! I DEMAND BETTER MIND READING!
(And seriously...why am I plugging my i-phone in to charge it? You've got 100 billion in cash. Build a phone that POWERS things...not the other way around. That's why EYE want to be President!)
It warms my heart that so many corrupt self serving communists have seen the light and become self serving corrupt capitalists.
We welcome you all with open arms.
30 years ago CHINA was wild-west CAPITALISM
The reason that so many CHINESE can find a better life is that for more than a generation now the CHINESE have enjoyed real capitalism;
The USA is broke, and NOT MANY can flee because CAPITALISM in the USA never really existed. IMHO
Ok, maybe back PRE-CIVIL war, ... in USA
Now Richard; it's for your own good. We know what's best for you ... we just do.
Seriously, we plan on relieving these fleeing officials, as you call them, of as much of their hard-earned loot as we can. Legally, of course. Canada slammed the door on 'em ... more for the rest of us.
Bring 'em on over. Give us your nouveau, your riche, your cash-rich courtiers yearning to be flee...ing.
Vancouver house prices about to get even moar bubbler.
Chinese citizenism on its way to blob up.
They know that the hope lies in blobbing up to achieve the critical mass in order to maintain coercion efficiency.
Chineses learned from 'americans' that blobbing up is not a luxury but a necessity.
Their known solution to get protected from the explosion of the expansion ponzi going out of breath: blobbing up.
They have no other.
47% for china & 6% for USA
That shows you right there; At least a large percentage of chinese have the means and knowledge to jump ship;
The majority in the USA; don't have a fucking clue; are too much in debt or broke to bail;
20% in LONDON is telling, but remember UK is +15 years ahead of the USA in terms of HUMAN moral decay and collapse; IN UK even the TV cannot hide the ugly truth;
Interesting what's missed here is where to go; :) But that is always best kept secret, as the secret to GALTS-GULCH happiness is living in a place that doesn't have other EX-PAT assholes around to FUCK IT up for you.
I agree with Dr. Engali, that we all live in a prison planet. I would go even further though and say as I have since a youngster that we are all trapped within the confines of God (metaphorically speaking) and as such should be grateful that we were not born into a Godless universe as a bacterium on the shell of a cold film. Here today. Gone tomorrow.
The BEST COP the POLICE ever invented is the COP in your own MIND; Brave New World, or 1984
A frequenly asked question is what principal does ZH stand for? Its shown right here by the leaders of ZH; LIKE Dr-Engali,and Q99x2 long time, never banned or deleted; 100# pure ZH Unicorns;
They tell you that there is no place to go; that you just stay put and wait to die.
I say BULLShIT to this advice, get off your lazy ass and travel and see the world; and you will see there are many a FINE place; NOBODY on earth is like the USA, because the USA can PRINT FIAT TO INFINITY for FREE; the COP in USA have INFINITE technology and are god's; Go to any 3rd world country and the local cop's are NOTHING to fear; ...
PRISON PLANET is the USA; To those GIMPS that choose to stay in live there; and YES, HELL YES the walls around the USA are to KEEP YOU ALL INSIDE.
USA began as a PENAL COLONY and the USA returns to be a PENAL COLONY.
Having not just "traveled" to other places, but either studied or worked in other countries, I agree with Richard Feynman ("Surely you're joking, Mr. Feynman"*), that there are lots of good places to live in, in the world.
But you obviously have to stretch your attitude, brain and cultural preferences beyond your own set of well-ingrained habits, fears and expectations. If you can't or won't -- that's FINE -- then one just shouldn't have a snotty, high-ground of looking down at other places in the world.
FWIW, although I've lived a large part of my life in the US, I do not intend to retire here. The sum total of the Ups do not outweigh the sum total of the Downs -- in My case. But to each his own. Having said that. I also would not be surprised if this does not happen -- as I've done things that I was certain I would not, and not done things that I thought I would. Apparently, life gets is complicated than the over-simplified models they teach in church, school or blog sites. ;-)
* A book of this title, referring to the 1965 Nobel Prize Winner in Physics, Prof. Richard Feynman.
I left USA when O-negro got elected and came to Philippines!!
Life is soooo much easier, stress free, nobody wants to arrest, shoot or fleece you (police).
Beautiful 2 bdrm, 2 bath, living-dining room, huge balconey garden, full wester kitchen-$230 month
food for four per month- $150
electric monthly- $75
LPG monthly- $15
doctors visit (ModernDoctor)-- $10
dentist-2 teeth pulled, cleaning & pain killers- $32
unlimited beautiful, friendly & willing 20-28 yr olds--free (except for dinner at Jollibee)-$5
gorgeous topography, beaches, mountains
cheap travel
80% Catholic
FUCK USA AND THE DIMINISHING FREEDOM, CULTURE & HIGH COST OF LIVING.
retirement in America in the next 5-15 years will require $500,000- $ 1,000,000
Just Get the Balls to Realize that there are many Alternatives!
Did I mention that in Asian culture, older men are considered much more attractive than young fools?
Tell that to Joe Adams the Australian yacht designer, who lived there for years and died of a slashed throat, died because he was suing some cheating realestate shit for return of money, life is very cheap there,
Lead Story on Drudge:
ISIS on the Border
http://www.nytimes.com/2014/09/16/us/us-pushes-back-against-warnings-tha...
The boogie man is coming to get you..... Be afraid. Very afraid.
Watch FERGUSON very closely; All USA URBAN BLACK YOUTH TO be CALLED "ISIS"
Soon the STL elite will be calling the young blacks of Ferguson out as ISIS members;
The #1 enemy of the OBAMA administration is the young black man; and the time is now for their culling and it will come by the way of ISIS; that they will all be declared members of ISIS.
http://www.blackagendareport.com/node/14414
Maybe the wealthy Chinese are planning to leave because they know what the Chinese people are capable of doing with their exploiters when they get angry and desprate.
And have done twice within living memory.
Nah, its more cut and dry than that. Conquer through reproduction. Bring the wealthiest into the country that you want to conquer and out breed them. Take over the infrastructure that the host country is letting go to waste. Simple. Been happening for millenia cant see why its any different now.
China's huge diaspora has been an asset, indeed, for at least hundreds of years. But that is certainly not WHY so many wealthy Chinese are planning to leave, whatever they say. There has to be a big fear factor to get numbers like that.
And there can be little doubt that China is a powder keg, or that the US is positioning to be able to set it off.
Like the Rothschilds smuggling Lenin into Russia, they would have cause to regret it. If that is any of us survived the breakdown of BRICS and the attempt to dismember Russia that would probably follow.
Actually what worries me most is that the US will use China's unfolding financial disaster to trigger a Color Revolution, which whether it gets out of control or not will knock China out of the BRICS alliance or at least cripple its leadership, leaving Russia facing the US and NATO alone and setting the stage for WW III.
The best hope I see is a new "revolution from the top" that sweeps away the kleptocrats and makes the super-rich eat the collapse of the credit market.
Whichever way it falls it will be very dangerous for the rich and powerful.
Shit, I hope they don't move near me. Not b/c I don't like Chinese or Singaporeans 'cause I don't mind them at all ... except they pay cash for stuff [like $750k houses] and that forces prices unrealistically higher for us local folks.
The reasons are interesting in the article. I have to agree their health system is pretty good there and 1/20th [or less] of what it is here in the USA. I'm not sure about the education but I have to agree running away from the nasty pollution there is important.
The Chinese aren't the ones forcing the prices higher...we are. "We want that money worthless in America so we can continue in our long tradition of never cutting a sucker an even break."
The only thing We the People have gotten good at is stealing. I can't even listen to rap music any more. "Fight the Power" and all that shit. What a total crock.
O my fuck..the prop I see on this site makes me swear to christ ZH was created by the bad guys just to gather the remaining paranoid fucktards that were left on the webs.. and goddammit if it aint workin. Again..the bad guys control the 'good side' and the 'opposition'..
Fuckin fools
I hear you; The most common paradigm on ZH these days is ...
"Just stay in your house, and wait for FEMA to come and collect your physical body"; "Resistance is futile the entire world is the same, there is no where to go".
People with MONEY and means are fleeing the USA; Anywhere on earth is better than living in a NAZI PRISON COLONY.
An illustration: Within the last few years, the population of Prince Edward Island (a province of Canada) has become about 5% Chinese, most of who came as wealthy immigrants. Several years ago, out of the about 140,000, only 1% was Chinese. Now there are about 7,000 Chinese, and Chinese has become the second most frequently spoken language. That trend is expected to continue, which means that places like Prince Edward Island suddenly have an entire new class of rich people landing on them at increasing rate. Of course, there is nothing that the local people who do not like that can do to stop it happening, since the Federal government of Canada controls immigration policy, and has been bending over backwards to accommodate Chinese, in every possible way. (E.g.: http://elizabethmaymp.ca/news/publications/press-releases/2014/09/12/har...)
It's interesting that everybody is trying to leave, but there's nowhere to go.
I think they are going to Sydney from the way the property market is exploding there.
http://www.afr.com/p/business/property/property_spruikers_signal_overhea...
It is called sector rotation. Rack in all the money by corruption and stealing from the lower class people. Then move overseas and become a second class citizen, and then got ripped off by the local governments and upper classes.
I'm gonna get my dual citizenship for an independent Scotland and call myself free. Sure I can't afford to make it there.
It's like the one thing I feel worth spending my last dollar on though.
I suppose I should be offended that neither Australia or Melbourne is mentioned but actually I'm relieved. All the Chinese moving and buying up here must be only multi-millionaires. The last thing I want to see are a swarm of billionaire predators from all parts of the world descending on my neighbourhood.
These charts are weird.
If the figures reflected "poor" people of the world, I would understand why they wanted to move to parts of the world which have better welfare systems (US & Europe).
But I can't understand why 23% of rich Singaporeans and 16% of rich Hong Kong people want to get out. Generally, they will not find another country that has lower taxes, better food, a more comfortable lifestyle and better access to where the economic action is going to be in the next 25-50 years. (this is often why people from the US/Europe want to go in the opposite direction). And given the disaster that is employment in the US & Europe, it cannot be for better job opportunities. "The West" is done for the foreseeable future. I would not wish to be a 20 year old Westerner today looking for a good career.
I suspect that it has a lot to do with getting out with their bag of swag (graft) while it's still possible. Or people in those countries have been watching too many Hollywood movies and have an unreal view of what life over here is becoming.
All parents want safety and security for their children and there exists the risk of taking children for ransom when affluent in a country with many people exisiting in subsistence levels and desperate for schemes to enhance their financial situation therefore its common sense to head for countries where there is the expectation for protection of their children by living in areas of high socio economic comfort!
... How come nobody wants to move to Russia? Why won't anybody put in the sales pitch to move to Russia?
Its always greener on the other side of the fence, no matter what side of the fence you are on, because you are the one ruining the lawn.
A lot of the wealthy Chinese, Singaporean and hk people have an ideal view of the west. Most of these people are not smart but rather well connected scheisters that have gamed the system and now fear the rule of law. Ironically they also cite the lack of rule of law (that protects them from prosecution to their graft) as the reason to immigrate. They move to western nations with hubris thinking they can game that system to all the while they are just small fishes in the mew pond here trusting asset managers on Wall Street (the sharks) and investing heavily in bonds (govt ponzi) while little knowing what is in stored for them.
For these nations they allow these to happen and in case of China fully endorse by the govt (morning radio in sz frequently trumpet immigration numbers like a sports score) to lessen inflation, encourage stealth colonization, rid of criminals, and knowingly with these ppl gone poetic justice for their exploitation comes through bail ins in western banking systems. With anti immigration sentiment ever growing these ppl may also end up in concentration camps.
Overall the reasons are ranked as 1. Escape graft prosecution 2. Brainwashed by Hollywood (colonial mentality) 3. Belief in that the current paradigm will continue to persist. 4. The working class emulating the rich to immigrate are waiting to see if they can get a piece of the social welfare. Work less get more free money (ebt, ei, Obama phone etc)
When reality does strike these ppl will be in the same shit or even worst than the average westerner as they are not and would not assimilate in their new countries. When shtf and they can't leave in fear of prosecution even though completely wiped out. That is when they realize they may have bet on the wrong horse.