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How Pennsylvania Is Selling Residency To Chinese "Investors" For $500k Each
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
A major theme here at Liberty Blitzkrieg over the past year has been the creative ways in which corrupt Chinese oligarchs and government officials are maneuvering their way into the United States. To be clear, I am not anti-immigration by any stretch of the imagination. My mother was an immigrant. This is about being against corrupt and morally compromised individuals being welcomed here with open arms just because they have cash. We have enough domestic criminal oligarchs as it stands. These people have collectively captured the American political and economic system and control it to their own ends. Do we really need to import more of these types from abroad?
Did you know that there exists a federal Immigrant Investor Program that grants “EB-5″ immigration visas to foreigners who provide at least $500,000 to U.S. projects that create 10 or more American jobs? I wasn’t familiar with this, but apparently the good folks at the Pennsylvania Turnpike Commission are well aware of it, and are using it to raise $200 million.
Here’s what I’d like to know. Who are these investors and who vets them? It is a known fact that corrupt Chinese officials and businessmen are scrambling to get themselves and their money out of their homeland as the government cracks down on corruption. How many of them are going to use this program to get into the U.S., and what will be the long-term impact to our society? Important questions that must be asked, but most likely aren’t being taken seriously.
From Philly.com:
Chinese investors have begun signing up to spend $500,000 each to help pay for a long-awaited connection between the Pennsylvania Turnpike and I-95.
In exchange, the investors hope to get permanent residency in the United States for themselves and their families.
The heavily indebted Turnpike Commission is borrowing the $200 million from foreign investors under the federal Immigrant Investor Program that grants “EB-5″ immigration visas to foreigners who provide at least $500,000 to U.S. projects that create 10 or more American jobs.
The foreign investors and their families will get a quick path to legal residence in the United States, though they may lose money on their investment.
The brokers and lawyers will collect millions in commissions and fees, with each of the 400 investors paying $50,000 to the dealmakers and $15,000 to the lawyers.
At least someone’s getting paid.
The first $50 million installment from the foreign investors is due to be paid to the Turnpike Commission by April.
The Berwyn company created to make the deal, the Delaware Valley Regional Center, expects to meet that deadline, said Joseph P. Manheim, its managing director.
“It is going as we had planned,” he said. “We are on track.”
The deal was suggested to turnpike officials by Turnpike Commissioner Pasquale T. “Pat” Deon Sr., a Bucks County restaurateur, beer distributor, and Republican power broker. Deon, who also is chairman of the board of SEPTA, saw SEPTA make a similar deal to borrow $175 million to pay for its smart-card fare-payment system in 2011.
Similar EB-5 foreign-investor deals have provided funding for the Convention Center, the Temple University Health System, and the Comcast Center.
The turnpike deal was created by Manheim and other officials of the Swarthmore Group, a Philadelphia investment-management firm headed by James E. Nevels, a prominent Republican donor and fund-raiser.
As I mentioned at the top, this has been a theme on the site all year. Check out these previous posts on the topic:
Chinese Purchases of U.S. Real Estate Jump 72% as The Bank of China Facilitates Money Laundering
Zillow Opens the Floodgates to Chinese Buyers in Order to Keep Housing Bubble 2.0 Inflated
Corrupt Chinese Politicians are Buying Billions in U.S. Real Estate
Here’s the best part. You ready for this one…
Nevels is chairman of the board of the Federal Reserve Bank of Philadelphia and was the first chairman of the Philadelphia School Reform Commission, appointed by Republican Gov. Mark Schweiker. Nevels is also a former president of the Pennsylvania Society, the organization best known for its annual Manhattan gathering of Pennsylvania politicians, lobbyists, and business people.
Naturally, a member of the Federal Reserve System would be somehow involved in this scheme. When bankers run into trouble, these clowns don’t waste any time in coming up with trillions in backstops and bailouts. However, when American plebs need a highway, we have no choice but to get on our knees and grovel to the Chinese.
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Maybe that why its Gona get nuke according to cuccifier
We bilked some folks
Bilkistan!
As a southeastern PA resident I'd just like to point out that I-95 and the PA turnpike already run right over top of eachother. The PA Turnpike is on top of a bridge and I-95 runs under the bridge. Install a couple of on/off ramps and it's done. Been that way for decades.
This has nothing to do with "needing money" for some collosal project and everything to do with payola. "Selling residency" is absolutely the right way to describe this fiasco.
+1 NoDebt. Former NE Philly.
Next we will be selling our National Parks.....
Joseph P. Manheim.
Sounds like a nice irish boy.
Fry EAGLES Fry! On the road to wictory!
God Bless America. Land of opportunity.
Come on guys, if you're so bright, and so sharp, why can't we double up with a hyperinflation scene (which is too many dollar outside the country of origin) now returning home to compete with the middle class, or now even the upper classes, and finnaly admit that, it was not a good idea to send those jobs overseas, huh? And there is no cure for ignorance in this case. Mistakes were made, the middle class paid, and the short memorys just moved on to the lastest insanity.
"what will be the long-term impact to our society"
Of course America has never had any mobsters, gangsters, banksters or any other type of criminal and everything is so transparent there is no corruption.
Just ignore the fact there are more people incarcerated than anywhere else.
So, if they're all guilty then by averages the impact will be to increase the number of law abiding people.
I agree. Just legalized bribery to enter and stay in the US.
???
"Don't want US lesidency. Must pay too much ta!!!"
How does that fit in with everything?
?
I suppose that paying too much tax is better than firing squad.
Or perhaps I should have taken more time to frame the question.
Or perhaps Chinese Oligarchs have already figured out how to avoid paying tax even with US residency.
Enlightenment will be welcomed.
Everything in the state was for sale in the last few years. Luckily, the people didn't let them sell it all off.
How does this make any sense when Obama is about to give legal residency to millions.
Wang, Chang and Tang need to change thier names to Rodriguez, Gonzales and Gomez and they get Barry's green cards for FREE !
Chinese know the game. They have hotels in California where they can go on visitor's visas and squirt out their spawn which hit the floor as US Citizens....
Is Tang the Yellow Peril that we were warned about?
Guess the residents of PA can now get down on their knees and slurp on Tang.
I would rather see corrupt Chinese flooding America than all this shit from Latin America, the Middle East and Africa.
Chinese are not corrupted by Zionist pop culture and know how to work hard.
Well if you do for the one, you have to do it for the others, remember.
We attracted investment from some folks
some folks is elitespeak for sheep. Substitute sheep for whenever you hear that and it makes sense. They got some good marketing for sure folks.
Cheap, New Zealand wants at least 3 Million if you are over 55 years old. You have to keep it in the bank or invest in New Zealand or create jobs with it. You can't spend it on yourself or send it back out of the country.
yes, but this is the US not New Zeland ... mr. Market again decides ... that man
Does it really matter? America is done as a country already. 18 Trillion and counting. The rest of the World is starting to realize we ain't never paying it back.
me thinks you will likely pay it back, the dollar might lose a lot of value in the process though.
So tell me again why China wants to keep buying up American real estate when we want new military bases in Vietnam, the Philippines, Indonesia and nuclear ballistic missile subs and cruisers in their territorial waters attempting to pick a fight?...
China doesn't, but individual Chinese do. Why? Well, because they know something about China that they aren't telling you.
What could that be?
Because the Chinese that are coming to America fear a purge from the new faction in control of the CCP. They feel safer in the Untied States than they do in China since Xi Jinping announced his "economic reforms."
China sends artists to the countryside in Mao-style cultural campaign
"China will send artists, film-makers, and TV personnel to live among the masses in rural areas in order to “form a correct view of art”, state media have said. The move is the latest by the ruling Communist party to echo the Mao Zedong era, during which intellectuals and others were “sent down” to labour among peasants in the countryside."
http://www.theguardian.com/world/2014/dec/02/china-artists-masses-mao-st...
I wonder of they’ll get free copies of Mao’s little red Book ?
perhaps because they see corrupt banksters are not charged or executed in the US??
More kids with Ferraris?
Growth industry.
Tuff luck chino. We are only accepting applications from future welfare Democrats.
"Let's GAMBOL Amellican!
Hell, just look at the lists of political donors, this shit has been going on in DC for years. (buying 2-legged property though)
On the bright side, Corbett has been voted out
On the not so bright side, he's merely being replaced by a Wolf in donkey clothing
And wolf is member of Tribe. That guy is no good. Liar. Shitty businessman. Lowlife employees. Word is no good. And yet the Dummies in PA fell right into that trap.
I live just south in DE but my GOD I was inundated with fucking Wolf and his damned wrangler every time I was stupid enough to turn on the tv. First time I ever felt bad for PA residents.
Twas I who gave South Philly a black eye.
And Cleveland is a city in Egypt.
America has been for sale for quite some time now.
This is why there is a FED, there were bailouts, and no bankers are going to jail.
Back in the day those who captured slaves, owned slave ships, sold slaves, and worked them - were condoned and even supported.
This is why America is for sale, because its citizens are for sale.
Welcome to the debt serfdom plantation fellow slaves.
Speak Chinese yet?
Yea, but I can't speak it the same way twice.
Good. Buy into our latest bubble. These people are going to get fucked.
This is a very old program and was very popular on the west coast.
At this point, I am debating putting my citizenship up on ebay....if I can get 500k, I'm sure I can go find another nice, quiet corner of the world to hang out....these fucks will be selling them for 5k soon
I'll take relocation costs.
That's the Greencard through marriage program.
So how many of these Chinese investors are there? And what if they are corrupt? Does anyone in China get rich by being a good Boy Scout? Frankly, I'm a lot more worried about hordes of ignoramuses, with anti-American views, coming in than a few Chinese investors.
It is easier to start a company and get rich in China than it is in America. Study hard, get good grades, work, save, and become rich. It pays off in China. Americans with their failed economy don't want to admit it, so they try to badmouth anybody who is not failing.
Also, they get their news from the captive press and not from first hand experience in China.
oh please/ shut up
Visa-for-investment program funnels $77 million into Hunters Point, $96 million more soughthttp://www.bizjournals.com/sanfrancisco/blog/2013/11/china-eb5-lennar-ur...
You have to ask why, in a world flooded with money chasing return, in a market as hot as San Francisco, Lennar has to do this raise money for the development of the former navy shipyarrd.
Lennar has tribal roots, Solomon Bros marriage, cross breeding and all that.
$500k buys alot of influence
.
what is the 10 jobs part mean like, for 60 days
29 hours per week
This shit is being pulled in every western country. Significant investor visas that are just a few million laid down for residency and the fast track to citizenship.
If they can be bought, my question is why can't they be sold? I'm happy to put mine up for auction.
Dominica sells citizenship for $100,000
Antigua and Barbuda sells for $200,000
St Kitts and Nevis :$250,000
Why do you chink that there are so many Chinese restaruants in US cities with all Chinese kitchen staff that doesn't speak English ? How do you think those guys got here? They didn't walk across the Rio Grande. Ain't no Mexican workers in a Chinese restaurants.
Then you've never been to a Chinese restaurant in California.
Most workers at Chinese restaurants are Mexican in New York. Some of them have even risen to the point where they are able to influence the menu, resulting in the dreaded "Chexican" restaurant hybrid common in NYC.
Are you sure you know how to tell the difference between Chinese and Mexicans...??
... and here comes the daily Dim Sum smackdown in PMs.
We're all going to buy citizenship, then we're going to vote the Communist Party into power, set up a universal single-payer health system, take away your guns and ban NFL, baseball and other weird sports that only Americans and Japanese play.
But we'll keep Zerohedge becuase it's so funny. Hahahahahaa
???????
Why do I find this so disturbingly odd? The Chinese coolies worked on the Transcontinental Railroad and built levees in California as essentially slave labor. And now we are charging them $500K to build turnpikes in exchange for a plot of land.
Standard Disclaimer: Nail guns are becoming passe. I'm envisioning death by railway spike.
To me, this reads like a textbook example from The Art of War. You hollow your enemy from the inside out - never having to fire a shot. Please don't tell me however, that all of these Chinese are spiriting their money out the mainland because they fear confiscation. Most of these people are here for a reason, and their loyalties lie with their Mandarin overlords. These are crafty Chinese, not politically-correct round-eyes. Igor Panarin is looking more right than ever as the days pass.
the inscrutable asian rises again, eh? they think eurowhite boys are dumbass fools so i guess it is equal. lol
If these Chinese are spiriting their money out the mainland because they fear confiscation, then their loyalties likely do not lie with their Mandarin overlords.
Maybe we need more of these former communists to save us from the raising communists here in the White House and Ferguson.
"Wed, 12/03/2014 - 00:22 | 5511553 Consuelo"
WELL SAID, sir. You are absolutely correct.
Israel has been providing China US technology secrets (Patriot missile systems, jet engines, etc.). This has been going on for decades, yet the US is unable to prevent it due to Jewish political control on Capitol Hill.
One way to cover up inflation is to import cheap labor. If we didn't have 20-30 million undocumented workers in the US, labor prices would be much higher. Obama's brand of immigration reform is the likely the Feds doing. We mustn't have that cost of living index creeping higher with all these folks on SS.
As for the chinese, well they know history, and they know why it's important to have a plan B.
???
ni hao ma ....i welcome my new chinese overlords
hong kong wife means i already have chinese overlord...
chinese women are fun to date but hell to marry! lol
I agree....never marry with a chinese woman. Their mouth never stops.
Many Americans want to marry Japanese but end up with a chinese by mistake and learn a lesson the hard way.
Yu sow funy
Funny how the sushi then tastes like chop suey.
I married a woman from Singapore to hedge against a take over from China. Setting up shop in SG now, working to have options in both USA and SG.
Chinese wife GOOD, Chinese mother-in-law BAD
welcome to chinese style colonization. if you are wondering how it works ask any country in pacific asia, except japan, how that works. lol!
america is the perfect whore for them, with a pussy big enough to fit 100mil chinese.
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Rip USA
Actually you get get a green card by lottery every year.....meaning no need to pay $500k.
The numbers depend according to each country but I heard Japan is one of the easiest. I've never tried it though.
Is it any worse than when PA was trying to sell off the turnpike to the Taliban, I mean Saudi Sovereign wealth fund?
Old news.. People were selling those 500k USD create couple jobs "investments" many years ago when I used to live in China.
Never heard about anyone moving to pensylvania, but it sure was a popular way to get a US visa for wealthy chinese.
If I was american I wouldnt complain about that tho, here in sweden we only allow warlords from syria, iraq, somalia into our country. The only contribution they do to society is social problems and a rise in crime rates! Oh yes we do have the worlds highest taxe rates as 50% of our GDP... but hey..like our former prime minister said: Open your hearts!
It's important to note that this applies to any non-resident seeking citizenship. I live and work in Vietnam, though I am from the states, and the Vietnamese are putting it to good use as well. And if it will go anywhere, infrastructure isn't the worst possible outcome. Most of the people I know who are doing it are investing in Casinos.
No surprise here, Pennsylvania government has been overrun by fascists and communist wannabes, so they are just welcoming their kin to the table.
The PA legislature has 253 politicians in its House and Senate!
"Do we really need to import more of these types from abroad?"
Yeah, whatever happened to the good old days when we used to make these types live under our cities and clean our dirty laundry or build our railroads? They worked their asses off in citizenless indentured servitude, frequently permanently maimed or died in the process, and they liked it, dammit! Those were the days.
this is old news
Green Card and US Citizenship has always been for sale for the rich people.
For $500k I'd move to China.
I welcome an increase in Chinese immigration. I hope they prosper and proliferate to an influencial percentage of the US population. Much needed to balance the demographics and devolution.
Naaaahh, within a generation they'll just be slanty-eyed Murkins preoccupied with clothing, gadgets, and the same demonic entertainment that keeps most of the rest of us from noticing those pretty golden shackles that are increasingly stylish these days.
Wouldn't it be just awful if China passed a 'facta' type law and made it retrospective, not now but in about 2 to 3 years time. Where would the immigrant be, Chinese by birth and an American citizen, which country would have the first call for tax, etc ?. What if lots of other countrys did the same, as it seems they all need money badly. Where would the gangsters go to escape the law, where would I go, I'm freaking out now, we are all doomed. aaaahhhhhhhhhhhh.
'retroactive' - careful with that spell checker 'agar.
Still, I agree with your point, and share your anxiety.
I recall when Billy the KID KILLER Clinton sent, over the objections of the Pentagon, super-computers to China so they could have their ICBMs make course corrections to hit US Mainland. Then the wholesale shipping of our jobs to China. Also China ships to US consumers RADIOACTIVE waste hidden in the products and you want to know what .gov does about that? NOTHING!
"We in China are very close to our parents and our families, but there is no trust in strangers,"
Wu Yilin, a pollster at Beijing's Renmin University of China
'After shocking incidents, Chinese struggle to instill kindness' November 4, 2011 L.A. Times
Diversity Is Our Destruction
Patrick J. Buchanan August 9, 2007
The Myth Of The 11 Million: Wall Street Analyst Estimates 21-25 Million Illegals Now In U.S.
Statement issued by the Anti-Defamation League of B'nai B'rith: Barry Curtiss-Lusher, ADL National Chair, and Abraham H. Foxman, ADL National Director:ADL Welcomes President's Executive Action on Immigration
Hollywood and Beverly Hills Loves China and China Loves America Too
http://newworldorderg20.wordpress.com/2014/12/03/heinz-opens-baby-cereal-factory-in-china-its-largest-in-the-world/
http://newworldorderg20.wordpress.com/2014/12/03/hollywood-loves-chinese-cash-and-doesnt-mind-chinese-scensorship/
http://newworldorderg20.wordpress.com/2014/12/01/chinas-largest-cinema-chain-puts-hq-in-beverly-hills-swimming-pools-movie-stars/
http://newworldorderg20.wordpress.com/2014/11/23/chinas-j-31fc-31-is-junk-yet-u-s-claims-they-need-to-spend-more-tax-payer-cash-against-it/
and more....http://newworldorderg20.wordpress.com
At least Bruce Wild's relentless blog ads put the figleaf up over the paperhanging. He re-posts old reposts of misspelled post snippets. You just throw a headline up, and get to business.
Nice to see the Tylers spreading their legs like this.
Rather than import impoverished slave labor from Mehico; some of whom the FDA suspects as being drug cartel plants; its much better to import Chinese Oligarchs and their laundry mats.
It's the Economy, silly.
Now when the American middle class runs out of money we know who to rip off. Funniest thing some chinese fuck with $200k car got car totalled and was heard saying to the person that totalled them. "Don't call the pooice I ill just buy another car" and exited the scene when the person who caused accident insisted the police were coming.
haha not only rich but dumb to boot. These people will be the perfect fodder for the scam artists and outright theives..
I'm already building a database of these idiots and getting my gang together so we can have a jolly good old time with our new Chinese friends
</sarc>
Honestly NZ costs $3M - they are the pricey citizenship so someone has to come along with the low cost option and that clearly is the US. Do the math friends. 100M * 500k = .5T - chump change here. Not even a drop in the bucket of US debt.. But if they come with 10-20M each we now have 10-20T increase in net worth of US citizens. Sures way to improve America is to fill it with rich dumb chinese with lots of money.. And if you havn't noticed those young Chinese women dress for 'sex'..
Pennsylvania Commonwealth State civil servant crack heads would sell their children to make a dollar.
US has been shipping money (blood of the economy) to China over the last 30 years. Time for the small bit blood transfusion in US. Problem lies not so much with the donors but with who get the blood...not likely to be the 90%.
The EB-5 program is pretty old news... this has been going on for awhile and not just in Pennsylvania.