This page has been archived and commenting is disabled.

The Advent Of Beijing Lebensraum: Chinese Tycoon Plans To Buy 0.3% Of Iceland

Tyler Durden's picture


Over the past decade China has been stuck in an inventory stockpiling and mercantilist process tolling mode, even as it has been posturing about expanding its middle class. Well, the Chinese empire may be finally hinting at what the "next steps" may be. FT reports that Chinese real estate tycoon and former Chinese Central Propaganda Department official Huang Nubo, has struck a deal to acquire 300 square kilometers of "wilderness in north-east Iceland where he plans to build an eco-tourism resort and golf course." That, at least, is the party line. Nobody however is buying it: "Opponents have questioned why such a large amount of land – equal to about 0.3 per cent of Iceland’s total area – is needed to build a hotel. They warned that the project could provide cover for China’s geopolitical interests in the Atlantic island nation and Nato member." And after securing a landing area equidistant from Europe and the US, China will next proceed to purchase bits and pieces of Greece, Spain, Ireland, Portugal, etc. After all, the nouveau-IMF piper ultimately always demands his price for keeping the western world ponzi alive and running for a few more months.

From FT:

The deal has been agreed with private landowners but must still be approved by the Icelandic government, which owns part of the land, which is known as Grímsstadir á Fjöllum.


Ögmundur Jónasson, the Icelandic interior minister, who would be responsible for the decision, signalled concern over the plan. “China has been very active in buying up land around the world so we need to be aware of the international ramifications,” he told the Financial Times.


In addition to its proximity to potential deepwater ports, the land also includes one of Iceland’s biggest glacial rivers.


Mr Huang, who previously worked at China’s Central Propaganda Department and the Ministry of Construction, has sought to reassure Icelanders over his intentions by pledging to renounce all rights to water running through the land.


People familiar with the deal said that Mr Huang had agreed to pay almost IKr1bn ($8.8m) for the land and planned to invest IKr10bn-IKr20bn in the tourism project.

More on Huang:

Mr Huang is ranked by Forbes as China’s 161st richest man, with a net worth of $890m. His company, Zhongkun Group, owns resorts and tourist facilities across China. He describes himself as a poet and adventurer, having climbed Mount Everest and reached the north and south poles.


People close to him say his interest in Iceland is motivated by his love of nature rather than geopolitics.

And on China's "close" ties with Iceland:

China last year agreed a $500m currency swap deal with Iceland which was widely viewed as a sign of Beijing’s desire to build links with Reykjavik. The two countries are already discussing co-operation on Arctic shipping as part of Beijing’s broader interest in the potential to ship goods to Europe and the US east coast across the North Pole as Arctic ice recedes.


The land that Mr Huang intends to buy is in the vicinity of a deepwater port, although the land itself does not include any coastline, according to a person familiar with the deal.

We are confident that imminent Chinese annexations of various Greek, and soon other, territorial interests in exchange for worthless pieces of paper, will also be predicated out of a love for nature.

And when that soundbite fails, there is always the trusty, and far more accurate, fallback: Lebensraum. 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 08/29/2011 - 17:07 | 1612943 Pool Shark
Pool Shark's picture

Why fight a war to gain a military toe-hold in the western hemisphere, when you can simply buy one at a substantial discount?

Mon, 08/29/2011 - 17:16 | 1613004 RSloane
RSloane's picture


Mon, 08/29/2011 - 17:23 | 1613044 bankrupt JPM bu...
bankrupt JPM buy silver's picture
Lebensraum, lol, fuck I love this site. Lebensraum!

Hitler loved

Mon, 08/29/2011 - 17:53 | 1613180 WestVillageIdiot
WestVillageIdiot's picture

Iceland today.  Detroit tomorrow. 

Mon, 08/29/2011 - 18:05 | 1613227 Fukushima Sam
Fukushima Sam's picture

You mean Boise...

"A Chinese national company is interested in developing a 10,000- to 30,000-acre technology zone for industry, retail centers and homes south of the Boise Airport.

Officials of the China National Machinery Industry Corp. have broached the idea — based on a concept popular in China today — to city and state leaders.

They are also interested in helping build and finance a fertilizer plant near American Falls, an idea company officials returned to Idaho this month to pursue."

Mon, 08/29/2011 - 18:39 | 1613302 falak pema
falak pema's picture

idaho the chinese eat potatoes, with their noodles?

Mon, 08/29/2011 - 19:03 | 1613347 Cathartes Aura
Cathartes Aura's picture

I'm sure they'll leave the GMO potatoes to those who like their "freedom fried" - I've read where the "zones" will be as self-contained cities, providing all services, including preferred foods, to their workers. . . really, they're just sending out a landing pod, y'know.

Mon, 08/29/2011 - 19:53 | 1613449 redcorona
redcorona's picture

Combined with plastic, potatoes make semi edible rice, even cheaper than real rice.

Mon, 08/29/2011 - 19:49 | 1613438 hivekiller
hivekiller's picture

They want to buy up their food and ship it home. Count on our politicians to sell us out and let them do it.

Tue, 08/30/2011 - 01:39 | 1614013 jonjon831983
jonjon831983's picture

Almost like how Global pension and hedge funds buy up farmland around the world, ie Africa?

Mon, 08/29/2011 - 20:28 | 1613524 cranky-old-geezer
cranky-old-geezer's picture



You mean Boise...

I expect local & state governments will sart selling large tracts of "public" land to the chinese government posing as entrepreneurs.  They have boatlods of US currency after all.

Selling public assets to foreigners.   Last gasps of a dying nation. 

Tue, 08/30/2011 - 05:40 | 1614138 Jack Sheet
Jack Sheet's picture

Isn't this what the Japanese were doing in the 80s? They must have left plenty  over.

Mon, 08/29/2011 - 17:56 | 1613190 chumbawamba
chumbawamba's picture

EGADS!  0.3%!  ZERO POINT THREE PERCENT!!!  That's like, um, a fraction of the country.  Less than one third of one percent, I think (my calculator is broken).  Where will all the Icelanders live?

- Chumblez.

Mon, 08/29/2011 - 23:29 | 1613885 Milestones
Milestones's picture

J.C.!!! there are several ranches out here in the west bigger than 300 Klicks.       Milestones

Tue, 08/30/2011 - 11:17 | 1614980 Turpentine Soul
Turpentine Soul's picture

T-Shirt idea:

"Der Fuhrer dreamed of Lebensraum, and all I got was this lousy living room."

Mon, 08/29/2011 - 17:39 | 1613133 onelight
onelight's picture

Ice Station Panda???


[ couldn't resist :) ]

Mon, 08/29/2011 - 20:26 | 1613521 He_Who Carried ...
He_Who Carried The Sun's picture

... after all, their new carriers need a place to cruise to and refuel.

Mon, 08/29/2011 - 17:04 | 1612946 dick cheneys ghost
dick cheneys ghost's picture

They want some of that "arctic" oil...........

Mon, 08/29/2011 - 17:04 | 1612948 Newsboy
Newsboy's picture

And why a shockwave on Virginia quake seismograph, instead of typical earthquake pattern. Who felt it?

Mon, 08/29/2011 - 19:40 | 1613420 Cathartes Aura
Cathartes Aura's picture

thanks for the link Newsboy, that's a great resource site - too many "anomalies" surrounding that "quake" as we move towards key "number" dates those quirky conspirators favour. . .

Mon, 08/29/2011 - 22:43 | 1613825 Newsboy
Newsboy's picture

I don't know how credible that is. It is intriguing, but how do you fact-check it? Somebody putup a shock wave graph. I'm trying to find anybody who has felt a few quakes, who felt this one, to comment on if it built up and faded off like a normal quake, or just hit like a shock wave. No luck yet.

Mon, 08/29/2011 - 23:59 | 1613915 TheDriver
TheDriver's picture

That author is delusional. His first two points are so insanely off-base that you can't take the rest of his post seriously.

Tue, 08/30/2011 - 15:16 | 1616106 Newsboy
Newsboy's picture

Did you feel the quake?

That's what I'm looking for.

Mon, 08/29/2011 - 17:04 | 1612949 tpberg7
tpberg7's picture

They seek a strategic foward base and this will make an excellent location!

Mon, 08/29/2011 - 17:22 | 1612951 reader2010
reader2010's picture

Those Chinese firmly believe another era of ultra-cheap oil is coming to gas stations near you.  I was planning to relocate to Iceland but I am not sure about my plan now. 

Mon, 08/29/2011 - 17:07 | 1612962 kaiten
kaiten's picture

Siberia next :)

Mon, 08/29/2011 - 17:09 | 1612966 LookingWithAmazement
LookingWithAmazement's picture

Iceland being saved. Finland drops demand for collatoral. Merkel has majority for the July 21 deal; besides, her coalition partners will not quit government, bacause they would be wiped out in the following elections. ECB will save banks. Greek banks merge and get funding from Qatar; Greek stock market skyrockets. More consumer spending and higher wages in the US. Gold and silver drop. All non-armageddon news and developments. Anyone plans for Christmas? I have. Let's look forward, all ends well. Boring world we live in.

Mon, 08/29/2011 - 17:12 | 1612976 falak pema
falak pema's picture

Your comments defy the look of mind boggling, wide eyed emotion one expects from your avatar!

Boring does NOT rhyme with Amazement...Just saying. Your xmas pudding better be well spiced.

Mon, 08/29/2011 - 17:28 | 1613067 LookingWithAmazement
LookingWithAmazement's picture

I'm amazed about all the doomprophets, while the news and develeopments day after day are totally non-armageddon. How many collapses have been predicted last few years? WW3 should have been broken out long time. We are still alive! And kicking as well!

Mon, 08/29/2011 - 17:36 | 1613116 wang (not verified)
Mon, 08/29/2011 - 17:44 | 1613149 LookingWithAmazement
LookingWithAmazement's picture

Finally, armageddon around the corner.

Mon, 08/29/2011 - 17:58 | 1613200 WestVillageIdiot
WestVillageIdiot's picture

I hope you remember to share your boundless optimism with all of the families that have had children sent home in body bags from Iraq and Afghanistan. 

Mon, 08/29/2011 - 18:44 | 1613311 Manthong
Manthong's picture

Every day is a blessing from God and a new opportunity for TEOTWAWKI.

Mon, 08/29/2011 - 18:50 | 1613324 LookingWithAmazement
LookingWithAmazement's picture

Every day the world changes a bit, it's always TEOTWAWKI.

Mon, 08/29/2011 - 22:15 | 1613758 cranky-old-geezer
cranky-old-geezer's picture



How many of those "children" voluntarily joined the military knowing we're in Iraq & Afghanistan?

You won't find much sympathy here on that subject.

Mon, 08/29/2011 - 20:07 | 1613439 Cathartes Aura
Cathartes Aura's picture

ahhh, 'tis that time again, get your micro-chip'd vaccine twofer!!

Mon, 08/29/2011 - 17:47 | 1613161 Ausperity
Ausperity's picture

I hope that you don't listen to all this doom nonsense, and are long treasuries, financials, and Netflix.


Next year we will still be kicking (and screaming) when we run out of can or road or both.


See you at Wal-Mart in 2012!

Mon, 08/29/2011 - 17:52 | 1613178 LookingWithAmazement
LookingWithAmazement's picture

So Wal-Mart will still exist in 2012. Sounds good. Why run for food then?

Mon, 08/29/2011 - 17:59 | 1613208 WestVillageIdiot
WestVillageIdiot's picture

Fuck that.  We will be meeting at Dollar General. 

Mon, 08/29/2011 - 18:27 | 1613278 LookingWithAmazement
LookingWithAmazement's picture

Dollar General apparently survived armageddon then.

Mon, 08/29/2011 - 17:11 | 1612967 Caviar Emptor
Caviar Emptor's picture

It ain't just China feeding off the carcass of the Western world: 


ATHENS, Greece -- Greece's second and third largest lenders, Eurobankand Alpha Bank (ALBKY.PK), on Monday announced plans to merge in order to better withstand the country's acute financial crisis.

The widely anticipated move would create Greece's biggest bank, and will see a euro500 million ($720 million) investment from a Qatari investment fund, Paramount Services Holding Ltd., officials from the two banks said.Paramount, the Qatari fund, has held a 4 percent stake in Alpha since 2008.

 Little is known about the fund, although an Alpha statement Monday described it as "a company representing the business interests of the most prominent family in Qatar."

Mon, 08/29/2011 - 17:15 | 1612997 Pool Shark
Pool Shark's picture

Merely ensures that the resulting mega-zombie bank will be far TBTF...

Mon, 08/29/2011 - 17:19 | 1613026 Caviar Emptor
Caviar Emptor's picture

They bought the stake for the debt slaves' collateral: land, businesses...

Mon, 08/29/2011 - 18:58 | 1613339 DosZap
DosZap's picture

FT reports that Chinese real estate tycoon and former Chinese Central Propaganda Department official Huang Nubo, has struck a deal to acquire 300 square kilometers of "wilderness in north-east Iceland where he plans to build an eco-tourism resort and golf course." >

Yup, would be the PERFECT size for a resort, housing a few hundred thousand troops, and military installations.

Who like GREEN STUFF,and Golf courses......................Hahahahahahahahahhahhahahahahahahahahahahahahahahhaha

Yep, we're IDIOTS.( Nice try Long Duc Dong)

Mon, 08/29/2011 - 20:09 | 1613478 Steroid
Steroid's picture

One of the perks are that some of the tourists can come by submarines.

Mon, 08/29/2011 - 20:11 | 1613485 Cathartes Aura
Cathartes Aura's picture

"globalisation" continues apace, as nationstates "consolidate" in plain view. . .

Mon, 08/29/2011 - 17:12 | 1612978 Ruffcut
Ruffcut's picture

Ponzi, loves company.

instead of work and save, the new motto is print and buy shit at a discount.

Wonder if US fed land is up for bids.

the old series "here comes the brides"

"No, you can't sell china, my mountain."

Mon, 08/29/2011 - 17:15 | 1612999 Caviar Emptor
Caviar Emptor's picture

You don't need to look real far. Chuppies have hit Manhattan. Big: 

WEALTHY buyers from mainland China, a rapidly expanding economy of 1.3 billion people, are increasingly turning to Manhattan for their luxury real estate purchases, brokers say.

Mon, 08/29/2011 - 17:27 | 1613059 PulauHantu29
PulauHantu29's picture

They will have to throw out all the Deadbeats who have not paid thier mortgage for over two years first. Good luck with that!

Mon, 08/29/2011 - 17:32 | 1613095 Caviar Emptor
Caviar Emptor's picture

With a fistfull of dollars that's not very hard

Mon, 08/29/2011 - 21:23 | 1613657 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

And "a few dollars more."  

Mon, 08/29/2011 - 18:02 | 1613216 WestVillageIdiot
WestVillageIdiot's picture

Oh god, I will have to listen to more, "we're saved" bullshit.  I have to get out of this fucking area.  Soon enough. 

Mon, 08/29/2011 - 19:30 | 1613401 bankruptcylawyer
bankruptcylawyer's picture

how , how! can you quote real estate advertising as a news source?

that's what the times real estate section is, i'm not just being a cynic. all it ever says is buy buy buy in manhattan , and if not there, somewhere close.

Mon, 08/29/2011 - 17:13 | 1612985 besnook
besnook's picture

although i hadn't thought of iceland.......i told you so. what better way for china to get influence than deploying it's three trillion dollars to buy it by back dooring bailouts with asset purchases. russia will step in next with similar strategies in the former union tied to energy....perhaps a gas pipeline extending from iran.

Mon, 08/29/2011 - 17:17 | 1613010 JW n FL
JW n FL's picture



re-post (partial).

we should be supporting the military industrial complex!

because of wall street the poor ole' military has had to cut $500(ish) billion from their budget this year.. meanwhile wall street gets trillions more.

I am hopeful.. mostly because the masses of sheepish consumers here in America are completely in-capable of effecting any real change on their own.. that the military will wipe wall street out.. because after robbing the old people and the poor.. and privatizing all the public interests... the only person left for wall street to rob will be the military..

Oops! Blackwater (or whatever the name(s) are now) has already privatized the military..

Never mind the military is stupid like the sheep they pull from.

so much for elite west point commanders standing up from themselves.

wall street wins.. it is over! quit yer' bitchin!

Greedy idiots over lazy morons any day.


Mon, 08/29/2011 - 17:28 | 1613066 john39
john39's picture

but the military is essentially the muscle for the same people who control wall street.  it would take a rebellion for the mid ranks of the officer corps.

Mon, 08/29/2011 - 18:54 | 1613327 JW n FL
JW n FL's picture



you are missing the point..

$500 billion less in toys for the millitary.. lets call the millitary a purist group.. thusly they would want to have more, be better and not suffer any kind of set backs.. NOT! while wall street banksters are spending 10 times more than the millitary on lies. Bullets out rank lies!

Mon, 08/29/2011 - 20:16 | 1613498 Cathartes Aura
Cathartes Aura's picture

looks like they'll have to get busy farmin' - those opium poppy fields will need expanding!

Mon, 08/29/2011 - 21:21 | 1613654 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Since the U. S. invaded Afghanistan poppy seed production in that country has increased by 90%.  Just coincidental I am sure.  The U. S. and the banks would never get involved in a $500,000,000,000 per year boondoggle.

Tue, 08/30/2011 - 01:26 | 1614000 Alpha Monkey
Alpha Monkey's picture

No never, they also wouldn't demonize the taliban for burning poppy fields...  I love the idea of US military troops guarding drug farms.  The irony of it is just too much.  Espeically after having to take a urinalysis after every holiday weekend (>2days off in a row) during the 9 years of my service.

Tue, 08/30/2011 - 14:29 | 1615922 JW n FL
JW n FL's picture

Thank you for your service.

now go clean your guns (carry) so that when we start cleaning up wall street you dont miss out on the fun!

Mon, 08/29/2011 - 17:19 | 1613017 falak pema
falak pema's picture

China is flexing its muscles like the America of the Great Gatsby and wants to dance the Charleston, while the West recovers from its self inflicted financial Armageddon. Awaiting the inexorable second round as aftermath just like Europe got its own come-uppance dished out. Maybe the Chinese will launch a Marshall Plan to rebuild our economies after the second collapse. In exchange they will ask us to wear their chinese made blue jeans and drink chinese made king Cola! Now you can't get more cut n paste american than that, along with chinese made Ipads!

Mon, 08/29/2011 - 17:24 | 1613047 besnook
besnook's picture

....and learn mandarin if you want to make any money.....

Mon, 08/29/2011 - 17:45 | 1613117 falak pema
falak pema's picture

Just wait until they do a cut n paste on WS and create their own GS, Rubin, Paulson, Summers et al. all cloned to a T.

Maybe if Greenspan emigrates to China he could teach them Zirp and irrational exuberance squared with the Abacus shuffle thrown in as special sweetner, making them follow big Apple's golden ponzi triangle route faster than you can say Hu flung dung. The financial Bermuda triangle repeated!... Oh holy Mandarin boss, oh great healsman, my economy's disappeared!... while I was learning to dance like Ginger n Fred.

Tue, 08/30/2011 - 01:20 | 1613997 Alpha Monkey
Alpha Monkey's picture

I don't think they need Greenspan.  They invented paper money in the 7th century, followed by Europe in the 14th century.

Mon, 08/29/2011 - 17:30 | 1613084 Caviar Emptor
Caviar Emptor's picture

Maybe the Chinese will launch a Marshall Plan to rebuild our economies

Haven't you been reading? They've already had that underway in Europe on a grand scale since 2008, and even bigger in 2010 and 11. The only reason Hungary hasn't been bailed out a dozen times and descended into chaos. They saved the Euro. 

Think the US has been immune? Try Googling "China buying spree" 

Mon, 08/29/2011 - 17:44 | 1613138 falak pema
falak pema's picture

hahaha, yes with devalued USD they earned from outsourcing. What goes down Marco Polo route must come round!

They may cut n paste but they ain't dumb, keeping the west on artificial respiratory gear is part of the deal....They need export markets.

Mon, 08/29/2011 - 17:18 | 1613019 FeralSerf
FeralSerf's picture

Iceland has the cheapest energy resources on the planet. Maybe the Chinese want to start an aluminum smelter there too. Titanium takes a lot of energy to process too. Maybe they think that new golf course will generate lots of interest in new titanium clubs? /sarc

More likely the Chinese think that with the opening up of the Arctic seaways in the summer and a new, much cheaper route to Europe that Iceland would be a good place to inventory their merchandise for ultimate shipment elsewhere when the Arctic is frozen.

Mon, 08/29/2011 - 17:24 | 1613046 Henry Chinaski
Henry Chinaski's picture

If he would just wait a bit longer, he could pick up the Grand Canyon at a bargain basement price when the national parks go up for sale.

Mon, 08/29/2011 - 17:24 | 1613049 Scalaris
Scalaris's picture

I'm learning Mandarin (Beijing style) JUST in case. Also I'm ninja with the chopsticks.

Tue, 08/30/2011 - 00:18 | 1613933 laomei
laomei's picture

waaaaaaaaay ahead of you there... i will gleefully fulfill my new position as "slave wrangler" when the time comes.

Mon, 08/29/2011 - 17:25 | 1613050 apberusdisvet
apberusdisvet's picture

It's all about the water folks; no military installations will ever be built there.  China will run out of potable water within a decade.

Mon, 08/29/2011 - 17:40 | 1613134 beatus12
beatus12's picture

Wrong, it's about the

artic sea route, they have

alread secured some of

 the largest water resouces

in Tibet, better start reading

abit more kiddo

Mon, 08/29/2011 - 17:29 | 1613057 Scalaris
Scalaris's picture

Was supposed to type madarin bitches in simplified chinese but the characters are substituted and shown as god damn question marks. FUCK. 

Mon, 08/29/2011 - 17:28 | 1613064 ihedgemyhedges
ihedgemyhedges's picture

300 sq. kms for a golf course resort?  What's the par on that SOB??????  Maybe they've replaced titanium drivers with plutonium ones............

Mon, 08/29/2011 - 17:30 | 1613087 PulauHantu29
PulauHantu29's picture

Forging strong ties with Nations that have been punked by the ECB Banksters is not a bad idea. They (the Icelanders) have a moral purpose in it that way...a revenge sort of.

Who knows, they may just like lots of Chinese Take-E-Out-E food.


Mon, 08/29/2011 - 17:35 | 1613091 beatus12
beatus12's picture

fools, fools, fools,

China has been building an

Icebreaker bigger than most

in Greenland, ICELAND SAY NO,


want arctic sea route, the Chinese

have made serious investments in rare earths

business in Greenland last

few years, I know people that

have sounded many alarms,

China has surrounded INDIA

with 7 ports - they call it

the Pearl Of India and the

Military in India are forced to

ramp up massively to counter

these moves, India is not

half as afraid of Pakistan

as China. Janes Defense

covers alot of good articles

on this subject matter. Get

worried america, coming

your way

Mon, 08/29/2011 - 22:47 | 1613832 Syrin
Syrin's picture


posting style

makes it u n be a ra ble to

read and fo ll ow ea si ly

Mon, 08/29/2011 - 17:32 | 1613098 mynhair
mynhair's picture

Is whale meat a delicacy in Chineeland?

Mon, 08/29/2011 - 17:35 | 1613099 Volaille de Bresse
Volaille de Bresse's picture

"The world is my oyster... and it's not enough we'll invade Mars, whether you like it or not, you Western long-nosed bastards!"

Chinese motto  (best before year 2030).

Mon, 08/29/2011 - 17:35 | 1613112 FranSix
FranSix's picture

Hm.  Must have looked at his Patek Phillipe watch and decided:  'meh' he needed to buy Iceland.  Of course, if its no real use to buy a volcanic island for exporting Chinese mainlanders' inscrutable culture, then you can always park your submarines in the vicinity.

Mon, 08/29/2011 - 17:37 | 1613121 kito
kito's picture

ahh yes, the love of nature and golf courses always coincide so nicely

Mon, 08/29/2011 - 21:11 | 1613630 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Kito, you earn a Fore!

Mon, 08/29/2011 - 17:44 | 1613152 papaswamp
papaswamp's picture

Cheap thermal energy, great place for a listening post (NATO), port options will be next. China is very patient and will slowly make moves to aquire what they need.

Mon, 08/29/2011 - 20:41 | 1613557 Party with Berl...
Party with Berlusconi's picture

Distinction - The Chinese are not patient they are focused and determined.

Hey, maybe nature boy wants a little log cabin should he need to bail out. The sum to buy his little jewel is chump change for these "little princes".


Mon, 08/29/2011 - 22:29 | 1613799 papaswamp
papaswamp's picture

I agree they are focused and determined...this comes from being patient. This is part of their culture. I agree the cost is cheap...opportunity has presented itself. The ecotour/resort theme is merely a surface appearence. Classic Sun Tzu.

Mon, 08/29/2011 - 17:44 | 1613153 Tic tock
Tic tock's picture

Now the Indians discover there's a Chinese threat... that's what being vegetarian does to you

Mon, 08/29/2011 - 17:50 | 1613167 robertocarlos
robertocarlos's picture

That would be a good location for a Chinese submarine base and maybe an airfield. Fuck China. You don't get to take-over a country because you gave them some pieces of paper. Take the Chinese money and then charge them 100 billion in property taxes per year. They still might go for it. I wish vancouver was so smart.

Mon, 08/29/2011 - 19:03 | 1613348 prole
prole's picture

Yeah when Iceland, who couldn't beat one Chinese regiment, (wait I'm not sure we could either) takes the money and tries some tax action like that the only 100 billion will be the laughter of the Chinese who will laugh for 100 billion years.

Mon, 08/29/2011 - 17:51 | 1613173 digitaldorobo
digitaldorobo's picture

Pretty fishy...where have I heard this one before?

Sounds like the Ukranian aircraft carrier they bought---Ukraine said they would not sell it if it was going to be used for military purposes. China's method---a Chinese businessman bought it to turn into casino parlor. Upon arrival, it was immediately handed to the government. And now they have a militarized aircraft carrier.

Well, the USA has over 100 bases overseas. I guess it's okay for China to have some?

Mon, 08/29/2011 - 17:58 | 1613201 Jack Kreuz
Jack Kreuz's picture

Huang Nubo is another Chinese crook who is now a "successful" businessman and poet. As the manufacturing capital of the world, China manufactures crooked people as much as crooked teeth. This devious spawn from the world's leading larcenist country expects his Icelandic property to be propected from larceny. That tells you that, in spite of his contacts with the ruling party, he has run out of "business" opportunities in the "fastest growing economy." Sieg heil!

Mon, 08/29/2011 - 18:45 | 1613312 reader2010
reader2010's picture

China has alway been a Paper Tiger. Business opportunities? Fuck, No! All their "Best" companies have piled themselves big time into buying and selling stocks among themselves since 2007.  China is gonna rule this century? Fuck, No! That's the lie thatt MSM wants you to believe.

Tue, 08/30/2011 - 05:19 | 1614122 Zeilschip
Zeilschip's picture

You're getting boooring!!!

Mon, 08/29/2011 - 18:07 | 1613236 Debugas
Debugas's picture

are we entering the final stage of the comedy where the actor says:

Lets print more paper money and buy the whole world from the fools that are still willing to exchange their wealths for paper

Mon, 08/29/2011 - 18:39 | 1613301 youngman
youngman's picture

I call it the hot Potato one in the end wants to end up with US they try to buy everything....and we know what that causes....if land is inflating in Iceland...just think what my condo in Denver will da moon..but not on a Russian rocket please

Mon, 08/29/2011 - 19:05 | 1613330 Use of Weapons
Use of Weapons's picture

Hmm. A site I was looking over today for totally unrelated reasons [warning: yes, thar be hippies, work out the bias, although it is well researched / local knowledge]

A triptych (Or, how to create the conditions of the scrunch - note that student politics was the choosing ground) (Or, how to leverage a company and slowly force privitisation) (Or, bat shit crazy New Barbarians had already made their move before this Chinese one)


Comment: compared to the amounts of loans in the energy sector there, and the heavy industry giants, this is small potatoes. Greenland does ring bells though.

Mon, 08/29/2011 - 20:47 | 1613574 Cathartes Aura
Cathartes Aura's picture

not afear'd of hippies!  from your last link:

Nearly all the applicants have experience in the energy field around the world, primarily in Russia, eastern Europe and Asia. However, one of the applicants, Aaron Robert Thane Ritchie, was forced to pay a $40 million fine to the Securities and Exchange Commission in 2008 for his company’s involvement in an illegal late trading scheme.

oh yeah, just the sort of parasite you don't really want to let in. . .

Mon, 08/29/2011 - 19:05 | 1613352 prole
prole's picture

It's a betray the West traitor bubble. We could underbid Iceland and sell them Louisiana and Alaska for less.

Mon, 08/29/2011 - 19:15 | 1613364 Shameful
Shameful's picture

Eh pretty minor.  China's future lies through Africa.  China is hungry for commodities, Africa has them.  China might like more room, well Africa is the main region that could not mount significant resistance, especially when faced with the mechanized murder machine totalitarian governments are capable of.

Tue, 08/30/2011 - 01:07 | 1613986 Alpha Monkey
Alpha Monkey's picture

Which is why AFRICOM is getting it's foothold.  Those pesky pirates provided just enough cover.

Mon, 08/29/2011 - 19:28 | 1613395 ImnotPOTUS
ImnotPOTUS's picture

Thow dust protest too much......

More likely this guy plans to just simply get off in a nice hotel room that has a glass ceiling instead of mirrors so he can gaze upon the northern lights while in the middle of coitus.

You need to control .3% of the land to keep eyes off of that NSFW and possibly the herd of endangered species you plan to grind up into libido rub for your egg roll prior to each session.

Also if your a viciously bad golfer with a terrible hook, your not cheating if you build a course where every hole is a 1 KM wide crater bowl shaped so that any swing can get you on the green. Your not cheating if you build a course, where you can't grow trees and the sand traps are frozen solid. Heck this "course" is the only place Tiger has a chance left at winning a 'tourney at.

Maybe this guy is just vain enough to want to say it with a straight face that he "makes it to the green at home", when he shanks one at St. Andrews.

I can think of a lot more things a filthy rich person can waste ill-gotten money on in the middle of nowhere in NE Iceland.

Not everyone spends all their time committing or exposing Armageddon conspiracies. Maybe this guy just likes to have some fun while the rest of us try to figure out how Nero burns down Rome.

Mon, 08/29/2011 - 19:34 | 1613405 Willzyx
Willzyx's picture

What is wrong with this land if nobody in Iceland has developed it yet?

Mon, 08/29/2011 - 19:44 | 1613425 americanspirit
americanspirit's picture

Iceland today, Greenland tomorrow. Bet on it.

Mon, 08/29/2011 - 19:48 | 1613436 irishlink
irishlink's picture

Lebensraum ? At first glance I thought I saw Leprachaun and it reminded me of the old Columbcille Prophecies which predicted that Ireland would be ruled by the yellow man. But it seems that  we are all rushing headlong towards the Asian Wealth funds to come to our rescue without doing due diligence and therefore  running  from the proverbial   frying pan into the fire.... The more things change .. the more they stay the same   C'est le vie

Mon, 08/29/2011 - 21:04 | 1613612 darkstar7646
darkstar7646's picture

It's about the only real way this ends -- with bits and pieces of the "offending" countries being "foreclosed upon" and sold to the new owners: China.

Mon, 08/29/2011 - 23:00 | 1613847 At120
At120's picture

No offense, but "China" and "Eco-tourism" just aren't synonymous with one another.  There's no question that there's an ulterior motive here.



Mon, 08/29/2011 - 23:39 | 1613895 PulauHantu29
PulauHantu29's picture

China buys one tiny piece of ice covered land in the middle of nowhere and so many go nuts....wait until Gov Brown starts selling them sections of pay for their troubled Pension Plans....

Ha ha ha ha......



Tue, 08/30/2011 - 00:24 | 1613941 nscholten
nscholten's picture

That is just fucking stupid... It will never pass and not worth even printing the article

Tue, 08/30/2011 - 02:55 | 1613982 chindit13
chindit13's picture

Chinese Tycoon's Ode to Mao to Reinvigorate Icelandic Tourism, Economy

BEIJING (AP)  Chinese tycoon Huang Nubo, who recently acquired 300 square kilometers of Icelandic tundra, plans to use the land to create a gigantic monument to former Communist Dictator Mao Tse Tung.  Nubo has secured the services of international artiste Christo, known affectionately as The Wizard of Waste, to create the world's largest portrait on the frozen earth.

"I've decided to use the image that appears on the one hundred yuan note, albeit with my own unique interpretation", said Christo in a joint press conference held at Beijing's Double Good Fortune Golden Happiness Hotel & Resort.  A smiling and cherubic Nubo added, "I've already secured three ULCC tankers to carry the red, green and gold paint" that will be used by the enigmatic Christo to produce the Mao image.  The billions of gallons of paint are from the Jingbao Paint Company's "Color it Han" Collection, and are a lead and melamine based emulsion said to be resistant to volcanic ash.  Christo will create his masterpiece using the gigantic Happy Ending Golden Shower Spray gun (c), newly constructed on the base of a former Katyusha Rocket Launcher, a product of China's new Swords into Marketshares stimulus program.

"This will be the first work of art to be visible from space", said Nubo, adding that it will complement The Great Wall, which Chinese have long and proudly claimed, erroneously, to be the only man-made object visible from space.

Nubo, who also owns Triple Luck Tours & Travel, claims already to have booked more than three hundred fifty million mainland Chinese visitors anxious to make a pilgrimage to view the artwork once completed.  Icelandic authorities estimate that such an influx of Chinese visitors could pour as much as several thousand dollars into the economy, though it would not tax the area's ability to house the expected Chinese visitors, who tend to share rooms according to family surnames.

"Velkomin! Please enjoy the fermented shark meat and ram scrota", said Icelandic Tourism Minister Katrin Juliusdottir.  "But please no spitting in the hot pools".

Tue, 08/30/2011 - 01:41 | 1614018 Jovil
Jovil's picture
Pyramid of Capital System – Where are we in it?

Tue, 08/30/2011 - 04:54 | 1614111 Leraconteur
Leraconteur's picture

The West simply deserves what is going to happen. Greed and short-term thinking and debt servitude forcing bad decisions on a constant basis.

This is a submarine base, folks, 

Right at the mouth of the north atlantic sub lanes.

Controlling all traffic to and from Russia, EU and USA. 

Tue, 08/30/2011 - 06:16 | 1614147 bearnanke
bearnanke's picture

How about this one: The Mayor of Hengelo (East of the Netherlands) suggests selling an previous millitary airbase close to Hengelo and Enschede to China...

A base with plenty bunkers for fighter jets might be just what China needs in western europe, right?

Via google translate:

Nutcases... all of them..




Mon, 09/05/2011 - 09:50 | 1634115 shacai
shacai's picture

Welcome to .Our company was founded in 2004 and was committed to internet marketing businesses in 2006. Replica Handbags are always in a great demand and sells well. Recently, we launched some new and updated them on our website. Here you can find some scarce Cheap Christian Louboutin shoes, which were difficult to find from other websites. sac à main are also always in hotsale.

We have gotten many great comments from our customers and earn a good NFL jerseys reputation in foreign makerts, more than 90% customers are satisfied with our products and service, till now our online members NFL jerseys are beyond 80,000. As of right now, we currently serve customers from over Christian Louboutin 18 countries, and we are still growing. We really hope to expand our business through cooperation with individuals and companies from around the world.

Thu, 10/13/2011 - 01:40 | 1768563 acttang
acttang's picture

Let's see the logic: Everyone complains that the Chinese sold too much to the world too cheap and never buys. Here they come to buy and everyone flinches. It seems that we don't just want them to buy. We want them to buy the stuff they don't want. Has everyone forgotten the basic principles of trading? Why would anyone buy things they have? Because we don't ligitmately sell them anything they want to buy, we are turning them to Africa, where the Chinese are having a field day working out deals with the worst possible rulers.

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