If you want to know more, click here. The only reason to allow such a move is to shore up the dying dollar. The Fed has granted permission for China´s largest bank to buy 80% control in a western bank and there are others about to be bought or started in the midwest and the east coast. The link to an article tells it all. But, what does it mean? It means that our economy will soon be dependent on the strength of China´s economy. Remember China? Yeah, the country that built ghost cities to shore up the real estate numbers and now has a couple of hundred cities of modern architecture that are virtually empty. Talk about a bubble! When that one pops, it´ll be like a black hole! It will suck in everything touching it! Get out of dollars now. Get gold. Get silver. What the heck! Get cinderblocks! Anything tangible but remove yourself from the currency systems as much as you can!
There will be a really neat side effect if you do! The US government wants to know all about your financial assets, especially foreign. If you don´t have financial assets, there is no reporting requirement! YAY! Privacy at last! (Well, sort of.)
