A friend sent me this photo. The Chinese are buying up property all across the Pacific. I was told that in Australia the property is as a rule more expensive towards the city, cheaper further from it (no "inner city youths" to drag down property value). What is happening is that Chinese investors are buying up literally whole streets - then leaving the houses untenanted. Why? Because as more people get price gouged (no prizes for who is behind that) out of the inner city they will have to move to the suburbs. Mr Wong will then be able to pick and choose who can buy and rent, as well as at what price. This same friend watched his whole suburban street get bought out by a Chinese property firm. The old pensioners who lived there couldn't refuse. Imagine two million dollars + for a brick three bedroom home. However
exclusively
Han Chinese people moved in. An acquaintance from Vancouver told me that was how it happened to them.
A semi-related Middle Kingdom meddling story comes from an uncle who works in the mining industry. He told me that coke and iron ore sales have been "out of kilter". When he went to China in 2012 he says he saw the Chinese dumping Australian iron ore into the sea! Are they trying to deplete Australia of resources inch by inch? Are they trying to raise the value of their own extensive reserves? Who can say what their game is. I can only guess. All I know is that they're planning way further ahead than our xanax powered ruling class.
