Chinese Government Bought BILLIONS of U.S. Real Estate for This Reason

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China buys $22bn worth of US homes, leads global pack
Like Bank of China, Citic Bank also offers service branded ‘money laundering’ by CCTV
“Both BOC and Citic Bank have been able to do this business only after they got approval from the Guangzhou branch of the People’s Bank of China
Under Chinese law, citizens are allowed take only the equivalent of US$50,000 out of the country each year.
pilot programme, which was part of Beijing’s efforts to better manage its huge foreign exchange reserves – the world’s largest at over US$4 trillion.
China is also purchasing the debt of other countries. In fact, they have purchased over $3 trillion offoreign- currency reserves as of March 2011.3 This is a very powerful move by China, but one that masks the reality of the situation. They are purchasing debt outside of their own country which decreases the total amount of Yuan in circulation in their country.

Sources:
http://rt.com/business/171496-china-california-homes-property/
http://www.scmp.com/business/banking-finance/article/1550351/bank-china-laundering-money-would-be-emigrants-cctv-reports




Chinese Government Bought BILLIONS of U.S. Real Estate for This Reason

Where the TRUTH is EXPOSED and SCANDALS UNCOVERED:
http://truth.themoneygps.com

********************************************************************
The Money GPS by David Quintieri featuring Bob Chapman, James Turk, and David Morgan.

Look Inside the Book!: http://book.themoneygps.com

My Free eBooks:
FLUORIDE: http://fluoride.themoneygps.com
GMO: http://gmo.themoneygps.com
VACCINES: http://vaccines.themoneygps.com

Join The Money GPS Insiders:
http://themoneygps.com

PREPARE for the COLLAPSE:
http://amazon.themoneygps.com
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China buys $22bn worth of US homes, leads global pack
Like Bank of China, Citic Bank also Continue reading