US Is 'Practically Owned' by China

From CNBC: http://www.cnbc.com/id/39376706

The US supremacy as the top world economy will end sooner than many people believe, so gold is a better investment than the dollar despite it hitting a new record, Tom Winnifrith, CEO at financial services firm New Rivington Street Holdings, told CNBC.com Monday.

Gold hit a new record high Monday and silver rose to another 30-year peak as investors were worried about the dollar weakening further after the Federal Reserve hinted at more quantitative easing last week.

The US trade deficit and debt continue to grow and the authorities are reluctant to address the problem, preferring to print money, Winnifrith said.

"America is practically owned by China," he said.

He reminded of the fact that in 1900, sterling was the world's reserve currency but by 1948, that was no longer the case as the British Empire collapsed.

"America is doing what Britain did," Winnifrith said. "America spends much more than it can afford and it's not addressing the issue."

In 1832, China and India were the world's two largest economies and by 2032, they will regain that status, he predicted.

"The 200 years when Britain and the US were the top two economies were an aberration and that will change," Winnifrith said.

"The decline of empires has happened much faster than folks think. I believe that gold will be a far better bet in 20 years than the dollar," he added.

US Debt Crisis

Economist Arnold Kling has written a long paper on the possibility of the US facing a national debt crisis.

"Guessing the Trigger Point for a U.S. Debt Crisis"

This is the conclusion:

".....it would appear to be quite likely that the United States will experience a debt crisis within the next two decades, unless the path for fiscal policy changes from what is projected by the Congressional Budget Office. However, international capital markets continue to treat U.S. Treasury debt as a fairly safe asset. One way to interpret this phenomenon is that investors
expect the United States to take steps to get its fiscal house in order.

The assumption that the United States will have the political will to stabilize its fiscal position is based more on hope than on recent experience. If the political process continues to enlarge the government’s commitments to spend in the future, investor expectations will change at some point. That change in market perception is likely to be swift and severe."

The key is once the world does not believe the US can sustain its fiscal mishap or is at war with China, the US Empire will fall.

More than 400 US Banks Will Fail

Why do you want to come to the US? I am planning to leave this horrible country where half of the banks will disappear soon.

Read Economist Nouriel Roubini's interview on CNBC.

Nouriel Roubini accurately forecast the collapse of the US housing markets and the resulting economic near depression.

The Federal Reserve cannot save the US Economy

Nouriel Roubini, the New York University professor who forecast the collapse of the housing market and the economic depression said the Federal Reserve is "running out of policy bullets" and the government is running out of "fiscal policies" to save the US economy because of the leveraging. DON"T EVEN COME TO THE USA!!! You are warned!!! Listen to what he has to say:

PERM Labor Certification Delay

PERM, Labor Certification, Department of Labor processing times as of 01/31/2010:
- Analyst Review: April 2009 (Receipt Date)
- Audits: December 2007 (Receipt Date)
- Standard Appeals: September 2007 (Receipt Date)

The chance that your case will get audited is high because of the ECONOMIC CRISIS. You think the government will approve your case that says your company cannot find a US worker? Dream on.

It is such a shame that your lawyers scam you into retaining their services to do your cases. Some people have been waiting since late 2007.

My advise: DO NOT EVEN COMMIT THOUSANDS of DOLLARS to achieve this American Nightmare!

November Visa Bulletin

The November Visa Bulletin is out. The Department of State said, "The receipt of demand from Citizenship and Immigration Services Offices has far exceeded their earlier indications of cases eligible for immediate processing. As a result, it has been necessary to hold most of the Employment cut-off dates for November. At this time, it is not possible to provide any estimates regarding future cut-off date movements."

Even the Government does not know when you will get a green card. If you have not started the money-sucking process involving a lot of attorney fees and application fees, DO NOT START, NEVER!

	All Charge-ability Areas Except Those Listed	CHINA- mainland born	INDIA	MEXICO	PHILIP-PINES
Employ-ment -Based
1st	C	C	C	C	C
2nd	C	01APR05	22JAN05	C	C
3rd	01JUN02	01JUN02	22APR01	01JUN02	01JUN02
Other Workers	01JUN01	01JUN01	22APR01	01JUN01	01JUN01
4th	C	C	C	C	C
Certain Religious Workers	U	U	U	U	U
5th	C	C	C	C	C
Targeted Employ-ment Areas/ Regional Centers	C	C	C	C	C
5th Pilot Programs	U	U	U	U	U

Nobel Prize Winner: US Education is "About to Get Worse"

Immigrants with children be aware:

-- "[T]hese days young Americans are considerably less likely than young people in many other countries to graduate from college";
-- "In fact, we have a college graduation rate that’s slightly below the average across all advanced economies.";
-- [T]hings are about to get much worse, as the economic crisis";
-- "[T]he [financial] crisis has placed huge additional stress on our creaking educational system";
-- "As a result, education is on the chopping block. And laid-off teachers are only part of the story. Even more important is the way that we’re shutting off opportunities."

Link to Economist Paul Krugman's blog:
http://www.nytimes.com/2009/10/09/opinion/09krugman.html

The US education, especially the primary and secondary schools, is known to be the worst among all developed nations. Young kids can't do math, read maps, or even spell. This blogger has met college students who can't spell and don't even know the meaning of a simple word "humble".

DO NOT COME HERE TO RUIN THE FUTURE OF YOUR KIDS! If you need to, send your kids to some other countries like the United Kingdom, Singapore, ...etc.

However, this is another story if you are coming here for your graduate school. Over half of graduate students in engineering, computer, economics, mathematics are foreigners. If you go to the engineering department at UCLA, you will find that you don't even need to speak English as most professors and students speak Chinese. University of California, Los Angeles is also known as University of Caucasians (White) Lost among Asians.