[…]By Michael Snyder, on July 30th, 2013
Something very strange is happening to Detroit. Once upon a time, it was the center of American manufacturing and it had the highest per capita income in the United States. But now the city is dying and the Chinese are moving in to pick up the pieces. Lured by news stories that proclaim that you can buy homes in Detroit for as little as one dollar, Chinese investors are eagerly gobbling up properties. In some cases, this is happening dozens of properties at a time. Not only that, according to the New York Times “dozes of companies from China” are investing in businesses and establishing a presence in the Detroit area. If this continues, will Detroit eventually become a city that is heavily dominated by China?[…]
What a toehold up for grabs! What a bargain! What a way to extract some of their bills owed to them by our USA’s bogus dollar trade debt.
It’s called being foreclosed upon and the threat of debtor’s prison looming greatly.