More recently, Australia has been strongly discouraging more property investment from foreigners. Turns out that a significant portion of the money coming from China was criminal money being laundered. Any non-Australian who wants to buy property must get approved by a board...
IQ is far from the only issue when it comes to immigration and cultural compatibility. Many Chinese, for instance, have a high IQ, but a strong in-group preference and a lack of empathy for outsiders - they are currently buying up large sections of countries like Australia. Bad.
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... and they can only buy residential property if it's a new building. Further, there is an extra up-front cost for foreigners now, and a heavy annual tax.
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The real estate situation in Australia is severe to say the least. An entire generation of Australians can no longer afford to buy houses.pic.twitter.com/cbqBytO168
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The have priced the average Canadian out of the Vancouver housing market by flooding the country with cheap Chinese currency.
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Also South Africa has a massive Chinese presence. I believe they even have Chinese-only police forces in certain areas and they are beginning to demand Mandarin be taught as the 2nd language in schools.
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And Canada
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A few years ago the Chinese attempted to coerce the Australians into rejecting their allegiance to the USA by signing on to a future Chinese hegemony. Oz rejected their overtures, but the Chinese are unlikely to give up.
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Control the Panama Canal port, bid for another in Turkey I believe. Buying land everywhere else. I can see it as others can, but our gutless government is sitting on their hands “serving us.”
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They will own Africa in a decade or two. Or at least all their resources.
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Why not the people?
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They already own their leaders. The rest is just cheap labour for them.
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Might be harder to sell. But no. They use Africans as cheap labour. No doubt.
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I will check it out.
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They’re buying up large sections of Australia because there’s not much left in Canada.
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