The Effect of Chinese Investment Capital Upon the Vancouver, Canada Housing Market

Vancouver-Canada-housing-market

In 2015, $1,000,000,000,000 ($1 trillion) USD left China which set a new historic record for the amount of currency exported from China within a single year. This dump of currency directly coincided with the July 2015 real estate jump of 30% – 40% of Vancouver, Canada the Greater Vancouver area and the Fraser Valley. Many economists and financial experts working in China have correctly predicted a growing problem in which the financial bubbles that have been created in China have caused investors to become spooked and therefore cash out of these bubbles to put their income into hard assets around the world. This creates a bubble in other markets which are international, which would lead to the plausible conclusion that the Vancouver, Greater Vancouver area, and Fraser Valley real estate markets are now bubbled in that they have taken the place of many Chinese companys valuations and debts (e.g. stocks and bonds) within the Chinese market. It is estimated that 90% of condominium sales in Vancouver are due to speculative buyers who are often offshore and never set foot in the asset they purchase yet they are paying top dollar, making home costs surge ever further for those who actually live and work in said market. Some of this activity is thought to be due to the ability to create offshore tax havens by owning property outside of one’s country of residence. Most of the condominiums built in Vancouver are single bedroom units, which act as safety deposit boxes for investors as families cannot physically fit into such tight quarters and therefore these units are designed so that the only people purchasing them will be investors and single individuals if they can afford it. It has been said that Vancouver is a manufacturing city which manufactures condominiums; the only caveat is that the exports manufactured stay put making future condominiums worth even more as there is less and less space available to build continuously with consistency. The resource of land is finite and unless buyers are willing to move further out from this hotspot economy, they will be forced to rent or live in less than acceptable living conditions, and sometimes both

Art Auction Giant Christie’s

art-auction-Christie's

Creating the illusion of a bid in the room by an auctioneer to ensure a reserve price is met is perfectly legal and is often done so that Christie’s turns a profit because they are solely commission based and without a sale, Christie’s actually loses money when factoring in storage, transport, and the brokering of the piece which involves many people behind the scenes as well as the auctioneer. Antiquities of the art world tend to sell at bargain price points so Christie’s has put much of its resources into living artists whose works sells in the millions of dollars instead of hundreds, thousands, or hundreds of thousands of dollars. Most of these newer works have been created within the past 20 – 30 years and provide commentary upon a specific moment in time often one which the purchaser remembers during their own lifetime (e.g. tank man in Tiananmen Square, China)

Celibacy Within the Catholic Faith for Spiritual Leaders


Catholicism

There is no basis in scripture for celibacy, in fact there is evidence to support that Jesus Christ was married as well as his 12 apostles, with the probable exception of John. The first several dozen popes were married and had children, and celibacy is not found within the Catholic faith until the 4th century, the very same time in which sexual abuse and misconduct against children began to take place in respect to written recorded history (it is unclear as to the actual starting point as records do not exist beyond this timeframe). Celibacy was developed and demanded due to finance, as married priests automatically passed down their wealth to their firstborn son, as was the customary practice of primogeniture, but if said priest had no heirs, their wealth went directly to the church

Shipping Freighters Flying Flags of Convenience 

shipping-freighter-flag-of-convenience

The flags flown atop ships are also known as a “flag of convenience” as the owners of shipping companies and shipping vessels often fly a flag different from that of their own nationality or where their business is headquartered. Nations have 19 kilometers of territorial water which is considered part of their land, 322 kilometers of an exclusive economic zone in which countries can pull in ships for inspection and seize their goods or extract resources from the sea bed, and the high seas which belong to nobody. Ships are subject to the laws of the country of the flag they fly however most Greek, Japanese, Chinese, and German ships are registered in Panama, Liberia, the Marshall Islands, or Mongolia, slipping away from the laws of their country of origin, a move which can be very financially rewarding. Doing so allows companies to dodge taxes, safety standards and requirements, labor codes, and minimum wages. This method can reduce shipping costs by up to 65%. Countries promote the efficacy of flying their flag at large gatherings in an attempt to entice large shipping magnets into utilizing their flag which is a mutually beneficial endeavor as the country on the flag gets to collect taxes for its development and the company using the flag gets to save a lot of money, funds which would have been paid out in higher tax brackets had they used the flag of a wealthier nation. On top of all of these perks, most flags of convenience guarantee anonymity to their clients which helps ensure the entire industry is difficult to track and regulate

The Average Lifespan of a British Employee for the East India Company 

East-India-Company

Death was quite common among the British stationed in India, with 33% of the entire British workforce dying in a single year due to the rainy season set by the monsoon. The average lifespan of a British worker in India was said to be just two monsoons, and the East India Company regularly had shipments of blank tombstones shipped from England just to keep up with the number of dying workers each month. The East India Company tried to help decrease these numbers by shipping vast quantities of spirits and wine, in the hopes that it would help increase the overall health of the workforce but unfortunately it did not do much good

China’s Desire For Ivory and the Effect Upon African Countries 

Chinese-ivory

China is one of the only countries in which recently acquired ivory can be sold legally, and because it is in such high demand, China’s insatiable thirst for ivory is devastating elephant populations around the world. 80% of the Chinese middle class own one or more pieces of ivory and 84% of those people intend to purchase more in the future. Trade between Africa and China between 2003 and 2013 has jumped from $6,000,000,000 ($6 billion) to over $100,000,000,000 ($100 billion). China has been investing in Africa, building roads and shipping ports as a way to streamline the trading process. Some of the most popular goods traded include turtles which are eaten, shark fins which are also ingested, rhinoceros horn which is ground up and consumed, and elephant ivory which is carved into decorations. 60,000 shipping containers enter Chinese ports each day, with less than 1% being searched, making Chinese ports a smugglers paradise. Only 16% of ivory sold in China is legally traded and can be verified to have been sourced from legally acquired sources. Kenya has achieved success with elephant protection due to private philanthropy which funds the ability to patrol Kenyan parks via helicopter and land vehicles with armed security personnel, trained guards who have been authorized to shoot to kill when poachers have been identified actively poaching or attempting to poach

The Unsustainability of Massive Debt 

mortgage-contract-signing

A major driver of prosperity during the last 50 years of the 20th century has been debt. Prior to World War II, significant debt (e.g. mortgages) did not exist. Debt has been the fundamental driver of all of this forward momentum. This system of prosperity is dependant upon one’s financial ability to service it, and although it is accepted as normal, it is unfortunately unsustainable. This movement has created the enormous financial sector and markets which the industrialized world is now familiar with. The mindset of enjoying now and paying later creates a mindset in which people are divorced from affordability. History has consistently demonstrated that this model is highly volatile and worse, unsustainable in the long run