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Invest in Charter Schools, Get a Green Card

October 28, 2012
As I have been reporting for years, it is just a matter of time when the trillions in cash from India and China flow into the US to buy all public or now privatized assets.
The money must be invested and what better place than in a banana republic?
All of this has and is happening all over the world.
In Hungary, the country is so broke they are selling citizenship for 250,000 Euros in ‘investment’ and this comes with the right to vote.  The wealthy Asian capitalist class is buying Hungary citizenship like Americans let lose in WalMart (http://rt.com/news/hungary-citizenship-buy-bonds-663/).
From Diane Ravitch:

http://dianeravitch.net/2012/10/28/invest-in-charter-schools-get-a-green-card/

Wealthy investors from around te world are pouring millions of dollars into new charter school construction in the US. In return, they get a green card, thanks to a federal program known as EB-5.

Reuters investigative journalist Stephanie Simon has once again broken open a little known story. Here is a link to some of her earlier stories.

An investor forum in China last spring, for instance, touted U.S. charter schools as a nearly fool-proof investment because they can count on a steady stream of government funding to stay afloat, according to a transcript posted on a Chinese website.

Arizona educator Holly Johnson, who runs three charter schools and plans to open a fourth next year, said she couldn’t believe how easy it was to secure $4.5 million in funding from abroad.

“We didn’t have to do anything at all,” she said, other than open her schools to potential investors. They didn’t ask many questions, she said. Their concern was more basic: “They wanted to come over and make sure it was real.”

 


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About The Author

Dr. Danny Weil is a public interest attorney who has practiced for more than twenty years and has been published in a case of first impression in California. He is no longer active as a lawyer but has written seven books on education, has taught second grade in South Central LA, PS 122, taught K-1 migrant children in Santa Maria, California and Guadalupe, California, taught in the California Youth Authority to first and second degree murderers and taught for seventeen years at Allan Hancock Junior College in Santa Maria, CA. in the philosophy department.Dr. Weil holds a BA in Political Economics and Philosophy, a multi-subject bilingual credential in education (he is fluent in Spanish) and has a PhD in Critical Thinking.He is a writer for the Truthout Intellectual Project.

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