America's Road to Fame

Chapter 290 Palu's Change

As soon as this opinion was raised, the Palu people immediately felt enlightened!
Hey, can I still do this?This sounds really reasonable. After all, according to the country, after more than ten years, at most 20 years, Palu will be submerged by sea water. At that time, their land will be gone, and they can only go to other places. If the country lives, then naturally, the country does not exist.

After all, so far, the average altitude of their country has dropped by more than ten meters, and now there are only more than 20 meters left, and the further the future, the remaining land area will be reduced geometrically, and most of the current Palu is due to phosphoric acid The mining of salt mines is not suitable for living, and it is less than a quarter of the country's land area.

The places suitable for living are all plain areas, which are low in altitude and are also the first areas to be submerged by sea water. Therefore, after more than ten years at the earliest, the place where they live now may be covered by sea water.

Since their country is destined to disappear soon, why not take advantage of the present and sell the country together with the land?If they can't, they can still sell for a sum of money, so that they can have a better life in Australia.

Of course, the news that most of the habitable areas will be submerged by seawater in more than ten years is the result of indoctrination by the media and experts controlled by William Chen. However, William Chen is not worried that it will be exposed. After all, according to the display of the Eye of the Future, the current Palu Island will completely disappear in the upcoming volcanic eruption and will be replaced by a new island. As they say, after more than ten years the island is covered by sea water?
Moreover, the situation in the country of Palu is very strange. Most of the citizens are descendants of the Micronesians. They first lived by hunting and aquaculture, and the agriculture was very underdeveloped.It was once occupied by Germany, Australia, and Japan. After World War II, it was placed under the trusteeship of Australia, the United Kingdom, and New Zealand by the United Nations, and Australia exercised management rights on its behalf.

However, due to the discovery of rich phosphate mines on the island, Palu has been fighting for independence, and finally succeeded in independence in 1968. In 1970, he redeemed the assets of the British Phosphate Company and obtained control of the country's phosphate mines. In 1999, he joined the The United Nations, becoming the smallest member of the United Nations.

Because of the massive export of hydrochloride ore, in the 80s of the last century, Palu had an annual income of more than 1.2 million U.S. dollars and a per capita GDP of 1.5 U.S. dollars, surpassing the United States and becoming one of the countries with the highest per capita income in the world.

The Palu people who are poor and rich are most vividly shown. After they become rich, the Palu people spend money like water. Their families live in luxury houses, everyone drives luxury cars, and airports and golf courses are built on the island.

Because money comes so easily, and the benefits provided by the Palu government to the people are so good, no one has to work, the government builds luxury houses for everyone for free, medical care, education, and life are all free, making it a veritable "paradise island".

Because he doesn't have to work and eats, drinks and has fun all day long, Palu's obesity rate is extremely high.For the sake of national quality, the government will cover all the tuition fees for any university you want to study.

But since you can live a life far superior to that of people in other countries without working, what motivation is there to study hard?So many people are reluctant to continue to school.

Therefore, in 2005, the phosphate mines in Palu were almost exhausted, leaving the island full of desolation and serious environmental damage. After three-quarters of the island was uninhabitable, because the Palu people have been content with enjoying , and there is no talent.

Their country's foreign investment has also repeatedly lost money. From 1999 to 2003, Palu's fiscal deficit reached 5849 million Australian dollars.In order to solve the financial problem, the Palu government took measures such as selling 5 planes, 3 ships, Palu investor passports, and restricting currency outflows, but with little effect.

Palu is heavily in debt and owes a high-interest loan of 2.4 million Australian dollars to General Electric Finance Corporation of the United States. Palu's assets in Australia were auctioned by an asset supervisor entrusted by creditors; he owes a debt of 1880 million US dollars to the Export-Import Bank of the United States.

After Palu's resources are exhausted, it is also hoped to open source in other ways, but the people have become accustomed to a comfortable life and are unwilling to work hard. What should I do?

So I want to learn from offshore tax havens such as the Cayman Islands, Virgin Islands, and Bermuda to help certain funds avoid taxes or launder money.

But in the final analysis, Palu does not have a strong background support, and this kind of business is completely beyond the reach of a small country like it.Cayman and the Virgin Islands are “British” and Bermuda is “American”…

In 2003, a number of banks opened by Palu were accused and sanctioned by the West for engaging in offshore financial business, and the banking business was also frozen.And the entire country was blacklisted by the Financial Working Group, the Group of Seven anti-money laundering agency.

Now Palu can only earn some extra money by working in Australia and accepting assistance from the Australian government. In return, Palu needs to establish a detention center to deal with those refugees who entered Australia illegally.

So they are living a miserable life now. In the 80s of the last century, Palu’s GDP could reach 1.2 million U.S. dollars, but now, last year, Palu’s annual GDP was only 4500 million U.S. dollars .

If you calculate the inflation in US dollars over the past few decades, it can be said that Palu's economic regression is simply amazing.

However, it is also very normal for a country that relies on resources and its people suffer from the "disease of wealth".

It is also like this. After this kind of deliberate propaganda that the whole country of Palu is in danger of being submerged, once someone raises it, it will be enthusiastically responded by many citizens, hoping to sell the entire island in exchange for a large sum of money for them. In the future life... It won't be surprising that such a wonderful thing can happen.

After the voice of Palu intending to sell the entire island appeared, some people really started to contact them with interest, but after the initial contact, those people or organizations were immediately scared away by their asking price.

We must know that those who are really interested in the island of Palu are often certain organizations or individuals, and national organizations are not very interested in them.

Because if it is just to buy the land, a small island like Palu, which is only 30 square kilometers, does not make much sense at all, not to mention that not only their location has little strategic value, but they are about to be submerged by sea water.

As for the territorial sea economic zone to which Palu belongs, it has some value, but look around Palu—the Bismarck Islands, which are relatively close to it, are divided into more than 200 islands with a total area of ​​5 square kilometers. ...

The Admiralty Archipelago, which is closer to the Bismarck Islands, also has 23 large and small islands, the largest of which, Maurus Island, covers an area of ​​more than 1600 square kilometers.

If the country wants to get more territorial sea economic zones, these large and small islands are better than Palu, so why pay a premium to buy Palu?
Therefore, those who are more interested in this are destined to be individuals or organizations, but the asking price of 20 billion US dollars raised by the Palu government has persuaded them to leave.

Because although completing this transaction, it is indeed possible to obtain a country, but be careful, it is only possible.

Because after buying it, can they be recognized as inheriting Palu's status?
This is a problem where there are risks.

Therefore, those individuals or institutions that are interested in Palu need to consider whether the benefits they have obtained through this place can cover the purchase of Palu in the past 20 years, and whether there is enough profit to satisfy them?
(End of this chapter)