In typical Trumpian fashion, U.S. President Donald Trump has, in one swift and unorthodox move, threatened the Golden Goose of the five East Caribbean states, which are engaged in selling economic citizenships, by offering foreign nationals what he calls a "Gold" Green Card (legal permanent residency). While the stiff five million dollar price tag may deter some of the "marginally" affluent abroad, the high net worth elite will most certainly line up to get that valuable US entry asset, because it will carry with it all the other visa-free privileges to the UK, EU and Commonwealth jurisdictions, which American citizens now freely enjoy. As one CBI expert in the region has said "Years of corruption and frauds in the CBI has led to USA creating a real option for wealthy investors."
We wonder how they are taking this news in Basseterre, Roseau, Castries, St. John's and St. Georges, especially Grenada, which just recently unveiled a fast-track CBI approval program targeting Ultra high Net Worth individuals. CBI has become a drug for fattening up East Caribbean state budgets and coffers, allowing those countries to maintain excessive number of government employees, rather than developing the private sector job market; whether now there will be massive cutbacks in government agencies we cannot say, but as soon as the Gold Green Card program becomes available in the US, watch new CBI & CIP sales drop off, The Caribbean versions of Elon will be making government employees redundant; Watch for it.
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