AMERICA CONFIRMS ITS EXISTENTIAL THREAT TO FOUR OF THE CBI PROGRAMS OF THE ROGUE EAST CARIBBEAN STATES

As predicted, US Secretary of State Marco Rubio, in a reported global diplomatic note, confirmed what the leaders of the Eastern Caribbean states that sell economic citizenships have long feared; unless four of them, ST. KITTS, ST. LUCIA,  DOMINICA, and ANTIGUA & BARBUDA make major changes to their rogue CBI passport sales programs, all their nationals will be hereafter denied entry into the United States. It is a political nightmare come true for corrupt Caribbean leaders who have been personally getting rich, and feeding their dysfunctional domestic economies on CBI fees.

Secretary Rubio did not pull any punches; he asserted that Passport Fraud, and the granting of citizenships with passport privileges without any residential requirements, were two of the principal reasons for the American government's actions. Given the imminent loss of access to the US by their citizens, many of whose expat relatives reside there, and who rely extensively upon the importation of American goods and services, you can expect a political explosion against the existing political leadership in those three countries, due to the fear and loathing the voting public must now be experiencing. Whether CBI programs there can actually be effectively reformed is an open question. Will they cease to exist in the affected countries? We cannot say, but regime change is a definite possibility, as are arrests of those officials who arrogantly broke CBI laws and regulations, some of who carry criminal liability.

The focus in the controversial investment migration industry, which offers economic passports to the public, should now shift to other jurisdictions that are generally free from the complaints directed at those of the Eastern Caribbean, actually have effective due diligence programs, and will possibly retain the privileges that the Caribbean schemes appear to be losing due to their failure to police themselves. Tomorrow, at an industry conference scheduled to commence in New York, there will be an opportunity for the economic passport industry, to refocus on the more legitimate offerings available in the marketplace; We hope that they choose to do so.

A final note; while we see that GRENADA  has been omitted from the State Department hit list, they should not rest easy, amid rumors of a second phase of enforcement have emerged, and that state has a lot to be nervous about.