TRUMP ANNOUNCES NEW US GOLD CARD

For about $5 million, a new gold card could be yours and it could also mean you’re en route to gain citizenship in the United States.

This was announced by President Donald Trump as he held a press conference in the Oval Office this week.

“You have a green card, this is a gold card. It’s going to give you green card privileges plus it’s going to be a route to (American) citizenship,” Trump said.

The $5 million gold car will replace the country’s current “EB-5” immigrant investor visa for foreign job-creators. Trump’s administration wants the gold card to replace the current EB-5 visa as they see it as full of “nonsense” and “fraud”.

The EB-5 visa was launched in 1990 to invite foreign investors into the country. One of the requirements is that investors had to invest about $1 million in a company with at least 10 employees.

That investment would then give foreign investors an immediate green card and eventual citizenship.

Howard Lutnick, Trump’s commerce secretary, said the programme is priced too low and it’s currently being exploited.

“The EB-5 programme… It was full of nonsense, make-believe and fraud, and it was a way to get a green card at a low-price. So the president said, rather than having this sort of ridiculous EB-5 programme, we’re going to end the EB-5 programme.”

Lutnick added that applicants will have to undergo vetting to ensure they’re “wonderful, world-class global citizens”.

Image credit: YourStory.com