Skip to comments.Feds grant eminent domain as collateral to China for US debts.
Posted on 03/09/2009 1:20:28 PM PDT by La Enchiladita
Beijing, China -- Sources at the United States Embassy in Beijing China have just CONFIRMED to me that the United States of America has tendered to China a written agreement which grants to the People's Republic of China, an option to exercise Eminent Domain within the USA, as collateral for China's con More..tinued purchase of US Treasury Notes and existing US Currency reserves!
The written agreement was brought to Beijing by Secretary of State Hillary Clinton and was formalized and agreed-to during her recent trip to China.
This means that in the event the US Government defaults on its financial obligations to China, the Communist Government of China would be permitted to physically take -- inside the USA -- land, buildings, factories, perhaps even entire cities - to satisfy the financial obligations of the US government.
Put simply, the feds have now actually mortgaged the physical land and property of all citizens and businesses in the United States. They have given to a foreign power, their Constitutional power to "take" all of our property, as actual collateral for continued Chinese funding of US deficit spending and the continued carrying of US national debt.
This is an unimaginable betrayal of every man, woman and child in the USA. An outrage worthy of violent overthrow.
I am endeavoring to obtain images or copies of the actual document but in the interim, several different sources both in the US and in China have CONFIRMED this to me.
I'll wait for the actual documents if you don't mind.
The BS meter is pegged on this one.
Legally, Congress would have to ratify such an agreement.
it will be a bloodbath. If that happened, there would be blood in the streets.
This is huge if true. Giant.
But with these Bozos in Washington, who knows?
They can start with all those liberal voter properties that voted for The 0 ..... with O’s place first ....
This had dammed well BETTER not be true!!!!!!!
Still rumor, no actually facts or documents yet.
I doubt this is true. About a decade to early.
Nothing personal but this sounds like BS.
Been posted a few times but nobody has been able to confirm it through legit sources so it keeps getting yanked.
Bad news if true, and definitely shooting worthy imo, but I don’t believe it.
Scary, Im sure this isnt true. Hell, I dont know what to believe anymore. Im sure MSM wont ask?
Yes, we don’t know if it’s true.
It is apparent, however, that Hillary offered them something to take on our debt. What else do we have to offer? China is not going to bail us out without getting more than they deserve. SOP.
I’m reading Edward Gibbon, currently, and so this isn’t too surprising.
The Federal government does not have the Constitutional authority to conclude such an agreement.
That means there's nothing to stop them.
Not going for this.
I heard about this a while back. I sure would like to get a confirm. It seems beyond belief but considering what now lives in the WH I would not be surprised.
It greatly pains me to have to admit that people on the right lie almost as much as those on the left. As the late Dr Michael Crichton wisely observed, we live in the disinformation age. I need some hard proof to believe this particular story.
Absolutely. That type of agreement has to be ratified.
PLEASE DON’T POST CRAP FROM CRAP SITES
I’m surprised this thread is still here. The last two or three were pulled quickly.
Maybe it’s the disclaimer you used.
Most rumors have some basis in fact. I believe this one does.
What’s the source, API?
They want to buy our debt. It drives up our currency relative to theirs, helping their export industries.
Hugh, and series.
If true, it would probably lead to Civil War. I doubt O would be so obvious.
I don’t think we need to offer the Chinese any incentives to buy our debt.
They have to do something with their dollars, and though it may seem strange, all the other currencies are in worse shape than the USD.
If you see it, let me know.
I may live in OHio but I’m from Missouri...Show Me!
It sounds ridiculous, but this is a time for ridiculous measures like a 3.6 trillion budget with a 1.8 trillion deficit that obama proposed.
Basically, our treasury notes may be worthless and the chinese may want to dump them if not for some guarantee.
Dumping the notes by the chinese would cause a worldwide run on the dollar effectively “bombing the world back to the stone age”.
Back in the days of the Constitution you would have been correct.
First, legality means nothing to this Congress. Second, it might be buried in the porkulus package. But, how would we know, no one read it!
H.R. 1105 Omnibus Appropriations Act, 2009
February 24, 2009
H.R. 1105 Omnibus Appropriations Act, 2009
Managers: McGovern / Sessions
Motion offered by Foxx
To make in order and provide the appropriate waivers for amendment #6, offered by Rep. Goodlatte (R-VA), which would prevent funds in the bill from being used to exercise the power of eminent domain to take private property from a private entity and give that property to another private entity, while exempting certain enumerated uses, such as highways, prisons, public utilities, and in cases of national emergencies or national disasters declared by the President.
Defeated 4 to 7*
See post 41
To them, the thought of taking orders from a Communist commisar is probably a wet dream.
“It is apparent, however, that Hillary offered them something to take on our debt. What else do we have to offer? China is not going to bail us out without getting more than they deserve. SOP”
For the love of god, people, please research this topic. Not on Sinophile sites or Sinoscare sites. Google some monetary econ blogs and read a little bit. China doesn’t need to be “offered something” to keep “taking on” our debt, China buys our debt because it has to for many reasons, all of which relate to its own economic survival.
Repeating, China buys our debt for the same reason it has ALWAYS bought our debt and will continue to buy our debt at varying levels - because it NEEDS to.
It is not complicated to understand this.
You may have to wait a long time, even if it’s true. This admin. can hide birth certificates, school transcripts, theses, and close relatives for indefinite periods of time.
Crackpots and FR - it’s getting tiresome.
I think hiding something like this would be even more difficult...at least I would hope.
Why wouldn’t this be true? The SCOTUS already said it was ok to take land so someone else could make more money from it(Kelo). If China, or anyone else bought our debt, what other collateral would they have? Our worthless money?
The sad thing is that many people would believe this or not be surprised if it turns out to be true. I don’t believe it now, but I wouldn’t be surprised.
Time for affirming your state’s rights in your state legislature. Be prepared to back it up.
Also, buy more ammo.
So the day will come when Wun-hung-lo comes to my door and orders me from “his” house? My internal “caca grande” meter is buzzing like hell. Not that I would put it past der Fuhrer, but I think that this would be the type of news even his wholly owned and operated MSM couldn’t keep quiet. And woe to him and his brownshirts if it should get out and be proven. Nope. Don’t buy it. But then I was wrong about the Jets/Colts Super Bowl too!
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