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Feds grant eminent domain as collateral to China for US debts.
LiveLeak ^
| February 26, 2009
| Staff
Posted on 03/09/2009 1:20:28 PM PDT by La Enchiladita
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To: 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 Federal government does not have the Constitutional authority to conclude such an agreement.
That means there's nothing to stop them.
21
posted on
03/09/2009 1:30:19 PM PDT
by
Carry_Okie
(The environment is too complex and too important to manage by central planning.)
To: La Enchiladita
22
posted on
03/09/2009 1:30:25 PM PDT
by
jazusamo
(But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
To: La Enchiladita
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.
23
posted on
03/09/2009 1:30:26 PM PDT
by
DogBarkTree
(Sometimes you have to let it go in order to get a Grip.)
To: La Enchiladita
24
posted on
03/09/2009 1:30:32 PM PDT
by
reagan_fanatic
(Let the 2nd American Revolution begin!)
To: La Enchiladita
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.
25
posted on
03/09/2009 1:31:07 PM PDT
by
devere
To: kidd
Absolutely. That type of agreement has to be ratified.
To: La Enchiladita; Admin Moderator
PLEASE DON’T POST CRAP FROM CRAP SITES
27
posted on
03/09/2009 1:31:45 PM PDT
by
jiggyboy
(Ten per cent of poll respondents are either lying or insane)
To: La Enchiladita
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.
28
posted on
03/09/2009 1:31:49 PM PDT
by
papasmurf
(Trow da' bum out!)
To: La Enchiladita
Remember, this is a leak. So we don't know if true.It's not.
29
posted on
03/09/2009 1:32:09 PM PDT
by
Arguendo
To: La Enchiladita
30
posted on
03/09/2009 1:33:28 PM PDT
by
mysterio
To: AuntB
It is apparent, however, that Hillary offered them something to take on our debt.They want to buy our debt. It drives up our currency relative to theirs, helping their export industries.
31
posted on
03/09/2009 1:34:00 PM PDT
by
Arguendo
To: La Enchiladita
There is a rich store of nativist and jingoistic
Yellow Peril material from the 19th and early 20th Century, that illustrates the apprehension this supposed development evokes.
32
posted on
03/09/2009 1:34:09 PM PDT
by
Plutarch
To: TheZMan
33
posted on
03/09/2009 1:35:18 PM PDT
by
OKSooner
("He's quite mad, you know." - Sean Connery to Honor Blackman in "Goldfinger".)
To: TheZMan
If true, it would probably lead to Civil War. I doubt O would be so obvious.
34
posted on
03/09/2009 1:37:59 PM PDT
by
GeronL
(Will bankrupting America lead to socialism?)
To: La Enchiladita
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.
35
posted on
03/09/2009 1:38:27 PM PDT
by
ChicagahAl
(Don't blame me. I voted for Sarah.)
To: Non-Sequitur
If you see it, let me know.
I may live in OHio but I’m from Missouri...Show Me!
36
posted on
03/09/2009 1:40:55 PM PDT
by
griswold3
(a good story is more compelling than the search for truth)
To: La Enchiladita
Here`s another meter. Hoping it`s rumor.
To: Non-Sequitur
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”.
38
posted on
03/09/2009 1:41:16 PM PDT
by
staytrue
(YES WE CAN, (everyone should get in the practice of saying it, it will soon be mandatory))
To: kidd
"Legally, Congress would have to ratify such an agreement." Back in the days of the Constitution you would have been correct.
39
posted on
03/09/2009 1:43:52 PM PDT
by
Joe 6-pack
(Que me amat, amet et canem meum)
To: kidd
Legally, Congress would have to ratify such an agreement. 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!
40
posted on
03/09/2009 1:44:05 PM PDT
by
Road Warrior ‘04
(I'll miss President Bush greatly! Palin in 2012!)
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