Skip to comments.China poised to play debt card
Posted on 01/20/2013 5:50:39 PM PST by Nachum
NEW YORK Could real estate on American soil owned by China be set up as development zones in which the communist nation could establish Chinese-owned businesses and bring in its citizens to the U.S. to work?
Thats part of an evolving proposal Beijing has been developing quietly since 2009 to convert more than $1 trillion of U.S debt it owns into equity.
Under the plan, China would own U.S. businesses, U.S. infrastructure and U.S. high-value land, all with a U.S. government guarantee against loss.
Yu Qiao, a professor of economics in the School of Public Policy and Management at Tsighua University in Beijing, proposed in 2009 a plan for the U.S. government to guarantee foreign investments in the United States.
(Excerpt) Read more at wnd.com ...
“Thats coming only first in line to buy what is ours will be the Wall St bankers that we bailed out...”
I can’t say that I disagree with that...
The Chinese built the railroads through the Sierra; give them the railroads.
When are the Chi-Coms going to pay the rest of what they owe us?
United States Free Enterprise, INC.
Your Treasury certificates are your payment receipts. Thank you.
Free trade is what causes depressions you idiot. Look around America today. Those unemployed Obama voters want your tax money. How's your moronic free trade libertarianism working out for ya! When I grew up those people had the option of decent paying factory jobs. But when you send their jobs to China then they want your tax money (Obama bucks) to live on
As much as you believe in stupid illogical discredited shit like free trade....They believe even more in getting Obama to grab your taxes and give it to them via Obama-Care and our vast Federale welfare system
Something like this is happening in BC with a coal mine China owns and wants to use its own workers under so called temporary work permit. This allows wages set below the usual minimum wage. Court proceedings are underway to substantiate if citizens were indeed offered these jobs first as the Chinese company alleges.
No they have chosen a community about 35 miles west “Saline” Michigan where they want to build a McMansion Community and be State Residents. My guess is so they can get In-State Tuition at the University of Michigan for starters....
What do expect from World Nut Daily???
So I should pay extra so I can keep some brain dead union slob employed?? I should not buy anything that is not cheap??
Good point but the alarm clock went off four years ago. Way too many people rolled over, slapped the snooze button and went back to sleep.
Your misunderstanding of the way of the world seems near total. We no longer live in a world of limited travel, of limited communications of limited business. We live in a world of global trade.
Global trade means that the products we consume are sourced globally. Your PET/CT Scan is likely done on a machine and with equipment containing components from all over the world. Your TV set or smart phone or automobile contains elements from all over.
I think that if you knew about American very small corporations that operate in many many places in the world you would be astounded. They have very few employees, less than a hundred or so but compete in global markets because they have truly great products.
The corporations are not greedy, the multinationals are capitalist. You seem to oppose capitalism at it’s most basic level. You seem to oppose the freedom to have and grow a business.
Opposition to capitalism and to freedom are very telling attributes.
Global corporations lobbying our Congress to allow them to produce and outsource technology that US taxpayers subsidized, and that negativley impacts our security is not in our national interest.
Contrary to the opinion of globalists, national security and sovereignty should always (we know it doesn’t because they own our politicians) trump Wall St and profits.
Good points. The problem hasn’t been free trade, its been unfair trade where our markets were open and our trading partners kept our products out.
Global corporations wanting to expand their markets in Asia sell out American technology by convincing our elected officials like Clinton and other in both Parties to sell out the USA. I call them Trojan Horses because their interests may be in total conflict with US sovereignty and security. There is a good article in WSJ or Forbes about Boeing cutting its throat by outsourcing major sub assemblies of the 787.
We’ve been led down a rosey path that corporate multi nationalism and one way trade is good for the USA when by most measures it has not been good.
Hate to tell ya, but have been hearing a lot about how vast tracts of federal land (which they have been seizing via Agenda 21 “preservation” subterfuge for years now) as well as natural mineral and energy resources (which the feds have been capping off and saving for them) have been collateralized to cover a lot of that debt.
You don’t really think that the Chicoms would loan us all that $$ without some collateral to secure it with, do you?
These are not stupid people we are dealing with, here.
We can’t drill our own oil because our debt holders - China in particular - essentially own it- or at least hold a lien on it.
What else can China put a lien on after our politicarats default on our debt - as we all know they will?
One economist / Accountant I spoke with back in ‘05 said that they can not only attach State and Municipal property, but assess a portion of the debt to every US Citizen and put a lien on our homes, bank accounts, and personal property as well.
If you have any trusted connections within the FED, Check it out.
Last I saw, every American (including children) now “owes” about $55,000 of the debt.
Pay up your fair share or the Chicoms can legally (apparently) repo your truck, forclose on your home, evict you out on to the street, sweep your bank accounts and take whatever else they want. If you get behind on your payments, there is always the PLA collection agency, and they play for keeps.
There is probably a loyal communist Chinese family who would love to take up residence in what used to be your home.
Ask a subject of communist China how refusing to submit and surrender their guns or any property their government wants works out for ‘em.
Once the Chicoms start pumping “our” oil, strip mining our coal and resurrecting our heavy industry, don’t expect the environmentalists to say much of anything about it.
Our ruling elite will probably be living in luxury in some distant tropical paradise, laughing about how they fleeced We the Amerikan Sheeple to the bone.
I’m speculating that we might see some version of the division of the former USofA much like what was planned following WW-II had we lost.
Instead of Japan controlling everything West of the Mississippi it will be the PRC, with everything the Nazis were planning on owning East of the big Miss becoming part of the global Islamic Caliphate.
At the moment, Communists and Islamic Supremacists get along just fine and work together swimmingly.
We’ve pretty much lost our Republic folks - how long do you think we’re going to be able to cling to it’s material remnants once it’s gone?
You should have been buying American 30 years ago onward. Never fear..... due to the loss of US jobs to China and Asia and Mexico you can now pay higher taxes to support the mobs of underpaid and unemployed Obama voters. Ain’t libertarianism grand!!
I advocate free trade libertarianism within our borders and so does our Constitution which abolished state imposts and tariffs. But not with predatory foreign nations. We maintained tarrifs on foreign imports for most of US history. They were the main source of funding to a smaller Federal Gov’t
I highly doubt the Chinese have any signed agreements with us where we pledge land and national parks for them buying over one trillion in US Treasury securities. But what could happen in a cold war or hot war situation..... Is that China will demand we “do the right thing” as far as that one trillion+ and demand land and harbors and free trade zones. Otherwise we get *perhaps* a cyber attack that ruins our electrical transmission infrastructure in a few states. Could be something else to crash the dollar? Possibilities are endless
Read Tom Clancy’s Threat Vector for more on ChiCom cyber-warfare
Re your #46 - Remember that residents of these new Chinese “communities” (we will not be allowed to call them “Colonies” or “enclaves” I don’t suppose) will all be registered to VOTE too... not that any future elections will really matter for anything any more.
Are you lost? This is not DU! This is FreeRepublic, with emphasis on “FREE”. That means freedom of expression, free trade, freedom to buy firearms, freedom from high taxes, freedom from restrictive regulations, and freedom to practice your religion.
From your senseless rant full of rude adjectives, it is obvious you have no clue. So I do not wish to get into any further debate with you since your intellectual level is not where I wish to descend to.
Excellent post! This thread has attracted a lot of anti-capitalists. They belong in DU, not here.
There are plenty of conservatives who know free trade is a farce and bad for America. Free trade is more a libertine-libertarian idea than a conservative idea. Read your American history. We had strict tariffs for many decades and they were supported by conservatives and others
Free trade is good in theory but the way it works out in the real world it works against US best interests
You are anti-American capitalism. You want other nations to take advantage of us via the phony free trade we have today. You are on the side of the capitalists in other nations. Not on the side of American capitalists who have to compete against foreign capitalists and their nations who use unfair practices and are gov’t subsidized and use predatory business practices