US cedes Eminent Domain to China

by JASON | 7:47 PM in |

Beijing, China -- 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 continued purchase of US Treasury Notes and existing US Currency reserves!

On February 11, Bloomberg Business News reported that China was seeking "guarantees" for its US Government debt (Story Here), and it now appears they got it. Well placed senior sources at the US Embassy in Beijing CONFIRM the formal written agreement was delivered by Secretary of State Hillary Clinton 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 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.
http://halturnershow.blogspot.com/2009/02/feds-grant-eminent-domain-as-collateral.html

Before you run off to Walmart to buy up any ammo they have in stock....I'm diving deep for more sources besides one man's blog...I will keep you updated...I also appreciate any links or additional information. Thank you in advance!

Here's the update as of March 5th 2009...

The State Department says there is "no factual basis" to an Internet rumor that went viral over the weekend claiming Secretary of State Hillary Clinton was willing to pledge American homes to China as collateral for Beijing buying U.S. debt.

The rumor, in various versions, claimed Clinton brought with her last month to Beijing a written agreement offering to extend to China the option to exercise eminent domain rights within the U.S. The rights purportedly were offered as collateral for China's continued willingness to purchase additional trillions of dollars in U.S. Treasury debt the Obama administration hopes to sell to finance projected federal budget deficits.

"There is no factual basis or substance to this report," Laura Tischler, a State Department press officer, e-mailed WND in response to an inquiry.

The massive amount of U.S. Treasury debt financing
is projected to increase the current $10 trillion national debt by 65 percent in just the first two years of the Obama administration.

Underlying the Internet rumor was the fact that a major purpose of Clinton's February trip to China was to make sure the Chinese would continue to buy U.S. Treasury debt in the trillions of dollars the Obama administration will need to fund the massive budgetary deficits planned for economic bailouts and an unprecedented expansion of the welfare state.

China and Japan are the two largest holders of U.S. Treasury debt, with China currently owning some $800 billion in Treasury debt securities.
http://worldnetdaily.com/index.php?fa=PAGE.view&pageId=90491

While bloggers go into a frenzy about a rumor that Secretary of State Hillary Clinton gave Eminent Domain rights to China, which has been denied by the U.S. State Department, they ignore the real threat from one of the fastest growing economy's in the world.

These are the things that should give them concern:

* China owns 40% of our debts and that leaves the U.S. helpless if it decides to invade any of its allies. Or if it supports a North Korean attack on South Korea.

* If China decides to cash in the U.S. bonds it owns, there would be a total financial collapse of United States. If it decides to stop buying bonds, the U.S. Treasury would have to speed up the printing of dollars which would lead to crippling inflation.

* China has been on a major shopping spree investing in energy and natural resources all over the world, including in Brazilian, Russia and Venezuela oil and Australia's aluminium and zinc production.

There is much to worry about how hostility from China could affect the United States so worrying about Eminent Domain rumors is wasting a lot of energy that could be used in trying to understand the purpose of Clinton's trip to China and be grateful for what she has accomplished in keeping the U.S. from a total economic collapse.
http://www.examiner.com/x-2547-Watchdog-Politics-Examiner~y2009m3d3-Rumors-of-USChina-and-Imminent-Domain-drive-bloggers-mad

Feb. 11 (Bloomberg) -- China should seek guarantees that its $682 billion holdings of U.S. government debt won’t be eroded by “reckless policies,” said Yu Yongding, a former adviser to the central bank.

The U.S. “should make the Chinese feel confident that the value of the assets at least will not be eroded in a significant way,” Yu, who now heads the World Economics and Politics Institute at the Chinese Academy of Social Sciences, said in response to e-mailed questions yesterday from Beijing. He declined to elaborate on the assurances needed by China, the biggest foreign holder of U.S. government debt.

Clinton Talks

“In talks with Clinton, China will ask for a guarantee that the U.S. will support the dollar’s exchange rate and make sure China’s dollar-denominated assets are safe,” said He in Beijing. “That would be one of the prerequisites for more purchases.”
http://www.bloomberg.com/apps/news?pid=20601009&sid=a_dsDz145J_A

BEIJING (AFP) — US Secretary of State Hillary Clinton Sunday urged China to keep buying US debt as she wrapped up her first overseas trip, during which she agreed to work closely with Beijing on the financial crisis.

Clinton made the plea shortly before leaving China, the final stop on a four-nation Asian tour that also took her to Japan, Indonesia and South Korea, where she worked the crowds to try to restore America's standing abroad.

In Beijing, she called on authorities in Beijing to continue buying US Treasuries, saying it would help jumpstart the flagging US economy and stimulate imports of Chinese goods.

"By continuing to support American Treasury instruments the Chinese are recognising our interconnection. We are truly going to rise or fall together," Clinton said at the US embassy here.

Later, Clinton met Chinese women's rights advocates at the US embassy but continued to steer clear of speaking on contentious human rights issues.

Instead, while taping an interview on a Chinese talk show, she focused on the need for China to help finance the massive 787-billion-dollar US economic stimulus plan by continuing to buy US Treasuries.

"Because our economies are so intertwined the Chinese know that in order to start exporting again to its biggest market, the United States had to take some very drastic measures with this stimulus package," Clinton said.

"We have to incur more debt. It would not be in China's interest if we were unable to get our economy moving again."

Clinton added: "The US needs the investment in Treasury bonds to shore up its economy to continue to buy Chinese products."

The US secretary of state had said on Saturday after meetings with China's leaders that Beijing was still confident in US Treasury bonds and expressed Washington's appreciation for the investments.

China is the top holder of US Treasury bills, with 696.2 billion dollars worth of the securities in December followed by Japan with 578.3 billion dollars, according to the latest official data from Washington.
http://www.google.com/hostednews/afp/article/ALeqM5gJZwal-FyDCKN574I85oUhWCwIxg

On March 13th 2008, there was a secret closed door meeting of The United States House Of Representatives in Washington. In the history of The United States, this is only the fourth time a secret meeting was held by the House.

Here is what was allegedly revealed to the Reps:

* The imminent collapse of the U.S. Economy to occur sometime in late 2008

* The imminent collapse of the U.S. Government finances sometime in mid 2009

* The possibility of Civil War inside the United States as a result of the collapse

* The advance round-ups of 'insurgent U.S. Citizens' likely to move against the government

* The detention of those rounded up at The REX 84 Camps constructed throughout the United States

* The possibility of public retaliation against members of Congress for the collapses (especially Pelosi?)

* The location of safe facilities for members of Congress and their families to reside during massive civil unrest

* The necessary and unavoidable merger of The U.S. with Canada and Mexico establishing The North American Union

* The issuance of a new currency called the AMERO for all three nations as an economic solution.
http://www.afterdowningstreet.org/node/34877

The Russian's are excited and chattering away about it...link to same article though...

http://www.rtvslo.si/modload.php?&c_mod=forum&op=viewtopic&topic_id=23644&forum=122&post_id=1558215

Beijing - General Motors is doing it. The world's second-largest mining group is doing it. Russia, Brazil, and Venezuela are doing it. And China is loving it.

Squeezed between falling profits and the credit crunch, a growing number of troubled corporations and countries are turning to cash-rich China for a bailout. And with foreign assets cheaper than they have been for years, Beijing is on an international spending spree.

"The international financial crisis ... is equally a challenge and an opportunity," China's energy czar, Zhang Guobao, wrote recently in the official newspaper People's Daily. "The slowdown ... has reduced the price of international energy resources and assets and favors our search for overseas resources."

So far, the government has concentrated on natural-resource deals, securing supplies of oil and minerals in return for large amounts of cash. But private Chinese firms are also taking advantage of the crisis in other sectors: Diesel-engine giant Weichai Power is expected to buy a French plant that US automaker General Motors is selling off in its struggle to survive.
http://www.csmonitor.com/2009/0223/p01s03-wosc.html

President Barack Obama on Thursday unveiled the most expansive blueprint for federal government involvement in the US economy in more than a generation in a ten-year budget outline that showed this year’s deficit quadrupling to $1,750bn.

The document, which lays out ambitious plans to create universal health insurance and adopt an economy-wide carbon permit trading system by 2012, was heavily panned by Republicans.
http://www.ft.com/cms/s/0/6178d80e-03f7-11de-845b-000077b07658.html?nclick_check=1

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