Hope This Isn't True - BO Grants China US Property As Collateral For Loans

Discussion in 'Politics' started by Burp, Mar 1, 2009.

  1. Burp
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    Burp Always carry, never tell

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    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 continued 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.

    From: Feds Grant Eminent Domain As Collateral To China For U.S. Debts! | Ron Paul Wins! | Campaign for Liberty at the Daily Paul

    China was looking for guarantees for repayment.
     
  2. Xenophon
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    Xenophon Gone and forgotten

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    Frankly I don't believe that.
     
  3. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    im not sure that would be legal.
     
  4. xotoxi
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    xotoxi Platinum Member

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    And in other news, the Pope Converts to Judaism.
     
  5. raceright
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    raceright Member

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    Frankly I don't doubt it, reason for 2nd amendment
     
  6. DiveCon
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    DiveCon gone

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    coming from THAT source, i highly doubt it myself
     
  7. Burp
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    Burp Always carry, never tell

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    I'm with you all - just can't see this happening.

    Hope we are right.
     
  8. elvis
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    elvis BANNED Supporting Member

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    who the hell is fico?
     
  9. michiganFats
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    michiganFats BANNED

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    I'm calling bullshit on this one.
     
  10. jillian
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    jillian Princess Supporting Member

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    Ditto... and the underlying article from Bloomberg says nothing about putting up US property as security.
     

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