Damm We May Be Fucked!!!

popimppete

wannabe star
Registered
Go to link for more info.

http://www.liveleak.com/view?i=0f8_1235673139



I did not realize that this option even existed for our country. What a frightening thing we have done to our nation in this last election. We were warned, but like Israel, we thought we could get by with it. We do need to pray daily for our precious nation and our freedoms.
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> Subject: Fw: FEDS GRANT EMINENT DOMAIN
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> Feds grant eminent domain as collateral to China for US debts.
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> February 26, 2009
> FEDS GRANT EMINENT DOMAIN AS COLLATERAL TO CHINA FOR U.S. DEBTS!
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> 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 continued purchase of US Treasury Notes and existing US Currency reserves!
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> 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 of20China 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.
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> 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.
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> This is an unimaginable betrayal of every man, woman and child in the USA. An outrage worthy of violent overthrow.
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> 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.
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> More details as they become available. . . . . spread the word ASAP.
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:smh:
 
Don't post this stuff unles you have a source.

:(

That liveleak link isn't going to cut it.
 
this came from Bloomberg on Feb, 11. I can't confirm the OP but it is a very sobering article. All this stimulus money has to come from somewhere though

http://www.bloomberg.com/apps/news?pid=20601009&sid=a_dsDz145J_A

China Needs U.S. Guarantees for Treasuries, Yu Says (Update2)


By Belinda Cao and Judy Chen

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.

Benchmark 10-year Treasury yields climbed above 3 percent this week on speculation the government will increase borrowing as President Barack Obama pushes his $838 billion stimulus package through Congress. Premier Wen Jiabao said last month his government’s strategy for investing would focus on safeguarding the value of China’s $1.95 trillion foreign reserves.

China may voice its concerns over U.S. government finances and the potential for a weaker dollar when Secretary of State Hillary Clinton visits China on Feb. 20, according to He Zhicheng, an economist at Agricultural Bank of China, the nation’s third-largest lender by assets. A People’s Bank of China official, who didn’t wish to be identified, declined to comment on the telephone.

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.”

Chinese Foreign Ministry Spokeswoman Jiang Yu said yesterday that talks with Clinton would cover bilateral relations, the financial crisis and international affairs, according to the Xinhua news agency.

The dollar fell 0.6 percent to 89.96 yen today on concern that the U.S. government’s bank-rescue plan will fail to revive lending. Treasuries declined as investors prepared to bid for a record $21 billion sale of 10-year notes today. The yield on the benchmark 10-year note rose three basis points to 2.83 percent.

Currency Reserves

“These comments are some sort of a threat but of course China can never get such a guarantee,” said Thomas Harr, a currency strategist at Standard Chartered Plc in Singapore. The U.S. may assure China that it will clean up the financial system and that it “won’t push for a weaker dollar but they can’t promise not to increase the fiscal deficit,” he said.

U.S. government bonds returned 14 percent last year including price gains and reinvested interest, the most since rallying 18.5 percent in 1995, according to indexes compiled by Merrill Lynch & Co. Concern that the flood of bonds would overwhelm demand caused Treasuries to lose 3.08 percent in January, the steepest drop in almost five years, Merrill data show.

China’s loss of more than $5 billion from investing $10.5 billion of its reserves in New York-based Blackstone Group LP, Morgan Stanley and TPG Inc. since mid-2007 may increase its demand for the relative safety of Treasuries.

“The government will be a net buyer of Treasuries in the short term because there’s no sign they have changed their strategy,” said Zhang Ming, secretary general of the international finance research center at the Chinese Academy of Social Sciences in Beijing. “But personally, I don’t think we should increase holdings because the medium- and long-term risks are quite high.”

Fed Buying

Bill Gross, co-chief investment officer of Pacific Investment Management Co., said on Feb. 5 the Federal Reserve will have to buy Treasuries to curb yields as debt sales increase. Fed officials said Jan. 28 they were “prepared” to buy longer-term Treasuries.

The biggest concern for China to continue buying U.S. Treasuries is that if Obama’s stimulus doesn’t work out as expected, the Fed may have to print money to cover the deficit,” said Shen Jianguang, a Hong Kong-based economist at China International Capital Corp., partly owned by Morgan Stanley. “That will cause a dollar slump.”

China’s foreign-exchange reserves grew about $40 billion in the fourth quarter, the least since mid-2004, as an end to yuan appreciation since July prompted investors to pull money out.

The world’s third-biggest economy grew 6.8 percent in the fourth quarter, the slowest pace in seven years. Policy makers announced a 4 trillion yuan ($585 billion) economic stimulus plan in November to spur domestic demand.

Linking Disputes

Yu said China has no plans to channel its reserves toward stimulating its own economy because its trade surplus is sufficient to fund any import needs. China’s trade surplus was $39 billion in January.

China “should diversify its reserves away from U.S. Treasuries if the value of China’s foreign-exchange reserves is in danger of being inflated away by the U.S. government’s pump- priming,” he said.

China may try to link trade and currency policy disputes to its future investment in Treasuries, said Lu Zhengwei, an economist in Shanghai at Industrial Bank Co., a Chinese lender partly owned by a unit of HSBC Holdings Plc.

U.S. Treasury Secretary Timothy Geithner accused China on Jan. 22 of “manipulating” the yuan to give an unfair advantage to its exporters. The currency has dropped 0.16 percent this year to 6.8342 per dollar, following a 21 percent gain since a peg against the dollar was abandoned in July 2005.

“China can also use this opportunity to get a promise from the U.S. not to make inappropriate requests on bilateral trade and the Chinese yuan,” Lu said. “We can’t afford more yuan appreciation as the economy is facing a serious slowdown.”

To contact the reporters on this story: Belinda Cao in Beijing at lcao4@bloomberg.net; Judy Chen in Shanghai at xchen45@bloomberg.net.
 
<font size="5"><center>Did Hillary really pledge U.S. homes to China?</font size><font size="4">
State Department says 'no basis' for claim eminent
domain rights offered as collateral for debt</font size></center>


© 2009 WorldNetDaily
By Jerome R. Corsi
March 02, 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 Little Green Footballs blog traced the story to an unsigned post at LiveLeak.com that claimed an unnamed source at the U.S. Embassy in Beijing had "confirmed" that Clinton brought the agreement with her to China.

Little Green Footballs also referenced a similar story written by talk-radio host Hal Turner that reproduced the LiveLeak.com story virtually word-for-word.

The now-discredited story seemed to gain emotional energy from the unfounded fear that "our federal government has now granted to China this power to 'take' our homes and businesses in the event the U.S. government defaults on its debts."

WND has reported the U.S. Treasury is planning to raise $2.5 trillion in debt in 2009 and an additional $4 trillion in 2010 to provide financing for the projected Obama administration deficits.


http://worldnetdaily.com/index.php?fa=PAGE.view&pageId=90491
 
<font size="5"><center>Did Hillary really pledge U.S. homes to China?</font size><font size="4">
State Department says 'no basis' for claim eminent
domain rights offered as collateral for debt</font size></center>


© 2009 WorldNetDaily
By Jerome R. Corsi
March 02, 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.

http://worldnetdaily.com/index.php?fa=PAGE.view&pageId=90491

:) When did Jerome Corsi (Author of the Obama Nation & Unfit For Command) become a credible source on BGOL?

Hal Turner (white supremist) is not a good source, however, that Bloomberg article is interesting. Something happened over there last week!!!!
 
Don't post this stuff unles you have a source.

:(

That liveleak link isn't going to cut it.

QueEx, come on. Worldnetdaily, Live Leak without sources? You do know that the republicans are trying to strike fear about the budget. Remember their surrogates. HOWEVER, if the economy tanks a whole lot further, we will be endangering of loosing our AAA credit rating.
 
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QueEx, come on. Worldnetdaily, Live Leak without sources? You do know that the republicans are trying strike fear about the budget. Remember their surrogates. HOWEVER, if the economy tanks a whole lot further, we will be endangering of loosing our AAA credit rating.

I agree with your view towards WND; however, I followed AND read the material at the links posted in the WND article and it appears to me that there is in fact no basis to believe the information posted in the lead post in this thread.

QueEx
 
I agree with your view towards WND; however, I followed AND read the material at the links posted in the WND article and it appears to me that there is in fact no basis to believe the information posted in the lead post in this thread.

QueEx

Whether left or right, ALWAYS consider the source!
 
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