Posted By DoNotTreadOnMe
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!
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.
This is an unimaginable betrayal of every man, woman and child in the USA. An outrage.
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.
More details as they become available. . . . . spread the word ASAP.
-------------- UPDATE 1:40 pm EST
Eminent Domain is the power of government to TAKE private property for public use without the consent of the property owner. Under our Constitution, the government can only "take" when providing "just compensation" for what they've taken.
Who decides what constitutes "just compensation?" The government!
Homeowners who felt the government was not paying them enough for property in past "takings" have filed lawsuits. In absolutely every such case, the value placed upon the property by the government was upheld by the courts.
Our federal government has now granted to China, this power to "take"our homes and businesses in the event the US Gov't defaults on its debts. Let's play this out as a worst case scenario. . . . . .
The US Gov't goes belly-up and China comes in and says, "they owed us $2 Trillion in Treasury Notes and another $2 Trillion in actual cash money which is now worthless. We are taking the entire state of Hawaii and the entire state of California in lieu of this bad debt. "
With the stroke of a Chinese chop stick, Hawaii and California -- all the land and buildings in those states -- are now owned by China.
The "taking" would be a "valid public use" because it was "taken" in payment of the public debt!!!!
China could then turn around and declare the value of all that land to be worth. . . . . I dunno, ten cents on a dollar?
For your $200,000 house, you get a Chinese check for $20,000.
Needless to say, the property owners would go ballistic and demand "just compensation" for what was taken. Who gets to decide what is "just?" China! Don't think you got a fair price for what they took? No problem, sue China.
You'll lose.
People who live in those states and own their land outright, might be able to negotiate with China to "rent" back their own property, as long as the property owner continued to pay all his taxes; but the land and buildings would belong to China!
This is what our own Government has just done to us and it is the single most vile act of betrayal in the history of human existence.
------------- SECOND UPDATE 3:48 PM
In early February nine U.S. States began the process of re-asserting their Sovereignty pursuant to the Ninth and Tenth Amendments to the US Constitution; declaring null and void any actions by Congress that violated the Constitution.
At the time, I wrote about those state efforts (Here) and wondered why so many states were taking-up such an arcane issue in such a seemingly urgent fashion. I guess now, we know why.
The states were obviously privy to what the feds were planning to do with granting Eminent Domain to China. The states took action to make certain the feds couldn't give away cities or the states themselves!
This situation is going to get VERY ugly, VERY fast as one sovereign power (the feds) try to literally give away the land of other sovereign powers, (the states). This is the type of thing that starts civil wars.
Our present federal government makes the treachery and betrayal of Benedict Arnold look like child's play.
China Needs U.S. Guarantees for Treasuries, Yu Says
http://www.abovetopsecret.com/forum/t...
http://www.bloomberg.com/apps/news?pi...
In case you missed it or want to see it again here it is the Full Video of the Third 2008 Presidential Debate with Sen. John McCain (R-AZ) and Sen. Barack Obama (D-IL).
1 Hour 30 minutes. [TIP: If Video is choppy, click on pause and wait until a red band appears in the bar at the bottom]
The big Question is - Who do you trust? Look at the History: Past voting records, Past associations, Who has lied? Who has been overly secretive about his past? Who has accepted Campaign Financing from Muslim Terrorists?
The Answer is Obama!
Now look at this video, watch Slick Barry smooth talk his way around this Debate, What’s your Gut telling you? Mines queasy whenever Barack opens his mouth. I know the truth, he isn’t telling it.
Just one point, one small point regarding voting against legislation to prevent the killing of Babies or letting them die in a dirty linen closet if they survive an abortion. Slick Barry said there already was a law on the books for that….
Oh, really??? Then why were Hospitals doing that??? Why were they killing the survivor babies by not tending to them??? Why didn’t Barry pursue Legal action against these Hospitals if there really was a Law on the books that allowed them to save the Babies. The Legal Eagles at the Hospitals knew there was no such requirement and no protection from lawsuits if the did implement a policy of administering to the Live Babies! That’s why the very Laws he voted against were up for Vote!!! He voted against these Bills and gave us all a Bull Sh** Sandwich to eat. Quite a “Spin Doctor Barry”. Now with this in mind watch the Video with awareness. (And don’t eat any of Barry’s B.S. Sandwiches)
—Al (Grumpy Old Man)
