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Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?

 
anonymous
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01/28/2013 04:44 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
THE DISAPPEARING GOLD




[link to www.internationalman.com]
donpldp

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01/28/2013 04:48 PM
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Usa typical go's to war with countries who wants to go away from the dollar watch what I'm saying China no different than Iraq and lybia
Anonymous Coward
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01/28/2013 04:50 PM
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It is clear that almost nobody in this thread understands history, human nature, oriental culture, greed and tribal entitlement.
Anonymous Coward
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01/28/2013 04:52 PM
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It is clear that almost nobody in this thread understands history, human nature, oriental culture, greed and tribal entitlement.
 Quoting: Anonymous Coward 1310640


Explain then, or did you just want to take a jab at us.
Anonymous Coward
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01/28/2013 04:52 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
You can bet that when it folds it will be a complete surprise, because that's where the profit payoff is best.

Like in 29 it will look wonderful so all the suckers buy in at the top while the insiders cash out.
 Quoting: Anonymous Coward 1310640


Notice how the markets are currently being propped up to invite the suckers in...

However, there were economic clues well before the crash of 29...and there will be clues for this collapse for the people who know what to look for...
 Quoting: Saddletramp


apparently FTSE index broke through 6300 n the basis of good economic data from the US.... yeah right
Anonymous Coward
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01/28/2013 04:55 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
NOT ONE US ally would help in that war!!!!!!

All of the G20 have been on a trade signing bonaza with each other and China, But have left the US out of the deals.

Why would we do that?

Because the rest of the world knows and is told the US is going down and that they are a VERY UNSTABLE ECONOMY and that if countries like Canada who has the best stable economy do not take steps right now to limit exposure to the US we will fall by no means of our own.

And guess what whey have taken those steps with MASSIVE trade deals with every G20 country and a plan to start to use our massive resources for trade.
Marxist

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01/28/2013 04:57 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
The source of this information is Jim Willie, and though an admitted doomer, he is still a respected source of economic information. The timing of this information also coincides with Jim Sinclair's recent announcement that gold and silver are set for a moonshot after "this last takedown" by Central Banks ends.

Combine the information that China is now admitting they are launching a gold backed currency for world trade, with upcoming Basel III regs, and many other economic pitfalls, such as the fiscal cliff and debt ceiling negotiations, all pointing to this Spring as a date of severe stress on the dollar.

Right now everything is pointing at a window of March thru June, however that could be pushed back, depending on circumstances and Central Bank intervention. People around here know that I have a gloomy outlook on future economic conditions, but I don't do a lot of prognostication because there are so many measures they can do to intervene if the timing of a collapse isn't on their schedule, but that said... Keep a close eye on the proposed circulation date for China's gold backed currency! You won't have a lot of time after that...

The admission by China is however one of the signals I was waiting for...Keep your shit screwed tight this Spring, it could get Western around here...

The typical human reaction to any infection, vermin, danger, or toxicity is to stand back, to isolate the agent, to trap it, to prevent its further spread or release, then to remove it in a safe secure way if possible using trained professionals. Eventually decisions must be made on the level of acceptable risk on the removal, like what is willing to be lost or damaged or killed in the process. Risk analysis, cost trade-offs, and minimization decisions must be evaluated and executed. The toxic agent in global trade, global banking, and global bond market is the USDollar. In 2009, the Jackass began making a certain firm point. Those nations that depart from the entire USDollar system early will be the leading nations in the next chapter, with stronger foundations, richer solvency, emerging economies, healthier financial markets, efficient credit engines, growing wealth, stronger political helm activity, and better functioning systems generally. Imagine a contaminated blood system that infects, corrupts, and destroys all interior organs from the spread of the toxin. Those nations that stick with the crumbling USDollar system stubbornly will find a horrible fate with devastating effects, rampant economic damage, broken financial markets, sputtering credit engines, tremendous loss of wealth, wrecked supply lines, poverty spreading like wildfire, ruined political structures, social disorder, isolation from the rest of the world, and a fast ticket to the Third World. That is EXACTLY what is happening in the last several months. A division has begun, as the East has been busily installing the next generation platforms, as related to trade, banking, and commercial integration...

[link to news.goldseek.com]
 Quoting: Saddletramp


Wont work. You cannot store infinite labour surplus value in a finite value store. Capitalism (the globalisation of capital) is marked by the rise of fiat currencies whereas mercantilsm (parochial trade) utilised this particular form of value store due to its rudimentary capital exchange mechanisms. The Chinese like all exporters are dependant on capital as are all the world's nations.

The Chinese leadership know this having read Marx's Capital and are either setting up goldbugs for a major rip off or someone has their wires crossed.
 Quoting: Marxist


Communist or not, the one with the gold calls the tune.
The proles are at the mercy of the elites, and elites are all the same, narcissists and sociopaths that tolerate no equality with others
 Quoting: Anonymous Coward 1310640


Yes. But you cannot accumulate the infinite value that is arising in the finite store gold represents and eventually, raging inflation would render China's export model a moot point. In other words., for no reason other than crass stupidity, all the fat cats who are feeding of the goose of globalised capitalism will shoot themselves in the foot.

Capitalists internationally are dependent on one another. American investors on the investments in China, the Chinese on Western discount shoppers, the Arabs on continued purchase of their oil, why even the likes of Rupert Murdoch and Fox on the continued sale of bogus nationalism whilst they marry into Chinese, Muslims, Russian, Indian and other significant elites in their bid to network for liquidity.

These aren't psychopaths incidentally,. Why, if tomorrow YOU found yourself the owner of a sizeable amount of money, you would very quickly devolve to this globalist behaviour.

The system has its own inner logic. No amount of fumbling around in search of bogeymen will help you. You need to use your grey matter and reason your way through its dynamics.

The reality is far more stark than all the stupid conspiracy nonsense.
Workers of the World, Unite. You have nothing to lose but your chains!
Anonymous Coward
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01/28/2013 04:58 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
THE DISAPPEARING GOLD




[link to www.internationalman.com]
 Quoting: anonymous 1372368


Exactly, and to make up any difference they will have to confiscate what the public holds and give them worthless paper in return, or a jail cell, your choice.
All they have to do is offer a nice reward for turning in hoarders and that will effectively stop any black market gold transfers and effectively make it worthless in private hands, especially if it becomes an offense punishable by death or other severe measures, just like it has been in the past.
Much of mankinds history was when the general public couldnt own actual precious metals without permission from the sovereign without being stuffed into an obliette
Troggie
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01/28/2013 05:00 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Oooooo I tawt I taw a seagull!
donpldp

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01/28/2013 05:00 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
We go down the rest of the world go's down but the Muslim countries that's not part of the global banking. Its not only our economy that's tanked there banks need bail outs also. We starve the world starve remember that

Last Edited by Not a Nonviolent Negro on 01/28/2013 05:04 PM
Anonymous Coward
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01/28/2013 05:00 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Saddletramp here is one from a few weeks ago where the World Gold Counsel says the same thing. Check out their report...................insane !

Thread: Gold/Silver Tards Massive Squeeze Coming As WGC Confirms Gold-Backed Yuan
TastyThoughts

User ID: 1308649
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01/28/2013 05:00 PM

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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Dose OP or anyone else know of any Chinese Companies buying US homes?
"They cannot see what's-up if They are looking down." (TastyThoughts)
"Something is smelly! Something is smelly, like an old barnacle encrusted shoe washing ashore in the middle of summer." (TastyThoughts)
"Yes happy Earth day. Now go tell the wicked to stop damaging the Human Species therefore/and the Earth; For, they are discombobulating the entire Universe and upsetting the Most High God." (TastyThoughts)
Anonymous Coward
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United States
01/28/2013 05:03 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
The source of this information is Jim Willie, and though an admitted doomer, he is still a respected source of economic information. The timing of this information also coincides with Jim Sinclair's recent announcement that gold and silver are set for a moonshot after "this last takedown" by Central Banks ends.

Combine the information that China is now admitting they are launching a gold backed currency for world trade, with upcoming Basel III regs, and many other economic pitfalls, such as the fiscal cliff and debt ceiling negotiations, all pointing to this Spring as a date of severe stress on the dollar.

Right now everything is pointing at a window of March thru June, however that could be pushed back, depending on circumstances and Central Bank intervention. People around here know that I have a gloomy outlook on future economic conditions, but I don't do a lot of prognostication because there are so many measures they can do to intervene if the timing of a collapse isn't on their schedule, but that said... Keep a close eye on the proposed circulation date for China's gold backed currency! You won't have a lot of time after that...

The admission by China is however one of the signals I was waiting for...Keep your shit screwed tight this Spring, it could get Western around here...

The typical human reaction to any infection, vermin, danger, or toxicity is to stand back, to isolate the agent, to trap it, to prevent its further spread or release, then to remove it in a safe secure way if possible using trained professionals. Eventually decisions must be made on the level of acceptable risk on the removal, like what is willing to be lost or damaged or killed in the process. Risk analysis, cost trade-offs, and minimization decisions must be evaluated and executed. The toxic agent in global trade, global banking, and global bond market is the USDollar. In 2009, the Jackass began making a certain firm point. Those nations that depart from the entire USDollar system early will be the leading nations in the next chapter, with stronger foundations, richer solvency, emerging economies, healthier financial markets, efficient credit engines, growing wealth, stronger political helm activity, and better functioning systems generally. Imagine a contaminated blood system that infects, corrupts, and destroys all interior organs from the spread of the toxin. Those nations that stick with the crumbling USDollar system stubbornly will find a horrible fate with devastating effects, rampant economic damage, broken financial markets, sputtering credit engines, tremendous loss of wealth, wrecked supply lines, poverty spreading like wildfire, ruined political structures, social disorder, isolation from the rest of the world, and a fast ticket to the Third World. That is EXACTLY what is happening in the last several months. A division has begun, as the East has been busily installing the next generation platforms, as related to trade, banking, and commercial integration...

[link to news.goldseek.com]
 Quoting: Saddletramp


Wont work. You cannot store infinite labour surplus value in a finite value store. Capitalism (the globalisation of capital) is marked by the rise of fiat currencies whereas mercantilsm (parochial trade) utilised this particular form of value store due to its rudimentary capital exchange mechanisms. The Chinese like all exporters are dependant on capital as are all the world's nations.

The Chinese leadership know this having read Marx's Capital and are either setting up goldbugs for a major rip off or someone has their wires crossed.
 Quoting: Marxist


Communist or not, the one with the gold calls the tune.
The proles are at the mercy of the elites, and elites are all the same, narcissists and sociopaths that tolerate no equality with others
 Quoting: Anonymous Coward 1310640


Yes. But you cannot accumulate the infinite value that is arising in the finite store gold represents and eventually, raging inflation would render China's export model a moot point. In other words., for no reason other than crass stupidity, all the fat cats who are feeding of the goose of globalised capitalism will shoot themselves in the foot.

Capitalists internationally are dependent on one another. American investors on the investments in China, the Chinese on Western discount shoppers, the Arabs on continued purchase of their oil, why even the likes of Rupert Murdoch and Fox on the continued sale of bogus nationalism whilst they marry into Chinese, Muslims, Russian, Indian and other significant elites in their bid to network for liquidity.

These aren't psychopaths incidentally,. Why, if tomorrow YOU found yourself the owner of a sizeable amount of money, you would very quickly devolve to this globalist behaviour.

The system has its own inner logic. No amount of fumbling around in search of bogeymen will help you. You need to use your grey matter and reason your way through its dynamics.

The reality is far more stark than all the stupid conspiracy nonsense.
 Quoting: Marxist


first and foremost nobody is counting anything to infinity, but nice try.
When it comes to economics, the public always serves, and the political commisars live like pashas, No communist leader lived any less than a king for any lenght of time.
The managers and enforcers of the peoples property always live well indeed, no different from any other elite capitalists.
Call me when some communist leader lives in a cold water flat with the proles, eats and dresses the same and follows a mule to work.
It never happened and it never will, communism is no less a ponzi scheme than any other form of mass population control
Anonymous Coward
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01/28/2013 05:05 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Kyle Bass said the same thing a few weeks ago !

Anonymous Coward
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01/28/2013 05:05 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Dose OP or anyone else know of any Chinese Companies buying US homes?
 Quoting: TastyThoughts


You seem to have forgotten what a nation was for, along with the politicians.
Useless Cookie Eater

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01/28/2013 05:09 PM

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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
This will be Huge and the last nail in the coffin for the dollar if true!
 Quoting: smokahontas


The Petrodollar era that created "cheap money" is over.
Once other countries stop using Dollars as their reserve currency and/or form precious metals based currencies, the USA won't know WTF hit it.

Won't happen overnight....it will be a slow slide into oblivion....and Obama is just making it worse with the money printing and UNENDING spending.


wreckcrew
Anonymous Coward
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01/28/2013 05:14 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
A devalued dollar will grow exports? Maybe!

How about collapse the dollar, cause social unrest but make sure there is a gun grab first! Next a gold grab but not before a gold rush devalues the gold. Suckers! All of us!
Marxist

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01/28/2013 05:17 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
...


Wont work. You cannot store infinite labour surplus value in a finite value store. Capitalism (the globalisation of capital) is marked by the rise of fiat currencies whereas mercantilsm (parochial trade) utilised this particular form of value store due to its rudimentary capital exchange mechanisms. The Chinese like all exporters are dependant on capital as are all the world's nations.

The Chinese leadership know this having read Marx's Capital and are either setting up goldbugs for a major rip off or someone has their wires crossed.
 Quoting: Marxist


Communist or not, the one with the gold calls the tune.
The proles are at the mercy of the elites, and elites are all the same, narcissists and sociopaths that tolerate no equality with others
 Quoting: Anonymous Coward 1310640


Yes. But you cannot accumulate the infinite value that is arising in the finite store gold represents and eventually, raging inflation would render China's export model a moot point. In other words., for no reason other than crass stupidity, all the fat cats who are feeding of the goose of globalised capitalism will shoot themselves in the foot.

Capitalists internationally are dependent on one another. American investors on the investments in China, the Chinese on Western discount shoppers, the Arabs on continued purchase of their oil, why even the likes of Rupert Murdoch and Fox on the continued sale of bogus nationalism whilst they marry into Chinese, Muslims, Russian, Indian and other significant elites in their bid to network for liquidity.

These aren't psychopaths incidentally,. Why, if tomorrow YOU found yourself the owner of a sizeable amount of money, you would very quickly devolve to this globalist behaviour.

The system has its own inner logic. No amount of fumbling around in search of bogeymen will help you. You need to use your grey matter and reason your way through its dynamics.

The reality is far more stark than all the stupid conspiracy nonsense.
 Quoting: Marxist


first and foremost nobody is counting anything to infinity, but nice try.
When it comes to economics, the public always serves, and the political commisars live like pashas, No communist leader lived any less than a king for any lenght of time.
The managers and enforcers of the peoples property always live well indeed, no different from any other elite capitalists.
Call me when some communist leader lives in a cold water flat with the proles, eats and dresses the same and follows a mule to work.
It never happened and it never will, communism is no less a ponzi scheme than any other form of mass population control
 Quoting: Anonymous Coward 1310640


Lets leave the analysis of collectivised economics aside and look at capital and how accumulation works.

In older times when owners of the means of production had yet to exhaust their national base in terms of costs and market access, capital was rudimentary and did not use as many mechanisms of derived value nor was there much of a need to access labour surplus value in low wage zones. Nor was inventory exchange on a JIT basis.

In other words, growth was limited to local constraints and functioned quite effectively within those constraints making a limited value store such as gold viable and in fact very necessary in these early days of capital's birth when trust had to be fostered.

However, the impetus for free trade accellerated as the owners of the means of production found the costs of local labour uncompetititive and thus they struck deals with foreign elites of all colours, even bogus communists such as the Chinese for access to their markets.

Also, JIT inventory rose to the fore and thus annual accumulation essentially rose to the highpoint of unlimited potential.

In this context, gold would never work. Nor is there a need to return to mercantilism (not that we are capable of so doing) as, despite appearances, global capitalism is very much alive.

Of course, petite bourgeoisie such as yourself will foam at the mouth in impotent fury. However, you have no power flailing around in little clusters or as lunatic loners.

United, workers can change the world. Divided, they are as good as eunuchs.

However, any thoughts that global capitalism is about to collapse will be disappointed. I can guarantee that.
Workers of the World, Unite. You have nothing to lose but your chains!
Fuck the system

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01/28/2013 05:17 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Very interesting thread, 5 stars and green for you, thanks
Fuck the system
TastyThoughts

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01/28/2013 05:20 PM

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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Dose OP or anyone else know of any Chinese Companies buying US homes?
 Quoting: TastyThoughts


You seem to have forgotten what a nation was for, along with the politicians.
 Quoting: Anonymous Coward 1310640

Nope,
Critical thinking generation. Adding to the thought process.

Gold Back Currency +
Eminent Domain +
No Constitutional Rights +
Mass Corruption At The Local Level +
Ideological Subversion =
?

(I am sure more variables can be input and factored, but the thought processes has been disrupted slightly)

So, Dose OP or anyone else know of any Chinese Companies buying US homes?

Last Edited by TastyThoughts on 01/28/2013 05:21 PM
"They cannot see what's-up if They are looking down." (TastyThoughts)
"Something is smelly! Something is smelly, like an old barnacle encrusted shoe washing ashore in the middle of summer." (TastyThoughts)
"Yes happy Earth day. Now go tell the wicked to stop damaging the Human Species therefore/and the Earth; For, they are discombobulating the entire Universe and upsetting the Most High God." (TastyThoughts)
Anonymous Coward
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01/28/2013 05:22 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
"Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?"


Thats cuz they want to play with the Americans, who will undoubtedly sw. to gold back once they run the corrupt out of DC.

In the future....

Chinese Sneakers = $100
American Sneakers = $65
 Quoting: Anonymous Coward 1012969


the problem that American sneakers are not made by americans, who cannot even cut their own grass or build their own homes

NOBODY WORKS IN AMERICA, at least not americans,
 Quoting: Anonymous Coward 1310640

WTF u talking bout come to TX .
Lusciouslee

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01/28/2013 05:22 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
That's why they're printing the money just to continue the big facade...keeping the US floating till they get all their ducks in a row, loot us till the very last drop. My delivery might be a little off but I know that's why we're invading all the Muslim countries. Iran is the last stop as they are turning away from the dollar. Rothchilds no likey. Iran will be the end of this country as we know it.
Xxx
Lusciouslee

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01/28/2013 05:24 PM
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Thanks for the Great article. There is usually so much crap on this site. Most Americans don't get the currency issues. Too busy hating each other.
Xxx
Anonymous Coward
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01/28/2013 05:26 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
It is clear that almost nobody in this thread understands history, human nature, oriental culture, greed and tribal entitlement.
 Quoting: Anonymous Coward 1310640


Explain then, or did you just want to take a jab at us.
 Quoting: Anonymous Coward 18681750


I've been trying but some of you seem to think paper is worth exactly what someone says it is, that nobody would lie to gain advantage over you or want you dead to maximize their own profit and position.
Do you think someone that conquered your nation wants you alive so you can play xbox all day?
Nations and cultures compete for space and resources and always have, and there is not one single example of institutional kindness or fairness by oriental or semetic cultures to those they vanquished or controlled when they were in power.
Dont expect that will change for you.

Should you read some actual world history, you cant help but notice that wars were in essence always wars of extermination and confiscation until the period of American preeminence..
Anonymous Coward
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01/28/2013 05:34 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
So i'm still waiting for someone with more insight than me, to explain some of the potential ramifications, if we go back to a "stated" gold standard for the U.S. dollar.

What do you think will happen?
 Quoting: Anonymous Coward 30264892


there is no US gold, it was given to the Fed. It's not yours, it's not ours, it is theirs and they dont care.
 Quoting: Anonymous Coward 1310640


I remember reading The Mystery of Banking by Murray Rothbard, and he stated that the Federal Reserve has (or had) rights to gold reserves in the United States saying whatever outstanding Treasury Bonds they held in account, in the event of a US default, they retained the right to an equivalent amount of US gold in reserve.

Two things immediately come to mind: 1) Gold is still valued at less that $50 per ounce in Treasury accounting and 2) There is more gold held in reserve at the fed than in treasury warehousing (Ft. Knox).

How much $$ does the fed currently hold in US Treasury bonds? The more they hold and the lower gold is valued, the more gold they can claim (per the agreement) when the US defaults.

So, in effect the gold is already gone, the fed took it, meaning the banking cartel and its crony/criminal enterprise.

.
Northman

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01/28/2013 05:38 PM

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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Let the collapse happen, declare bankrupcy and start over. China can sell their products in China. The west can trade within itself and any who choose to honor the USD. The U.S. can produce anything it needs to survive without importing anything from China.
Anonymous Coward
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
"Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?"


Thats cuz they want to play with the Americans, who will undoubtedly sw. to gold back once they run the corrupt out of DC.

In the future....

Chinese Sneakers = $100
American Sneakers = $65
 Quoting: Anonymous Coward 1012969


the problem that American sneakers are not made by americans, who cannot even cut their own grass or build their own homes

NOBODY WORKS IN AMERICA, at least not americans,
 Quoting: Anonymous Coward 1310640

WTF u talking bout come to TX .
 Quoting: Anonymous Coward 33193710


The Trade and Investments Treaty will be changed to a Global Agreement on trade. American exports are too expensive because of our unions. The Chinese will always make less expensive products for export. The problem is the bonds fall into the same treaty. The private bond holders can sue if there is a default. It is so complicated!

I'll post a few youtube videos to explain it.
Anonymous Coward
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01/28/2013 05:42 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Dose OP or anyone else know of any Chinese Companies buying US homes?
 Quoting: TastyThoughts


They are getting the Land here in the US and the Ports that's the chatter I heard, the chinese have been here looking around at their new assets but they need us disarmed to collect
Anonymous Coward
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01/28/2013 05:43 PM
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Anonymous Coward
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01/28/2013 05:44 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Dose OP or anyone else know of any Chinese Companies buying US homes?
 Quoting: TastyThoughts


They are getting the Land here in the US and the Ports that's the chatter I heard, the chinese have been here looking around at their new assets but they need us disarmed to collect
 Quoting: Anonymous Coward 25801142



Feds grant eminent domain as collateral to China for US debts.

060
February 26, 2009
FEDS GRANT EMINENT DOMAIN AS COLLATERAL TO CHINA FOR U.S. DEBTS!
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.

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