Despite the post claiming this is an Obama action these powers were granted to China prior even to the presidential election.

Please note the date.

September 29, 2008 http://www.dailypaul.com/node/64972

US Homeowners Soon To Be Evicted By Chinese Police Under New Law

By: Sorcha Faal, and as reported to her Western Subscribers

Russian economists are expressing shock today over a new United States law that will allow for the first time in that nation’s history the
police forces of a foreign Nation to have law enforcement powers over
their citizens.

These powers are specifically being granted to China’s State Security
Police who operate under the Ministry of State Security for the Peoples
Republic of China by the United States as a precondition for the Chinese Governments continued purchasing of US debt as the Americans continue their desperate actions to avert their total economic collapse.

China had previously ordered its banks to halt all lending to the United
States, an action that would totally cripple the American banking
system, and as we can read as reported by the Reuters News Service:

“Chinese regulators have told domestic banks to stop interbank lending
to U.S. financial institutions to prevent possible losses during the
financial crisis, the South China Morning Post reported on Thursday.

The Hong Kong newspaper cited unidentified industry sources as saying the instruction from the China Banking Regulatory Commission (CBRC) applied to interbank lending of all currencies to U.S. banks but not to banks from other countries.

"The decree appears to be Beijing's first attempt to erect defences
against the deepening U.S. financial meltdown after the mainland's major lenders reported billions of U.S. dollars in exposure to the credit
crisis," the SCMP said.”

Not being understood by the American people is that China is the holder of over $1.4 Trillion of US debt backed by the mortgages on the homes and property of tens of millions these people which, in essence, makes the Chinese one of the largest holders of land in the United States, and which the Chinese government has stated they will protect ‘at all costs’.

In rapid response to China’s demands that they be granted immediate
access to their American properties to protect their ‘investments’, the
United States is enacting a new law titled the Emergency Economic
Stabilization Act of 2008, and which in Section 101, Paragraph 7:3
chillingly states:

“Designating financial institutions as financial agents of the Federal
Government, and such institutions shall perform all such reasonable
duties related to this Act as financial agents of the Federal Government
as may be required.”

The United States Federal Reserve has further notified the China
Development Bank, the second largest bank in Asia and the main holder of US mortgage debt instruments, that they will be designated by the US Secretary of the Treasury as one of the financial institutions protected by this extraordinary new law, and which, according to these reports, will empower Chinese policing authorities the right to act as law enforcement officers in the United States including granting them the right to evict American citizens from homes whose mortgage debt is held by China.

Unfortunately for these American people, their own public officials have
totally abandoned them as the American Center for Responsive Politics
has reported that the staggering amount of $2 Billion has been paid by
the perpetrators of this Global financial crisis to US Lawmakers, of
both political parties, to sell out their fellow countrymen as virtual
economic slaves to the all powerful International corporate cartels who
now rule over them.

Even worse for these people is that the plan instituted and carried out
over these past 40 years to erase their true history leaves virtually
none of them today with the full, and monstrous, century old plan to
destroy their Nation, and which began with almost the exact same
economic crisis they are experiencing today, and was called the Panic of 1907, and of which we can read:

“The Panic of 1907, also known as the 1907 Bankers' Panic, was a
financial crisis which occurred in the United States when the stock
market fell close to 50% from its peak in the previous year. At the time
the economy was in recession and there were numerous runs on banks and trust companies. The panic's primary cause was a retraction of loans by a number of banks in New York City, and the sentiment quickly spread across the nation leading to the closures of both state and local banks and businesses.”

So shocked were the American people by the Panic of 1907 that they
allowed for the first time since their Nations founding, their lawmakers
to begin the process of establishing a Central Banking System, and of
which one of their founding fathers, and writer of the Declaration of
Independence, Thomas Jefferson, warned all future generations of
Americans:

“The central bank is an institution of the most deadly hostility
existing against the Principles and form of our Constitution. I am an
Enemy to all banks discounting bills or notes for anything but Coin. If
the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and
corporations that will grow up around them will deprive the People of
all their Property until their Children will wake up homeless on the
continent their Fathers conquered.”

Today, and sadly, the World is now witnessing these prophetic words of Thomas Jefferson coming true.

Even worse, these American people, whose ancestors laid the foundation for what was once the greatest and freest Nation on Earth, have now been reduced to what is now commonly referred to as “sheeple”, “a term of disparagement, a portmanteau created by combining the words "sheep" and "people." It is often used to denote persons who acquiesce to authority, and thus undermine their own human individuality. The implication of sheeple is that as a collective, people believe whatever they are told, especially if told so by authority figures, without processing it to be sure that it is an accurate representation of the real world around them.”

It goes without saying, of course, that these Americans do not see
themselves in this most truest of lights as they continue living their
lives in near total ignorance of the greater catastrophes soon to befall
them, all of which they have been, and are continued to be, warned
about. But, they continue to laugh off, and spurn, these warnings as
they continue to believe the lies being fed them by their propaganda
media organs they never seem to realize are nothing but the mouthpieces for the fascist corporate forces delivering them to the slaughterhouses they will come to know all too soon.

hmmmmmmm

this makes more sense to me (whether I agree or not)

ty for the link....it clears up what the other thread was talking about

BUMP

THIS IS THE BUSH ADMINISTRATIONS CONCESSION TO CHINA SO CHINA WOULD BUY OUR DEBT.

We have been selling our souls to China for quite a while now. Hopefully someday we can get the debt paid and not have to worry about them cashing in someday.

Thanks for the info Lynann.

It's amazing how long we've been so self destructive...

I suppose the one small upside to this is at least (as far as i know) we don't cause inflation by borrowing from China. That is, i don't think they print the money THEN lend it to us. Nevertheless we are paying interest on this money which is harmful to the future.

Gotta a question, in all honesty though... Where is the Obama ministration getting it's money for the stimulus from? I heard it was China also, but I haven't looked into it.




Can you imagine the Chinese acting on this law and sending police over here though? This is just disturbing...

Ah ha!!! I tried to tell people this yesterday in another thread. I told them we were up to our collective eyeballs to China.

Kat

I can imagine the result of the Chinese trying act on this on American soil.

I have no mortgage but you can bet your umm bottom I would be at my neighbors defending them with force if need be.

You and me both Lynann.

LA LA LA

*BUMP*

Side Note:

We had two other central banks. Thomas Jefferson got rid of the first, and Andrew Jackson, who is the only president in history to pay off our national debt, got rid of the second.

The third is the Federal Reserve....

What a pile of bullsh!t.


Even if China was granted their properties back, there is nothing wrong with that. These properties belong to China.

What a stinking turn, the author of this article had exercised.



While this is certainly true, what does it have to do with borrowing from a foreign country, refusing to pay back, and yet, expecting to stay on their property?

Chinese police to enforce that? Why? All they need to do is take collateral as gold from us government. Who's going to be that stupid, to agree to loan money with condition that they will be free to enforce the collections? In a foreign country?


Conclusion: While completely ridiculous suggestion of an entirely new degree of stupidity to be applied to Chinese people, this article also suggest that may-be even a rebellion should be started here, all to protect the idiots who wanted to live large on someone else's money.

Stated before.
The Chinese elite have been buying up foreclosures since 2007.
They pay cash.