Is this the future consequences of the US national debt???

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

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 con More..tinued 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 worthy of violent overthrow.

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.

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

This is unadulterated BS straight from the wingnut websites.

Nothing to see here, folks, move along....


-Kerry O.

Duh, it's suppose to make one think. The possibility of the US defaulting on its debt to China is REAL!!! And folks have been moving along for far too long when it comes to our national debt - there has got to be a breaking point.

I fail to see how posting bald-faced lies which suggest it's "An outrage worthy of violent overthrow" is going to help.

You might also want to check your figures, because up until the 3rd quarter of last year, the Japanese held more money in U.S. Treasuries than the Chinese. Apparently, that doesn't faze the people who wrote this little hatchet job. One can only speculate, but five'll get you ten it's because the people writing this garbage are trying to align Obama with communism. And have no trouble telling lies to do so.

-Kerry O.

First, your analogy is patently absurd. Because you live in a society where everyone owns a piece of your hypothetical restaurant, you do have some veto power and you have the courts.

I find it curious that you chose a business to use act as the heavy in your analogy. So often people say 'The government should run exactly like a business'. Well, what happens every time a business gets its most craven wish, to be a monopoly that has a corner on the market? Luckily, the blueprint of our political institutions have circuit breakers and check valves built in to keep any one man from becoming CEO for life.

I have a better deal on analogies today, free to the first 300 million customers-- your government is more like a fulcrum than a restaurant run by shakedown artists. Your participation is your leverage that allows you to live in a society where the trains run on time, criminals are segregated. But fulcrums work on the principle of Mechanical Advantage, so you don't get something for nothing. There is still a price to pay for keeping those trains running on time-- it's just applied more efficiently than you could do on your own without the leverage.

I can tell already you're not convinced (how prescient of me, huh?:)-- well I have an even better deal for ya. Pull up tent stakes and move to Somalia. They don't have taxes there because they don't have no steekin' government.

What? It doesn't sound so wonderful? Well, yes, there is that thing about your having to give up your present vocation because I doubt the power plants there consist of more than bicycle-powered generators, but at least you wouldn't have the IRS poking a gun in your face.


-Kerry O.

Is there some sort of genetic defect in certain people that causes an inability to see taxation as an all or nothing affair?

We are not being indebted by limited and decentralized government as described in the constitution. There is no constitutional authority for the vast majority of what the federal government currently does.

We dont want a socialist utopia and a marxist tax structure.

Doesnt mean we dont mind paying for some things, and if your going to tax, do it this way:

www.fairtax.org

The article was for critical thinking - blow some smoke elsewhere. The dramatic increases in our national debt is probably our countries biggest problem right now. The consequences of continued debt exploitation are at this time unknown.

Is there one that in certain people that makes them so paranoid they constantly imagine IRS agents with guns drawn at their doors waiting to shake them down?

--------Not at all you tool. You know damn well I was making a point about the ultimate result of government utopia is extortion. It just makes you mad because its true.



So you say, yet the income tax IS part of the Constitution and the Supreme Court has had ample opportunity to check the other two branches of government in this regard, yet hasn't in the ways you postulate they simply must.

-----------Slavery and prohibition were at one time part of the constitution. Most amendments since the civil war are contrary to the spirit of this country.



Yeah, on paper it looks real nice. But Social Security is the third rail of American politics-- as GWB can now attest, anyone trying to play games with it is committing political suicide. Besides, Social Security taxes are already capped at a certain dollar amount, above which you pay no further tax no matter how much you make. (You did know that, right?)

--------Yeah, thats the cap that obama intends to raise. It is political suicide because of fear politics and special interests. None of that makes it sustainable. It is the worlds biggest ponzi scheme.


Plus, once you add in state sales taxes, state income taxes, property taxes, et al, and account for the money no longer paid by corporations, I'm betting the _real_ flat tax rate would be about what it is now.

-------Who said anything about a flat tax rate? at leas READ the links if your goal is to find the truth and not to feed your ego.


And because the rich have the money to lobby Congress at a level the little guy will never, ever see, how long would it be before the middle class would be doing all the paying and getting nothing back for it?

-Kerry O.

--------The precise point you make here is why we need the fair tax.

www.fairtax.org

With the pre-bate and the consequent economic growth, the poor get a break and the system becomes fair. We eliminate the IRS and the cost of all that apparatus. Over 50% of all lobbyists in washington are for tax code matters. Its why its so long and cumbersome. We eliminate 50% of all lobbyists with one bill. Pretty damn exciting, especially as it gathers steam.

Overthrowing the US government after giving eminent domain to China as collateral would be a response that our founding fathers would be on board with. I sure wouldn't stand for such an action by our government. But hey, I'm sure China would just forget about the loans..... Funny how your response didn't mention the condition for advocating the overthrow - that being eminent domain given to China as collateral for our debt. I guess some are not capable of critical thinking.... If you are dwelling on that, you miss the whole point. No one can foresee the consequences of continued US debt compilation but some can speculate if they can think critically. Of course some won't understand the far reaching consequences of our debt until the day when Chinese troops come in through Mexico to get their money back. Hint - it's not about the troops coming.

the Federal debt isn't all that bad. In terms of absolute dollars it is the biggest its ever been. But as a percentage of our economy its not such a crisis. Our economy is bigger too. When you make more money you can take out a bigger mortgage or finance nicer cars


oops that was BIG

Alrighty, let's do this the hard way.

Apparently you don't understand emminent domain. Article 5 of the Bill of Rights says the government must make fair compensation for the land seized and that it has to be for a public purpose.

So hypothetically, we have a government that can't pay its bills. How in Creation is it then to pay for land it's going to give away to settle debt, especially because of inflation at that point would mean it would have to pay more than the debt was worth.

Anticipating that you'll say "Well, they'll just get it from the Chinese." Ok, why would the Chinese throw good money after bad and pay out ANOTHER 600 billion to get the other 600 billion they're owed? If it's the land they crave at that point, all they have to do is wait for the fire sale and deal legally with the lawful owners of the property and cents on the dollar.


And what 'public purpose' would be served by just handing it over carte blanche to the Chinese. Never mind the inconvenient fact that the Chinese never demanded a mortgage on the land when they forked over the money for the loans and therefore have no legal collateral to stand upon. They can't legally foreclose on anything!

Why would it go to all this trouble when all it would have to do is default? And if China rattles the saber, what do you suppose we're keeping those nukes for?

See, you folks on the fringe think everyone is stupid, so you have no trouble believing the gorvernment and the Chinese would act just as stupidly. The Chinese, in taking 'collateral' the debtor doesn't legally possess and the Executive and maybe Legislative branches of the U.S. government trying such a hair-brained scheme that the Judicial branch is going to slap down.

And as for the military option, one need only look at how badly the Chinese military is already tied up in places like Tibet, putting down its own insurrections.

There are loons in the country that loathe this administration so much that they are obsessed with these paranoid scenarios giving them what they want the most- legitimacy. So they sit around all day and concoct these diatribes that can so easily be shot down.

I hope they read Glenn Beck's newest book and follow the advice about arguing on the facts.

-Kerry O.
[/quote}]


U are kidding me right? Where is the light bulb?
Geez, the paranoid scenarios are to get people thinking and to get people to awaken that eventually if we continue to pay for our programs with borrowed money that there has to be a breaking point someday with disastrous consequences. As outlandish as the speculation appears, no one knows the real consequences of continued debt compilation. Look how quick the bank situation developed. And apparently you don't understand our government. Look what they did to the Chrysler bondholders.
Age old time tested judicial bankruptcy laws were violated when the government stepped in. Again, hint: forget about eminent domain and Chinese troops coming and try actually "thinking on" the coming consequences of the Obama administration's contribution to our national debt.

http://mingle2.com/topic/show/248084

the Federal debt isn't all that bad. In terms of absolute dollars it is the biggest its ever been. But as a percentage of our economy its not such a crisis. Our economy is bigger too. When you make more money you can take out a bigger mortgage or finance nicer cars


oops that was BIG

brewer-

Although the "fair tax" is a better idea than the current system, it is still an unconstitutional tax. (direct taxes must be apportioned) Further, the government is immoral to lay claim to another person's property (income, in this case).

Alrighty, let's do this the hard way.

Apparently you don't understand emminent domain. Article 5 of the Bill of Rights says the government must make fair compensation for the land seized and that it has to be for a public purpose.

So hypothetically, we have a government that can't pay its bills. How in Creation is it then to pay for land it's going to give away to settle debt, especially because of inflation at that point would mean it would have to pay more than the debt was worth.

Anticipating that you'll say "Well, they'll just get it from the Chinese." Ok, why would the Chinese throw good money after bad and pay out ANOTHER 600 billion to get the other 600 billion they're owed? If it's the land they crave at that point, all they have to do is wait for the fire sale and deal legally with the lawful owners of the property and cents on the dollar.


And what 'public purpose' would be served by just handing it over carte blanche to the Chinese. Never mind the inconvenient fact that the Chinese never demanded a mortgage on the land when they forked over the money for the loans and therefore have no legal collateral to stand upon. They can't legally foreclose on anything!

Why would it go to all this trouble when all it would have to do is default? And if China rattles the saber, what do you suppose we're keeping those nukes for?

See, you folks on the fringe think everyone is stupid, so you have no trouble believing the gorvernment and the Chinese would act just as stupidly. The Chinese, in taking 'collateral' the debtor doesn't legally possess and the Executive and maybe Legislative branches of the U.S. government trying such a hair-brained scheme that the Judicial branch is going to slap down.

And as for the military option, one need only look at how badly the Chinese military is already tied up in places like Tibet, putting down its own insurrections.

There are loons in the country that loathe this administration so much that they are obsessed with these paranoid scenarios giving them what they want the most- legitimacy. So they sit around all day and concoct these diatribes that can so easily be shot down.

I hope they read Glenn Beck's newest book and follow the advice about arguing on the facts.

-Kerry O.

I agree in principle, but still support the fair tax.

Congress doesnt care whether taxes are constitutional, they pretend they are with the support of their kangaroo court.

Operating on that knowledge, we have this idea that will create so much economic growth the corporatocracy just might let it happen. The bill essentially eliminates the IRS, and gets rid of over 50% of the lobbying positions in washington. The prebate provides the lowest cost model I can think of to still give a monthly check to the poor and is a good weaning step towards freedom. Plus the growth will cause federal revenues to rise dramatically and gives a possibility to pay down the debt some.

I think it is possible the current administration could push the people into taking up arms or create a scenario where china or the UN makes a go at occupying us. However I think it is possible to incrementally work back towards freedom as well and I can accept the fair tax for the above reasons.