Obama Grants U.S. Land to China as Collateral for US Debt? No, but it makes you think…


UPDATE:  Like all breaking web-stories that are in their early hours of existence, it can be difficult to separate fact from rumor and hoax.  The following story has proponents and detractors.  Some insist it is a hoax (I hope so!), while others insist it’s accurate (please, no…).  

Isn’t it terrifying that the mere idea of the Obama Administration taking such an action is even remotely plausible?!!

UPDATE 2:  This story/hoax/rumor apparently originated from a Bloomberg Business News story entitled China Needs U.S. Guarantees for Treasuries, Yu Says (excerpt below)


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. …

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. … 

“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.”

UPDATE 3: The American Thinker has posted additional background on this issue on their website (click here).

UPDATE 4:  Leave it to the folks at World Net Daily to get the straight scoop.  The Secretary of State’s office says no way – this is so untrue (or words to that effect).  I’m glad to hear it.  However, I’m still left with my earlier troubling thoughts - Isn’t it terrifying that the mere idea of the Obama Administration taking such an action is even remotely plausible?

ORIGINAL POST:

This is truly insane, if true: (hat tip to Atlas Shrugs and  LiveLeak.com for this)

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.

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.

More details as they become available. . . . . spread the word ASAP.

This designated conservative has a hard time contemplating such a betrayal of our national sovereignty by a sitting President and Secretary of State as an actual fact.  I sincerely hope that there is nothing to the story, because if true such an action absolutely meets the U.S. Constitution’s definition of “high crimes and misdemeanors.”  

Such an agreement would be unconstitutional, treasonous, and an impeccably  impeachable offense.  Of course, so is deliberately trashing the U.S. economy (the Generational Theft Act of 2009, universal health care, $Billions for ACORN, the Pork-Laden Omnibus Spending bill, and the nearly $4 Trillion 2010 Budget proposal), damaging national security (withdraw from Iraq, cutting defense spending, Illegal Alien Amnesty II, etc. etc.), and the rest of the rush-to-implement Democrat Party agenda.  

The Great American ship of state is being deliberately steered into the path of a huge Depressocratic iceberg of economic ruin. by an unqualified President who cannot even confirm his constitutional eligibility to hold the office!  This is what happens when we hand the keys to the government to children! (sigh)

Even as we bask in the remarkable success of the Chicago Tea Party movement this week, we can easily contemplate the ship of state sinking beneath our feet….  

As Captain Obama, First Mate Pelosi, and crewmates Reid, Schumer, and Dr. Frankendodd push passengers from the “flyover state” class aside in their rush to the lifeboats, can’t you almost hear the choir of designated conservatives singing that old lament, “The Buoyancy of Experience“?….

Need more? Click here to get access to all future updates from the Designated Conservative.     

  

Related Post:  THE USURPERS ARE WINNING, CHICKEN LITTLE WAS RIGHT
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22 Responses to Obama Grants U.S. Land to China as Collateral for US Debt? No, but it makes you think…

  1. Jesse says:

    Thanks for posting this. A story today reminded me of it and it’s disappearance. Thanks for the updates as well.

    • Dale says:

      Yahoo had a story from Forbes on the Chinese spending billions buying up US residential and commercial real estate.

  2. Patricia HEAL says:

    THANK YOU FOR POSTING THIS PAGE. IT’S WHAT I’VE BEEN LOOKING FOR PEOPLE DON’T BELEIVE ME. I WILL PRINT THIS OUT AND HAND IT OUT PERSONALLY. MORE PEOPLE NEED TO BE REMINDED OF WHAT IS GOING ON WITH THIS ADMINISTRATION. THANK YOU ONCE AGAIN.

  3. Pingback: 2010 in review | Designated Conservative

  4. Daniel Tinnirello says:

    Thank you for posting this story. It has confirmed what my art teacher told me a couple of days ago. Thank you for confirming what he said is true.

  5. curtis drake says:

    well i don’t no if it’s true are not it’s like the casino issue in minnesota did governer arny carlson get paid off by the naitive americans so no one else could open a casino are not iam tired of are croocked government and the illegal doings that goes on in are government and police personal we need to start making them countedable for what they do illegal we the people have to have counted votes before any law can be made peoples constitutional rtights are violted daily and it ain’t right.do something about soon.

  6. Margaret Beck says:

    If this is true, this country is in so much trouble. The next thing we will be told is that China’s military will take over for our National Guard. Thank you for the post. I was told that this was happening and I couldn’t believe it. I will pass it on.

  7. diabloben68@hotmail.com says:

    You have to be a complete moron to think that the US will sell or back its loan with US land. In other articles I have read, it proposed nearly 15 western states would be given for our debts to china, even for 1 trillion $ China couldnt purchase that state of Oregon. Our people will never allow our government to secure debt with US land. It just will never happen, end all!

    • I agree that the notion is unimaginable, but the extra-constitutional Obama Administration has not concerned itself with legal niceties or even constitutional limitations when it comes to other areas of federal policy and action. Surely if Pres. Obama can demand AND GET the ouster of private business CEOs and manipulate the bankruptcy process to unlawfully deprive protected creditors of their property in order to transfer wealth and ownership of GM and Chrysler Motors to his big union pals, he would be able to get away with what you say “will never happen.”

    • JACKBLIMBO says:

      YOU JUST SIT THERE ON YOUR LAZY ASS, AND WATCH WHAT HAPPENS. I LIVE IN MICHIGAN, AND THEY HAVE ALREADY PURCHASED 200 ACRES IN MILAN. OBAMA MUST GO WITH THE REST OF HIS CRONIES.

    • Joe valdez says:

      dont be so sure do more resarch

    • brian finney says:

      if they take our guns how would we b able to stop them

  8. Jay says:

    People! People! There is not ONE credible source named in this article and YOU BELIEVE IT! The president will NEVER be able to do such a thing without very credible people demanding action. The govenors of those states, and the U S congress just to name two sources that would not let that happen. Not to mention, this is not something the president would do anyway.

    THIS STORY IS NOT WORTH THE SPACE IT OCCUPIES.

  9. Mike says:

    Why is it, if the average everyday Joe doesn’t pay his taxes “and or debt” he or she will be prosecuted to the full extent of the law. When the Government defaults on there debt all they do is manipulate the public into believing that everything is OK and that they will fix it. China is moving in and taking control of the U.S. because of the people in congress who only think of lining there own pockets and not taking care of their country. Shame on the United States Government for allowing it’s people to suffer for their own stupidity! May the rich get richer and may the poor pay the “BILL”.

  10. sheryll says:

    Obama has continually done things that he was not supposed to. How did the health care issue all of a sudden get approved, when the vote was against it? Bush set the stage for the President to have complete power during times of war, poverty, trouble, etc. etc. Why do you think they have never fully pulled all of our troops back? Any President who says he will, doesn’t because he would lose his power to do whatever he wants without our approval. People who think that we have any say in these matters should wake up. This country hasn’t been a democracy for a long time! I have said for some time now that the only thing that we have that China would want is our land. I was stunned to think that our very property could be in jeopardy. The dollar is worth less now and our AAA rating has fallen. We are nearing a 3rd world status. That’s what we get for our apathy and/or greed and sending all of the jobs to other countries. Shame on us.

    • Robert Burke says:

      If this story is even somewhat true, then why is this the first time I am hearing this.Don’t you think this story would be all over the news and the conservative party has nunothing to say about this!!! Huh, funny they bitch about everything else Obama does but this, they o well he sell my home, my land, city, state, and, my job to china.ya right te okll me an other one.lol

    • sher says:

      Maybe you’re not as informed as you think you are. . . Do you think that you hear everything that goes on in the government? Now who is naive?

  11. Robert Burke says:

    this is the most absurd thing I ever heard.Do you actually think any conservative in office would let Obama sell his house, city, state, and also his job to china!!! Lol.Plus no mention of this at all on any news channel.Gimme a break.whoever made this one up is a real asshole!!! Jeeeeeees.

    • Trishde says:

      You should do your homework. The reason the media is not reporting this is because they are on Obama’s payroll.

  12. Ross Wright says:

    I don’t believe this to be true but as stated in the article that it makes you think about the possibility of this happening, we have been trying to hold China off for a long time when it comes to the debt that we owe them but if they wanted to take the land, yes, we would have such an uproar that Canada would hear it with their bare ears but it wouldn’t be unjust because we have pretty much stole money from that country for a long time, it doesn’t seem to be stopping them in their progression as a economic state but I mean, money is money and people do crazy things for it….especially to the amount, as the amount raises, the magnitude of what would be done to get it back increases as well.

  13. Tom Osborn says:

    Time to revive this story. With the land grabs by the armed Bureau of Land Management it is much more plausible than ever.

  14. john douglas clark says:

    @designated conservative Seems I have finally found the source of the idea preying on weak minds of the uneducated. “Black hole to swallow the Earth?” No, but it could happen. Show me a secured bond, and I’ll show you something that’s not a bond. That includes so called CDO’s. China is in the same boat everyone else is in if the US ever defaults, and I’ll wager you know it. Fear monger!

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