Obama Grants Eminent Domain Rights to China? What Was Actually Promised As Collateral?

NOTE: UPDATES TO THIS BLOG ARE ADDED AS THEY OCCUR!

From Beckwith at:  http://www.theobamafile.com/ObamaLatest.htm

Obama Grants Eminent Domain Rights to China

The time for partisan bickering just ended.

This is as serious as a heart attack.

Obama is going to spend so much money, which he intends to get from China via the sale of government backed bonds, that the Chinese apparently don’t think he’ll be able to make good on them.

So President Obama gave the Chinese eminent domain rights to American land and businesses as collateral — i.e., if we don’t pay, they now own America.

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, Obama has now actually mortgaged the physical land and property of all citizens and businesses in the United States.

He has 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.

 

And this guy sits in the Oval Office as an usurper, ineligible to constitutionally hold the office.  Alan Keyes might be on to something.

http://www.theobamafile.com

Even Valerie Jarrett, at the World Economic Summitt in Davos, Switzerland recently gushed over Obama’s history making the statement: “His mother was an American from Hawaii and his father was from KENYA. “

Note here:  Articles of the Constitution state in order to be President of the United States; one of the demands is to be a “natural born citizen”…..BOTH parents US citizens and born in America.  So Jarrett’s statement confirms Obama’s father was NOT AN AMERICAN citizen (actually here on student VISA) and from KENYA.

So where is the U.S. Supreme Court in all of this?

Maybe the Supreme Court would respond to pickets on the steps to their courthouse to demand they do their JOB, hear the cases brought before them about the Constitutionality of Obama’s ursurping of our country and announce Obama is NOT eligible to be President of the United States under our own CONSTITUTION!

UPDATE: 2/28/2009 at 7:42 pm

From Beckwith at http://www.theobamafile.com/ObamaLatest.htm

Here is one of the bond agreements!  Google any town or city/county with Cede & Co.!  It is the basic agreement they all use.   ~ Thanks Calpernia ~

George Soros and Quantum Partners. Cede & Co. is under:
Update:  I’m getting a lot of questions about this story.  So what’s available is this report and this report — they’re usually pretty reliable — in the meantime, no major outlet has yet released or referenced this report.

– SOROS FUND MANAGEMENT LLC. in Delaware
– Quantum Industrial Partners LDC in Cayman Islands
– QIH Management Investor, L.P. in Delaware
– QIH Management, Inc. in Delaware
– Stanley F. Druckenmiller
– Duquesne Capital Management, L.L.C. in Pennsylvania

UPDATE!  3-2-09

From: http://www.theobamafile.com/ObamaLatest.htm

Beckwith still following leads.  We may never know about this secrecty unless there is a whistleblower or a “leak”…..

 

 

Obama Grants Eminent Domain Rights to China ~ Well, maybe?

This is an update to yesterday’s report.

Red County has a report that points to the Examiner as the source.

The Examiner names the Patriot Room and LiveLeak as its sources.

LiveLeak deadends. The LiveLeak report has no source.

Patriot Room attributes the report to the Hal Turner Show — “Honest talk in a time of universal deceit.”

The Hal Turner Show blog, in a February 26, 2009 entry, entitled, “FEDS GRANT EMINENT DOMAIN AS COLLATERAL TO CHINA FOR U.S. DEBTS!,” contains this statement in the second paragraph:

“On February 11, Bloomberg Business News reported that China was seeking “guarantees” for its US Government debt, and it now appears they got it.  Well placed senior sources at the US Embassy in Beijing CONFIRM the formal written agreement was delivered by Secretary of State Hillary Clinton during her recent trip to China.”he third paragraph draws a conclusion:

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.”

Bloomberg Business News reports that China was seeking “guarantees” for its US Government debt — probably true.

As Bloomberg reports:

T

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.”

It appears Turner draws his conclusion from this statement in the Bloomberg report:

China’s loss of more than $5 billion from investing $10.5 billion of its reserves in New York-based Blackstone Group LP, Morgan Stanley and TPG Inc. since mid-2007 may increase its demand for the relative safety of Treasuries.” said Zhang Ming, secretary general of the international finance research center at the Chinese Academy of Social Sciences in Beijing.
So, in the negotiations, China made it clear they were shaky about the deal and they wanted guarantees.  Those guarantees would come in the form of Treasuries — bonds.

“The government will be a net buyer of Treasuries in the short term because there’s no sign they have changed their strategy.”

So, China will hold a lot of American bonds.

While in China, Hillary Clinton went on Chinese television and urged China to keep buying U.S. treasury bonds. “It’s a good investment, it’s a safe investment.”“Our economies are so intertwined.  The Chinese know that in order to start exporting again to its biggest market, the United States has to take some drastic measures with the stimulus package.  We have to incur more debt.  The Chinese recognize our interconnection”

The Chinese are following a strategy to move very aggressively into acquiring natural resource assets all over the world to fuel China’s continued growth.  Alan Tonelson, a research fellow with the U.S. Business and Industry Council, told reporters in 2005. “It’s all part of a Chinese campaign to move, again, very aggressively into the American economy.”

So, the question becomes —what is our exposure?

Buried way, way down in the US – China agreement there is a standard bond agreement that contains language giving whomever or whatever access to the eminent domain process?

And, what about this vote? the U. S. House of Representatives’ voted on a motion offered by Foxx  (R – VA, NC) that would prevent funds in the Omnibus Appropriations Act from being used to exercise the power of eminent domain.

H.R. 1105 — Omnibus Appropriations Act, 2009, February 24, 2009, Managers: McGovern / Session
I know I spent more time buying my last car than Obama spent organizing this trillion $ deal.  There’s no way all the “t”s are crossed and all the “i”s dotted.

“To make in order and provide the appropriate waivers for amendment #6, offered by Rep. Goodlatte (R-VA), which would prevent funds in the bill from being used to exercise the power of eminent domain to take private property from a private entity and give that property to another private entity, while exempting certain enumerated uses, such as highways, prisons, public utilities, and in cases of national emergencies or national disasters declared by the President.”

The motion was defeated 4 to 7.

UPDATE 3-03-09: From Beckwith at http://www.theobamafile.com/ObamaLatest.htm

Obama Grants Eminent Domain Rights to China

The State Department says there is “no factual basis” to an Internet rumor that went viral over the weekend claiming Secretary of State Hillary Clinton was willing to pledge American homes to China as collateral for Beijing buying U.S. debt.

The rumor, in various versions, claimed Clinton brought with her last month to Beijing a written agreement offering to extend to China the option to exercise eminent domain rights within the U.S.  The rights purportedly were offered as collateral for China’s continued willingness to purchase additional trillions of dollars in U.S. Treasury debt the Obama administration hopes to sell to finance projected federal budget deficits.

“There is no factual basis or substance to this report,” Laura Tischler, a State Department press officer, e-mailed WND in response to an inquiry.

the U.S. Treasury is planning to raise $2.5 trillion in debt in 2009 and an additional $4 trillion in 2010 to provide financing for the projected Obama administration deficits.

The massive amount of U.S. Treasury debt financing is projected to increase the current $10 trillion national debt by 65 percent in just the first two years of the Obama administration.

Underlying the Internet rumor was the fact that a major purpose of Clinton’s February trip to China was to make sure the Chinese would continue to buy U.S. Treasury debt in the trillions of dollars the Obama administration will need to fund the massive budgetary deficits planned for economic bailouts and an unprecedented expansion of the welfare state.

China and Japan are the two largest holders of U.S. Treasury debt, with China currently owning some $800 billion in Treasury debt securities.

China wanted guarantees — what DID they get?

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3 CommentsLeave a comment

  1. This hasn’t been confirmed. If it turns out to indeed be true, you can be sure it won’t remain a secret.

  2. I put an addendum at the bottom of my post.
    Beckwith is following up with his sources in this.
    You may want to go here and read: http://www.theobamafile.com/_exhibits/SOROSCede.mht

  3. President Obama merely undersore the immediate necessity for American consumers to cease borrowing more money.


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