Wednesday, March 4, 2009

China and Eminent Domain on US Lands

Claim: The U.S. government has agreed to allow China to exercise "eminent domain" as collateral for American debt.


Read the rest of the article here:

Even though Snopes lists this as false, it would be prudent to monitor this, just in case!


  1. from something I get at work:
    CONTACT: Tim Bueler


    State says 'no basis' for claim eminent domain rights offered as collateral for debt

    By Jerome R. Corsi
    © 2009 WorldNetDaily

    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 Little Green Footballs blog traced the story to an unsigned post at that claimed an unnamed source at the U.S. Embassy in Beijing had "confirmed" that Clinton brought the agreement with her to China.

    Little Green Footballs also referenced a similar story written by talk-radio host Hal Turner that reproduced the story virtually word-for-word.

    The now-discredited story seemed to gain emotional energy from the unfounded fear that "our federal government has now granted to China this power to 'take' our homes and businesses in the event the U.S. government defaults on its debts."

    WND has reported 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.

    About Dr. Jerome R. Corsi:

    Jerome R. Corsi is a staff reporter for WND. He received a Ph.D. from Harvard University in political science in 1972 and has written many books and articles, including his best-sellers "The Obama Nation" and "The Late Great USA." Other books include "Showdown with Nuclear Iran," "Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil," which he co-authored with WND columnist Craig. R. Smith, and "Atomic Iran."

  2. I'm still not so sure that this is false. I too will be keeping a close eye on this situatuion.

  3. My question ism what are the affiliations of this dude on Snopes who claims this is false.. Anymore, I've got more cause to believe the "conspiracies" than not.... Obammy has pretty much fulfilled most of the fears of the "tin foil hat" crowd to date.

  4. When it comes to believing Snopes...they also say that Dark Lord has shown his birth certificate and it is authentic. If that is so, why is there such an outcry for him to produce the document?
    Snopes is hardly worth believing in anything concerning Dark Lord. His birth certificate is not the only item in his background Snopes denied as truth and have since been proven wrong.
    Also, if the MSM and dot-gov are denying anything, consider it a lie. Such has been the case at least the last tweny-four years.
    Now, about emminent domain: what happens if Chinese citizens purchase half the homes, or even one-fourth, in California or elsewhere...and suddenly there is rebellion in the streets? Does anyone think China will not have 'rights' to send troops here to 'protect the interests of its citizens'? The Dark Lord will undoubtedly give those nations 'free and clear permission to defend their property'. Don't ever doubt that.
    For one American, I am deeply troubled by foreign nationals purchasing land/properties in the United States. Regardless who has the money, it just reeks of political gain for all but honest Americans.