Thursday, February 24, 2011

Bob Chapman: US Has Given China "Eminent Domain" Option as Collateral for China's US$ Holdings

In his February 23 newsletter, Bob Chapman (of The International Forecaster) claimed his sources in the US Embassy in Beijing have confirmed to him that the US gave China a written agreement that allows China to exercise "Eminent Domain" to seize assets in the US in case of US government default on its financial obligations; however, the section was dropped from the newsletter sometime after it was posted on the net.

The February 23 newsletter that contained the section about this "Eminent Domain" option for China on Chapman's site has been altered - the newsletter got truncated and it now ends right before the discussion of this secret deal. The summary at the top of the newsletter still refers to it by mentioning "mortgaged to China".

But I printed out last night, before it was apparently altered, and read it.

Here's what it said, and what is no longer in the newsletter posted on his site:

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.

Since the section has been pulled from the newsletter, it must have been some mix-up, a mistake.



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