FEDS GRANT EMINENT DOMAIN AS COLLATERAL TO CHINA FOR U.S. DEBTS!
What do you think of your hero now?
The audacity of this maniac is off the scale now; this is not change you can believe in, if true this is nothing more high treason!
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Thanks for trolling. The very first words following the headline of the article at your link states:
The article is an unsourced, unsubstantiated rumor, and neither you nor the author of your linked source has a clue about the legal meaning of the term, "eminent domain."
Harvey
Senior AnandTech Moderator
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 More.. 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.
What do you think of your hero now?
The audacity of this maniac is off the scale now; this is not change you can believe in, if true this is nothing more high treason!
---
Thanks for trolling. The very first words following the headline of the article at your link states:
The information in this article is unsourced at this time. Please direct any questions about its validity to the author.
The article is an unsourced, unsubstantiated rumor, and neither you nor the author of your linked source has a clue about the legal meaning of the term, "eminent domain."
Eminent domain
(United States)... in common law legal systems is the inherent power of the state to seize a citizen's private property, expropriate property, or seize a citizen's rights in property with due monetary compensation, but without the owner's consent. The property is taken either for government use or by delegation to third parties who will devote it to public or civic use or, in some cases, economic development. The most common uses of property taken by eminent domain are for public utilities, highways, and railroads.[citation needed] Some jurisdictions require that the government body offer to purchase the property before resorting to the use of eminent domain.
Harvey
Senior AnandTech Moderator