“By lending that money (2.3 trillion dollars in trade deficits over ten years) back to the U.S., China is now on the cusp of being able to demand payment in land and natural resources, as the U.S. cannot reasonably hope to ever be able to pay off its debts in cash.”
On January 13th this year, Activist Post put up an article by contributor Michael Snyder headed “Does China Plan To Establish ‘China Cities’ And ‘Special Economic Zones’ All Over America?” in which we are told that China has been strategically purchasing land, property, and businesses.
Snyder quotes Dr. Jerome Corsi as saying that the Chinese Central Bank has developed a plan to “establish Chinese-owned businesses and bring in its citizens to the U.S. to work… China would own U.S. businesses, U.S. infrastructure and U.S. high-value land, all with a U.S. government guarantee against loss.”
This is because China wishes to exchange “debt” for “equity” due to the massive amounts owed by the U.S., which require the payment of approx. $100 million a day just in interest.
Snyder tells us that such speculation is anything but far-fetched, blaming disastrous free trade agreements for America’s frightening decline:
“Over the past decade, we have lost tens of thousands of businesses and millions of jobs to China… Overall, the U.S. has run a trade deficit with China over the past decade that comes to more than 2.3 trillion dollars. That 2.3 trillion dollars could have gone to U.S. businesses and U.S. workers, and in turn taxes would have been paid on all of that money. But instead, all of that money went to China.”
And by lending that money back to the U.S., China is now on the cusp of being able to demand payment in land and natural resources, as the U.S. cannot reasonably hope to ever be able to pay off its debts in cash.
Snyder provides plenty of examples of Chinese strategic property purchases in America, and I have read elsewhere that President Obama may have had medium-level discussions with China regarding the apportioning of agreed land areas to them as debt settlement.
It is speculated that China fears a massive backlash from enraged U.S. citizens when this sellout becomes public, and that this is why the push is on to disarm them.
China has been engaged in economic warfare and espionage against the U.S. for a good many years now, setting up businesses in the States in order to obtain “know-how” and advanced technology.
Bill Clinton is believed to have received massive financial support from China, and more recently, hundreds of millions of dollars were poured into Obama’s campaign coffers from outside the country, despite the illegality of such donations.
In an article published in March of 1997, “Senators Ask for Inquiry on Leasing of California Base to Chinese” linked to below, The New York Times reported that “Both of California’s Senators have asked the White House to investigate the leasing of a former Navy base in Long Beach to China’s state-owned shipping company, which last year transported several thousand automatic weapons that Federal officials say were headed for Los Angeles street gangs.”
Later on in the same article, we are told that “Shortly before the arrests in May, one of Mr. Clinton’s Asian-American supporters escorted Wang Jun, the president of the Chinese company that apparently produced the weapons, Polytechnology, into one of the White House coffees, where he met with the President… Mr. Clinton apparently did not know about Mr. Wang’s connections to Polytechnology or that the company was the subject of a major investigation in California into arms smuggling at the time he met Mr. Wang. Later, Mr. Clinton said the meeting was ‘inappropriate’ and an example of the failure of the White House to screen visitors rigorously.” (Emphasis added -JG).
Despite co-requesting an inquiry into the Long Beach leasing issue mentioned above, Senator Dianne Feinstein has had deep involvements with Chinese trade through her husband Richard C. Blum, who’s Wikipedia entry has this to say in the section headed “Controversy”:
“Blum’s wife, Senator Dianne Feinstein, has received scrutiny due to her husband’s government contracts and extensive business dealings with China and her past votes on trade issues with the country. Blum has denied any wrongdoing, however. Critics have argued that business contracts with the US government awarded to a company (Perini) controlled by Blum may raise a potential conflict-of-interest issue with the voting and policy activities of his wife.”
When we take these strong undercurrents into account, the CNS News item “Obama Wants 100,000 American Students to Study in Communist China” becomes considerably more ominous; according to a CNS News report dated January 24th, “Secretary of State Hillary Clinton on Thursday will celebrate the launch of a newly rebranded organization called the ‘100,000 Strong Foundation,’ which aims to have 100,000 American students studying in China by 2014.”
She is quoted later on in the story as saying that “China has established dozens of Confucius Institutes across the United States that offer Chinese language instruction and cultural programs to help Americans better understand China… We would like to see similar American language and culture centers on the campuses of Chinese universities.”
Chinese influence as a heavy investor in the U.S. Treasury is very real, and can result in astonishing lapses of security, as we are told by “Last Resistance” in their article “Treasury Department may grant Chinese businessmen espionage waiver” earlier this month.
According to them, “The Committee on Foreign Investment (CFIUS) headed by departing U.S. Treasury Secretary, Timothy Geithner, is currently reviewing the sale of a U.S. technology corporation, A123 Systems, to a Chinese multi-millionaire with historical loyalties to the Chinese Communist Party. If the sale is approved, Wanxiang Group stewarded by Lu Guanqiu, reportedly the third richest man in the National People’s Congress, will take control of A123 Systems and all of its sensitive U.S. defense and utility grid contracts.” (Emphasis added -JG).
And in Canada, Prime Minister Harper has just appointed Victor Oh, former president of the Mississauga Chinese Business Association and the “founding chairman” of the Canada-China Business Communication Council, to the Canadian Senate.
For some reason, perhaps Harper’s trade agreements with China and the recent $15.1 billion sale of Nexen to Chinese interests, I find Mr. Oh’s elevation deeply disturbing…
Overall, this is scary stuff indeed. In my article “Rare earth metals crisis as China puts on the squeeze” posted on June 1st last year, I had this to say about China:
“Unless we wise up, China will rule the world by the end of this century… They will not be bothered by the niceties of democracy and fair play, and they have little respect for foreigners, who they regard as backward and uncivilized.
“To understand China’s capabilities in terms of conquest and national achievements, read ‘1421′ by Gavin Menzies, which details the great Chinese voyages of exploration of the early 1400′s… Keep in mind that China was ruled then by an Emperor with absolute powers, and is ruled now by a Communist Party with similar dictatorial prerogatives.
“If the Western peoples wish to survive as a secure and distinct race and culture, we must act now.”
The writing is on the wall…
See “Does China Plan To Establish ‘China Cities’ And ‘Special Economic Zones’ All Over America?” here.
See “Senators Ask for Inquiry on Leasing of California Base to Chinese” here.
See Richard C. Blum’s Wikipedia entry here.
See the CNS News item “Obama Wants 100,000 American Students to Study in Communist China” here.
See “Treasury Department May Grant Chinese Businessmen Espionage Waiver” here.