Posted on 01/20/2013 5:50:39 PM PST by Nachum
NEW YORK – Could real estate on American soil owned by China be set up as “development zones” in which the communist nation could establish Chinese-owned businesses and bring in its citizens to the U.S. to work?
That’s part of an evolving proposal Beijing has been developing quietly since 2009 to convert more than $1 trillion of U.S debt it owns into equity.
Under the plan, China would own U.S. businesses, U.S. infrastructure and U.S. high-value land, all with a U.S. government guarantee against loss.
Yu Qiao, a professor of economics in the School of Public Policy and Management at Tsighua University in Beijing, proposed in 2009 a plan for the U.S. government to guarantee foreign investments in the United States.
(Excerpt) Read more at wnd.com ...
The list, Ping
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What? You mean they don’t want to get paid back with the Monopoly $$ printed by Bernake? I’m shocked! [/s]
At the end of the day, there’s not much the Chinese can do about it. $1T may sound like a lot, but when it comes to Government debt, its not.
I nominate Detroit first!
The real threat to the USA has always been the greedy multi national corporations that put the Communists in the driver’s seat thanks to trade policies enacted by traitorous politicians of both Parties and NYC financiers who forgot their primary responsibility is allegiance to only the USA and to Americans.
Instead they put their net worth and off shore bank accounts as foremost.
Even if the democrats aren’t going to do this, we should be hammering them on the possibility. Why else would they not want to cut spending? Because they are just going to give California to China.
Even if the democrats aren’t going to do this, we should be hammering them on the possibility. Why else would they not want to cut spending? Because they are just going to give California to China.
Now he’s going to do the things he could not do if he had to run again.
Hey....just send them one of our new 1 trillion dollar coins....there you are, paid in full....see ya!
“Why else would they not want to cut spending? Because they are just going to give California to China.”
Now that Hispanics outnumber everybody else in California, I think Mexico would object to that.
>>I nominate Detroit first!<<
I nominate Austin, Texas first. I’d rather have the Chicoms have it than the liberals.
Besides, we’d have’em surrounded if we ever go to war with the lil chinks.
Next, they can have San Francisco....I’m just kidding. We should just evict its current occupants, fumigate it, and then return it to normal hardworking American families.
The Chinese can be left with a whole lotta worthless IOUs.
Whoever told you corporations, multi-national, single-national, privately owned, any type....are there for philanthropy, justice or welfare of US citizens, lied to you big time.
By definition, corporations are free to make a profit for their share holders the best way they can. If that involves cheaper labor, lower taxes or less restrictive regulations in other countries, that is where they will take their business. Instead of attacking the corporations, attack the greedy politicians who keep increasing taxes, pass more and more restrictive regulations and do not put the kabash on unfair trading practices by other nations.
If they do not like their treasury bills they can sell them on the open market to the highest bidder. After all they only hold 1/4 of a years budget.
So Khrushchev was right??? We’d sell our enemy the rope they’d use to hang us?
The only thing Khrushchev was right about is that communism is a prosperity loser. He proved it with demise of USSR.
Formerly communist/socialist countries such as China, Viet-Nam, Russia are now giving capitalism a try.
China has now 150 Billionaire corporate owners! During Mao they had none. China now has ONE MILLION new millionaires! During Mao’s regime the only handful rich were the party bosses.
Wise people learn from history, others ignore history.
As long as we have Free Trade Communists who support Free Trade with Communist China....the Commie Chines are going to screw economically with the US
Until you start slapping large tariffs on the Communist Chinese, they will pretty much b-slap the US. Unfortunately, Obama agrees with the Free Trader Communists and is not going to get tough on Communist China
Tariffs and restricting trade has caused depressions in the past. Do not ignore history otherwise you will be doomed to repeat it.
Why do we have highest corporate tax rates in the world among major industrial countries? Why do we pay #80/hour including benefits to workers who perform routine assembly work requiring less than a week’s training? Why do we have the most restrictive environmental policies when China+India are building 1 new coal fired power plant EVERY WEEK? Why do we have Obamacare? Why are we paying entitlements with borrowed money from China?
Instead of blaming China, blame our politicians.
I think we could sell them our Interstate Highway System (with the right to toll at any level they wish) for about the amount of money we now owe them.
Fortunately Rick Perry didn’t become president, or the deal would have been completed by now.
Under a pos like Obama anything can happen. I would just give them East LA and make that into a Sino-Mexican free trade zone
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