Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

China poised to play debt card
wnd ^ | 1/20/13 | Jerome R. Corsi

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 ...


TOPICS: News/Current Events
KEYWORDS: card; china; debt; play
Navigation: use the links below to view more comments.
first 1-5051-63 next last
Manchurian candidate indeed.
1 posted on 01/20/2013 5:50:52 PM PST by Nachum
[ Post Reply | Private Reply | View Replies]

To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


2 posted on 01/20/2013 5:53:08 PM PST by Nachum (Back on the Google blacklist- www.nachumlist.com)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

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.


3 posted on 01/20/2013 5:56:30 PM PST by rbg81
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

I nominate Detroit first!


4 posted on 01/20/2013 5:57:12 PM PST by Enterprise ("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

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.


5 posted on 01/20/2013 6:01:27 PM PST by apoliticalone
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

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.


6 posted on 01/20/2013 6:04:56 PM PST by Vince Ferrer
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

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.


7 posted on 01/20/2013 6:05:14 PM PST by Vince Ferrer
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

Now he’s going to do the things he could not do if he had to run again.


8 posted on 01/20/2013 6:06:36 PM PST by Dogbert41 (.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

Hey....just send them one of our new 1 trillion dollar coins....there you are, paid in full....see ya!


9 posted on 01/20/2013 6:07:02 PM PST by terycarl
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vince Ferrer

“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.


10 posted on 01/20/2013 6:08:28 PM PST by Dogbert41 (.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Enterprise

>>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.


11 posted on 01/20/2013 6:09:35 PM PST by servantboy777
[ Post Reply | Private Reply | To 4 | View Replies]

To: Enterprise

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.


12 posted on 01/20/2013 6:10:59 PM PST by 3Fingas (Sons and Daughters of Freedom, Committee of Correspondence)
[ Post Reply | Private Reply | To 4 | View Replies]

To: apoliticalone

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.


13 posted on 01/20/2013 6:11:45 PM PST by entropy12 (The republic is doomed when people figure out they can get free stuff by voting democrats)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Nachum
The debt that China owns entitles them to receive nothing more than payments in American Currency at the rate of principal plus any interest based on the rate they agreed to at the time they bought the securities.

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.

14 posted on 01/20/2013 6:13:53 PM PST by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: entropy12

So Khrushchev was right??? We’d sell our enemy the rope they’d use to hang us?


15 posted on 01/20/2013 6:18:15 PM PST by Aria ( 2008 & 2012 weren't elections - they were coup d'etats.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Aria

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.


16 posted on 01/20/2013 6:30:26 PM PST by entropy12 (The republic is doomed when people figure out they can get free stuff by voting democrats)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Nachum; All

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


17 posted on 01/20/2013 6:33:00 PM PST by SeminoleCounty (The only automatic weapon is the one Obama uses to take your paycheck)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeminoleCounty

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.


18 posted on 01/20/2013 6:43:42 PM PST by entropy12 (The republic is doomed when people figure out they can get free stuff by voting democrats)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Nachum

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.


19 posted on 01/20/2013 6:49:14 PM PST by BobL
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

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


20 posted on 01/20/2013 7:01:00 PM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

They have a problem. The US owes them a lot of money.


21 posted on 01/20/2013 7:02:44 PM PST by driftdiver (I could eat it raw, but why do that when I have a fire.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

I’m sure the Chinese will be following the script from the one world government folks, whatever it says.


22 posted on 01/20/2013 7:06:46 PM PST by PieterCasparzen (We have to fix things ourselves)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

Let ‘em.

Then nationalize every bit. Problem solved.

Next.............


23 posted on 01/20/2013 7:08:33 PM PST by RightOnline (I am Andrew Breitbart!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: entropy12

Preach it, brother.


24 posted on 01/20/2013 7:10:33 PM PST by RightOnline (I am Andrew Breitbart!)
[ Post Reply | Private Reply | To 13 | View Replies]

To: entropy12
Tariffs and restricting trade has caused depressions in the past.

That is a myth and a lie. Free Traitors tend to be liars, so I'd expect as much.

25 posted on 01/20/2013 7:12:23 PM PST by central_va ( I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Dogbert41
Now that Hispanics outnumber everybody else in California, I think Mexico would object to that.

The Asians are catching up and will need Mexicans for cheap labor.

26 posted on 01/20/2013 7:17:16 PM PST by Mike Darancette (Soylent Green is Boomers)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Nachum

The United States Constitution, Article I, Section 8:
“The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;...To regulate Commerce with foreign Nations,...”

The Tariff Act of 1789 was the first national source of revenue for the newly formed United States.


27 posted on 01/20/2013 7:17:18 PM PST by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enterprise
China will make them thrive. They will run out the idiot bums and import hard working intelligent people in their place.
28 posted on 01/20/2013 7:21:53 PM PST by Nuc 1.1 (Nuc 1 Liberals aren't Patriots. Remember 1789!)
[ Post Reply | Private Reply | To 4 | View Replies]

To: entropy12
"Tariffs and restricting trade has caused depressions in the past. Do not ignore history otherwise you will be doomed to repeat it."

WTO helping China Loot Caterpillar
americanthinker.com ^ | 10/04/2010 | Howard Richman & Raymond Richman
"Why can’t Caterpillar make a profit exporting mini-excavators to China? The answer is simple: China has a 30% tariff on all excavators. In fact it has a similar high tariff on just about every vehicle, be it a Ford car, a GMC truck, a Harley Davidson motorcycle, or a giant mining machine made by Bucyrus International."

China Imposes Tariff on US Car Imports
http://www.freerepublic.com/focus/f-chat/2820831/posts

Caterpillar Punked By Chinese Fraud, To Write Off Half Of Q4 Earnings
http://www.freerepublic.com/focus/f-news/2979832/posts

Jackie Chan calls US 'most corrupt' country in the world
http://www.freerepublic.com/focus/f-news/2977382/posts

'Be Ready for a War in 2013 and Also Win it', China Tells its Soldiers
http://www.freerepublic.com/focus/f-news/2979921/posts


29 posted on 01/20/2013 7:25:15 PM PST by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Vince Ferrer

Didn’t Hilary Clnton do that several years ago?


30 posted on 01/20/2013 7:26:13 PM PST by Selene
[ Post Reply | Private Reply | To 6 | View Replies]

To: Nachum

When you owe the bank a thousand the bank owns you.When you owe the bank a trillion *you* own the *bank*.


31 posted on 01/20/2013 7:26:34 PM PST by Gay State Conservative (Red State Secession Is The Only Answer)
[ Post Reply | Private Reply | To 1 | View Replies]

To: apoliticalone

“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.”

Can you say Dickie Blum ( DiFi’s husband) and Paul Pelosi (husband of you know who). These people have gotten rich doing deals with the Chinese at the expense of their country. They all should be hanging from a lamp post in downtown San Francisco.


32 posted on 01/20/2013 8:11:40 PM PST by vette6387
[ Post Reply | Private Reply | To 5 | View Replies]

To: Dogbert41

China could ship an amount of people equal to the states population here and they wouldn’t even be missed over there...


33 posted on 01/20/2013 8:13:31 PM PST by Axenolith (Government blows, and that which governs least, blows least...)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Vince Ferrer

“Because they are just going to give California to China.”

That Delta smelt funny. Somehow, I don’t think the Chinese will care one whit for it.


34 posted on 01/20/2013 8:16:34 PM PST by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto!)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Nachum

This article is laughable. What it says may happen is already an active program. This is not news. It is a writer totally uninformed.


35 posted on 01/20/2013 8:27:53 PM PST by gunsequalfreedom (Conservative is not a label of convenience. It is a guide to your actions.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: entropy12

“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.”

I could agree with that philosophy with USA corporations that employ and produce predominantly in the USA. Multi-national corporations should have no rights to lobby or influence our government. They are foreign entities. They don’t necessarily hire Americans and they pay little to no USA taxes, they get big kickbacks from local governments on taxes, they get tax credits for intellectual R&D that they then send to and use in China, and they have obvious zero loyalty to America.

We’ve had too many years of a US Congress that forgot that their mission was to protect the USA, be it our borders or economic warfare. We’d be better off using a hammer than a carrot on them and demand that they either employ Americans or they get no USA protection, or tax credits or opportunity to influence our Congress or government contracts. They’d either be producing in the USA and hiring Americans, or they’d be treated as the foreign entity that they are.

The reason we are in debt is because we were living in fantasy land on an economic credit card, where Wall St deal making was falsely considered GDP, and because so many real American jobs went off shore.


36 posted on 01/20/2013 8:47:06 PM PST by apoliticalone
[ Post Reply | Private Reply | To 13 | View Replies]

To: BobL

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.


That’s coming only first in line to buy what is ours will be the Wall St bankers that we bailed out, and then they will profit by selling our assets to the Commie Chinese along with Yellowstone and Grand Canyon.

The thieving deal makers that sank the economy and forced the politicians to bail them out are knocking on the door looking for more opportunity. They want what is ours but first they want our guns.


37 posted on 01/20/2013 8:53:58 PM PST by apoliticalone
[ Post Reply | Private Reply | To 19 | View Replies]

To: familyop

Unilateral tariffs are a loser. Tariffs to make trade fair are necessary. If China is imposing tariffs, we have a good reason to do something about it. It could be reciprocal tariffs or financial breaks to domestic outfits.

What I was talking about is unilateral tariffs based purely on a trade imbalance when both nations are on level ground.

One must remember, not every nation is most efficient in production of everything. To prosper industrially we must focus on things we are most productive at. For example no one can compete with quality of mechanical watches made in Switzerland. It would be fool hardy for us to impose tariffs on such watches.


38 posted on 01/20/2013 8:55:18 PM PST by entropy12 (The republic is doomed when people figure out they can get free stuff by voting democrats)
[ Post Reply | Private Reply | To 29 | View Replies]

To: vette6387

I agree 100%. If we don’t wake up to the fact that the politicians of both Parties are selling us out for their reelections and cronies, we’re going to wake up in the near future and wonder what happened to our America?


39 posted on 01/20/2013 8:56:59 PM PST by apoliticalone
[ Post Reply | Private Reply | To 32 | View Replies]

To: gunsequalfreedom
There is a Chinese economic zone inside Idaho, south of Boise. Already in business. Full of Chinese nationals.
40 posted on 01/20/2013 9:03:25 PM PST by Myrddin
[ Post Reply | Private Reply | To 35 | View Replies]

To: apoliticalone

“That’s coming only first in line to buy what is ours will be the Wall St bankers that we bailed out...”

I can’t say that I disagree with that...


41 posted on 01/20/2013 9:06:11 PM PST by BobL
[ Post Reply | Private Reply | To 37 | View Replies]

To: combat_boots

The Chinese built the railroads through the Sierra; give them the railroads.


42 posted on 01/20/2013 9:18:10 PM PST by Paladin2
[ Post Reply | Private Reply | To 34 | View Replies]

To: Nachum
We owe them? I don't get it.

When are the Chi-Coms going to pay the rest of what they owe us?

United States Free Enterprise, INC.

INVOICE

Your Treasury certificates are your payment receipts. Thank you.

43 posted on 01/21/2013 3:23:21 AM PST by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: entropy12
Tariffs and restricting trade has caused depressions in the past.

Free trade is what causes depressions you idiot. Look around America today. Those unemployed Obama voters want your tax money. How's your moronic free trade libertarianism working out for ya! When I grew up those people had the option of decent paying factory jobs. But when you send their jobs to China then they want your tax money (Obama bucks) to live on

As much as you believe in stupid illogical discredited shit like free trade....They believe even more in getting Obama to grab your taxes and give it to them via Obama-Care and our vast Federale welfare system

44 posted on 01/21/2013 3:36:09 AM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Nachum

Something like this is happening in BC with a coal mine China owns and wants to use its own workers under so called temporary work permit. This allows wages set below the usual minimum wage. Court proceedings are underway to substantiate if citizens were indeed offered these jobs first as the Chinese company alleges.


45 posted on 01/21/2013 3:49:59 AM PST by balk
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enterprise

No they have chosen a community about 35 miles west “Saline” Michigan where they want to build a McMansion Community and be State Residents. My guess is so they can get In-State Tuition at the University of Michigan for starters....


46 posted on 01/21/2013 4:01:03 AM PST by taildragger (( Tighten the 5 point harness and brace for Impact Freepers, ya know it's coming..... ))
[ Post Reply | Private Reply | To 4 | View Replies]

To: gunsequalfreedom; All

What do expect from World Nut Daily???


47 posted on 01/21/2013 4:55:50 AM PST by KevinDavis (And you, be ye fruitful, and multiply; bring forth abundantly in the earth, and multiply therein.)
[ Post Reply | Private Reply | To 35 | View Replies]

To: dennisw; All

So I should pay extra so I can keep some brain dead union slob employed?? I should not buy anything that is not cheap??


48 posted on 01/21/2013 5:03:25 AM PST by KevinDavis (And you, be ye fruitful, and multiply; bring forth abundantly in the earth, and multiply therein.)
[ Post Reply | Private Reply | To 44 | View Replies]

To: apoliticalone
If we don’t wake up to the fact that the politicians of both Parties are selling us out for their reelections and cronies, we’re going to wake up in the near future and wonder what happened to our America?

Good point but the alarm clock went off four years ago. Way too many people rolled over, slapped the snooze button and went back to sleep.

49 posted on 01/21/2013 5:35:53 AM PST by upchuck (America's at an awkward stage. Too late to work within the system, too early to shoot the bastards.)
[ Post Reply | Private Reply | To 39 | View Replies]

To: apoliticalone

Your misunderstanding of the way of the world seems near total. We no longer live in a world of limited travel, of limited communications of limited business. We live in a world of global trade.

Global trade means that the products we consume are sourced globally. Your PET/CT Scan is likely done on a machine and with equipment containing components from all over the world. Your TV set or smart phone or automobile contains elements from all over.

I think that if you knew about American very small corporations that operate in many many places in the world you would be astounded. They have very few employees, less than a hundred or so but compete in global markets because they have truly great products.

The corporations are not greedy, the multinationals are capitalist. You seem to oppose capitalism at it’s most basic level. You seem to oppose the freedom to have and grow a business.

Opposition to capitalism and to freedom are very telling attributes.


50 posted on 01/21/2013 6:01:37 AM PST by bert ((K.E. N.P. N.C. +12 .....The fairest Deduction to be reduced is the Standard Deduction)
[ Post Reply | Private Reply | To 5 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-63 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson