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China's Largest Conglomerate Buys Building Housing JPMorgan's Gold Vault
Zero Hedge ^ | 10-18-13 | Tyler Durden

Posted on 10/18/2013 2:20:09 PM PDT by CincyRichieRich

In what is the most remarkable news of the day, which has so far passed very quietly under the radar, Fosun International, China's largest private-owned conglomerate which invests in commodities, properties and pharmaceuticals also known as "Shanghai's Hutchison Whampoa", announced in a statement filed just as quietly with the Hong Kong stock exchange, that it had purchased JPM's iconic former headquarters, the tower built by none other than David Rockefeller, at 1 Chase Manhattan Plaza for a measly $725 million.

(Excerpt) Read more at zerohedge.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: china; deamericanizedworld; gold; goldjpmorgan; goldvault; hutchisonwhampoa; jpmorgan; panamacanal
Yeah, worthy of Breaking News...somehow unnoticed. Good Lord, why don't we just give them the keys to Fort Knox?

Will this affect COMEX?CFTC? Hmm? I don't even have words except stuff like this is becoming daily, commonplace.

Remind me, what planet are we on?

Remember, Hutchinson Whampoa is the one Clinton sold the Panama Canel to!!!

Clinton also relaxed the rules around satellites and gave the Chicoms the ability to launch satellites and put that under the Trade Commission, then, sent Ron Brown to his death on an airplane...It was via Loral Space company.

Apparently it is now 0bummer's kingdom, so giving away the keys is a good thing when you hate the US.

I doubt any news source even covers this ANYWHERE.

1 posted on 10/18/2013 2:20:09 PM PDT by CincyRichieRich
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To: CincyRichieRich

I’ve been maintaining that the reason why the EPA has been trying to force expensive regulations on the coal industry so that they can force the coal companies out of business so China could buy them up for a song.

Nothing yet suggests I am wrong on this.


2 posted on 10/18/2013 2:26:56 PM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults)
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To: CincyRichieRich

Now I’m wondering if the gold is actually there?


3 posted on 10/18/2013 2:35:52 PM PDT by SueRae (It isn't over. In God We Trust.)
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To: SueRae

Now I’m wondering if the gold is actually there?


Salient point, likely rhetorical...

Sorry for my misspelling.


4 posted on 10/18/2013 2:38:19 PM PDT by CincyRichieRich (“Life is hard, but it’s harder when you’re stupid.” John Wayne)
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To: CincyRichieRich

It’s the NYC real-estate haircut anticipating 8 years of DeBlasio..


5 posted on 10/18/2013 2:42:10 PM PDT by ken5050 (Benghazi investigation update: "The plot thickens, like Hillary Clinton's ankles.." (longfellow")
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To: CincyRichieRich; SueRae

I’d like the answer to that question also. For the sale price, they didn’t buy a vault of gold just a nice building. So what point is there then?

Was the point supposed to be that China is buying up our gold reserves?


6 posted on 10/18/2013 2:58:32 PM PDT by AlmaKing
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To: CincyRichieRich

Gold or not, this is the sellout of our history let alone possibly some gold.


7 posted on 10/18/2013 3:11:39 PM PDT by Obama_Is_Sabotaging_America (If Americans were as concerned for their country as Egyptians are, Obama would be ousted!)
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To: CincyRichieRich

The 1 Chase Manhattan Plaza vault is just across the street from the NY US Fed gold vault and at the same depth. It is assumed the two are linked by a tunnel as in the past a lot of foreign national gold held in the Chase vault was booked or transferred to the US to settle debts before we went off the gold standard [our US once was a creditor nation, rather than debtor].

If the tunnel exists, China could demand payment of all the US debt it holds in gold and this transfer would occur without we citizens being the wiser. Of course, that would only occur if a disloyal weasel was in the White House so do not worry.


8 posted on 10/18/2013 3:31:53 PM PDT by RicocheT (Where neither their property nor their honor is touched, most men live content, Niccolo Machiavelli)
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To: CincyRichieRich

JPMorgan. Of course, Soros has his fingers in the pot.


9 posted on 10/18/2013 4:01:03 PM PDT by bgill (This reply was mined before it was posted.)
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