I heard about this a while back. I sure would like to get a confirm. It seems beyond belief but considering what now lives in the WH I would not be surprised.
It greatly pains me to have to admit that people on the right lie almost as much as those on the left. As the late Dr Michael Crichton wisely observed, we live in the disinformation age. I need some hard proof to believe this particular story.
PLEASE DON’T POST CRAP FROM CRAP SITES
I’m surprised this thread is still here. The last two or three were pulled quickly.
Maybe it’s the disclaimer you used.
Most rumors have some basis in fact. I believe this one does.
It's not.
What’s the source, API?
I don’t think we need to offer the Chinese any incentives to buy our debt.
They have to do something with their dollars, and though it may seem strange, all the other currencies are in worse shape than the USD.
Here`s another meter. Hoping it`s rumor.House Vote:
http://rules-republicans.house.gov/ShortTopics/Read.aspx?ID=237
H.R. 1105 — Omnibus Appropriations Act, 2009
February 24, 2009
H.R. 1105 – Omnibus Appropriations Act, 2009
Managers: McGovern / Sessions
Motion offered by Foxx
To make in order and provide the appropriate waivers for amendment #6, offered by Rep. Goodlatte (R-VA), which would prevent funds in the bill from being used to exercise the power of eminent domain to take private property from a private entity and give that property to another private entity, while exempting certain enumerated uses, such as highways, prisons, public utilities, and in cases of national emergencies or national disasters declared by the President.
Defeated 4 to 7*
Crackpots and FR - it’s getting tiresome.
Why wouldn’t this be true? The SCOTUS already said it was ok to take land so someone else could make more money from it(Kelo). If China, or anyone else bought our debt, what other collateral would they have? Our worthless money?
The sad thing is that many people would believe this or not be surprised if it turns out to be true. I don’t believe it now, but I wouldn’t be surprised.
Time for affirming your state’s rights in your state legislature. Be prepared to back it up.
Also, buy more ammo.
So the day will come when Wun-hung-lo comes to my door and orders me from “his” house? My internal “caca grande” meter is buzzing like hell. Not that I would put it past der Fuhrer, but I think that this would be the type of news even his wholly owned and operated MSM couldn’t keep quiet. And woe to him and his brownshirts if it should get out and be proven. Nope. Don’t buy it. But then I was wrong about the Jets/Colts Super Bowl too!
I heard a guy on Coast to Coast AM talking about this.
He said the Chinese have troops stationed in Canada ready to take over in case of default. I will try to find the show so I can give you his name.
WHAT!???!!!!!
Omigosh, I HOPE this is not true, but I wouldn’t put ANYTHING past this idiot! He has done more to take a wrecking ball to our economy, and the country in general, in less than two months, than just about anyone else I can think of.
It's bullshit, plain and simple. The conditions of ownership of US debt are clearly outlined: backed by the full faith and credit of the US government.
People have too too much time on their hands.
Even if true it would not be worth the paper its written on.
This has been a fear of mine for years when all this “buy our debt” business started. When our money was worthless, land would have to be bartered next.