CHINESE ON OUR SOIL, BUYING UP OUR COUNTRY

Joseph Smith was once quoted as saying (paraphrased), "If the US is not careful, it will have to deal with the heathen Chinese in lands beyond where you are driven (speaking to the Saints who were not long from being driven to the Rocky Mountains)".

I want to say I have nothing against the Chinese as individuals, but loudly and vehemently detest their form of "government" which is as corrupt and evil as the Russian "government" which uphold no true freedom of any kind.  What they hold up is just a fabrication foisted on a brainwashed populace.   What we are quickly turning into - and I will re-iterate what I have been saying for ten years now (long before this blog), that the average person in Russia will be more free than we are here at some future point....  No drones flying over the public that I am aware of in mother Russia.....

I have been blathering about this Chinese thing for years - hoping people would not/could not be so stupid.  Here is a link to my previous post from two years ago nailing this down, long before Spencer added his witness, long before we continued this disaster in re-electing our "beloved" leader and furthering our spiral into financial oblivion:

http://woodyoubelieveit.blogspot.com/2011/04/possible-reason-to-stay-out-of-debt.html

And no one else sounding the alarm......  Why is it ME who MUST do the heavy lifting??  Where are people with some authority to drop the hammer?   I am a nobody, relatively speaking - yet I have to sound the watch-cry from my insignificant post.  Is this all part of the plan so we (as a Church) can get into China to convert them as a nation (those that are left, anyway), after they come here and devastate our land and our sacred Constitution and then are driven off themselves and humbled by their own series of disasters??  Is that how it must go down?  If so, we are a lost and a fallen people and I feel to mourn for "ye fair ones".  A people so lost that our obsession is with Rihanna (I actually have no idea who she is - and do not care to know; EVER) and her latest breast enlargement surgery or which guy she is fornicating with this week, or the latest wardrobe malfunction, or whatever.....!!!!  Do we, or should we really care??  NOOOO!!!!  Its all garbage and a distraction to what is really happening silently behind our backs.  I detest the media/Hollyweird and cannot wait until they are slipping quietly beneath the Pacific.  What a BLESSED day for people who just want some blessed relief from Babylon.

So, along with what Spencer had to say, here we are.....  Man this stuff just makes my blood boil!  How could we be so foolish - so deceived as a people - so gullible!  Our goose is cooked, the trap is about to be sprung and we have no easy way out.

The wolves are encircling us:

EDITOR’S NOTE: Barack Obama’s involvement in the DeMar Second Amendment case was previously reported in Chapter 7 of Jerome R. Corsi’s “America for Sale: Fighting the New World Order, Surviving a Global Depression, and Preserving USA Sovereignty.”
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.
WND has reliable information that the Bank of China, China’s central bank, has continued to advance the plan to convert China’s holdings of U.S. debt into equity owned by China in the U.S.
The Obama administration, under the plan, would grant a financial guarantee as an inducement for China to convert U.S. debt into Chinese direct equity investment. China would take ownership of successful U.S. corporations, potentially profitable infrastructure projects and high-value U.S. real estate.
Jerome Corsi exposes the globalists’ plan to put America on the chopping block in “America for Sale: Fighting the New World Order, Surviving a Global Depression, and Preserving USA Sovereignty,” available at WND’s Superstore.
The plan would be designed to induce China to resume lending to the U.S. on a nearly zero-interest basis.
However, converting Chinese debt to equity investments in the United States could easily add another $1 trillion to outstanding Obama administration guarantees issued in the current economic crisis.
As of November 2012, China owned $1.17 trillion in U.S. Treasury securities, according to U.S. Department of Treasury and Federal Reserve Board calculations published Jan. 16.
Concerned about the unrestrained growth in U.S. debt under the Obama administration, China has reduced by 97 percent its holdings in short-term U.S. Treasury bills. China’s holding of $573.7 billion in August 2008, prior to the massive bank bailouts and stimulus programs triggered by the collapse in the U.S. mortgage market, dwindled to $5.96 billion by March 2011.
Treasury bills are short-term debt that matures in one year or less, sold to finance U.S. debt. Holdings of Treasury bills are included in the $1.17 trillion of total Treasury securities owned by China as of November 2012.
In addition to a national debt in excess of $16 trillion, the U.S. government in 2010 faced over $70 trillion in unfunded obligations, including Social Security and Medicare benefits scheduled to be paid retiring baby boomer retirees in the coming decades, with unfunded obligations showing no sign of being reduced with Congress at a deadlock over reducing federal government spending.
Yu Qiao observed that if the U.S. dollar collapsed under the weight of proposed Obama administration trillion-dollar budget deficits into the foreseeable future, holders of U.S. debt would face substantial losses that the Financial Times estimated “would devastate Asians’ hard-earned wealth and terminate economic globalization.”
“The basic idea is to turn Asian savings, China’s in particular, into real business interests rather than let them be used to support U.S. over-consumption,” Yu Qiao wrote, reflecting themes commonly suggested by Chinese government officials. “While fixed-income securities are vulnerable to any fall in the value of the dollar, equity claims on sound corporations and infrastructure projects are at less risk from a currency default,” he continued.
The problem is that, in a struggling U.S. economy, China does not want to trade its investment in U.S. Treasury debt securities, with their inherent risk of dollar devaluation, for equally risky investments in U.S. corporations and infrastructure projects.
“But Asians do not want to bear the risk of this investment because of market turbulence and a lack of knowledge of cultural, legal and regulatory issues in U.S. businesses,” he stressed. “However if a guarantee scheme were created, Asian savers could be willing to invest directly in capital-hungry U.S. industries.”
Yu Qiao’s plan included four components:

1. China would negotiate with the U.S. government to create a “crisis relief facility,” or CRF. The CRF “would be used alongside U.S. federal efforts to stabilize the banking system and to invest in capital-intensive infrastructure projects such as high-speed railroad from Boston to Washington, D.C.
2. China would pool a portion of its holdings of Treasury bonds under the CFR umbrella to convert sovereign debt into equity. Any CFR funds that were designated for investment in U.S. corporations would still be owned and managed by U.S. equity holders, with the Asians holding minority equity shares “that would, like preferred stock, be convertible.”
3. The U.S. government would act as a guarantor, “providing a sovereign guarantee scheme to assure the investment principal of the CRF against possible default of targeted companies or projects”.
4. The Federal Reserve would set up a special account to supply the liquidity the CRF would require to swap sovereign debt into industrial investment in the United States.

“The CRF would lessen Asians’ concern about implicit default of sovereign debts caused by a collapsing dollar,” Yu Qiao concluded. “It would cost little and help the U.S. by channeling funds to business investment.”

Read more at http://www.wnd.com/2013/01/china-poised-to-play-debt-card-for-u-s-land/#d4K2IGy5lywa9C5B.99