Obama Mortgages US to China for Cash

There is some very profound (if true) news on the internet.

Obama’s gargantuan spending throwaway plan of course will require vast loans from the originators of Obama’s economic philosophy, the Red Chinese. But the Chinese are smarter by far than Obama, and have Obama firmly by the bum. They require security for the loan! America’s debt is no longer prime paper, with so much of it going out. What a surprise. Obama has handed over to the Chinese a mortgage on America. If the dollar value of the Chinese loans devalues too much, the Chinese will have the power to exercise eminent domain in America, foreclosing on their loans to Obama.

Obama forgot to mention his credentials during the campaign. He is a past master at the mortgage game. In 1995, Obama sued Citibank in Chicago to write more bad subprime mortgages; the settlement by Citibank was a landmark affecting the mortgage industry across America. Today, Obama finished the job at Citibank, (now Citigroup) and also finished off Citigroup, seizing controlling interest in the ex-free market banking concern. Obama is moving now to replace the board of directors of Citigroup so the bank will write more bad loans. Capitalism, the source of America’s cultural and economic success, has been crushed under Obama’s heel. But that is only the start . . .

Red China now can foreclose inside America as security for its loans to Obama for his incredible, impossible spending programs. All it takes is the value of the dollar to slip. Apparently Obama doesn’t think you should have property; because he is working overtime, in parallel, to ruin the dollar. Your mortgage banker is Red China, and the high-commission broker none other than Obama himself.  The cash?  Look in Obama’s re-election lock box!

The story is everywhere, but Moonbattery is an excellent place to start.

The United States of America has tendered to China a written agreement which grants to the People’s Republic of China, an option to exercise Eminent Domain within the USA, as collateral for China’s continued purchase of US Treasury Notes and existing US Currency reserves!

On February 11, Bloomberg Business News reported that China was seeking “guarantees” for its US Government debt (Story Here), and it now appears they got it. Well placed senior sources at the US Embassy in Beijing CONFIRM the formal written agreement was delivered by Secretary of State Hillary Clinton during her recent trip to China.

This means that in the event the US Government defaults on its financial obligations to China, the Communist Government of China would be permitted to physically take — inside the USA — land, buildings, factories, perhaps even entire cities — to satisfy the financial obligations of the US government.

Put simply, the feds have actually mortgaged the physical land and property of all citizens and businesses in the United States. They have given to a foreign power, their Constitutional power to “take” all of our property, as actual collateral for continued Chinese funding of US deficit spending and the continued carrying of US national debt.

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3 Responses

  1. America May Eventually Have to Use Public Land to Repay Debts to China, Says Artist

    Cutting Edge Conceptual artist R. Lloyd Ming says his ‘Chinese government claimed area’ signs are public artworks that are meant to encourage dialogue regarding a very serious issue facing America.

    The official looking street signs read: “In Lieu of Money Owed, The Chinese Government Has Claimed This Area.” The signs started appearing around New York City in January 2009. They are public artwork installations by cutting edge New York-based artist R. Lloyd Ming for his current solo show called ‘I am not Chinese’. Since the 1980’s Japan and China have lent money to America through the purchase of American Government Bonds. This money has been used to pay for everything from lowering taxes and financing America’s wars to fighting terrorism, among other uses.

    “These signs are art and not meant to offend or scare anyone and I apologize if my assistants accidentally installed them on private property,” says Ming. “I created them to simply encourage dialogue on the issue of America borrowing money from China and other countries.” Ming explains that the signs make us consider a situation in which America cannot pay back money to countries we have borrowed from. The signs suggest that public American land may have to be used as payment for these loans.

    As the show title of R. Lloyd Ming’s show ‘I Am Not Chinese’ suggests; the focus of the exhibit is China and what Ming calls the tenuous relationship between China and America. His art works address many controversial Chinese issues including censorship and capitalism under communist rule, trade imbalance, human rights, pollution, Tibet-China conflict, America borrowing money from China, potential US-China war and the deliberate devaluation of the Chinese Yuan. The show runs from March 3, 2009 to April 3, 2009 at Studio C. – 55 West 74th Street – New York NY, 10023. The show is by appointment; Telephone: (212)362.3093

    R. Lloyd Ming’s current solo exhibition: “I am Not Chinese” – March 3, 2009 to April 3, 2009 at Studio C. – 55 West 74th Street – New York NY, 10023. By appointment, Telephone: (212)362.3093

    For more info log on to: http://www.RLloydMing.com

    • You seem to have just awoken from your rip van winkle sleep of 40 years.

      The bush administration and fully supporting GOP (god awful party) have for many decades especially after 1975 allowed the Arab world into the USA banking system which CITIBANK is owned by.

      They are guilty of the sub-prime mess but that is only an infinitesimal part of what really went on.

      In England during the 1989 financial meltdown it was their version of GOP the Conservatives: seeing their constituents actually getting ahead financially for the first time since the end of the 2nd world war expressed by comic Harry Enfield of Loads of Money fame became jealous and decided to increase mortgage rates to 17.5% wiping out peoples investments because of increased loan repayments and then stealing their homes and businesses resulting in 8 years of no house sales. Added to that Maggie the Grocer Thatcher made English people pay a brand new tax VAT also 17.5% plus huge increases in property taxes from £120 per year to well over £1200.

      No it never was the sub prime mortgage market but heavy investments in futures and options by inexperienced bankers and con merchants world wide which also caused the huge losses at British Airways last month. Buying fuel at $149 a barrel instead of waiting for the bubble to burst. These amateur business financiers are the total and main cause of our woes today. And whats worse they are STILL HERE!

      China has had the sense to encourage their people to save their surplus income not in Stocks but in cash. That is why today they are greatly protected from the greed and avarice seen in USA . Some of the UK banks are run by imported Americans Lloyds Bank in particular is run that way.

      We saw cheap products imported from China I was saying only 5 years ago perhaps they are trying to seduce the world into reducing or eliminating their industrial output.

      What did we all do then we out sourced our workforce forcing millions of European and Western citizens out of work ALL I SAY ALL sanctioned by Bush and Cheyney. GOP both and a Whitehouse that New York Times said was out of control.

      They could and did absolutely nothing to prevent the world economic fall out we have today

      Nothing at all to do with President Obama who has done more in his first 6 months (as reported by USA news ) than the 2 Bushes put together. Thank goodness USA didn’t get Jeb Bush or even worse McCain the pain.

      So wake up and smell the corruption No roses not until USA has a National Health Care System that actually cares instead of steals your money and at the same time never admitting fault or ever paying for it.

  2. ok i know this sounds bad but look if all these greedy guys would help out he the president whouldn’t have to go such lenghts. I make $10/hour and its not enough to make a living. that’s barely $20,000 a year. ok but someone making 50 billion or just a billion cant see that he have way more than enough to live on if everyone is given a billion then that would kill the economy dont have to do the math to know that. but what do the rich do with there money i believe they dont do much with it since we are in economy melt down.

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