Thread: China invades U.S. with free-trade zones: demand US Assets

FROM JEROME CORSI'S RED ALERT

China invades U.S. with 'free-trade zones'

Will nation demand American assets in return for subsidizing Obama deficits?

Posted: January 30, 2011
10:21 pm Eastern
© 2011 WorldNetDaily

Editor's Note: The following report is excerpted from Jerome Corsi's Red Alert, the premium online newsletter published by the current No. 1 best-selling author, WND staff writer and senior managing director of the Financial Services Group at Gilford Securities.

China has decided to invade the United States, not with tanks and airplanes, but with an army of workers to develop what are being called "free-trade zones" within the U.S., Jerome Corsi's Red Alert reports.

Officials of the China National Machinery Industry Corporation have suggested developing a technology zone occupying 10,000 to 30,000 acres south of the Boise airport for industry, retail centers and homes.

A key argument of Corsi's book, "America for Sale: Fighting the New World Order, Surviving a Global Depression, and Preserving USA Sovereignty," is that China will not long continue to subsidize the Obama administration's trillion-dollar annual federal budget deficits without demanding U.S. assets in return.

"This ambitious, long-term proposal would start with a manufacturing and warehouse zone tied to the airport, and could signify a shift in the economic relationship between the two superpowers," the Idaho Statesman's Rocky Barker reported.

Other Chinese companies are already active in Idaho, according to Barker.

Hoku Materials Inc., a subsidiary of a Chinese energy firm, has 500 people building a $400 million plant to make polysilicon for solar panels, in Pocatello, Idaho; Hoku expects to begin production this year, employing 250 people;

Simomach, China's third-largest contractor with more than $14 billion in sales last year, told Southeast Idaho Energy, which is planning to build a $2 billion fertilizer plant in Power County, it wants the contract for engineering, procurement and construction in the fertilizer plant; Southeast Idaho Energy plans to turn goal into gas to produce nitrogen fertilizer and sulfur, hiring 700 to 1,000 people during construction, with 150 permanent workers.

Simomach has sweetened the deal by offering to finance the development of the fertilizer plant with Chinese-government provided funds.

"Simomach officials met with Boise city and airport officials – including Mayor Dave Bieter – to discuss developing a first phase for the technology zone that would set up a base of operations for Chinese companies doing business in the United States," Barker reported.

Simomach has sent delegations to Ohio, Michigan and Pennsylvania to talk about setting up research and development bases and industrial parks.

Corsi noted that the U.S. government has created 257 foreign trade zones, or FTZs, throughout the United States, designed to extend special U.S. customs treatment to U.S. plants engaged in international-trade-related activities.

The FTZs tend to be located near airports, with easy access into the continental NAFTA and WTO multi-modal transportation systems being created to move free-trade goods cheaply, quickly and efficiently throughout the continent of North America.

"There is nothing in the U.S. government's description of FTZs that would prevent a foreign government, like China, from operating a shell U.S. company that is in reality owned and financed by the Chinese government and operated through a Chinese government-owned corporation," Corsi wrote.

For more information on China's role in developing "free-trade zones" within the U.S., read Jerome Corsi's Red Alert, the premium, online intelligence news source by the WND staff writer, columnist and author of the New York Times No. 1 best-seller, "The Obama Nation."

http://www.wnd.com/index.php?fa=PAGE.view&pageId=257721

Simomach has sweetened the deal by offering to finance the development of the fertilizer plant with Chinese-government provided funds.

What a deal. The Chinese buy our debt. We pay the debt and INTEREST, and they take the INTEREST and buy our hard assets. Sound right?

Central bank to central bank? From the right hand to the left hand?