Thread: China poised to play debt card – for U.S. land - Communist nation 'development zones'

WND EXCLUSIVE

China poised to play debt card – for U.S. land

Communist nation could control American soil as 'development zones'

Jerome R. Corsi
Published: 01/20/2013 at 5:26 PM

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-poi...kQBWkAZE8WY.99

Meanwhile, let’s hope the last one out of the GridEx 2 simulation exercise turns North America’s lights back on.

Chinese troops will have boots on the ground in Hawaii on Tuesday

By Judi McLeod (Bio and Archives) Friday, November 8, 2013

Aloha Hawaiians! If you see what you think are soldiers from the Communist Peoples Republic of China Army wandering about in your neck of the woods Tuesday through Thursday next week, your imagination is not playing tricks on you.

For the first time in history the U.S. Army will host the Communist Peoples Republic of China’s Army on American soil Nov. 12-14, 2013.

But don’t worry while Chinese soldiers will have boots on the ground in Hawaii, they are only really “simulating”.

“Simulating humanitarian assistance and disaster relief to a fictional third country”.

You can’t make this stuff up whenGridEx 2 is doing it for you.

GridEx 2 (there was already a GridEx 1in November of 2011) is a massive ‘emergency drill’ planned to take place across the whole of North America with thousands of utility workers, business executives, National Guard officers, FBI antiterrorism experts and officials from government agencies, in the United States, Canada and Mexico (who) are preparing for an emergency drill in November that will simulate physical attacks and cyberattacks that could take down large sections of the power grid. (New York Times, Aug. 16, 2013).

The exercise is touted as a unified move “to test the resiliency of the U.S. power grid to withstand major damage causes by a natural disaster or deliberate attack”.

“Fears about the possible detonation of a nuclear warhead in the skies about the United States, for the purposes of creating an electromagnetic pulse aimed at sizzling electronics on the ground, have led a number of public figures to call for significant steps to strengthen the power grid. Ex-CIA head R. James Woolsey is planing a campaign to convince state governments to pass laws requiring utilities to harden their electronics against potential EMP attacks.

“A key objective of GridEx 2 is to learn how governments would handle a loss of electrical power that is large enough to drastically affect the delivery of common and essential goods and services.” (NYT)
Hoping that the U.S., Canada or Mexico aren’t GridEx 2’s “fictional third country” and that the soldiers out on reconnaissance in Blue Hawaii don’t stamp ‘Made in China’ on it.

The New York Times reported on GridEx 2’s massive, Nov. 13-14 drill on August 16, but never mentioned the participation of the Peoples Republic of China’s Army.

China’s Xinhua Agencies kicked in on November 6 reporting that American and Chinese soldiers will train together in the November exercise.

“The US [COLOR=#804400 !important]military[/COLOR] Pacific Commander, Samuel Locklear, said here Tuesday that a joint humanitarian assistance and disaster relief exercise to be held this month helps improve the relationship between the United States and China.” (Xinhua Agencies, Nov. 6, 2013)
”Locklear told a news briefing that the Pacific Command’s Army component commander in Hawaii has been looking forward to the Nov. 12-14 exercises “for some time”, as the Army will host the People’s Liberation Army soldiers of China to train together in a field environment, simulating humanitarian assistance and disaster relief to a fictional third country.

“Summing up his expectations for the joint exercise, Locklear said both militaries can learn something in disaster management and “better prepare tomorrow than yesterday”.

“In relation to our ability to do this with our Chinese counterparts”, he said, “this kind of exercise gives us a place to start, and get into the rhythm of understanding and trusting each other.”

“The joint exercise was announced during an August visit to Washington by Chinese Minister of National Defense Chang Wanquan, as China and the United States expand their military-to-military relationship and explore cooperation opportunities in non-traditional security areas.”

On August 19, Defense Secretary Chuck Hagel escorted China Minister of National Defense Gen. Wanquan during an honor cordon at the Pentagon.

In a same day press conference, Gen. Wanquan said China’s military has never supported any hacker actions, expressing at the joint press conference that the cyber space is a new field and cyberspace security threats have become a world wide problem. “China is one of the major victims of hacker attacks, suffering serious threats from network attacks,” he said.
Meanwhile, let’s hope the last one out of the GridEx 2 simulation exercise turns North America’s lights back on.

China Deploys New Bomber with Long-Range Land Attack Missile

Bill Gertz FreeBeacon, November 7, 2013 4:35 pm
China’s military recently deployed an upgraded strategic bomber that will carry themilitary’s new long-range land attack cruise missile, capable of attacking Hawaii and Guam, according to a draft congressional report.

The Oct. 8 draft of the forthcoming report of the U.S.-China Economic and Security Review Commission also reveals that China has developed a new armed drone nearly identical to U.S. military’s Reaper. The Chinese missile-firing drone likely was developed through Chinese cyber espionage against U.S. defense contractors.

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Judi McLeod is an award-winning journalist with 30 years’ experience in the print media. A former Toronto Sun columnist, she also worked for the Kingston Whig Standard. Her work has appeared on Rush Limbaugh, Newsmax.com, Drudge Report, Foxnews.com, and Glenn Beck.

Judi can be emailed at:judi@canadafreepress.com
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all those states that fought hard to disarm you and strip the 2nd Amendment

I would assume you are "The Prime Real-estate they are alluding too"

China has Assault Weapons with 30 round magazines

You are Prime Time Pickens ... what are you going to do... bitch and throw rocks

http://www.alipac.us/f9/communist-ch...uesday-291689/

Originally Posted by AirborneSapper7

all those states that fought hard to disarm you and strip the 2nd Amendment

I would assume you are "The Prime Real-estate they are alluding too"

China has Assault Weapons with 30 round magazines

You are Prime Time Pickens ... what are you going to do... bitch and throw rocks

http://www.alipac.us/f9/chinese-want...9/#post1383318


as I Said before; all you have to do is PAY Attention and you can see what the Crime Syndicate is trying to do....

China will finally have a bridgehead on the U.S. Mainland

http://www.alipac.us/f19/china-empow...2/#post1389645

http://www.alipac.us/f9/meet-your-ne...muniti-280286/