Federal Reserve grants first approval for China to buy a US Bank
Submitted by kbray102 on Thu, 05/10/2012 - 11:18I'm not sure, but this seems like a very bad idea.
http://www.washingtonpost.com/politics/federal-reserve-grant...
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so
does this mean that Chinese banks in USA can also practice 'fractional reserve banking' and expand the US dollar supply in the process?
therefore increasing our debt?
The slogan press on has solved and always will solve the problems of the human race. No person was ever honored for what he received. Honor has been the reward for what he gave.
- Calvin Coolidge
Putting out the gang plank
so the rats can leave the good ship USA, before they scuttle her.
Our masters carving out the NWO
.
Unless Ron Paul! -Lorax
Since we know that banks run the show
then granting Chinese power over our banks is allowing China to run our show? It would seem so!
betty
FED approves China buy US Bank - Statement from Paul please
This certainly does seem like a very bad idea. Congressman Ron Paul needs to make a statement here, issue a press release or something. Presidential candidate Ron Paul needs to add this to his speeches.
This doesn't only involve the FED, per se, but specifically China. For people concerned with human rights who forget Tienanmen Square, can they remember as far back as last week re the blind dissident? Guess the commercial with the Chinese professor will have to be revised. It takes place in "China 2030." The year is way off.
http://www.youtube.com/watch?v=OTSQozWP-rM
Giving China their "Fair
Giving China their "Fair Share" I guess
We have now sunk to a depth at which restatement of the obvious is the first duty of intelligent men.
-George Orwell
Not just one, but three Chinese banks coming to Amerika
Bernanke Approves Three Chinese Banks to Expand into America
http://www.dailypaul.com/232268/bernanke-approves-three-chin...
Alas
And so it begins.
donvino
Geithner, along with Secretary of State Hillary Clinton...
Treasury Secretary Timothy Geithner, who along with Secretary of State Hillary Clinton headed up the U.S. side for the annual discussions, said at the conclusion of the talks Friday that China had made “important steps” that would translate “into greater opportunities for U.S. workers and companies.”
LOL!...Says a mouthful, does it NOT???
When was the last time they, along with Bernanke, did anything
in anybody's interests except their own?
The UNHoly Trinity,defined.
"Beyond the blackened skyline, beyond the smoky rain, dreams never turned to ashes up until.........
...Everything CHANGED !!
If "OUR" Government didn't keep everything a secret
...from us, things like this might not happen or at least wouldn't cause us all to wonder WTF? IMHO this has huge implications. At a minimum it reeks of behind the scenes negotiations that will likely have signifigant implications on our monotary policy, our bi-laterial trade relations with China, and world financial markets. It's entirely possible that this is yet another giant leap toward a global currency and agenda 21. But, how the hell is the average American ever going to be able to figure out what's going on when we are always kept in the dark? Let me guess...we can't know the reason why now is the time put a Federal Reserve Bank in China because it would constitute a vital threat to our "national security". If/WHEN RP becomes our President...I'm going to be pretty upset if he doesn't CLEAN HOUSE (in short order) and throw ALL the crooks out!
DENY CONSENT
There are plenty of US-based
There are plenty of US-based businesses owned by entities from foreign countries. So what? Money does not respect borders, it goes where it most efficient.
www.gunowners.org
this can potentially be a wave of sophisticated attempt to
shield certain processes of financial transactions away from US law, as examples from MF Global whose major fiasco is caused by them having transfered a large chunk of money overseas before the scandal broke out, hence making their clients having to fight with foreign banks to get the money back and it can go on forever. there is nothing wrong if it's a 'free market', but this is messing with contract laws essentially and with two barriers of legal protection in the middle, it's hard to argue for there being any aspect of integrity in 'free market' in any of this, with banking industry on either side of the ocean being dominated by government ties and regulations.
Chinese control of U.S. bank
This isn't about using money. It's about who controls the money.
What?
Is Chinese money that easy to access?
donvino
Crazy times we live
.
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