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Eminent Domain As Collateral To China

Is this why State Sovereignty had become an issue? Sorry if this has been posted - I just can't believe what I am reading.

FEDS GRANT EMINENT DOMAIN AS COLLATERAL TO CHINA FOR U.S. DEBTS !!!!

HAL TURNER

February 26, 2009
Beijing, China -- Sources at the United States Embassy in Beijing China have just CONFIRMED to me that 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!

The written agreement was brought to Beijing by Secretary of State Hillary Clinton and was formalized and agreed-to 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 now 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.

This is an unimaginable betrayal of every man, woman and child in the USA. An outrage worthy of violent overthrow.

I am endeavoring to obtain images or copies of the actual document but in the interim, several different sources both in the US and in China have CONFIRMED this to me.

More details as they become available. . . . . spread the word ASAP.

-------------- UPDATE 1:40 pm EST

Eminent Domain is the power of government to TAKE private property for public use without the consent of the property owner. Under our Constitution, the government can only "take" when providing "just compensation" for what they've taken.

Who decides what constitutes "just compensation?" The government!

Homeowners who felt the government was not paying them enough for property in past "takings" have filed lawsuits. In absolutely every such case, the value placed upon the property by the government was upheld by the courts.

Our federal government has now granted to China, this power to "take"our homes and businesses in the event the US Gov't defaults on its debts. Let's play this out as a worst case scenario. . . . . .

The US Gov't goes belly-up and China comes in and says, "they owed us $2 Trillion in Treasury Notes and another $2 Trillion in actual cash money which is now worthless. We are taking the entire state of Hawaii and the entire state of California in lieu of this bad debt. "

With the stroke of a Chinese chop stick, Hawaii and California -- all the land and buildings in those states -- are now owned by China.

The "taking" would be a "valid public use" because it was "taken" in payment of the public debt!!!!

China could then turn around and declare the value of all that land to be worth. . . . . I dunno, ten cents on a dollar?

For your $200,000 house, you get a Chinese check for $20,000.

Needless to say, the property owners would go ballistic and demand "just compensation" for what was taken. Who gets to decide what is "just?" China! Don't think you got a fair price for what they took? No problem, sue China.

You'll lose.

People who live in those states and own their land outright, might be able to negotiate with China to "rent" back their own property, as long as the property owner continued to pay all his taxes; but the land and buildings would belong to China!

This is what our own Government has just done to us and it is the single most vile act of betrayal in the history of human existence.

------------- SECOND UPDATE 3:48 PM

In early February nine U.S. States began the process of re-asserting their Sovereignty pursuant to the Ninth and Tenth Amendments to the US Constitution; declaring null and void any actions by Congress that violated the Constitution.

At the time, I wrote about those state efforts (Here) and wondered why so many states were taking-up such an arcane issue in such a seemingly urgent fashion. I guess now, we know why.

The states were obviously privy to what the feds were planning to do with granting Eminent Domain to China. The states took action to make certain the feds couldn't give away cities or the states themselves!

This situation is going to get VERY ugly, VERY fast as one sovereign power (the feds) try to literally give away the land of other sovereign powers, (the states). This is the type of thing that starts Civil War.

Our present federal government makes the treachery and betrayal of Benedict Arnold look like child's play.

Posted by HalTurnerShow.com at 2/26/2009 12:54:00 PM

halturnershow.blogspot.com/2009/02/feds-grant-eminent-domain-as-collateral.html



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I am no Hal Turner fan,

but this story is true. I remember reading in the 1st big bailout that foreign banks could be designated as "Agents of the Federal Government" by the Seretary of Treasury. Some Chinese banks have already been given this designation.

More proof crisis was 'created'

By Judge Andrew Napolitano

The Federal government committed extortion and they're not being held accountable. What's next? Listen to this: I recently met with the Chair and CEO of one of the country's top 10 bank holding companies. His bank is worth in excess of $250 billion, has no bad debt, no credit default swaps, no liquidity problems, and no subprime loans. He told me that he and others were forced by Treasury and FDIC threats to take TARP funds, even though he did not want or need them.

There is simply no authority in the U.S. Constitution for Congress to exercise the level of control it now seeks over private industry.

The FDIC - with Treasury backing - threatened to conduct public audits of his bank unless his board created and issued a class of stock for the Feds to buy. The audit, which he is confident his bank would survive, would cost it millions in employee time, bad press, and consequent lost business.

He pleaded with the Feds to leave his successful bank alone. He begged his board to let him tell the Feds to take a hike. But they gave in. The Feds are now just a tiny shareholder, but want to begin asserting more and more control. This is a classic extortion: Controlling someone's free will by threatening to perform a lawful act. (Blackmail is the threat is to perform an unlawful act in order to control someone else's free will.) There are no exceptions in the statutes prohibiting extortion for government persons

This happened in September 2008, but the demands for more control are more recent. It sounds to me like Paulson, Geithner, Bernanke, and Sheila Blair have all read a biography of Benito Mussolini. I guess they skipped the last chapter.

There is simply no authority in the U.S. Constitution for Congress to exercise the level of control it now seeks over private industry. In fact, this level of control will wind up costing the businesses that took TARP (voluntarily or involuntarily) money since they will lose key employees who will go to work elsewhere and because the reporting requirements will take time and time is money. The Constitution basically says that if the government wants to take time or freedom or money from someone or something, it must sue for it. It cannot just give itself the authority to do so via legislation.

Jane Aitken, 35-Year Veteran Teacher
Ron Paul 2008 Consultant
GOP Woman of the Year 2009
Founder NH Tea Party Coalition (NOT AFFILIATED WITH ANY FAKE 2009 GROUP)
Founder USPEINetwork @ Yahoo (Nat'l Edu Activism Group)
Board Coalition of NH Taxpayers

You shouldn't believe it because

Hal Turner said it. The man has zero credibility. I would need MANY corroborating stories that were all spot on for me to agree that Turner posted anything of any truth.

This story is a hoax

It was determined weeks ago.

Ya, cause Hal Turner was

Ya, cause Hal Turner was right about the Amero too.

LMAO

9/11 was BLOWBACK, not an inside job.
"We were really brought down, and chaos was caused, by 19 individuals with box blades..We have to realize that our foreign policy has blowback to it." - Ron Paul

It's true..BELIEVE IT

Hillary Clinton just gave China (who owns billions of our debt) the power of 'eminent domain' which means they can call in the debt any time they want, and would have the authority to take away property from citizens of the USA.

Yes that means YOUR PROPERTY.

Didn't you read that Obama just handed our economic sovereignty over to the IMF? The eurotrash elite bankers now own us.

Jane Aitken, 35-Year Veteran Teacher
Ron Paul 2008 Consultant
GOP Woman of the Year 2009
Founder NH Tea Party Coalition (NOT AFFILIATED WITH ANY FAKE 2009 GROUP)
Founder USPEINetwork @ Yahoo (Nat'l Edu Activism Group)
Board Coalition of NH Taxpayers

Even if it is true, we will

Even if it is true, we will never default and the chinese know this. We have a thing called a printing press and can make all the new money we want.

The chinese are not worried about us defaulting, they are worried about our dollars being worthless when we pay them back.

fireant's picture

Consider the source

Hal Turner is not a reliable source.
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“It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds”
-Sam Adams

Undo what Wilson did