China's Red Government's New Powers: 1) allowing Chinese peasants to sell their land to big land corporations 2) right to evict Americans from US homes where China owns the mortgage
In rapid response to China’s demands that they be granted immediate access to their American properties to protect their ‘investments’, the United States is enacting a new law titled the Emergency Economic Stabilization Act of 2008, and which in Section 101, Paragraph 7:3 chillingly states:
“Designating financial institutions as financial agents of the Federal Government, and such institutions shall perform all such reasonable duties related to this Act as financial agents of the Federal Government as may be required.”
The United States Federal Reserve has further notified the China Development Bank, the second largest bank in Asia and the main holder of US mortgage debt instruments, that they will be designated by the US Secretary of the Treasury as one of the financial institutions protected by this extraordinary new law, and which, according to these reports, will empower Chinese policing authorities the right to act as law enforcement officers in the United States including granting them the right to evict American citizens from homes whose mortgage debt is held by China…”
“…Not being understood by the American people is that China is the holder of over $1.4 Trillion of US debt backed by the mortgages on the homes and property of tens of millions these people which, in essence, makes the Chinese one of the largest holders of land in the United States, and which the Chinese government has stated they will protect ‘at all costs’.
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“…If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.” -- Thomas Jefferson
From: oldickeastman@q.com