This just in from the desk of world famous economist Bob Chapman:
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.
End Bob Chapman
Debt is NOT okay.
Ben Bernanke and his Federal Reserve needs to be disbanded and sent to China as collateral for their debt. We the people said long ago that we did not want TARP and the rest of it. They did it anyway. Had they not 'spread the wealth around,' the depression would be nearing an end and US assets would remain intact.
I cannot even imagine how deals like this can be made without the authorization of the citizens to whom US property belongs.
I'm certain that we will never be told what assets were pledged.
But I'm not certain that the US won't default on the debt.
We continue to be betrayed.
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