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Originally posted by DrZERO
This rumor was floating around a couple of years ago and was attributed to Hal Turner, who many here did not give too much credibility to. There was a thread started on the subject and the rumor, which was taken from Hal Turner's blog, was an embellishment of a Bloomberg article at the time that mentioned China's concerns over their U.S. debt holdings, but that did not mention eminent domain.
Now this idea has reared it's ugly head once again, but this time it has been confirmed by Bob Chapman. Although I am not familiar with Hal Turner, I am familiar with Bob Chapman. I have been listening to Chapman for about three years now and to me he seems like the real deal.
Here are the comments from Bob Chapman's, "the International Forecaster," dated February 23, 2011. This was posted on Republic Broadcasting's website, and Bob Chapman is a regular guest on many of their shows, so I would imagine the posting is accurate and had Chapman's approval.
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.
One thing that raises a red flag in my mind is that the release from Chapman is eerily similar to the one from Hal Turner, but I can't figure out if that gives more clout to the 2009 release, or detracts credibility from this new release. I wonder if this was in fact true in 2009, but nothing as yet has come of it because China was waiting to see how the "stimulus" would work out and what effect it would have on their dollar holdings.
What I would like to know is:
(1) Do you hold any credence whatsoever to the Eminent Domain rumor?
(2) Is Bob Chapman a credible and/or reliable source?
(3) Does Bob Chapman's release of this information give any creditability to the original release in 2009.
edit on 27-2-2011 by DrZERO because: grammer