NEW YORK – Could real estate on American soil owned by China be set up as “development zones” in which the communist nation could establish Chinese-owned businesses and bring in its citizens to the U.S. to work?
That’s part of an evolving proposal Beijing has been developing quietly since 2009 to convert more than $1 trillion of U.S debt it owns into equity.
Under the plan, China would own U.S. businesses, U.S. infrastructure and U.S. high-value land, all with a U.S. government guarantee against loss.
Yu Qiao, a professor of economics in the School of Public Policy and Management at Tsighua University in Beijing, proposed in 2009 a plan for the U.S. government to guarantee foreign investments in the United States.
WND has reliable information that the Bank of China, China’s central bank, has continued to advance the plan to convert China’s holdings of U.S. debt into equity owned by China in the U.S.
The Obama administration, under the plan, would grant a financial guarantee as an inducement for China to convert U.S. debt into Chinese direct equity investment. China would take ownership of successful U.S. corporations, potentially profitable infrastructure projects and high-value U.S. real estate.
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http://endoftheamericandream.com/archives/china-wants-to-construct-a-50-square-mile-self-sustaining-city-south-of-boise-idaho
China Wants To Construct A 50 Square Mile Self-Sustaining City South Of Boise, Idaho
By Michael, on June 8th, 2011
Thanks to the trillions of dollars that the Chinese have made flooding our shores with cheap products, China is now in a position of tremendous economic power. So what is China going to do with all of that money? One thing that they have decided to do is to buy up pieces of the United States and set up “special economic zones” inside our country from which they can continue to extend their economic domination. One of these “special economic zones” would be just south of Boise, Idaho and the Idaho government is eager to give it to them. China National Machinery Industry Corporation (Sinomach for short) plans to construct a “technology zone” south of Boise Airport which would ultimately be up to 50 square miles in size. The Chinese Communist Party is the majority owner of Sinomach, so the 10,000 to 30,000 acre “self-sustaining city” that is being planned would essentially belong to the Chinese government. The planned “self-sustaining city” in Idaho would include manufacturing facilities, warehouses, retail centers and large numbers of homes for Chinese workers. Basically it would be a slice of communist China dropped right into the middle of the United States.
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I’m speechless. I suspected in 2009 this would happen. But again I’m speechless. Guess I need to find mandarin on Rosetta Stone.
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NDAA will disenfranchise all of our property, especially if the mortgage is fully paid. I’m sure the evictions will happen soon. So why should we resume paying rent (taxes) to the state? When we are destitute without assets: no food, no shelter, no clothing, etc.
Those who are not ashamed of Christ, the LORD will provide us manna. It could be in the form of roasted locusts, termites, roaches, grubs, worms, meal bugs, dandelion greens, specified roots, berries, nuts, and wild honey will be on our fare. Think about it!
Albert, www
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