U.S. HOMEOWNERS SOON TO BE EVICTED BY CHINESE

An interesting article I found at What Does It Mean:

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’.

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.

Unfortunately for these American people, their own public officials have totally abandoned them as the American Center for Responsive Politics has reported that the staggering amount of $2 Billion has been paid by the perpetrators of this Global financial crisis to US Lawmakers, of both political parties, to sell out their fellow countrymen as virtual economic slaves to the all powerful International corporate cartels who now rule over them.