I just finished reading an article from WorldTruth.TV today about a potential buyout, by the Nation of China, of land and assets to pay off the debit that the United States owes China for the buying and holding of its own indebtedness, and I was fascinated by its read, and the plans that one Chinese Nationalist purposes.
Meet Yu Qiao, a professor of economics in the School of Public Policy and Management at Tsighua University in Beijing, who presented a plan in 2009 for the buying of land, and assets in order to off set indebtedness. Such is not beyond the realm of possibility because when you consider what the Obama Administration is purposing through the Trans-Pacific Partnership of all things nothing should be left to chance.
Yu Qiao’s plan included four components:
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China would negotiate with the U.S. government to create a “crisis relief facility,” or CRF. The CRF “would be used alongside U.S. federal efforts to stabilize the banking system and to invest in capital-intensive infrastructure projects such as high-speed railroad from Boston to Washington, D.C.
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China would pool a portion of its holdings of Treasury bonds under the CFR umbrella to convert sovereign debt into equity. Any CFR funds that were designated for investment in U.S. corporations would still be owned and managed by U.S. equity holders, with the Asians holding minority equity shares “that would, like preferred stock, be convertible.”
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The U.S. government would act as a guarantor, “providing a sovereign guarantee scheme to assure the investment principal of the CRF against possible default of targeted companies or projects”.
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The Federal Reserve would set up a special account to supply the liquidity the CRF would require to swap sovereign debt into industrial investment in the United States.
Because the Government of China wants its money, even though it was intimated through the WorldTruth.TV article, “But Asians do not want to bear the risk of this investment because of market turbulence and a lack of knowledge of cultural, legal and regulatory issues in U.S. businesses. However if a guarantee scheme were created, Asian savers could be willing to invest directly in capital-hungry U.S. industries.” As Professor Yu Qiao stated. This is anything, but true, because the People of China could care less, it’s the Chinese Government that cares more. Especially about U.S. indebtedness.
But lets say that Professor Yu Qiao is right. Why then haven’t the People of China marched on the Parliament in Beijing and demanded repayment?
I mean they did it during the Tiananmen Square, right?
So why not now? Or does the Red Chinese Government not appreciate decent? Am I missing something? Anyone? Anyone?
“I pledge Allegiance to the flag of the United States of China, and to its Republic for which it stands, one Nation under Chairman Mao indivisible with No Liberty, and No Justice from now on…”
— Rhett.
Say What News?! 