Defaulting banks - where will it stop?

[Keith Millea]

[quote=David Guyatt]Some years ago the Daily Bellylaugh published an article to the effect that 7,000 (some had it as 700,000) Chinese troops were massing on the US Mexican border.=[quote]

Here you go David.Please do sit down before you read this.

Sorry it came out in large text form.Probably would be easier to read the link.


http://www.whatdoesitmean.com/index1149.htm


US Homeowners Soon To Be Evicted By Chinese Police Under New Law
By: Sorcha Faal, and as reported to her Western Subscribers (Traducción al Español abajo)





Russian economists are expressing shock today over a new United States law that will allow for the first time in that nation’s history the police forces of a foreign Nation to have law enforcement powers over their citizens.
These powers are specifically being granted to China’s State Security Police who operate under the Ministry of State Security for the Peoples Republic of China by the United States as a precondition for the Chinese Governments continued purchasing of US debt as the Americans continue their desperate actions to avert their total economic collapse.
China had previously ordered its banks to halt all lending to the United States, an action that would totally cripple the American banking system, and as we can read as reported by the Reuters News Service:
“Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday.
The Hong Kong newspaper cited unidentified industry sources as saying the instruction from the China Banking Regulatory Commission (CBRC) applied to interbank lending of all currencies to U.S. banks but not to banks from other countries.
"The decree appears to be Beijing's first attempt to erect defences against the deepening U.S. financial meltdown after the mainland's major lenders reported billions of U.S. dollars in exposure to the credit crisis," the SCMP said.”
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.
Even worse for these people is that the plan instituted and carried out over these past 40 years to erase their true history leaves virtually none of them today with the full, and monstrous, century old plan to destroy their Nation, and which began with almost the exact same economic crisis they are experiencing today, and was called the Panic of 1907, and of which we can read:
“The Panic of 1907, also known as the 1907 Bankers' Panic, was a financial crisis which occurred in the United States when the stock market fell close to 50% from its peak in the previous year. At the time the economy was in recession and there were numerous runs on banks and trust companies. The panic's primary cause was a retraction of loans by a number of banks in New York City, and the sentiment quickly spread across the nation leading to the closures of both state and local banks and businesses.”
So shocked were the American people by the Panic of 1907 that they allowed for the first time since their Nations founding, their lawmakers to begin the process of establishing a Central Banking System, and of which one of their founding fathers, and writer of the Declaration of Independence, Thomas Jefferson, warned all future generations of Americans:
“The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.”
Today, and sadly, the World is now witnessing these prophetic words of Thomas Jefferson coming true.
Even worse, these American people, whose ancestors laid the foundation for what was once the greatest and freest Nation on Earth, have now been reduced to what is now commonly referred to as “sheeple”, “a term of disparagement, a portmanteau created by combining the words "sheep" and "people." It is often used to denote persons who acquiesce to authority, and thus undermine their own human individuality. The implication of sheeple is that as a collective, people believe whatever they are told, especially if told so by authority figures, without processing it to be sure that it is an accurate representation of the real world around them.”
It goes without saying, of course, that these Americans do not see themselves in this most truest of lights as they continue living their lives in near total ignorance of the greater catastrophes soon to befall them, all of which they have been, and are continued to be, warned about. But, they continue to laugh off, and spurn, these warnings as they continue to believe the lies being fed them by their propaganda media organs they never seem to realize are nothing but the mouthpieces for the fascist corporate forces delivering them to the slaughterhouses they will come to know all too soon.