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Russian economists are expressing shock today over a new United States law that will allow for the first time in that nations history the police forces of a foreign Nation to have law enforcement powers over their citizens.
These powers are specifically being granted to Chinas 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 Chinas 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,
www.whatdoesitmean.com/index1147.htm
China to bail out USA
China to bail out bankrupt Pakistan
Asian markets going down
BlessedONE333 posted the list of banks to go under back in July 2008
US MARKET CRASH HAS BEGUN
THE AMERO IS THE NEXT CURRENCY
END THE FED
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