Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last Hour:
Last 24 Hours:
Total:

China to Purchase the Federal Reserve

% of readers think this story is Fact. Add your two cents.


Subject: China to Purchase the Federal Reserve/Is the International Monetary Fund Hinting About An Economic Reset?

China to Purchase the Federal Reserve

The U.S. Government Defaulted in October, 2013.

In essence, China has been slowly buying up the Federal Reserve for some time now.  If you can call it a purchase.  Its more of a negotiation over assuming the liabilities of both the Federal Reserve and the U.S. Treasury.


The Federal Reserve is the largest holder of U.S. debt at $2.1 trillion.  China is second at $1.3 trillion.  Think of it as the United States government doing a debt consolidation of all its treasury bonds because it can no longer pay or service the debt.


China, or the BRICS countries, and/or a consortium of international interests, most likely organized through the I.M.F., will manage the U.S. debt through exchange rate increases and trade tariffs.

The reality for Americans for the next decade or more will be price increases/inflation of 30% to 50%, segmented by industry and region, until such a time that its debt, or a negotiated margin of their debt, is cleared from the books.

The post WW2 boom in the United States was funded by the exportation of the dollars inflation to what is now the emerging markets.  Americans lived on the backs of other countries.  Now the tables have turned.  Or have been turning for many years already.  This would explain outsourcing, trade agreements, immigration, favorite nation status, etc..

Why would China and other countries take on the risk of this debt?  Simple, it’s economic reset or economic collapse.  It’s in the worlds interest to re-structure the U.S. debt to save the whole whale from beaching itself.

Rumors are circulating that the U.S. dollar will have a rate for in country use, and a separate international rate.  That is because the U.S. treasury and the Federal Reserve are about to be severed from each other.  The Treasury will control the in country dollar, and the international reserve dollar will be controlled by China and or the I.M.F. consortium of debt holders.

The U.S. in fact defaulted back in October of 2013.  This has not been told to the public at large.  Why would the congress insinuate that the debt ceiling is now irrelevant?  The only way the debt ceiling, or debt limit,(eg. the amount the government can borrow) can become irrelevant is if the U.S. has in fact defaulted and the process of default negotiations are taking place.  Think of it as the rest of the world cutting up the credit cards belonging to the United States government.

China has recently purchased the JP Morgan building in Manhattan for $750 billion.  One could reason that they have in fact purchased all of JP Morgan.  And I’m sure it will soon be announced that China has or is in the process of purchasing other Western banks and physical assets. These banks make up the majority owners of the Federal Reserve.


The gold reserves of the west have been depleted by China.  Some say there is no gold left.  This is more physical assets gone from the legers of the Western banks.  The system of debt based money creation of the Western world is dead.  It’s over.  The shift East is in the final stages of completion.

Obama’s so called “Pivot East is less about positioning assets to counter the stirring of the eastern dragon,and more to do with making those military assets easy to confiscate when the terminal day arrives.


It will happen over a weekend, as many have already predicted.  The televisions will announce the largest deal in financial history between the Federal Reserve and China.  They will discuss how all the worlds currencies have been revalued to reflect true production ratios and physical assets.  Accounts will be balanced.  War criminals will be prosecuted.

This is only a summary post to capture the broad strokes.  Keep checking back as I will post a more detailed metric oriented essay on the thesis presented here.  

Is the International Monetary Fund Hinting About An Economic Reset?

It has been rumored for quite some time that the economic powers in the world, namely the Bank for International Settlements, The International Monetary Fund, and the World Bank have been working closely with most of the worlds countries on an economic reset.


The idea behind the reset is to prevent a complete collapse of the banking industry worldwide.  When one calculates the amount of debt in the world today, the instability of the whole system is obvious.

So the main components of a reset will consist of a global currency revaluation, a new gold trade settlement system, and improved banking regulations to increase a banks assets and decrease their liabilities.  The Bank for International Settlements has been slowly and quietly implementing these new regulations, Basel 1, Basel 2, and Basel 3.   So banks decreasing their liabilities (less leveraging) means a contraction or reduction in the credit supply.

Since credit is another way of saying debt, we can reason that the plan is to have less debt in the world economy.  So what happens when every dollar in circulation is a debt dollar? (it already is)  How do you reduce debt without decreasing economic growth? 


Christine Lagarde, Managing Director of The International Monetary Fund, speaking from Nairobi today, said that they will be revising upward their forecast on global growth.  This new forecast will be made public in 3 weeks.  She stated that it was premature to say anything more.


It was only this past October that the I.M.F. issued their last global growth forecast and it was downward for 2014.  So what has changed in the last 3 months for the I.M.F. to revise the forecast upward?
If the plan is less leverage, how can we expect growth when the system of money creation is a debt based system?  We can micro analyse endless charts and money velocity forever.  The fact is our money creation method is debt based and debt is increasing at alarming rates.  So what gives?


A global currency revaluation is one of the main components of an overall macro economic reset.  The consensus is that the worlds currencies will become partially asset backed and will be revalued to reflect each countries capacity to produce and bring those assets to market.  In essence, it will be a bastardized version of fiat currencies and commodity currencies. It will be a Frankenstein monstrosity which will lumber around the country side dreaming of becoming real money, like gold or silver.  And like the sad and ill-fated beast, it will eventually die the tortured death of things that wanted to be but never could.
That death will most likely occur 10 to 15 years after the currency revaluation, so we need not worry too much about it right now.


A currency revaluation will also mean a downward revalue of the U.S. dollar, which has been the worlds primary reserve currency since 1944.  This will leave a geo-political and military hole in the world.  In fact, we are already seeing this vacuum being filled in by Russia, China, and the rest of the emerging economies.  Remember how suddenly the U.S. backed down on their Syria threats, and started making peace with Iran shortly after.  And there are rumors of secret negotiations with Cuba, Hezbollah, and even North Korea.


This rumored reset would have to be one of the most complicated and intricate systems ever attempted.  In fact, if one knows where to look, you can see this new system being created just underneath the surface of the old.  And like new flesh crawling upwards to cover the bones of the old, the economic reset will happen.  The monster will be given a new body and new life, if only temporarily.
Perhaps the I.M.F. just gave us a hint of what is too come.  Commodities may be a great place to transfer some wealth.  Especially into the very affordable Silver.       - JC

Link to the Economic Times of India article on todays announcement:



Source: http://nesaranews.blogspot.com/2014/01/china-to-purchase-federal-reserve.html

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Join our affiliate program and earn extra money by sharing with friends and family or by posting on your social media.


Order by Phone at 888-809-8385 or online at www.mitocopper.com


Get our Free Ebook, "Suppressed Health Secrets"  with  Natural Cures THEY don't want you to know!

Supreme Fulvic - Nature's most important supplement! Vivid Dreams again!

Ultimate Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Organic Hemp Extract (CBD) - Full Spectrum high CBD (3300mg) hemp extract eases stiff joints, relieves stress and more!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

APeX - Far Superior to Colloidal Silver! Protect Your Family!


Report abuse
Loading...
    Loading...

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 60 comments
    • DOOMSDAY!

      Indeed interesting but this is just ANOTHER China into power acquisition.

      SOON more will follow for China to take over the USA.

      • Anonymous

        again- stop obsessing on the ventriloquist dummy and see who pulls the strings. Never been a Chinese head of BIS, IMF or WorldBank. names like Zoellick, Kahn, Greenspan etc head the TOP jobs. Stanley Fisher from B of Israel just got here to help another zion khazar Yellen, take over the Marx Central Bank, USA branch. Less than 50 yrs ago, China was a rice paddy economy with rural peasants. Who gave them their tech? Harriman, Koch Bros, etc.
        the Chinese are just the latest Zio=frontmen. Zio JewWorld Order has finished wiping USA clean and are onto their next host (which they built into a powerhouse by sending jobs, money, tech for DECADES). Its all in the design my friends- nothing left to chance.
        So before you scream: “Fed lost control to China…” etc Rest assured it was all planned to play out this way. Same controllers, new [Asian] packaging. The rest is just circus for the proles.

        • DOOMSDAY!

          YOU FORGET THE ART OF BACKSTABBING!

          CHINA HAS A ALIEN RACE ALLIANCE!

          THEY CAN BACK-STAB ANYTIME THE USA AND THEIR FOUL ALLIANCES ALONG WITH THE ZIONIST WHOM ALSO HAVE A ALIEN ALLIANCE THAT IS REJECTED FOR THE MOST WITH THE OTHER RACES CAUSE OF THEIR VIOLENT NATURE!

    • Fisherman

      China does not need to purchase the Fed. In a few more months they can walk in and take it over.
      NWO hint. But gold. As much as you can while you can at a low price!

      • Bronson

        Gold and Silver will not do you any good……you cannot eat it.. You would not even be able to carry enough gold to purchase some flour&corn meal when SHTF.

        I would prob trade you some seeds for 1/2 ton of gold…..I could always use gold&silver when doing forging/blacksmith work…..although gold/silver is of no real value…..could cast forge some bowls plates containers something useful

        So if you can tote 1/2 ton of gold/silver I will trade you a handful of seeds…otherwise try to eat it…
        No one in their right mind is going to give up food for gold/silver when shtf

        • Scotster

          Id say your right in a complete shtf situation. A partial shtf situation would be different. Also, depends on your location and who is in charge of the area and what their “management” style is. :lol:

        • Intelharvest

          “Gold and Silver will not do you any good……you cannot eat it.. You would not even be able to carry enough gold to purchase some flour&corn meal when SHTF.”

          I agree and I disagree. I’ve long said that I can’t pour silver bars in a bowl, add milk, and serve it to my kids as breakfast. At the same time I can’t pay my rent with food and water when the land lord only takes cash or silver. I think there’s a balance that’s required. Initially I see silver as beneficial to pay bills during a hyperinflation scenario, and this would most likely be in the short term. Once that has run its course, commodities are the order of the day. Food, water, fuel, med supplies, ammo, batteries, etc. become the new currency. As with all portfolios, diversify. :D

      • Gojiroiscoming

        If youve been buying gold youve been bleeding losses like a hemophiliac. Its terrible investment advice at the moment.

        Set your stops and hedge yourself in other ways. Buy gold just before the bombs start dropping. Buying now will just lead to losses as long as the market keeps getting juiced with low interest cash.

        • Anonymous

          you checked? there is no gold to be bought, all gone.

        • hangman

          to Anonymous Pleanty of gold around. Go by the ghetto and look at the hood boy’z mouths.
          Also, look at any illegal alien and they have a mouthful of gold. (No got money, just yap full of gold.)

    • Saber

      1.3 Trillion, basically in debt markers. Lets give them Facebook, Google, Twitter, and all other worthless social media networks. That will wipe the Debt clean, with a surplus.

      • Whiskey Zero

        Tell ya what, we’ll throw in the Federal Reserve for free…then declare a debt jubilee. Double-cross completed. May start a war, but hey, you got to do your own due diligence China, I mean really, plus we’ve coordinated with you to suppress precious metals prices all these years so you can load up, sent all the gold East, I’d say we’re even now and it’s time to pull the plug. Just give us enough heads up when you revalue so we can bug out…

    • 7up

      Should I start learning to speak Chinese now?

      • Fillipper

        shì de

      • Neanderthal

        it is the most spoken language in the world you know so that what you suggest might not be a bad idea anyway.

      • LaurentTaipei

        I do encourage people there in US to learn Chinese (at least some basic phrases, characters or cultural features and the like).

        • Cleareyes

          It would probably be wise to learn Chineese, so when you become thier slaves, it might be best to be able to know when you are allowed to take a leak, and if untimely off with you head! Espanol next since they will be most favorable slave, they are proven to be the best at that, and love the prestidge, and how it sounds. I guess, for some others this will make jealous, but they had thier chance already, and for others you will be mostly worthless, and made into dogfood or a nice gourmet egg loll.Chow for now!!

    • Ideas Time

      Here is where it will get really fun. China buys the FED and the people put an end to central banking and money creation out of thin air based on borrowing money into existence. If we return to the Constitution they will just be holding another defunct private corp. I guess that’s what happens sometimes when you make an investment in criminal enterprises.

    • Chartricia

      The same bankers own all of the world’s money as they have since Waterloo. The countries are just chess pieces. The masters are setting up their pieces for another round of war. Like they have done, well, since Waterloo.

      • Neanderthal

        Oh you mean like the game of risk, very good. :)

    • DocNo

      First of all, the Federal Reserve System is not for US to give or sell. They belong to BIS and BIS belongs to the Rothschild. Federal Reserve System is irreverent to China and it is nothing but a shell company illegally signed into US law by treasonous congressmen in 1913 led by senator Nelson Aldrich, A. Piatt Andrew, assistant secretary of the treasury. They Federal Reserve was structured by Paul M. Warburg, Rothschild’s agent.

    • Don't be hating!

      Fake money. None of us will be around when poop hit the fan anyway.

      • DOOMSDAY!

        With radiation going on, I fear not!

      • Neanderthal

        If china buys the federal reserve, the Rothschild, the queen, the vatican and DC would have a heart attack and we all could live in peace.

        You can call it foreclosure on the country, What can I say. Not only that many people would have to go back to the closets.

      • Neanderthal

        You should call it paper, not money, money has value which this paper does not. You can get a tree anywhere. Paper has value for a$$ wipes. Oh and you can write on it, for example a 1, 5, 10, 20, 50, 100, but it is still the same piece of paper as per its weight.

        Can a 3d printer produce a 100 dollar bill then I want one. :)

        • Neanderthal

          Better hundreds then 1′s because I like to save a tree or two.

    • WestVirginaMan

      as long as the Zionists lose control that’s all that matters for now.

      • DOOMSDAY!

        DON’T FORGET THEIR DEMON FRIENDS AND ANCIENT ONES! :smile:

        AFTER THEY ARE RESPONSIBLE FOR CONTROLLING THEIR ACTIONS!

      • tsimitpo

        Do you mean the real Zionists? Or just the ZINO’s?

      • Anonymous

        How does it solve anything to change from one organize crime family controlling the money supply to another organize crime family that speaks Chinese controlling the money supply?

        Is like the people that recommend Bitcoin. Change one fiat currency backed up by nothing but the military industry complex for a Ponzi scheme backed up by nothing and relying a 100% on the internet. Not wise.

    • Dustdevil

      This whole debt thing is a total joke, and with a strong AMERICAN President, could be properly fixed in a weekend. Make international banking on American Soil a crime, disolve the Fed, return money printing to the U.S. Treasury, buy back all legitimate debt into the new ‘American Eagle’ (or whatever you want to call the new currency) and FORGET TRADING IN GOLD. Andrew Jackson was the last President to FIX OUR MONEY, and this is the path he took. After he left office, it only took a decade for international bankers to drag us back into their debt prison called ‘international currency’.

      If you want us preserved, this is the ONLY path to it – and make no mistake, it will take very ounce of military force we can show, to make this work. There would be public executions of bankers and lawyers merely to show WE MEAN BUSINESS. In the end, this path would fix it. The question is – how do you get so many betrayers in the North and urban mega-cities to support an actual AMERICAN President to make this happen? The answer is: NOT GOING TO HAPPEN.

    • Room With a View

      Buy bullion before it is too late. If it is good enough for china, india, africa, europe to be acquiring all the gold they can get their hands on at the moment, then you should take notice. All the countries are demanding their gold back from safe keeping in Fort Knox, (which has no gold) so if there is a reset and the American dollar collapses, they will bring in a gold backed currency. No you cannot eat it, but it can be used as leverage, will increase in value, and worth far more than sterile genetically modified seeds which do not reproduce. Or maybe you can use the gold to buy the seeds when they open the vault in Norway after everything else has been destroyed, seeds that have not been tampered with. But really, I think that most of you will not be around to worry about it, lay up for yourself treasure in heaven where moth does not destroy or rust corrupt. Where your treasure is, there will you find your heart. Only Jesus Saves, Prayer changes things.

      • Anonymous

        Instead of investing in gold

        Invest in owning the land you live in.
        Invest in being self sufficient.

        After that, invest in lead and copper.

        • larry

          You don’t own your land, the Government does. You don’t own your house, the Government does. You can buy it improve it, sell it and keep the money but it all belongs to the Government and has for years. Don’t believe me? Call your local tax assassesor and ask them, (not the nit wits in the office) the assassesor.

          You only think you own it…..

        • dj

          Ever heard of an “alloidal” title? Didn’t think so. When you’re ignorant it’s best to keep to yourself.

        • Intelharvest

          the only problem with land is that it gets taxed. You’ll want plenty of cash, silver, or other currency medium that the tax department will accept as payment, otherwise, I hope you have fortified defensive positions with interlocking sectors of fire and men to occupy those spots while the jack booted thugs come to “repossess”.

    • Kent

      According to Vyatcheslav Krasheninnikov, America will be last country to switch to Euro (aka Antichrist’s currency). Next target of Sionists is the Statue of Liberty.

    • Freeamerican

      Obviously this nesara is a psy ops and most of the comments are government or jew trolls to go along. Americans pay the tab for propaganda trolls. The russia china psy ops are stupid, Russia was taken over by the jews during their genocide of tens of millions of whites in the Holmodor, China’s Mao followed the jew communist scheme, and America is run also by the jew tribe. Not enough people know, so whatever they pull too many dopes will swallow the ‘china/russia’ crap, rather than know it’s the jews and their scums in government. The jew / mason global companies shipped the jobs to china, china is only owed about a trillion, nothing next to debt on Americans overall which dumb American let republicans keep raising for their fake wars and soon their health bill scheme, which they could vote to de-fund right now, but refuse, so they can give the forty million illegals ‘free care’ and finally break down white America. So obviously the problem is not ‘china’. jew communism, jew world order. JWO. Become educated on actual jew history, the holohoax, and educate other people. Search holocaust hoax and patton truth on subvertednation.net or see lists at thezog.wordpress.com. Protest immigration and quit voting. Otherwise don’t complain.
      The trolls will probably post more distraction crap under my comment. Too many government and jew trolls. Go out and do your share.

    • SGde3a

      “Accounts will be balanced. War criminals will be prosecuted.” And Chinese becomes the language of business rather than English.

      • Intelharvest

        Anyway I can download Google Translate for offline use?

    • Ace

      …….and the USA still gives away its wealth to nations determined to destroy it. This set up began long ago. I knew the USA was doomed when it entered Afghanistan like the Russians did. Just trace the monies and it’s easy to understand. :lol:

    • AndreyE

      LOL!
      You can’t buy FedReserve just because they keep printing! In order to buy it you will have to sell the whole china to USA, can’t you see that? That’s ridicolous.

      For your knowledge, let me explain what it truly is. It’s a bribe-off to the most powerful nation that everyone who doesn’t want to get killed gives. Russia, China etc – all pay a LOT. So all those talks about USA power to decline are nonsense, because when you don’t pay what you get is a missile strike. The ultra-big US army can’t possibly be not fighting – it’s more profitable to fight.
      But who do I talk to? Watch for so-called chem-trails that’s the biggest problem in psycho-ward #6.

    • Anonymous

      you mean the Zionists are going to buy back their Fed, like Building 7 on 911 after they’ve demolished it? This time using a new proxy- the China enemy instead of the Muslims.
      lolol what a effing joke. and most will believe it, like the trained zombies they are. more feces

    • marlio

      well, they wont have but a few years to spend their money wherever they live and china will NEVER really be a superpower.

    • GK

      Okay, now you’re just being stupid for the sake of being stupid.

      Q: Who are the holders of U.S. debt?
      A: The biggest are the Social Security trust funds (16 percent), the Federal Reserve banks (12 percent), China (8 percent), Japan (7 percent) and mutual funds including money-market funds (6 percent).

      Now STFD and STFU.

    • Tonto

      It might be an improvement. Lord knows the democraps could mess up a wet dream…and undoubtedly have. Maybe some people with some sense controlling the federal reserve will be able to keep the dems hands out of the till as they are constantly doing. At least the Chinese have a vested interest in the success of the USA….the politicians, dems, socialists and GOP haven’t shown a sincere single instance of controlling spending or a frugal outlook. Maybe the Chinese will rescue us from the political stupidity we seem to be infested with.

    • NoMoreMarxistsInDC

      The Federal Reserve is a private bank. So what if China buys it. They’re buying a private criminal enterprise. The laugh will be on them.

    • janetspillows

      We all know who to thank for this. Obama the Devil. We might as well call ourselves China since they own us. How humiliating.

    • joeyharp

      This is a funny article. What is not funny is you… Where you came up with this shows a highly creative and imaginative mind! Not happening, isn’t going to happen. The world, not just America is swimming in debt. China’s growth in heading lower & lower. They too have great debt. NO, they are not buying the Fed and it is NOT being reset. I challenge you to specifics of your research. I want you to stop the fluff and redo this article and put in some hard facts…

      We are not out of gold. Crap, it could be turnips but it was the gold that was used back in the day. China will go on the Reserve System, which in reality you know is true! Probably all Plutocrats know it to be true also. And, what, maybe 5 or 6 nations are committed to going to the Yuan as a 2nd Reserve Currency. I believe India is one (correct me if I’m wrong about India). But, you shouldn’t be doing this irresponsible writing to ultimtimately push a political point of view.

      What’s next? Going to tell me the Republican Party stands for something and the extremist on the right aren’t an arm of the approximately 22 cabal memebers of the Plutocrats?

      Hey, if that is how you roll, if this article is any indication, I have a Bridge I’d Like To Sell You..

      Get Real…

    • joeyharp

      I couldn’t hold back.. I need to do an additional comment. When China comes on the Reserve Currency, they will also be selling off Gold. Russia will probably do the same for cash. The result is that all the metals will take a dump, and more then just a simple correction. They won’t be coming back to current levels anytime soon thereafter. So I wouldn’t be irresponsibly saying to your potential clients, as you have, that Silver is affordable. I’d be reducing the holdings of metal contracts.

      I guess you weren’t one of the macro economists back in 1990 that predicted the market crash 6-8 years after deregulation, which was figured to eventually take place when it did… What they missed was that nobody predicted that Europe/the EU would follow two years later. So, what would have become an American problem because a worldwide problem and an almost collaspe of the world economic banking system.

      You do know that even Putin, being the richist man in Russia, is heavy in Eu Real Estate and also A.I.G…. Right? Do you have a conspiracy theory for Russia too? Would love to hear it! Wonder if it’s something that we who are Paying Attention hasn’t heard already? Yes, he does look backward at times. Still, he’s not doing bacd and wrestling more and ore Russian Mob control out of their Industry… And they haven’t shot him yet! Amazing! I hope he’s successful. I trust Plutocrats more then I do the Mob in any country, any day of the week. Now I’m sure you have informed your readers of this… correct? That you are being straight with them, right???? Who are you and where did you come from?

    • YellowRoseTx51

      This is for ‘appearances’ only. The fact is that Rockefeller and Rothschild moved to China few years ago. The Vatican is the Head of the Coven & in an internal Coven decision, is transferring the pharisees from Elizabeth to China’s Li Branch, the 13th Family of An/SET/Solomon.
      Rockefeller/Rothschild, etc. will merely transfer. They don’t loose position or title. China only Manages the banks, Rothschild still owns them. It was a Charter created for them by the Vatican under a Latin Claim of Divine Right, Powers, & Privileges. IE “HSBC” is claimed to be ‘Chinese’ but it is owned by Rothschild.

    • Bankster Slayer

      Folks: remember that the Fed is a PRIVATE corporation and it CAN be bought by any other entity. This theory has been advanced by my favorite money guy, Jim Willie, through his friend Rob Kirby. Take a look at his recent interview with Greg Hunter at this youtube link. In the middle of the hour, he explains how this is possible. It all has to do with a sell-out that was made of this country many years ago by Wall Street, a sell-out that was secured by American IRS tax receipts.

      Jim calls this the IRS Fund Commitment, sort of like a Revenue Bond. When the American economy tanked and the IRS revenue was reduced, China said, “You have defaulted on your payments to us. Therefore, we are now foreclosing on America.” :evil:

      Scroll forward to the 23-minute mark:
      http://youtu.be/jbhxPRamhHQ

    • markass530

      The Federal reserve can’t be sold you halfwits

    • adoc1963

      I think they are wrong about the biggest holder of the National debt. It would be more fitting if they would tell us that the Social Security Fund as the biggest holder of this nations debt. In all reality Social Security is the biggest debt holder so that would make the Federal Reserve #2, and China #3. So in all reality USA is still owned by Americans not Asian countries.

    • Anonymous

      China has just experienced a giant Internet Outage according to reports on the msm bu-sin-ess channels, Bloom-borg for one. What’s up with that? What’s going on? And China’s going to take over the Federal Reserve? Huh?

    • les hulse

      taking over usa without firing a single bullet, LOL

    • ruffsoft

      Wow, this article is full of a huge pile of BS. It states:
      “China has recently purchased the JP Morgan building in Manhattan for $750 billion. One could reason that they have in fact purchased all of JP Morgan.”

      The building (not the bank) was purchased for 1/1000th of that amount, or 750 million.
      The assets of JP Morgan are according to Forbes, 2.4 trillion. In other words, the building is worth a tiny fraction of 1% of the JP Morgan value. Therefore, one could NOT reason that China has “in fact purchased all of JP Morgan.”

      The price of the building is about .03% of 2.3 trillion. The idea that China has purchased “all of JP Morgan” for .03% of its value exposes this article as fraudulent to the core. With such a fantastic whopper, the credibility of the entire article collapses into absurdity.

    • Wulfrano Ruiz Sainz

      China doesn’t have enough money to buy the Federal Reserve.

    • SGde3a

      Isn’t this what Mission Impossible 4 – Ghost protocol is about? IMF disbanding, blaming a rouge group, and narrowly avoiding a nuke disaster?

    • TelcoPhil

      Not going to happen!
      From Turner Radio Network

      #7 It appears that a bank run has begun in China…

      As China’s CNR reports, depositors in some of Yancheng City’s largest farmers’ co-operative mutual fund societies (“banks”) have been unable to withdraw “hundreds of millions” in deposits in the last few weeks. “Everyone wants to borrow and no one wants to save,” warned one ‘salesperson’, “and loan repayments are difficult to recover.” There is “no money” and the doors are locked.

      #8 Art Cashin of UBS is warning that credit markets in China “may be broken”. For much more on this, please see my recent article entitled “The $23 Trillion Credit Bubble In China Is Starting To Collapse – Global Financial Crisis Next?”

      #9 News that China’s manufacturing sector is contracting shook up financial markets on Thursday…

      Wall Street was rattled by a key reading on China’s manufacturing which dropped below the key 50 level in January, according to HSBC. A reading below 50 on the HSBC flash manufacturing PMI suggests economic contraction.

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.