.

NEWS AND VIEWS THAT IMPACT LIMITED CONSTITUTIONAL GOVERNMENT

"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Friday, May 11, 2012

The Chinese invasion of America


The Democrat Party sells out the United States.


The Communists are Coming  -  Obama's minions approve a Communist Chinese bank expanding their financial influence inside America's borders
  • The Communist Party owned bank has $2.5 Trillion in assets.
  • Backed by that kind of money to "invest" the Chinese Communist Party will gain enormous influence inside the U.S.
  • And not one damn word of protest from any of the corrupt American ruling class.  


It is an amazing site to see in my lifetime.  The once great Democratic Party selling out the United States to the Communist Party of China. . . . . and not one fucking word from the corrupt Republican Party Beltway Elite.  It is as if this event never happened.
                                                                      .
The regime of Comrade President Obama opened the banking market to ICBC, China's biggest bank.  The bank is effectively owned by the Chinese Communist Party.   The Feds for the first time cleared a takeover of a US bank by a Chinese Communist state-controlled company.
                                                    .
Just days after high-level US-China economic talks in Beijing, the Federal Reserve approved an application from Industrial and Commercial Bank of China to buy a majority stake in the US subsidiary of Bank of East Asia.


Owned by the Communist Party.
Thanks to the U.S. Government, coming soon to a city near you.

The transaction will make ICBC the first Chinese state-controlled bank to acquire retail bank branches in the United States.  ICBC has been the most aggressive of China's "big four" banks in expanding overseas.
According to the Fed the bank has total assets of roughly $2.5 trillion.
As part of the deal ICBC and two Communist Party state-backed financial firms -- China's sovereign wealth fund the China Investment Corporation (CIC), and Central Huijin Investment -- will be recognized as bank holding companies, regulated as commercial US banks.
ICBC will pay $140 million to buy an 80 percent interest in Bank of East Asia USA, China's state news agency Xinhua reported in January 2011, at the time the deal was signed.    (Yahoo News)



No comments: