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KILLER_CLOWN
06-28-2011, 11:43 PM
US Could Be Forced To Sell Sovereign Assets To China To Pay Off Over $100 Trillion In National Debt

The US may soon be forced into a situation similar to the one in Greece and be forced to perform a fire sale of national sovereign assets to China pay down the out of control debt that some say is really over $100 trillion.

Recently the Greece Army threatened a military coup against the banker bailout saying “we will not be sold to foreign powers”.

http://blog.alexanderhiggins.com/2011/06/26/greek-army-threatens-military-coup-spreading-fears-civil-war-breaking-europe-31181/

Regardless of the threat the politicians have still pushed forward to sell the nation’s sovereign properties to foreigners to pay for the bank bailout.

Debt-laden Greece finds no buyers in ‘fire sale’ of national assets

Greece puts €50bn of national assets on sale in hotel ballroom but private equity firms are not interested

http://www.guardian.co.uk/business/2011/jun/28/greeces-fire-sale-shunned

While private investors aren’t buying China is. Europe is China’s largest consumer and China is willing to layout billions to prevent a global financial meltdown.

As the Guardian article clearly points out, Great Britain has balked at the idea of selling of their national assets to pay for their banker bailout. The Problem is the IMF has no problem in “exploiting” those who are in debt and can’t pay up (their words not mine) as the Wall Street Journal reports.

Want to Buy a Piece of a Greek Island?
Greece’s Government Prepares to Sell Up to $42.9 Billion of Public Property to Reduce Its Mountain of Debt

http://online.wsj.com/article/SB10001424052702304563104576357240646607566.html?mod=WSJ_hp_LEFTTopStories

As Morgan Stanley Points out Greece isn’t even the real problem, it is the US deficit. Some even say the real national debt is

Morgan Stanley’s Gorman plays down Greek default fallout
FORGET Greece, the biggest problem facing world markets is the $1.5 trillion US budget deficit, says Morgan Stanley boss James Gorman.

http://www.theaustralian.com.au/business/opinion/morgan-stanleys-gorman-plays-down-greek-default-fallout/story-e6frg9io-1226082765369

Meanwhile, those willing to be honest say the real US debt is over $100 trillion.

PIMCO’s Bill Gross: “The U.S. National Debt Is $100 Trillion, We Are In Worse Financial Shape Than Greece” (Video)

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As Zero Hedge points out, the US is really not in much better shape than Greece when it comes to servicing the debt.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/draghi/Gross%20levreaging_0.jpg

With states like NJ already putting sovereign assets at risk by obtaining more loans loans to pay for existing debt they can’t afford to pay for the US debt trap situation will only get worse. Seriously sounds like the US is in the same predicament Greece is in.

Broke New Jersey Seeking $2.25 Billion Bridge Loan At Up To 9% From JPMorgan For Emergency Funding

http://online.wsj.com/article/SB10001424052702303627104576412172854764168.html

And sooner or later the IMF will be forcing the US into a shotgun wedding to perform a fire sale of US assets to China.

And when you protest against this happening…

http://cdn1.alexanderhiggins.com/wp-content/uploads/2011/06/China-To-Buy-Statute-Of-Liberty-To-Pay-For-US-Debt.jpg

You will end up finding the riot police doing this to you.

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Sound Far Fetched? Tell that to the people of Greece who are experiencing it right now.

Prince Philip’s birthplace centre of Greek heritage sale row
A Royal palace on Corfu where the Duke of Edinburgh was born will this week emerge as the focus point of protests on the Greek islands against the sale of the national heritage to pay off the country’s debts.

http://www.telegraph.co.uk/news/worldnews/europe/greece/8599718/Prince-Philips-birthplace-centre-of-Greek-heritage-sale-row.html

That would be similar to the US selling off Washington’s house to the Chinese to pay back debt.

The rest of the people of Europe are under the same kind of pressure from the bankers to perform the same steps Greece is taking.

The US economic situation is far worse and it is only a matter of time time before the house of cards falls down and the rooster comes home.

http://blog.alexanderhiggins.com/2011/06/28/forced-sell-sovereign-asset-china-pay-100-trillion-national-debt-31861/

vailpass
06-29-2011, 01:04 PM
Uh, no.

boogblaster
06-29-2011, 04:20 PM
.. they already are selling private lands .. have been for years ....

vailpass
06-29-2011, 04:21 PM
.. they already are selling private lands .. have been for years ....

That is more like renting subject to the landlord adjusting the terms.