In 2011, America is for sale and the communist Chinese are eager buyers. The Chinese government is using sovereign wealth funds and Chinese state-owned enterprises to buy up economic assets and huge tracts of land all over the United States. Many of our politicians hail all of this “foreign investment” as something that is “good for America”, while many others see something much more sinister going on here. In any event, this is a trend that is rapidly accelerating and that is causing great concern among patriotic Americans.
In my recent article entitled “China Wants To Construct A 50 Square Mile Self-Sustaining City South Of Boise, Idaho“, I examined a potential deal that Sinomach (a company controlled by the Chinese government) wants to do with the government of Idaho. There will be more on this deal in a minute.
But first it is important to note that this is a phenomenon that is happening all across the United States.
For example, a Chinese investment group is buying up a very large chunk of real estate in Toledo, Ohio. The following is a brief excerpt from an article in the Toledo Blade on May 26th, 2011….
Dashing Pacific Group Ltd., which has already purchased the nearby Docks restaurant complex for $2.15 million, put its $3.8 million offer to buy the southern 69 acres at the Marina District in East Toledo back on the table for approval by Toledo City Council. Additionally, Dashing Pacific Chairman Yuan Xiaohong, in a letter signed in Hangzhou, said the firm wants a two-year option to buy the decommissioned Toledo Edison power plant property on the site.
Even more disturbing is what has been happening down in Texas recently. The Chinese have been gobbling up our oil and gas fields. The following is a quote from one local Texas news source about one of these deals….
State-owned Chinese energy giant CNOOC is buying a multibillion-dollar stake in 600,000 acres of South Texas oil and gas fields, potentially testing the political waters for further expansion into U.S. energy reserves.
With the announcement Monday that it would pay up to $2.2 billion for a one-third stake in Chesapeake Energy assets, CNOOC lays claim to a share of properties that eventually could produce up to half a million barrels a day of oil equivalent.
You can read much more about this particular deal right here.
CNOOC (China National Offshore Oil Company) has been buying up oil and gas assets all over the globe. They seem to have an insatiable appetite for them.
There is not much we can do about what is going on in other countries, but when we allow foreigners to buy up our own precious oil and gas assets shouldn’t that set off “national security” red flags?
Not that our politicians are too concerned about real national security issues anyway. They just keep telling us that we will be just fine as long as we allow the TSA to grope our wives, our children and the elderly.
Getting back to the topic, shouldn’t we be alarmed that someday soon we may be importing “foreign oil” that is being pumped out of Texas land?
It is almost as if virtually all of our politicians have lost all common sense.
Of course one of the most insane projects was the one that Sinomach proposed to do in Idaho. The following is a description of that project from an article in the Idaho Statesman….
A Chinese national company is interested in developing a 10,000- to 30,000-acre technology zone for industry, retail centers and homes south of the Boise Airport.
30,000 acres is close to 50 square miles.
That is a huge chunk of territory.
Fortunately, it appears that the deal is stalled at least for the moment.
But that could change at any time, especially considering the fact that the governor of Idaho is pushing hard for Chinese “investment”….
The following is a quote from Boise lobbyist Pat Sullivan….
“One thing these Chinese see is we have a governor here who has a great big open-door policy”
Doesn’t that just sound wonderful?
A “great big open-door policy”.
That just sounds so warm and fuzzy.
All of this is a part of “Project 60” – a huge initiative to revitalize the economy of Idaho.
The following is an excerpt from an open letter from Idaho Governor Butch Otter about Project 60….
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