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It has been said that there are two ways to conquer and enslave a nation. One way is by using the sword, and the other is by using debt. Fortunately, America is not in danger of being conquered by the sword right now, but America is being conquered by debt. The borrower is the servant of the lender, and today we owe China more than a trillion dollars. By running a gigantic trade deficit with us,
China has been able to become incredibly wealthy. We have begged them to lend us back some of the money that we have sent them and this has made them even wealthier. Now China is gobbling up U.S. real estate and U.S. assets at an astounding pace. In fact, some cities are in danger of becoming completely dominated by Chinese ownership. One of those cities is Toledo, Ohio. In many "rust belt" areas, real estate can be had for a song, and the Chinese are taking full advantage of this.
America was once the wealthiest nation on earth, but now we are drowning in debt and we are being sold off in chunks to the highest bidder. Is this the legacy that we are going to leave for future generations?
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4 Comments in Response to Will Toledo, Ohio Be The First Major American City To Be Owned By China?
Talking of slavery today in the United States of America is pure nonsense.
Since they are looking for good deals, I would like to offer them my house for pennies on the dollar. Just give me enough to get myself and my dog out of here and I will even leave everything behind for them to do with as they please. They can have it for a new car and 25K, enough for me to leave the country and something good enough to at least cross the border with. Make that a van please. The house is worth at least 325K.