What happens if China is allowed to purchase foreclosed homes across America? Could we be thrown out on the street, replaced by China’s new elite?
Beijing acquiring major ownership in oil, natural gas across nation
NEW YORK – The Obama administration is quietly allowing China to acquire major ownership interests in oil and natural gas resources across the U.S.
The decision to allow China to compete for U.S. oil and natural gas resources appears to stem from a need to keep Beijing economically interested in lending to the U.S. The Obama administration has run $1-trillion-plus annual federal budget deficits since taking office that likely will continue in the second term.