Cause internal conflict in America through its morals, politically, military and economic levelsBuild Chinese "ORDER" regionally - a strategy of expansion - locally and globally
“The current trend in the U.S. is leading us toward the creation of a Chinese-owned agricultural land monopoly,” Rep. Dan Newhouse (R-Wash.) warned during a recent House Appropriations hearing.
The committee unexpectedly adopted Newhouse’s amendment to the Agriculture-FDA spending bill (H.R. 4356 (117)) that would block any new agricultural purchases by companies that are wholly or partly controlled by the Chinese government and bar Chinese-owned farms from tapping federal support programs.
Fed Clears Way for Chinese Firms to Buy US Banks
“It is a signal the Fed has gotten comfortable with Chinese banks,” said Fred Cannon, Keefe Bruyette, and Woods Director of Research.
The central bank approved the application by China’s largest bank, Industrial and Commercial Bank of China (ICBC), China Investment Corp. (CIC), and Central Huijin Investment Ltd, to buy 80 percent of the voting shares of The Bank of East Asia.
The Bank of East Asia is based in New York City and has $780 million in assets. Through the acquisition, ICBC, CIC, and Huijin both of which hold stakes in ICBC, will become bank holding companies here in the U.S. with their U.S. operations subject to Fed supervision.
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