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Rush: The Chinese are Coming! I Mean, They’re Here!

Erik Rush, one of the looniest of the Worldnutdaily columnists (yeah, that’s saying a lot), has a whole new Obama conspiracy theory, one based on unnamed sources. It fit rights in with the old right wing conspiracy about the Chinese taking over America:

Let me share that which was related to me via one international business interest with strong ties to the nations highlighted in the following scenario:

According to this source, President Obama had a mid-level U.S. official meet with a Chinese officer in 2011 to find out if the Chinese were open to a land and resource swap for debt forgiveness. The upshot of this is that the Chinese are now engaging in experimental “farming” and “scientific” studies in several locations in the U.S. (in various states). The personnel involved are all Chinese military, and the plan is to use these as the base for the expansion of “land settlements” in payment of the U.S. debt to China.

Also in 2011, the Bank of China reportedly sent a team to the U.S. to do land analysis and valuations based on resources that have been identified on federally held lands. The group was tasked to visit various preselected sites, including some on the Gulf of Mexico, and arrive at resource-based values between $2 trillion and $5 trillion (enough to satisfy America’s debt to China). According to this scenario, the issuing of new drilling licenses in the U.S. have been stopped on federally held land until the Chinese can be in position to take over new oil production.

Now that’s just laughable. First of all, our “debt to China” is nothing more than t-bills, which are sold at public auction. We don’t actually take out loans from China, much less ones that could be “called in.” T-bills have a set payback schedule. China owns about 8% of the t-bills we’ve issued to cover our federal debt, or a little over $1 trillion, with another 38% owned by other countries. The notion that we would need to swap land for debt to China is absurd.

But still, seriously? The John Birch Society crowd has been pushing this “China is going to take over” bullshit for half a century. It’s never been true and it never will be. And does anyone think this could actually be kept secret even if it were happening? Just more ridiculous paranoia from right wingers.

Comments

  1. Francisco Bacopa says

    What would it cost us for them to take Texas?

    After so many years with Rick Perry I’d almost be willing to take my chances with the Chinese.

  2. slc1 says

    Whackjob Rush and the late and unlamented Congressman James Utt could have made beautiful music together. Utt sent out a franked newsletter claiming that a force of 250,000 Chinese Communist troops were poised in Baja California to invade the United States.

  3. shouldbeworking says

    Insist that they take Texas as partial payment and they might just forgive some of the debt instead.

  4. anubisprime says

    Mr Ed @ 1

    What would it cost us for them to take Texas?

    Do ya reckon the Chinese are aware of the Latin?….”Caveat emptor”

    I won’t tell if you don’t ;-)

  5. says

    I am so fucking sick of the descendants of European settlers complaining about teh immigrants. Is “Limbaugh” a fucking Sioux or Apache name?

    When Rush’s ancestors immigrated, they did it with extreme prejudice.* Are we dealing with maybe some kind of ancestral memory-inspired fear that a wave of immigrants will come ashore and commit genocide? Rush is stupid, but gimme a break – I feel it’s unfair to stupid people to say Rush is one of them.

    (* or showed up later and took advantage of pre-existing occupation and genocide, like mine did)

  6. says

    What would it cost us for them to take Texas?

    Think how much of our debt they’d cancel in return! I think that’s a fabulous idea! I’m sure all the “new debt hawks” would be all over this! Instead of slashing social programs, why not cut Texas loose? Sheer brilliance. “It’s like a family. When you overspend on the credit card, you gotta sell that useless big screen TV on Ebay, yep, for sure…”

    What’d Japan give us for Hawaii?

  7. philippangrac says

    Back in the 80′s and early 90′s it was “The Japanese are going to buy America!” I read Rising Sun in junior high and even at that age I knew it was bullshit fear-mongering. And it’s no different than “The Chinese are going to buy/take America!” It’s all predicated in a fear of The Other (in this case, Asians), with the Chinese fear-mongering mixing in lingering Cold War fears of communists (in direct opposition to the reality that China is capitalist in all but name).

  8. says

    He is right, Ed. It’s already happening here. Why, just the other day I took a break from replacing the rations and ammunition in my ObamaShelter and went out to dinner, down by the port, only to find myself surrounded by ChiComs, in Chinatown.
    Push back before it’s too late, Ed!

  9. sailor1031 says

    But, but……..what about the muslims? Aren’t they taking over America? even as we write? Or have we been lied to again? Jeez I get so confused…

  10. machintelligence says

    Marcus Ranum @ 7
    I think you have your Rushes confused. It’s easy to do, as they’re both nuts.
    BTW Having the Chinese hold lots of US debt is not a bad thing. If we ever face hostilities with them, they can expect to be told to pound salt if they try to collect. If you owe the bank a million dollars, you have a problem — if you owe the bank a trillion dollars, the bank has a problem.

  11. Sastra says

    I have a friend who is (or was) seriously involved with the John Birch Society, serious enough to have meetings at her house. She once let me in on some of the crazy stuff they believed — though of course she didn’t think it was crazy.

    And I didn’t think less of her afterwards — because I already knew she was a committed Mormon and had accepted that in an atheist version of love the sinner hate the sin.*

    Mormonism is not only bullshit, but the unusual clarity of many of its claims requires that one believe most scholars and experts lie. It begins with a conspiracy theory. From that foundation, there were conspiracy theories galore in her life, ranging from conspiracy theories on space aliens really being demons to conspiracy theories on black helicopters harassing home schoolers to conspiracy theories on pharmaceutical companies suppressing natural alternative medicine cures.

    Oh, look. political conspiracy theories, too. Color me surprised.

    At least religious believers who also think like this guy are being consistent. . Pushing this stuff without constantly being able to refer back to an origin point of faith-based specialness seems to me like a special form of foolhardiness and sudden break with reality.

    *Besides, she wasn’t actively involved. From what I could tell, her activism amounted to providing snacks and a confused agreement with the statements of higher officals. I also suspect the activism from the higher officials only amounted to eating snacks and agreeing with each other’s confused statements.

  12. says

    @10:

    Laugh now, round-eyed devil.

    I’ve seen the NEW menus. The ones coming out AFTER the takeover.

    There’s been a change or six.

    This one caught my eye.

    From this:

    蘑菇雞片 (Moo Goo Gai Pan) Button mushrooms with chicken slices

    to this:

    蘑菇鬼佬 (Moo Goo Gweilo) Button mushrooms with sliced white devil

    Yeah, just go ahead and keep ordering that #7 Delight with the extra-crispy tofu and fried rice.

  13. says

    China owns about 8% of the t-bills we’ve issued to cover our federal debt, or a little over $1 trillion, with another 38% owned by other countries. The notion that we would need to swap land for debt to China is absurd.

    In addition to misunderstanding the basic arrangement of debt issuance and payments, they manage to get the power relationship completely backwards. If China holds lots of US debt, the country with the upper hand is the US. We could always refuse to pay them, and there would be nothing they could do about it. There are very good reasons why we don’t do that, but if worse came to worse, it is an option that we have. Somehow “forcing” us to make good on those obligations is not an option that they have.

  14. says

    If China holds lots of US debt, the country with the upper hand is the US. We could always refuse to pay them, and there would be nothing they could do about it.

    We don’t even have to refuse to pay. If China was to do something that threatened to harm the US economy, those T-bills would be worth less automatically. The Chinese need our economy to do well or their investment is in danger. They have a trillion reasons not to fuck with us (too much, at least).

  15. ricko says

    Mr. Ed @ !:

    Why would they NEED to take over Texas, they own it already. They’re EXACTLY like Texans. Give it another 4 years and the Texans will be begging for the right to change into China South… They have exactly the same kind of elections, and they keep the money with the rich.

  16. says

    Wrong Rush! I’ve never heard of him and it was late and all wingnuts look the same to me. But the guy who mows my lawn is a wingnut, so I have friends in that community.

    “I was wrong” <- see how easy that is?

  17. bradleybetts says

    Let me share that which was related to me via one international business interest with strong ties to the nations highlighted in the following scenario

    ROFL. Well, that certainly lent credability to the story, don’cha think?

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