By Jeff Smith

Guest columnist

We have a trade deficit of $2.3 trillion dollars, a $1.37 trillion dollar debt plus the $100 million dollars a day for debt service to China. It was predictable that China would eventually convert our debt into equity by purchasing U.S. land, another unintended consequence resulting from irrational decisions by congress.

Newsmax reports that Chinese corporations want to buy United States land and create “special economic zones” inside the United States.

The operating policy of an economic zone is determined by each country’s trade and customs administration. In other words, our regulations and other government edicts that strangle U.S. small business don’t apply. Soon we will have sections of America belonging to Chinese government owned corporations free from our manufacturing laws.

Special economic zones include manufacturing facilities, warehouses, retail centers and large numbers of homes for Chinese workers. It’s a segment of communist China in the United States.  It’s more efficient than outsourcing. Just import China to America and make this small section of China exempt from our laws.

Is this some form of “economic colonization?” Initially, “special economic zones” were only established within China. In fact, the economic colonization of America is far more advanced than most Americans can imagine. Sinomach, a large state-owned enterprise group, is exploring the possibility of establishing “special economic zones” in Ohio, Michigan and Pennsylvania.

There is no logical reason for American citizens to welcome this development. This is simply a strategy to flood America with more Chinese cheap-labor products without the cost of transporting them from China. Why would we even consider this?

China will soon become a major landowner in America.  Government and corporate leaders are playing down this threat by citing differences between the Chinese government and Chinese corporations. However, 43 per cent of all corporate profits in China are produced by companies controlled by the Chinese government. China is buying everything possible in America, and our politicians are delighted.

Due to outsourcing, Thomasville, Alabama is so desperate for jobs they are willing to give a free 40-acre site, which includes a 50,000 square foot building built with taxpayer money, to a China manufacturing company.

Dr. Jerome Corsi states the Chinese Central Bank wants the U.S. to allow China to “establish Chinese-owned businesses and bring its citizens to the U.S. to work.” Under the plan, China would own U.S. businesses, infrastructure and high-value land, all with a U.S. government guarantee against loss.

Chinese officials are reluctant to invest in the U.S. unless a guarantee plan is created to ensure no loss to their investment. They’ve proposed a crisis relief facility to accomplish this scheme.  How many struggling small business owners have such a guarantee?  It’s shabby treatment of those who were the backbone of the once proud industrial America. When formulating a plan that considers middle-class America last, our politicians are very innovative.

Consider this from someone who is guiding our economy and supposedly cares about America?  James Bullard, President of the St. Louis Federal Reserve Board, stated that “attitudes in the U.S. are going to have to change” because America “will not permanently be the global leader.”  Bullard insists that it is inevitable that the U.S. will end up in second place behind communist China.

China isn’t just buying land and infrastructure. According to the Wall Street Journal, two Chinese companies owned by the government have purchased rights to vital oil and natural gas deposits of more than 2.5 million acres in Colorado, Louisiana, Michigan, Ohio, Oklahoma, Texas and Wyoming.

Sadly, most Americans have absolutely no idea what is happening.