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> >————– UPDATE 1:40 pm EST
Eminent Domain is the power of government to TAKE private property for public use without the consent of the property owner. Under our Constitution, the government can only "take" when providing "just compensation" for what they've taken.
Who decides what constitutes "just compensation?" The government!
Homeowners who felt the government was not paying them enough for property in past "takings" have filed lawsuits. In absolutely every such case, the value placed upon the property by the government was upheld by the courts.
Our federal government has now granted to China, this power to "take"our homes and businesses in the event the US Gov't defaults on its debts. Let's play this out as a worst case scenario. . . .
The US Gov't goes belly-up and China comes in and says, "they owed us $2 Trillion in Treasury Notes and another $2 Trillion in actual cash money which is now worthless. We are taking the entire state of Hawaii and the entire state of California in lieu of this bad debt. "
With the stroke of a Chinese chop stick, Hawaii and California – all the land and buildings in those states – are now owned by China.
The "taking" would be a "valid public use" because it was "taken" in payment of the public debt!!!!
China could then turn around and declare the value of all that land to be worth. . . . . I dunno, ten cents on a dollar?
For your $200,000 house, you get a Chinese check for $20,000.
Needless to say, the property owners would go ballistic and demand "just compensation" for what was taken. Who gets to decide what is "just?" China! Don't think you got a fair price for what they took? No problem, sue China.
You'll lose.
People who live in those states and own their land outright, might be able to negotiate with China to "rent" back their own property, as long as the property owner continued to pay all his taxes; but the land and buildings would belong to China.
This is what our own Government has just done to us and it is the single most vile act of betrayal in the history of human existence.
————- SECOND UPDATE 3:48 PM
In early February nine U.S. States began the process of re- asserting their Sovereignty pursuant to the Ninth and Tenth Amendments to the US Constitution; declaring null and void any actions by Congress that violated the Constitution.
The states took action to make certain the feds couldn't give away cities or the states themselves!
This situation is going to get VERY ugly, VERY fast as one sovereign power (the feds) try to literally give away the land of other sovereign powers, (the states). This is the type of thing that starts Civil War.