-Caveat Lector-
visit my web site at http://www.voicenet.com/~wbacon
My ICQ# is 79071904
for a precise list of the powers of the Federal Government linkto:
http://www.voicenet.com/~wbacon/Enumerated.html
---------- Forwarded message ----------
Date: Mon, 21 May 2001 18:21:32 EDT
From: [EMAIL PROTECTED]
Reply-To: [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Subject: SNET: CHINESE ELECTRICITY - Oh, you STUPID sheeple.......
-> SNETNEWS Mailing List
NewsMax.com
Sunday, May 20, 2001
Just What The Hell Is Going on Here?
Americans facing blackouts and skyrocketing energy costs this summer will be
happy to know their tax dollars helped pay for a nuclear power plant now
providing electricity for a Chinese shipyard building warships that someday
could be used against the United States.
The Export-Import Bank of the United States coughed up almost $360 million in
two low-interest loans to China to help the Red Chinese build the Quinshan
nuclear power plant near Shanghai despite US law that specifically bans the
financing of loans to "Marxist-Leninist" countries, including the People's
Republic of China (PRC) unless the loans are considered to be in the national
interest.
President Clinton obligingly declared the loans to be in the US national
interest according to Human Events, which uncovered the shocking scandal.
Moreover, the Republican controlled congress stood quietly by and allowed the
loans to go forward.
Among the customers of the nuclear plant is the Jiangnan Shipyards which
builds ships for the rapidly expanding Chinese navy.
The Ex-Im loans put up the funding that allowed two American companies -
Westinghouse Electric and Bechtel Power - to help the PRC build the
strategically important nuclear power plant. The loans were made at an
interest rate of 7.49%. at a time when the prime rate in the United States
was 8.25% - a rate even lower that the 7.8% then being paid by Americans for
a home mortgage.
The first loan guarantee of $36,347,390 ) to help the Chinese buy "steam
turbines and auxiliaries" from Westinghouse for the second phase of Qinshan
was approved by the Ex-Im bank's directors in July of 1996, The second, for
$323 million covered Bechtel's sale of non-nuclear plant components to the
China National Nuclear Corp. It was used for the third phase of the Qinshan
plant and was approved by the Bank's board of directors on Jan. 14, 1997.
The notification of both loans that the Ex-Im Bank was required to send to
Congress were transmitted in the form of a letter to then-House Speaker Newt
Gingrich (R.-Ga.) and then-Vice President Al Gore in his constitutional role
as president of the Senate. According to Human Events Gingrich and Gore
forwarded the messages to the banking committees in their respective chambers
where the matters languished without any apparent further action.
In addition to helping the PRC build a nuclear power plant that supplies
electricity to a key part of their defense industry, Human Events notes that
"building the later phases of Qinshan - with financing from U.S. taxpayers -
helped the PRC develop its nuclear-reactor-building expertise."
The magazine quotes Xinhua, the Chinese government's official news agency, as
having boasted earlier this year that "through the development of . . .
Qinshan Phase 3 [and other plants] the corporation has basically mastered the
advanced modern methodology for the management of nuclear power development
projects."
Both Westinghouse and Bechtel are heavy financial contributors to the
Democrat and Republican parties.
The law requires that three of the five Ex-Im Bank's directors must approve a
loan to Communist China. At the time of the two loans, there were two
vacancies on the board, and the three remaining members - Board Chairman
Martin A. Kamarck and Maria Haley and Julie Belaga voted unanimously to send
the money to China. Kamarck is the husband of former Gore aide Elaine Kamarck
According to the NY Times On Feb. 14, 1997, a month after she voted to
approve the Bechtel-related loan, "Ms. Haley's first job in Washington was in
the White House personnel office, where she helped John Huang, the Riady
family's senior American executive, get a job at the Commerce Department."
It was Huang, who helped funnel tens of thousands of dollars in illegal
foreign contributions to President Clinton and the Democrats. Riady recently
pleaded guilty to violating US campaign finance laws.
Julie Belaga was a regional administrator for the Environmental Protection
Agency and an executive in a public relations firm. She was recommended for
the Ex-Im job by Sen. Chris Dodd (D.-Conn.).
When your lights begin to flicker this summer and your energy bill begins to
look like your mortgage payment, be comforted in the knowledge that China is
enjoying nuclear power at your expense at a time when Democrats and
environmentalists battle against building any nuclear plants in the US.
-> To unsubscribe send email to [EMAIL PROTECTED]
==^================================================================
EASY UNSUBSCRIBE click here: http://topica.com/u/?b1ddDh.b2B0gP
Or send an email To: [EMAIL PROTECTED]
This email was sent to: [EMAIL PROTECTED]
T O P I C A -- Register now to manage your mail!
http://www.topica.com/partner/tag02/register
==^================================================================
<A HREF="http://www.ctrl.org/";>www.ctrl.org</A>
DECLARATION & DISCLAIMER
==========
CTRL is a discussion & informational exchange list. Proselytizing propagandic
screeds are unwelcomed. Substance—not soap-boxing—please! These are
sordid matters and 'conspiracy theory'—with its many half-truths, mis-
directions and outright frauds—is used politically by different groups with
major and minor effects spread throughout the spectrum of time and thought.
That being said, CTRLgives no endorsement to the validity of posts, and
always suggests to readers; be wary of what you read. CTRL gives no
credence to Holocaust denial and nazi's need not apply.
Let us please be civil and as always, Caveat Lector.
========================================================================
Archives Available at:
http://peach.ease.lsoft.com/archives/ctrl.html
<A HREF="http://peach.ease.lsoft.com/archives/ctrl.html";>Archives of
[EMAIL PROTECTED]</A>
http:[EMAIL PROTECTED]/
<A HREF="http:[EMAIL PROTECTED]/";>ctrl</A>
========================================================================
To subscribe to Conspiracy Theory Research List[CTRL] send email:
SUBSCRIBE CTRL [to:] [EMAIL PROTECTED]
To UNsubscribe to Conspiracy Theory Research List[CTRL] send email:
SIGNOFF CTRL [to:] [EMAIL PROTECTED]
Om
