Has Obama Given Eminent Domain Over America to Red China

This story is all over the place.

Beijing, China -- Sources at the United States Embassy in Beijing China have just CONFIRMED to me that the United States of America has tendered to China a written agreement which grants to the People's Republic of China, an option to exercise Eminent Domain within the USA, as collateral for China's continued purchase of U.S. Treasury Notes and existing US Currency reserves.


The written agreement was brought to Beijing by Secretary of State Hillary Clinton and was formalized and agreed-to during her recent trip to China.

Anyone know if the story is true? It would not surprise me that it turns out to be true, we are so in debt what else could the US do?