Breaking: California Seeks Loan From China

By Paul Preston, AENN

(Washington DC)-Sources in Washington DC speaking under condition of anonymity have revealed to AENN that California Governor Gavin Newsom has entered into discussions with the Industrial and Commercial Bank of China (ICBC) to loan the state of California $1 trillion dollars by way of a collateralized loan.

Newsom is being pressed by the federal government and the proposed New California State movement to spend money from the state’s “rainy day” fund to provide money and resources to stop the spread of the coronavirus.

Newsom bragged just last month on the “View” that California has “a operating surplus” known as a rainy day fund of $21 billion. Critics of California’s Governor have long claimed the rainy day fund is nothing more than an accounting gimmick and that the state does not have any money for the most basic of emergency services. In the video below Newsom can be heard making the operating surplus claim at 1:30.

The source also stated collateral for the loan would be California lumber, fisheries, mineral and mines as well as water and agricultural assets.

This is a developing story.

1 thought on “Breaking: California Seeks Loan From China

  1. Four million dead “democrats” voting from their graves. The Progressive Communists have no shame and no values. They hate America and seek to destroy it. Beware of their evil plans by continued lies and voter fraud. They truly are the domestic enemies of The Republic. California is collapsing upon its corrupt self. Return God or perish as a state and nation. The hour for repentance is now.

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: