Thread: China telling bondholders TOO BAD!

China owes America billions | The Daily Caller


From 1900 to 1938, the government of China, like many other governments including our own, took on sovereign debt and issued bonds based on their full faith and credit. The American Bondholders Foundation (ABF) has testified before Congress that thousands of American families bought and still hold those bonds, relying on the fact that the U.S. Treasury bought them too. But then, when Mao ran Chiang Kai-shek off to Taiwan in 1949, the communists refused to pay interest or principal on the bonds issued earlier by their enemy, the “reactionary” Kuomintang administration. For over 60 years, American families have been bilked by communist China.


Read more: http://dailycaller.com/2012/06/13/ch...#ixzz1xvS48uDs


Wouldn't be nice under a new Nationalist Government for the American people to tell China that we no longer owe them a DIME?

I can see the merits of China's decision. And two can play this game! Why should future generations of Americans be held responsible for the Debts of these 'criminals' in Washington?


If a change of government is enough excuse for the Chinese to absolve themselves of any outstanding foreign dept, than it's good enough for a future nationalist government here in the United States to do the same.

Wouldn't you agree?

Unfortunately the Greeks did not vote to end the tyranny of the international banking cartel. But the 2 parties who favor the cartel will form a coalition with a majority in the Greek Parliament of 12 votes out of 300, despite winning only 40% of the vote between them. See this report: WXXI: Greek pro-bailout parties secure ruling majority (2012-06-17)

Because coalition governments in Parliamentary systems are notoriously unstable, I expect this Greek government to collapse at some point and another election to be called soon.

Hopefully the political instability will continue to get worse as the Greek people are waking up to the Banksters!

Iconoclast