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China has big debt to the US

  1. SparklingJewel profile image66
    SparklingJewelposted 5 years ago

    ...and they complain we don't meet our responsibilities

    http://www.foxnews.com/opinion/2011/08/ … ed-states/

    the Chinese government (or whoever makes such decisions)have their ancient traditions of keeping face and having integrity confused almost as badly as the US government has in being aligned with its own Constitution, Bill of Rights and Laws

  2. recommend1 profile image71
    recommend1posted 5 years ago

    Not only is the whole fox-up of a piece wrong in basic numbers it is kite flying big time big_smile   The US debt that China holds is in Trillions of dollars, that makes the few billion relatively insignificant !

    The default on bonds comes about with the fall of the government that issued those bonds prior to the Revolution.  The bonds themselves are in many ways a colonial carve up of the spoils which are quite rightfully denied now that the original thieves have been ejected from the country.

    I met an old Chinese couple in London who complained bitterly that China has consistently refused their demands to be paid for the land they lost and especially for the indentured-for-life workers (slave labour) that were apparently worth more than the land.  To demand payment for the spoils of colonisation is of the same category.

    1. Hugh Williamson profile image88
      Hugh Williamsonposted 5 years ago in reply to this

      So if the U.S. had a socialist revolution the PRC wouldn't expect repayment of monies owed?

      The U.S. constitution says that our debts must be repaid, no matter who the creditor is. Period. What does yours say?

      1. recommend1 profile image71
        recommend1posted 5 years ago in reply to this

        As I am British - ours says go about it with reason and respect, we got ours paid big_smile

        1. Hugh Williamson profile image88
          Hugh Williamsonposted 5 years ago in reply to this

          You're British. That's nice but the issue is why does PRC feel that it can unilaterally  repute certain of the nation's debts because they were incurred by a prior government?

          1. recommend1 profile image71
            recommend1posted 5 years ago in reply to this

            I don't know to be honest, but it might have something to do with the fact that the previous government is still recognised by the US even though it only inhabits Taiwan ?  So if I were Chinese and wanted the US to take its beak out of Chinese business I would tell them to go see Taiwan about it.  But there are many other possible reasons such as the US was one of the colonial powers in China and so able to force unreasonable deals etc.  It has me interested now, so I will go and see if I can't find out something about it.

            1. Hugh Williamson profile image88
              Hugh Williamsonposted 5 years ago in reply to this

              Great! You don't have to pay back "colonial" nations?

              With your annexing of Manchuria, Manchukuo and Tibet - China rates as a colonial power. Right?

              Burn the mortgage.

              1. recommend1 profile image71
                recommend1posted 5 years ago in reply to this

                Just got up - and decide I agree with you.  When are you guys going to start to pay back the UK ?  you could start with paying for Virginia with back taxes on all that tobacco, maybe we can skip the tax on tea ?

                1. Eaglekiwi profile image73
                  Eaglekiwiposted 5 years ago in reply to this

                  How very British of you lol

                  1. recommend1 profile image71
                    recommend1posted 5 years ago in reply to this

                    . . . and you guys owe us shedloads in wool and chops !

  3. psycheskinner profile image81
    psycheskinnerposted 5 years ago

    That would be like saying "Sure I owe you a thousand dollars, but you never paid me back that 75 cents for that pepsi I bought you,"

  4. MissE profile image79
    MissEposted 5 years ago

    What if we all just forgave and forgot? big_smile

    1. Hugh Williamson profile image88
      Hugh Williamsonposted 5 years ago in reply to this

      OK. Works for me.

  5. Wesman Todd Shaw profile image94
    Wesman Todd Shawposted 5 years ago

    Maybe we should charge China those trillions PLUS INTERESTS for saving their ass from the Japanese in world war two?

    1. Eaglekiwi profile image73
      Eaglekiwiposted 5 years ago in reply to this

      lol  lol  No 44 with the Roast Duck on the side lol  lol

    2. recommend1 profile image71
      recommend1posted 5 years ago in reply to this

      Nice thought if you like to re-write history a bit big_smile  although the US did have a small squadron of fighters there.  The shame of it really is that China had to still fight them out even after the 'world' war had ended !

    3. robindeng profile image60
      robindengposted 5 years ago in reply to this

      mad  For the charge  of  flooring Hiroshima & Nagasaki ?  lol

      1. Wesman Todd Shaw profile image94
        Wesman Todd Shawposted 5 years ago in reply to this

        I have no apologies for the Japanese - they pretty much got what they deserved there.

        Not the civilians - but the facts were that the Imperial Japanese were pretty damned hard core, and that whole damned war needed to be over sooner rather than later.

        Do you suppose it would have been LESS destructive if the US had had to invade Japan to end the war?  I don't think so - I think there would have been MORE casualties on BOTH sides if that would have happened.

 
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