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kimish
Well, we do owe a large debt to China....
I don't agree with the goings on, btw
np6888
reply to post by Destinyone
Hate? Are you Chinese by any chance? The Chinese are acting like Nazis and you think we should respect them.
In fact, if I had to guess, all the thumbs up by your posts are by Chinese. Looks like their 2,000,000 spies made it here.
kimish
Well, we do owe a large debt to China....
ezwip
I know it sounds crazy but it really is about the turtles. The govt takes migrating turtle's very seriously. I'd love for the news to cover more of it as I don't know much about it. I do know that they do though from growing up in South Texas. They would block off large portions of the beaches.
pirhanna
Clearly, many folks have no idea what communism is, to suggest its a communist plot to invest capital funds *facepalm*
Not that the overall premise is necessarily wrong, but seriously this kind of poor scholarship detracts from any argument put forth.
The story begins nearly 100 years ago, in 1913, when the government of China began issuing bonds to foreign investors and governments for infrastructure work to modernize the country. As the country fell into civil war in 1927, paying these debts became increasingly difficult and the government fell into default. Even so, in April 1938, the Nationalist government of China began to issue U.S.-dollar denominated bonds to finance the war against Japan’s brutal invasion.
Locked in a pitched battle for survival, the government issued these bonds into 1940. As part of its wartime financial aid, the U.S. government further provided a $500 million credit to China in March 1942, shipping gold there and helping to stabilize the currency. In return, it appears that the U.S. government redeemed some of these dollar-denominated bonds. But China doesn’t appear to have repaid this debt either, according to State Department records, and the declaration of the People’s Republic of China in 1949 ended decades of political, military and financial cooperation.
While successor governments are usually bound by the debts of predecessor governments, the new Communist government refused to pay any of these claims. The issue lay dormant for decades, just as the bilateral relationship did. Then, in 1979, as part of normalizing relations, Washington released government financial claims regarding the expropriation of American property and appears to have dropped the matter of the war debt entirely.
np6888
reply to post by Destinyone
Hate? Are you Chinese by any chance? The Chinese are acting like Nazis and you think we should respect them.
In fact, if I had to guess, all the thumbs up by your posts are by Chinese. Looks like their 2,000,000 spies made it here.