China is the world's largest creditor... so why doesn't the USA go after the $1 trillion China owes the USA?

[healthmyths]

The world’s largest creditors should take coordinated and decisive action to address the “generational challenge” of poorer nations struggling with unmanageable debt burdens, a top US Treasury official said, aiming specific criticism at China, the biggest lender to emerging markets.

US Urges Action on ‘Generational’ Debt Risks, Call Out China

(Bloomberg) -- The world’s largest creditors should take coordinated and decisive action to address the “generational challenge” of poorer nations struggling with unmanageable debt burdens, a top US Treasury official said, aiming specific criticism at China, the biggest lender to emerging...

finance.yahoo.com

In 1938, during its conflict with Japan, the ROC defaulted on its sovereign debt. After the military victory of the communists, the ROC government fled to Taiwan. The People’s Republic of China was eventually recognized internationally as the successor government of China. Under well-established international law, the “successor government” doctrine holds that the current government of China, led by the Chinese Communist Party, is responsible for repayment of the defaulted bonds.
A private group of American citizens holds a large quantity of these gold-denominated bonds. This citizen-led group, the American Bondholders Foundation (ABF), serves as trustee with power of attorney for some 20,000 bondholders, whose bonds are valued at well more than $1 trillion.

Great Britain had China pay back... BUT did the USA???
Then-U.K. Prime Minister Margaret Thatcher’s tough negotiation stance on the return of Hong Kong to China led to a British settlement agreement on these same Chinese bonds in 1987. Thatcher said that for China to have access to U.K. capital markets, it had to honor the defaulted Chinese sovereign debt held by British subjects. Faced with that stark choice, China agreed.

BUT WHAT ABOUT USA ???
Unfortunately, the U.S. failed to take such a common-sense stance.
To this day, China has had access to U.S. capital markets while openly rejecting its sovereign debt obligations(Plus $1 Trillion!) to American bondholders.
Lest anyone wonder about the age of these bonds, it is irrelevant. What matters is that this is a sovereign obligation. As recently as 2010, the German government made its last payment for reparations from World War I. In 2015 Great Britain made payments on bonds issuances that dated from the 18th century.

The Biden administration and the U.S. Congress have a unique opportunity to enforce the well-established international rule that governments must honor their debts. Like the U.K. did in 1987, the U.S. must view the repayment of China’s sovereign debt as essential to its national security interests.
In doing so, the U.S. government should undertake one or both of two actions currently being discussed by members of Congress.

China is in default on a trillion dollars in debt to US bondholders. Will the US force repayment?

Now that the relationship with China has soured and the People’s Republic of China has become the greatest adversarial threat to the U.S. and Western security, policymakers should revisit thi…

thehill.com

 

[scruffy]

There's an old saying, if the bank lends you a few thousand bucks the bank owns you, because you have to pay it back.

But if the bank loans you a billion bucks, you own the bank. Because they depend on you to pay it back.

 

[healthmyths]

There's an old saying, if the bank lends you a few thousand bucks the bank owns you, because you have to pay it back.

But if the bank loans you a billion bucks, you own the bank. Because they depend on you to pay it back.

As you said... that's an OLD saying! Reality is as "recently as 2010, the German government made its last payment for reparations from World War I. In 2015 Great Britain made payments on bonds issuances that dated from the 18th century.

China is in default on a trillion dollars in debt to US bondholders. Will the US force repayment?

Now that the relationship with China has soured and the People’s Republic of China has become the greatest adversarial threat to the U.S. and Western security, policymakers should revisit thi…

thehill.com

So why hasn't the USA held China responsible for it?

 

[Oddball]

Ho about going after the over $5 trillion in economic activity that their bioweapon cost?

 

[JGalt]

The world’s largest creditors should take coordinated and decisive action to address the “generational challenge” of poorer nations struggling with unmanageable debt burdens, a top US Treasury official said, aiming specific criticism at China, the biggest lender to emerging markets.

US Urges Action on ‘Generational’ Debt Risks, Call Out China

(Bloomberg) -- The world’s largest creditors should take coordinated and decisive action to address the “generational challenge” of poorer nations struggling with unmanageable debt burdens, a top US Treasury official said, aiming specific criticism at China, the biggest lender to emerging...

finance.yahoo.com

In 1938, during its conflict with Japan, the ROC defaulted on its sovereign debt. After the military victory of the communists, the ROC government fled to Taiwan. The People’s Republic of China was eventually recognized internationally as the successor government of China. Under well-established international law, the “successor government” doctrine holds that the current government of China, led by the Chinese Communist Party, is responsible for repayment of the defaulted bonds.
A private group of American citizens holds a large quantity of these gold-denominated bonds. This citizen-led group, the American Bondholders Foundation (ABF), serves as trustee with power of attorney for some 20,000 bondholders, whose bonds are valued at well more than $1 trillion.

Great Britain had China pay back... BUT did the USA???
Then-U.K. Prime Minister Margaret Thatcher’s tough negotiation stance on the return of Hong Kong to China led to a British settlement agreement on these same Chinese bonds in 1987. Thatcher said that for China to have access to U.K. capital markets, it had to honor the defaulted Chinese sovereign debt held by British subjects. Faced with that stark choice, China agreed.

BUT WHAT ABOUT USA ???
Unfortunately, the U.S. failed to take such a common-sense stance.
To this day, China has had access to U.S. capital markets while openly rejecting its sovereign debt obligations(Plus $1 Trillion!) to American bondholders.
Lest anyone wonder about the age of these bonds, it is irrelevant. What matters is that this is a sovereign obligation. As recently as 2010, the German government made its last payment for reparations from World War I. In 2015 Great Britain made payments on bonds issuances that dated from the 18th century.

The Biden administration and the U.S. Congress have a unique opportunity to enforce the well-established international rule that governments must honor their debts. Like the U.K. did in 1987, the U.S. must view the repayment of China’s sovereign debt as essential to its national security interests.
In doing so, the U.S. government should undertake one or both of two actions currently being discussed by members of Congress.

China is in default on a trillion dollars in debt to US bondholders. Will the US force repayment?

Now that the relationship with China has soured and the People’s Republic of China has become the greatest adversarial threat to the U.S. and Western security, policymakers should revisit thi…

thehill.com

Well we owe China $859 billion so we might as well default on it, call it even, and tell them to go fuck themselves.

We'd still be ahead a billion and a half dollars.

 

[JoeB131]

The world’s largest creditors should take coordinated and decisive action to address the “generational challenge” of poorer nations struggling with unmanageable debt burdens, a top US Treasury official said, aiming specific criticism at China, the biggest lender to emerging markets.

US Urges Action on ‘Generational’ Debt Risks, Call Out China

(Bloomberg) -- The world’s largest creditors should take coordinated and decisive action to address the “generational challenge” of poorer nations struggling with unmanageable debt burdens, a top US Treasury official said, aiming specific criticism at China, the biggest lender to emerging...

finance.yahoo.com

In 1938, during its conflict with Japan, the ROC defaulted on its sovereign debt. After the military victory of the communists, the ROC government fled to Taiwan. The People’s Republic of China was eventually recognized internationally as the successor government of China. Under well-established international law, the “successor government” doctrine holds that the current government of China, led by the Chinese Communist Party, is responsible for repayment of the defaulted bonds.
A private group of American citizens holds a large quantity of these gold-denominated bonds. This citizen-led group, the American Bondholders Foundation (ABF), serves as trustee with power of attorney for some 20,000 bondholders, whose bonds are valued at well more than $1 trillion.

Great Britain had China pay back... BUT did the USA???
Then-U.K. Prime Minister Margaret Thatcher’s tough negotiation stance on the return of Hong Kong to China led to a British settlement agreement on these same Chinese bonds in 1987. Thatcher said that for China to have access to U.K. capital markets, it had to honor the defaulted Chinese sovereign debt held by British subjects. Faced with that stark choice, China agreed.

BUT WHAT ABOUT USA ???
Unfortunately, the U.S. failed to take such a common-sense stance.
To this day, China has had access to U.S. capital markets while openly rejecting its sovereign debt obligations(Plus $1 Trillion!) to American bondholders.
Lest anyone wonder about the age of these bonds, it is irrelevant. What matters is that this is a sovereign obligation. As recently as 2010, the German government made its last payment for reparations from World War I. In 2015 Great Britain made payments on bonds issuances that dated from the 18th century.

The Biden administration and the U.S. Congress have a unique opportunity to enforce the well-established international rule that governments must honor their debts. Like the U.K. did in 1987, the U.S. must view the repayment of China’s sovereign debt as essential to its national security interests.
In doing so, the U.S. government should undertake one or both of two actions currently being discussed by members of Congress.

China is in default on a trillion dollars in debt to US bondholders. Will the US force repayment?

Now that the relationship with China has soured and the People’s Republic of China has become the greatest adversarial threat to the U.S. and Western security, policymakers should revisit thi…

thehill.com

The UK had leverage, in that China wanted Hong Kong back.

We don't really have leverage to get Beijing to honor Chiang Kai-shek's old debts.

 

[Invisibleflash]

The world’s largest creditors should take coordinated and decisive action to address the “generational challenge” of poorer nations struggling with unmanageable debt burdens, a top US Treasury official said, aiming specific criticism at China, the biggest lender to emerging markets.

US Urges Action on ‘Generational’ Debt Risks, Call Out China

(Bloomberg) -- The world’s largest creditors should take coordinated and decisive action to address the “generational challenge” of poorer nations struggling with unmanageable debt burdens, a top US Treasury official said, aiming specific criticism at China, the biggest lender to emerging...

finance.yahoo.com

In 1938, during its conflict with Japan, the ROC defaulted on its sovereign debt. After the military victory of the communists, the ROC government fled to Taiwan. The People’s Republic of China was eventually recognized internationally as the successor government of China. Under well-established international law, the “successor government” doctrine holds that the current government of China, led by the Chinese Communist Party, is responsible for repayment of the defaulted bonds.
A private group of American citizens holds a large quantity of these gold-denominated bonds. This citizen-led group, the American Bondholders Foundation (ABF), serves as trustee with power of attorney for some 20,000 bondholders, whose bonds are valued at well more than $1 trillion.

Great Britain had China pay back... BUT did the USA???
Then-U.K. Prime Minister Margaret Thatcher’s tough negotiation stance on the return of Hong Kong to China led to a British settlement agreement on these same Chinese bonds in 1987. Thatcher said that for China to have access to U.K. capital markets, it had to honor the defaulted Chinese sovereign debt held by British subjects. Faced with that stark choice, China agreed.

BUT WHAT ABOUT USA ???
Unfortunately, the U.S. failed to take such a common-sense stance.
To this day, China has had access to U.S. capital markets while openly rejecting its sovereign debt obligations(Plus $1 Trillion!) to American bondholders.
Lest anyone wonder about the age of these bonds, it is irrelevant. What matters is that this is a sovereign obligation. As recently as 2010, the German government made its last payment for reparations from World War I. In 2015 Great Britain made payments on bonds issuances that dated from the 18th century.

The Biden administration and the U.S. Congress have a unique opportunity to enforce the well-established international rule that governments must honor their debts. Like the U.K. did in 1987, the U.S. must view the repayment of China’s sovereign debt as essential to its national security interests.
In doing so, the U.S. government should undertake one or both of two actions currently being discussed by members of Congress.

China is in default on a trillion dollars in debt to US bondholders. Will the US force repayment?

Now that the relationship with China has soured and the People’s Republic of China has become the greatest adversarial threat to the U.S. and Western security, policymakers should revisit thi…

thehill.com

 

[Dragonlady]

The world’s largest creditors should take coordinated and decisive action to address the “generational challenge” of poorer nations struggling with unmanageable debt burdens, a top US Treasury official said, aiming specific criticism at China, the biggest lender to emerging markets.

US Urges Action on ‘Generational’ Debt Risks, Call Out China

(Bloomberg) -- The world’s largest creditors should take coordinated and decisive action to address the “generational challenge” of poorer nations struggling with unmanageable debt burdens, a top US Treasury official said, aiming specific criticism at China, the biggest lender to emerging...

finance.yahoo.com

In 1938, during its conflict with Japan, the ROC defaulted on its sovereign debt. After the military victory of the communists, the ROC government fled to Taiwan. The People’s Republic of China was eventually recognized internationally as the successor government of China. Under well-established international law, the “successor government” doctrine holds that the current government of China, led by the Chinese Communist Party, is responsible for repayment of the defaulted bonds.
A private group of American citizens holds a large quantity of these gold-denominated bonds. This citizen-led group, the American Bondholders Foundation (ABF), serves as trustee with power of attorney for some 20,000 bondholders, whose bonds are valued at well more than $1 trillion.

Great Britain had China pay back... BUT did the USA???
Then-U.K. Prime Minister Margaret Thatcher’s tough negotiation stance on the return of Hong Kong to China led to a British settlement agreement on these same Chinese bonds in 1987. Thatcher said that for China to have access to U.K. capital markets, it had to honor the defaulted Chinese sovereign debt held by British subjects. Faced with that stark choice, China agreed.

BUT WHAT ABOUT USA ???
Unfortunately, the U.S. failed to take such a common-sense stance.
To this day, China has had access to U.S. capital markets while openly rejecting its sovereign debt obligations(Plus $1 Trillion!) to American bondholders.
Lest anyone wonder about the age of these bonds, it is irrelevant. What matters is that this is a sovereign obligation. As recently as 2010, the German government made its last payment for reparations from World War I. In 2015 Great Britain made payments on bonds issuances that dated from the 18th century.

The Biden administration and the U.S. Congress have a unique opportunity to enforce the well-established international rule that governments must honor their debts. Like the U.K. did in 1987, the U.S. must view the repayment of China’s sovereign debt as essential to its national security interests.
In doing so, the U.S. government should undertake one or both of two actions currently being discussed by members of Congress.

China is in default on a trillion dollars in debt to US bondholders. Will the US force repayment?

Now that the relationship with China has soured and the People’s Republic of China has become the greatest adversarial threat to the U.S. and Western security, policymakers should revisit thi…

thehill.com

Why doesn't the USA go after the government of Taiwan for the debt?????? They're the ones who borrowed the money. Not the communists.

The difference between Great Britain and the USA, is that the British aren't living on the national credit card and borrowing money to cover their budgets. They're TAXING British corporations and people to pay for their programs.

As long as the USA keeps running massive deficits, it's not to their benefit to piss off their bankers.

 

[Toddsterpatriot]

The world’s largest creditors should take coordinated and decisive action to address the “generational challenge” of poorer nations struggling with unmanageable debt burdens, a top US Treasury official said, aiming specific criticism at China, the biggest lender to emerging markets.

US Urges Action on ‘Generational’ Debt Risks, Call Out China

(Bloomberg) -- The world’s largest creditors should take coordinated and decisive action to address the “generational challenge” of poorer nations struggling with unmanageable debt burdens, a top US Treasury official said, aiming specific criticism at China, the biggest lender to emerging...

finance.yahoo.com

In 1938, during its conflict with Japan, the ROC defaulted on its sovereign debt. After the military victory of the communists, the ROC government fled to Taiwan. The People’s Republic of China was eventually recognized internationally as the successor government of China. Under well-established international law, the “successor government” doctrine holds that the current government of China, led by the Chinese Communist Party, is responsible for repayment of the defaulted bonds.
A private group of American citizens holds a large quantity of these gold-denominated bonds. This citizen-led group, the American Bondholders Foundation (ABF), serves as trustee with power of attorney for some 20,000 bondholders, whose bonds are valued at well more than $1 trillion.

Great Britain had China pay back... BUT did the USA???
Then-U.K. Prime Minister Margaret Thatcher’s tough negotiation stance on the return of Hong Kong to China led to a British settlement agreement on these same Chinese bonds in 1987. Thatcher said that for China to have access to U.K. capital markets, it had to honor the defaulted Chinese sovereign debt held by British subjects. Faced with that stark choice, China agreed.

BUT WHAT ABOUT USA ???
Unfortunately, the U.S. failed to take such a common-sense stance.
To this day, China has had access to U.S. capital markets while openly rejecting its sovereign debt obligations(Plus $1 Trillion!) to American bondholders.
Lest anyone wonder about the age of these bonds, it is irrelevant. What matters is that this is a sovereign obligation. As recently as 2010, the German government made its last payment for reparations from World War I. In 2015 Great Britain made payments on bonds issuances that dated from the 18th century.

The Biden administration and the U.S. Congress have a unique opportunity to enforce the well-established international rule that governments must honor their debts. Like the U.K. did in 1987, the U.S. must view the repayment of China’s sovereign debt as essential to its national security interests.
In doing so, the U.S. government should undertake one or both of two actions currently being discussed by members of Congress.

China is in default on a trillion dollars in debt to US bondholders. Will the US force repayment?

Now that the relationship with China has soured and the People’s Republic of China has become the greatest adversarial threat to the U.S. and Western security, policymakers should revisit thi…

thehill.com

A private group of American citizens holds a large quantity of these gold-denominated bonds. This citizen-led group, the American Bondholders Foundation (ABF), serves as trustee with power of attorney for some 20,000 bondholders, whose bonds are valued at well more than $1 trillion.

I've seen this silly claim before.
Their math might actually be worse than yours.
I know, that hardly seems possible.

 

[tyroneweaver]

The world’s largest creditors should take coordinated and decisive action to address the “generational challenge” of poorer nations struggling with unmanageable debt burdens, a top US Treasury official said, aiming specific criticism at China, the biggest lender to emerging markets.

US Urges Action on ‘Generational’ Debt Risks, Call Out China

(Bloomberg) -- The world’s largest creditors should take coordinated and decisive action to address the “generational challenge” of poorer nations struggling with unmanageable debt burdens, a top US Treasury official said, aiming specific criticism at China, the biggest lender to emerging...

finance.yahoo.com

In 1938, during its conflict with Japan, the ROC defaulted on its sovereign debt. After the military victory of the communists, the ROC government fled to Taiwan. The People’s Republic of China was eventually recognized internationally as the successor government of China. Under well-established international law, the “successor government” doctrine holds that the current government of China, led by the Chinese Communist Party, is responsible for repayment of the defaulted bonds.
A private group of American citizens holds a large quantity of these gold-denominated bonds. This citizen-led group, the American Bondholders Foundation (ABF), serves as trustee with power of attorney for some 20,000 bondholders, whose bonds are valued at well more than $1 trillion.

Great Britain had China pay back... BUT did the USA???
Then-U.K. Prime Minister Margaret Thatcher’s tough negotiation stance on the return of Hong Kong to China led to a British settlement agreement on these same Chinese bonds in 1987. Thatcher said that for China to have access to U.K. capital markets, it had to honor the defaulted Chinese sovereign debt held by British subjects. Faced with that stark choice, China agreed.

BUT WHAT ABOUT USA ???
Unfortunately, the U.S. failed to take such a common-sense stance.
To this day, China has had access to U.S. capital markets while openly rejecting its sovereign debt obligations(Plus $1 Trillion!) to American bondholders.
Lest anyone wonder about the age of these bonds, it is irrelevant. What matters is that this is a sovereign obligation. As recently as 2010, the German government made its last payment for reparations from World War I. In 2015 Great Britain made payments on bonds issuances that dated from the 18th century.

The Biden administration and the U.S. Congress have a unique opportunity to enforce the well-established international rule that governments must honor their debts. Like the U.K. did in 1987, the U.S. must view the repayment of China’s sovereign debt as essential to its national security interests.
In doing so, the U.S. government should undertake one or both of two actions currently being discussed by members of Congress.

China is in default on a trillion dollars in debt to US bondholders. Will the US force repayment?

Now that the relationship with China has soured and the People’s Republic of China has become the greatest adversarial threat to the U.S. and Western security, policymakers should revisit thi…

thehill.com

There's an old Vulcan proverb. " Only Nixon can go to China."

 

[lennypartiv]

China is not in great financial shape.

---China's Hidden-Debt Problem Laid Bare in Zunyi City's Half-Finished Roads, Empty Flats--

China's Hidden-Debt Problem Laid Bare in Zunyi City's Half-Finished Roads, Empty Flats

A city in one of China’s poorest provinces is awash in half-built roads and apartment blocks, symbolic of the mounting debt crisis facing municipalities around the country after years of stimulus-fueled growth.

www.bloomberg.com

---China's Great Wall of Debt---

China's Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle

www.wilsoncenter.org

---Unforgettable Photos Of China’s Uninhabited Ghost Cities---

Inside The Ghost Cities Of China That Feel Like An Eerie, Futuristic Dystopia

China's rapid urbanization has backfired, leaving behind enormous — and uninhabited — cities.

allthatsinteresting.com

 

[healthmyths]

A private group of American citizens holds a large quantity of these gold-denominated bonds. This citizen-led group, the American Bondholders Foundation (ABF), serves as trustee with power of attorney for some 20,000 bondholders, whose bonds are valued at well more than $1 trillion.

I've seen this silly claim before.
Their math might actually be worse than yours.
I know, that hardly seems possible.

So where is your proof the math is wrong? Besides wheather the number is $999,999,999 or $1,000,000,000,001 is not the point which obviously goes way above your IQ!

 

[22lcidw]

The UK had leverage, in that China wanted Hong Kong back.

We don't really have leverage to get Beijing to honor Chiang Kai-shek's old debts.

When it comes to those debts, they really do not go away and they cause massive misery. From five hundred years ago, there are debts. Paying off loans is massive. A reason for the wars and deaths of many people.

 

[Toddsterpatriot]

So where is your proof the math is wrong? Besides wheather the number is $999,999,999 or $1,000,000,000,001 is not the point which obviously goes way above your IQ!

Post their calculation. I'll be glad to disprove it.