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FLASHBACK May 14 2020
https://www.freerepublic.com/focus/f-news/3844929/posts
$1.6T in century-old Chinese bonds offer Trump unique leverage against Beijing
Fox Business ^ | May 14 2020 | Jonathan Garber
Posted on 5/14/2020, 1:51:36 PM by knighthawk
As the Trump administration seeks ways to penalize China for its handling of the COVID-19 pandemic, it need look no further than Tennessee.
The Lewisburg, Tennessee-based American Bondholder Foundation holds $1.6 trillion of century-old Chinese debt, including interest, dating to before the founding of the communist Peoples Republic of China, that it wants the administration’s help in redeeming. There is an estimated $6 trillion or more of the debt outstanding worldwide.
The bonds were issued by the Republic of China — which ousted the imperial government in a coup — as far back as 1912 and backed by gold; they were defaulted on in 1938. The ROC government fled to Taiwan, where it remains the official ruling body, after Mao Zedongs communist party took over following the 1949 end of the revolution.
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We are no longer a two party system. Since one of the parties has made it their mission to utterly destroy the other party by the rules or rules be damned, I declare the two party system DEAD until the enemy can be defeated in detail and with extreme prejudice.