Posted on 04/25/2020 2:28:52 PM PDT by RomanSoldier19
Scores of people around the world continue to be infected and get sick from the coronavirus.
Health authorities are still focusing on ensuring no more people contract the potentially deadly disease, however, lawyers are starting to point their fingers in China's direction for being at the centre of the outbreak.
One law firm has launched a class action lawsuit against the country that's worth USD$6 trillion.
(Excerpt) Read more at ladbible.com ...
The Treaty of Versailles (signed in 1919) and the 1921 London Schedule of Payments required Germany to pay 132 billion gold marks (US$33 billion) in reparations to cover civilian damage caused during the war
Adjusted for inflation, $33,000,000,000.00 in 1930 is equal to $493,031,511,627.91 in 2020. Annual inflation over this period was 3.05%.
Yeah, good luck with that.
China is holding over 1 trillion in our debt, it wouldn’t be a total settlement but it would be a nice down payment if we just nationalized it
Good lucky.
33% attorneys fees sound good for that. And what will each member of class get while the lawyers take 2T— a happy meal. Trial lawyers see by and large scum. Mass tort lawyers are the mold on the scum on the turd.
YES!!! And Nationalize anything else the Chinese own in the US!
BFD..Kinda like blood from a rock theory
That would be a good start towards getting the chicom’s attention.
A trillion here and a trillion there and soon enough China will pay attention. All affected nations should get together and sue China for 100 trillion dollars
Read the fine print. The payment won’t be in cash. It will be in cooks and houseboys like Hop Sing, the guy from Bachelor Father and Mrs. Livinigston in the Courtship of Eddie’s Father.
Good luck with that one. They have about as much likelihood of recovering anything as if they sued The last bum on skid row.
You crazy. They don’t care about this.
If we defaulted to “get even,” no non-US entity would ever buy a US bond again.
Better call Saul!
Sure they would, when compared to the rest of the world, even if we nationalized China’s debt, we would still have the world’s reserve currency and largest economy
Canceling our debt and confiscating all American real estate owned by anyone chinese would be a nice gesture. Plus a 300% tariff on any goods coming into the country.
IIRC, Hop Sing was the cook in Bonanza.
.
Since all companies in Chi-Com land are effectively OWNED by the Government there, ALL RED CHINESE GOODS COMING INTO THE US could be SEIZED in lieu of payment when the court finds the Chinese Government GUILTY of perpetrating the Pandemic and all the damages done to The US and require compensation.
THAT would give this legal action TEETH.
.
Hmmm. Let’s identify some threshold problems that suggests themselves: first, despite Sen Cotton’s proposal, no statute has been passed granting standing, ie abrogating sovereign immunity. Negligence? Duty element cannot be established. Other torts? Given the low mortality rate, not legally foreseeable that governments would choose to bankrupt tens of millions in light of the level of risk. Nice publicity stunt for the law firm. Not going anywhere.
PS: as appealing as defaulting in the debt to the Chinese is, I think it would end up causing a hot war, especially since debtor nations across the world would no doubt follow suit. The Chinese are a bit more focused and determined than the West. I don’t see them taking that lying down
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.