Free Republic

Russia's failure to pay $1.9 million in accrued interest on a dollar bond will trigger payouts potentially worth billions of dollars, a panel of investors determined on Wednesday, as the country teeters on its first major external debt default in over a century.

The Obama administration is looking favorably at the plan by a Chinese economist to collateralize China’s enormous US debt with a huge swath of America’s Heartland which is, coincidentally, populated by a Conservative voting bloc. Our valuable real estate, infrastructure and profitable corporations, all in RED STATE territories, are now under the evil gaze of liberal operatives whose hatred for any and all things American is exceeded only by their greed and globalist nature. “Yu Qiao, a professor of economics in the School of Public Policy and Management at Tsighua University in Beijing proposed in 2009 the plan for the...

THE PROBLEM: 1. China has defaulted on much of its 1912‐1941 debt to US citizens and the government. 2. China settled the same debts with Great Britain in 1987. 3. In an era when our debt to the Chinese is at historic highs, why has the US government not brought the Chinese to the table in a constructive fashion in order to resolve its outstanding debt? THE DOUBLE STANDARD:

Pakistan received $656 million in security funds from the United States as authorities probed links between the country and the confessed Times Square bomber. According to Dawn newspaper, the U.S. embassy in Islamabad transferred $188 million to Pakistan's central bank last week and the remaining $468 million on Monday. The coalition-support funds compensate Pakistan for counterterrorim and counterinsurgency operations. Faisal Shahzad, a Connecticut resident and the 30-year-old son of a retired official in Pakistan's air force, was hauled off an Emirates airlines flight bound for Dubai on Monday night and charged Tuesday with attempting to detonate an SUV bomb in...