China debt?

This really confuses me,whats really going on?conservativepaper... s.com/news/2012/04/28/chinese-debt-owed-to-americans-and-its-failed-obligations/#.T_AJfJEy7GF

Written on April 28, 2012 at 12:38 pm by alpineski Chinese Debt Owed to Americans and it’s Failed Obligations Filed under Financial no comments 3 Share on delicious Share on stumbleupon Share on email Share on print Share on raiseyourvoice Act Now! From 1900 to 1940, the Chinese Government issued millions of dollars in sovereign debt – most notably, a large tranche of £25,000,000 issued at 5% in 1913 set to mature in 1960. This massive bond funded the modernization of China’s infrastructure and was widely acquired at the time by governments, banks, and investors across the globe. However, in 1938 China defaulted on its “binding engagement upon the Government of the Republic of China and its Successors,” leaving millions of global creditors unpaid. In accordance with the terms of the bond, successor government doctrine, and accounting standards, the United States can and should hold China accountable to its obligations.

....find the link,Ikeep getting shut down

Can any one vouch for this?Has this been withheld


....good call on the melt down mod
...So all these years we have been duped into debt...canadas next...who wants to marry for healthy reasons

looking into it

France should hold the US liable for massive loans used to fund the American Revolution the US defaulted on, the many US states that defaulted on loans made to them by the British during the civil war, the US breaking dozens of treaties signed with sovereign Indian nations throughout its history.

Im sorry, but none of that made sense, other than pointing out that in the past some countries have not paid their debts.

How do you get to the conclusion of being duped into debt?

reply to post by JackMack


Aaahhhh, did you conveniently forget about WWI and WWII where we saved France's ass? If not for the US, sie würden Deutsch sprechen.

I think you are missing some of the history involved in your post. Over the last 2 decades, China has paid the price for their failed restructuring. The Chinese currency was much higher in the 80's (when they defaulted on their debts). Back in the late 80's and early 90's, most people were making less than 100rmb per month, but at the same time, prices were much lower. Now, the average worker in China earns about 2500rmb per month, and that is still peanuts compared to the minimum wage of western countries. Prices have inflated through the roof, but salaries have not raised enough to match the inflation. Many people invested their money in real estate, trying to preserve their earnings in something that holds proportional value to the market, however, it is still just a gigantic bubble, and one day that will collapse just like the Chinese currency did. When the real estate bubble bursts, the banks will be left holding the bill, and the people will be in debt to the banks because they do not have enough nor earn enough to pay the banks back fast enough to cover their houses and apartments. The consequences of having to deflate the currency was transferring the debt from cash to housing, but that does not get rid of the problem. A collapse will actually level the playing field again since most of the rich people in China have their wealth tied up in real estate, and they are the ones who will feel it the most.