China’s Debt to the U.S.
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China’s Debt to the U.S.
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The author of this article argues the importance for America to force China to repay its debts. At the same time, the U.S. owes China $870 billion. Intercessors, what do you think?
Analysis from The Hill. Every country should pay its sovereign debt. Default, we are told, is not an option. But has anyone told China?
Join others crying out to the Lord day and night.
The United States pays interest on approximately $850 billion in debt held by the People’s Republic of China. China, however, is currently in default on its sovereign debt held by American bondholders. …
Before 1949, the government of the Republic of China (ROC) issued a large volume of long-term sovereign gold-denominated bonds, secured by Chinese tax revenues, to private investors and governments for the construction of infrastructure and financing of governmental activities. Put simply, the China we know today would not have been possible absent these bond offerings. …
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. …
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First the biden regime has to be removed as the biggest obstacle to America gaining any type of progress or leverage in relation to anything having to do with China – they-biden- are only intetested in prospering China.
Lord please have mercy on us in America as we struggle to extract ourselves out from under this curse.. just the same way that you blessed Abraham and allowed him to be extracted out from under the curse ,. let us flee the same way, and be healed and restore us- in Jesus mighty name-, amen
THIS IS GREAT NEWS! Shouldn’t we push our Senators and Representatives to initiate action and when is the best timing? Dear Father, give our leaders wisdom on how to proceed with paying our debt to China, as well as our nation’s fiscal structure being protected. In Jesus’ Name, amen and amen.
This information about the ABF is not generally a know fact, and I am glad that it is coming out. As long as the Americans holding these bonds are properly compensated for their original expenditure (taking into consideration inflation and all), I agree it would be a good idea to use this trillion dollar investment to offset our national debt towards China. It should not, however, be an even exchange.
The question on everyone’s mind though is, how will America buy off these investments, an amount larger that our debt to China? If we can afforde to do this, why haven’t we already paid our debt of $870 million to them, which is a smaller amount than the over a trillion it would take to compensate the present owners of said bonds?
And there lies the conundrum we are in.
Sincerely,
Gloria Heitzman