Bita: I listen to a non currency call that the Banks of England and Ireland are temporary closed. Hmmmmm I wonder why?
Clotheshorse: things that make you go hmmmm!
Bita: ClothesHorse, I wonder why? Hoping getting ready for the GCR. It has started
Ulued: The whole world waits for GCR…tic ..tic..tic..tic tok
Yada: ulued, it is becoming more clear how the “GCR” will take effect. Even though all countries are not equipped to just change their currencies, they will be able to trade their currencies with the dinar on the forex, hence, their values will grow. The past 10 days or so, the sharks and whales have been trading with Iraq and Iraq has used their currency so they will have greater reserves as well as the other country’s reserves increase because of the dinar.
Cyndisaintsfan: Frank doesn’t believe in 800 #s
Yada: Regardless, and the main thing is the main thing, Franks believes the rate is released.
Bita: yada the GCR has started it is a sloooow roll out heard that also
Clotheshorse: I wish for this GCR to step on the gas!!!!! LOL Slow roll is for the birds!
DrBob: Business week starts Sunday in Iraq….. Tonight could be very interesting
JCNC: Want to learn about Ancient Chinese Bonds? Check this article out.
$1.6T in century-old Chinese bonds offer Trump unique leverage against Beijing
‘Americans pay their debts. China needs to do the same’
Published May 14
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 People’s 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 Zedong’s communist party took over following the 1949 end of the revolution.
Beijing maintains Taiwan is part of China, and under international law, successor governments are responsible for the debts of their predecessors.
President Trump is a “’promises made, promises kept’ president, and he said to my face that he was going to do this transaction, do this deal, and hold China accountable,” Jonna Bianco, president and chairwoman of the American Bondholder Foundation, told FOX Business.
Bianco, who has power of attorney for 95 percent of the thousands of U.S. bondholders, said making China repay its debt would “not be punishment,” but rather a basic fundamental of international finance.
Read full article here: https://www.foxbusiness.com/markets/historic-chinese-bonds-trump-leverage-beijing