Bianco: This just isn’t a bondholder issue. This is an American issue

Chairwoman of the American Bondholders Foundation, Jonna Bianco answered the questions from Neil Cavuto on Fox. Jonna emphasized that ABF represents is actual sovereign debt. No different than the US Treasury are government issue long-term debt 20, 30, 40, 60-year debt. These bonds expired, they defaulted actually, and were due to mature in 1960. And China has been sipping the American people ever since. As the President says he expects reciprocity and hold China accountable, Americans pay their bills we expect China to do the same. And stop sipping the American people. The successor government doctrine is well-established. These bonds defaulted in 1938. In 1987 Margaret Thatcher made it clear to the PRC. You’re not going to take any more money from our people. And you’re going to pay the bonds that are in default. And so China pay those bonds to Great Britain. American taxpayers pay their taxes. Their taxes go to pay interest payments on Chinese-held Treasury. Why can’t China be paid with their own paper? And save the American tax dollars. This just isn’t a bondholder issue. This is an American issue.

Source: China owes US bondholders $1.6T in century-old bond debt

Translation:【Freela】 Proofreading:【Winston Jackson】 Subtitle:【Freela】

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May. 18, 2020