Sat Mar 23, 2024 11:33 pm by globalturbo
I came across this article today and well either all the old bonds are no longer worth anything, are not original gold-backed or is the bank unwilling to exchange them??
Reguardless looks like they are making stream news and brings into consideration that if they are worthless what is ZAP going to be exchanging and why do they need a company to deal in worthless old bonds??
Bonds are debt, debts bought and distributed by bonds of countries. Bridgette
[size=34]Trump targets China’s century-old debt in latest trade war maneuver – report[/size]
The Trump administration may be eyeing long-defaulted Chinese bonds as a weapon in its ongoing trade war with Beijing, according to people who hold the antique debt and say they’ve met with the president to discuss it.
Trump’s top trade warriors are “studying” the possibility of calling in century-old debts incurred by China before the nation went communist, according to a Bloomberg report published on Thursday. China doesn’t recognize the debt, of course, and decades of attempts to collect by owners of the aging bonds (which sell on eBay as collectors’ items) have amounted to naught, but with a full-blown economic battle between Washington and Beijing raging, desperate times may call for desperate measures.
read more: https://www.rt.com/usa/467593-trump-china-antique-debt-bonds/
Reguardless looks like they are making stream news and brings into consideration that if they are worthless what is ZAP going to be exchanging and why do they need a company to deal in worthless old bonds??
Bonds are debt, debts bought and distributed by bonds of countries. Bridgette
[size=34]Trump targets China’s century-old debt in latest trade war maneuver – report[/size]
The Trump administration may be eyeing long-defaulted Chinese bonds as a weapon in its ongoing trade war with Beijing, according to people who hold the antique debt and say they’ve met with the president to discuss it.
Trump’s top trade warriors are “studying” the possibility of calling in century-old debts incurred by China before the nation went communist, according to a Bloomberg report published on Thursday. China doesn’t recognize the debt, of course, and decades of attempts to collect by owners of the aging bonds (which sell on eBay as collectors’ items) have amounted to naught, but with a full-blown economic battle between Washington and Beijing raging, desperate times may call for desperate measures.
read more: https://www.rt.com/usa/467593-trump-china-antique-debt-bonds/
