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Monday, May 21, 2012

China owes us a trillion dollars?

1 comment:

  1. My name is Marvin L. Morris Jr. I have Chinese Government 5% Reorganisation Gold Loan of 1913 for sale. This historical documents has been discuss by the United States Congress in the 110th session (H.R.1179, S.Con. Res. 78, H. Con. Res. 160) and also a lawsuit was filed in 2005 ( http://www.globalsecuritieswatch.org/civil_complaint.pdf ). For more call me at 302-344-8368 or email mmorris728@aol.com. These bonds have been discussed to use against any debt that a country or a company has a debt with The People’s Republic of China. The People’s Republic of China has paid British Citizens for these same bonds but refuse to pay American Citizens because our Government has not force them to because of the debt they carry with China and the influence China has concerning North Korea, Iran and Russia. When the Saddam Regime was overthrown, the People’s Republic of China was the first country to claim to the United States that they want the entire debt pay to them that Iraq owed them. One of The People’s Republc of China main arguments in court was that they had a Regime Change in 1949 and the new Government was not responsible for that debt, which isn’t true by international law.

    “ Under established conventions of international law, a successor government is responsible for payment of

    the sovereign obligations of a predecessor government. In fact, the language which appears on the bond

    certificates which are the subject Marvin L. Morris collection action explicitly states: “These obligations are

    intended to be binding upon the Government of China and any Successor Government”.



    The Credit Rating Agencies have ignored this debt because Countries pay the credit rating agencies for ratings. They have downgraded Countries recently on the fear of a default but what about The Peoples Republic of China whom has defaulted on these bonds and has selected which group of bondholders they are willing to pay. The World economy would accept this major injection of funds to generate spending and boost the confidence of the people.

    http://www.globalsecuritieswatch.org/S&P.pdf



    I ask any Country or Company that owes The People’s Republic of China or its State Own Enterprise a debt to consider using these historical bonds as payment to contact me at 302-344-8368 or mmorris728@aol.com. Remember that The Chinese Government Reorganization Gold Loan Bonds of 1913 (the “Bonds") were issued as full faith and credit obligations of the Chinese Government. A substantial number of the Bonds are held by United States citizen bondholders which constitute a valid claim under existing international law. These bonds were countersigned by HSBC, Deutsche Bank and others. This Bond offering had a Sinking Fund that was in place by each bank in case of a Default

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