GOP Rep. joins Senate push to recoup $1.6T in century-old Chinese debt
Rep. Mark Green, R-Tenn., has introduced a resolution calling on China to repay more than $1.6 trillion, including interest, owed to U.S. holders of sovereign debt that predates the Communist Party’s government.
The House resolution follows a similar measure introduced last week by Sen. Martha McSally, R-Ariz., and co-sponsored by Sen. Marsha Blackburn, R-Tenn. A resolution expresses the will of members of Congress without the force of law; action on the matter would have to be taken by the Trump administration.
Green's office did not immediately respond to FOX Business' request for comment.
The resolutions in both chambers of Congress are "sending a message to the president, 'We support you, President Trump, in holding China accountable,'” said American Bondholder Foundation President Jonna Bianco, who has power of attorney for 95% of the thousands of U.S. bondholders. “That's what the American people expect. That's what they want." The bonds, backed by gold, were issued by the Republic of China as early as 1912 before that government’s leaders fled to Taiwan at the end of Chairman Mao Zedong’s revolution in 1949.
Beijing has long maintained that Taiwan is part of China, and under international law, successor governments are responsible for the debts of their predecessors.
Former Chinese President Li Xiannian reached a settlement of 23.5 million British pounds with then-British Prime Minister Margaret Thatcher in 1987 after she demanded Beijing pay Brits for their holdings or be shut out from her country's capital markets. By paying some bondholders and not others, Beijing is technically in selective default on its debt, according to the ratings of bond-risk firms Moody’s, Standard & Poors and Fitch. The Chinese Communist Party cannot access the international debt market until it pays the remaining holders.
Green's resolution comes less than a week after Trump canceled talks that were scheduled for this past Saturday to discuss the progress of an initial trade agreement with President Xi Jinping's government signed in January.
https://www.foxbusiness.com/markets/china-debt-resolution-rep-mark-green
this been going on for a long time and recently starting to get moar traction in MSM and other outlets
Another negotiation tool that POTUS has when the bill for the chinavirus comes due
CLUB22 USAF E-4B Nightwatch es from Offutt AFB, Omaha to JBA
The E-4B serves as the National Airborne Operations Center and is a key component of the National Military Command System for the President, the Secretary of Defense and the Joint Chiefs of Staff. In case of national emergency or destruction of ground command and control centers, the aircraft provides a highly survivable command, control and communications center to direct U.S. forces, execute emergency war orders and coordinate actions by civil authorities. The conduct of E-4B operations encompasses all phases of the threat spectrum. Additionally, the E-4B provides outside the continental United States travel support for the Secretary of Defense and his staff to ensure Title 10 command and control connectivity. he E-4B, a militarized version of the Boeing 747-200, is a four-engine, swept-wing, long-range high-altitude airplane capable of refueling in flight. The main deck is divided into six functional areas: a command work area, conference room, briefing room, an operations team work area, communications area and rest area. An E-4B may include seating for up to 112 people, including a joint-service operations team, Air Force flight crew, maintenance and security component, communications team and selected augmentees.
The E-4B is protected against the effects of electromagnetic pulse and has an electrical system designed to support advanced electronics and a wide variety of communications equipment. An advanced satellite communications system provides worldwide communication for senior leaders through the airborne operations center. Other improvements include nuclear and thermal effects shielding, acoustic control, an improved technical control facility and an upgraded air-conditioning system for cooling electrical components.
To provide direct support to the President, the Secretary of Defense, and the JCS, at least one E-4B NAOC is always on 24-hour alert, 7-days a week, with a global watch team at one of many selected bases throughout the world.
In addition to its national and NC2 mission, the E-4B provides support to the Federal Emergency Management Agency, which provides communications and command center capability to relief efforts following natural disasters, such as hurricanes and earthquakes.
Air Force Global Strike Command is the Air Force single-resource manager for the E-4B, and provides aircrew, maintenance, security and communications support. E-4B operations are directed by the JCS and executed through U.S. Strategic Command. USSTRATCOM also provides personnel for the joint airborne operations center battle staff.
https://www.af.mil/About-Us/Fact-Sheets/Display/Article/104503/e-4b/