Quote:
Originally Posted by Pete F.
I insist that the guy negotiating for me not be beholden to the organization I'm negotiating with.
Nothing strange about that, just a little due diligence, that's always avoided by a con artist.
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Insist all you want, but if the organization as a whole owes over a trillion dollars to the organization it is bargaining with, the debtor nation is in a whole lot of hurt, regardless of who its leader is and how much that leader owes. China can call in payment for the debt in either case. Trump has way more in assets than it owes China. He can sell enough to pay his debt which is due in a couple of years, still have enough left to be super wealthy and continue to make profits from the businesses his family owns, as well as having a very lucrative pension from the US government. The US has to borrow to pay debt, unless its willing to sell the federal land that it owns--which probably would not happen. It would have to "print" that money causing it to be worth less as well as how much less it's value is already losing due to the trillions borrowed to float us through the pandemic.
What the leader can do in a case where the debtor country has been far more economically damaged by its creditor than the amount it owes to it, is relinquish its debt to that creditor as partial payment for the damage that creditor has caused. And, it can feasibly relinquish the debt that its citizens owe to that creditor to make up for the balance owed to itself.
China is in a bad way regarding the damage it's caused by carelessly or deliberately letting the virus spread outside its borders. I would applaud Trump if he demanded reparations from China.