Frozen indefinitely is as good as cancelled.
When you is US govt, yes you can.
You still don't get it. People buy US bonds because they are safest way to hold value while retaining liquidity. That does not stop US from freezing bonds held by a terrorist organization indefinitely.
That new money has liabilities.
So your plan is to declare Chinese Political Party CCP a terrorist organization and don't pay State of China for bonds they hold.
IF they need they can. No one else can. They have done it before in 2008. To buy MBS from banks and put liquidity in banks.
Thats one possibility. I am sure folks in US treasury can come up with even better ways.
WTF! Indian railways cann't even route trains! Had it been any other time it would have been a joke. But in this situation, it is too tragic.
How will the US become a pariah when China started the pandemic? The UK and Canada will likely follow suit to account for their losses. This is not confiscation, it's compensation. The US also own all the credit ratings agencies.
Spies
Thats exciting, if they are reading this they can contact me via DM. Atleast something adventurous in lockdown.
It's undeniable that state government has acted very casually and, if you allow me, very criminally but his reasoning is not very strong in my personal opinion. I fear Mumbai is bound to loose in big way in coming future, I am certain of that because of high density of population, including but not limited to slums. Whenever any man-made or natural calamity hits region, Mumbai doesn't have a escape route.
I heard something like that but not sure what is barred exactly.
This clusterfuek is happening due to middle section of railways management (and I mean ops team here if somebody else understand these nitty gritty) going haywire and by the time things get noticed by top management, it's already beyond control. Another insider thing, there is a turf & rights tussle going on, hence the results coming out in open during crisis situation. Nobody seems to have picked up this from top nor central authorities looking into the concerns.
My post was about people dying of hunger, late or early doesn't matter much to me.
Many people are making long journey from north to central and east India and from western India to central, north, east India. It's definitely taking toll on people, kids are facing bad condition plus this extreme heatwave of north currently. Yesterday in Allahabad it was 46.3. My native place Varanasi always hovers around 45 for many days until western disturbance hits. I am advising everybody to stay put where ever they are and try to reach out to local political and seva workers for help. Travelling in present condition is not only risky due to COVID-19 but also bad from health point of view as most trains are running without AC.
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They have the guarantee that the US has never done it to anyone who didn't start a global pandemic. If you start a global pandemic, it's no longer your money, it's compensation.Spies
Anyway I am not taking anyone's side, I am telling you that it doesn't work that way. If US 'cancel' China's debt what guarantee others have that you won't run away with their money? RBI has bought US Bonds, how do we know US won't run away with our money?
It will start a domino that US won't be able to handle.
