US Embassy in Cuba

[Subvet642]

Originally Posted by Habana Mike

Well, not yet though they've certainly bought a lot of debt that will come due one day.....

And by the way it's really not terribly difficult to travel to Cuba for anyone under an OFAC general license, especially now.

Glad to answer any questions on this as I've researched it fairly extensively.

Buying debt and nationalizing American banks and businesses are two very different things. The U.S. government issues bonds for people and entities to buy, legally. Nationalization is just theft. It's the communist way: steal from those who produce to pay those who don't in order to maintain dictatorial power. While China is communist too, they're not Stalinists; they want to engage with the world and conduct business by the rules. Capitalism, on the other hand, is the only moral economic system because it rewards effort, punishes sloth and demands that people conduct business voluntarily, as only a free people can.

[jledou]

Originally Posted by Subvet642

they want to engage with the world and conduct business by the rules.

Along this front I will just say that's not always the case.

[Habana Mike]

Originally Posted by Subvet642

Buying debt and nationalizing American banks and businesses are two very different things. The U.S. government issues bonds for people and entities to buy, legally. Nationalization is just theft. It's the communist way: steal from those who produce to pay those who don't in order to maintain dictatorial power. While China is communist too, they're not Stalinists; they want to engage with the world and conduct business by the rules. Capitalism, on the other hand, is the only moral economic system because it rewards effort, punishes sloth and demands that people conduct business voluntarily, as only a free people can.

True point though I was suggesting that one day it might happen.

[Subvet642]

Originally Posted by Habana Mike

True point though I was suggesting that one day it might happen.

Perhaps, but as I understand it, Britain owns more of us than the Chinese. When the time comes, I'm sure that the debt will be redeemed according to our rules so I'm not too worried.

[Habana Mike]

Originally Posted by Subvet642

Perhaps, but as I understand it, Britain owns more of us than the Chinese. When the time comes, I'm sure that the debt will be redeemed according to our rules so I'm not too worried.

The point above was not about the debt but rather whether nationalization ever happens after the US heavily invests and thousands of companies sets up shop over there, who knows?