BrainKing - Diskussionsforen (Politics)

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Politics

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23. Juli 2011, 07:42:50

Mort

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From what I'm reading the USA .......... OWES the UK $350 million.. We loaned it to you.

24. Juli 2011, 02:28:51

ScarletRose

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(V): well the US never collected on all the War Loans (WWI, WWII) we loaned out.. heck wonder what the interest would be??

24. Juli 2011, 15:53:09

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ScarletRose: The US did not just get back payments in cash, some was in durable goods, ships and equipment. The UK paid you guys back and it seems other countries did, or in some way discounted costs on exports by significant percentages.. upto 90%.

More loss to all countries were the third world loans. But they caused so much damage to the countries who were loaned to that I think most were written off. I think the loans were to give some leverage to let western companies supply the new countries therefore developing foreign markets.