The Real Craptastic Piece of Bulldozer BS is the Trillion Dollar Debt China is Hiding!

The host of this video, Rile O'Billy, goes on an emotional rant about a topic that is frequently disregarded: China's default on a trillion-dollar loan to U.S. bondholders. The host adds that this debt is derived from gold-denominated bonds that were issued by the Republic of China prior to 1949 and used to finance government expenditures and infrastructure. However, they made a default on this loan during their fight with Japan in 1938, and the current Chinese government is now responsible for it.

The American Bondholders Foundation, an organization of American people, has been hanging onto these bonds, but Rile is outraged that the American government has not taken any action to recoup this obligation. He contends that because the bonds are a form of sovereign obligation, their age is irrelevant.
Source Article: https://thehill.com/opinion/international/4075341-china-is-in-default-on-a-trillion-dollars-in-debt-to-us-bondholders-will-the-us-force-repayment/