Argentina has "bankrupted" many times, defaulted their bonds many times like you've mentioned, so that makes "claim on asset" stronger as per your argument?
It is relative. It is only stronger than being an equity owner of "Argentina enterprise". Even that is pretty weak given its history of loan defaults. Yet, you are touting of being an even weaker owner.
First of all, equity itself literally means ownership of assets (net assets), how does that become "weaker" in claim than a loan which is a credit vehicle?
As I said, learn the bankruptcy proceeding.
As I said, Argentina has "bankrupted" many times, defaulted their bonds many times like you've mentioned, so how does that make its "claim on asset" stronger as per your argument?As I said, learn the bankruptcy proceeding.
their debt is to china and they will be nuked back.
I will stop this conversation now. The more talk would only reveal more of your ignorance, which doesn't really make you look good.
Ignore the nuke nonsense. US can always print more money to cover its debts. It is far more peaceful than nukes.
I will stop this conversation now. The more talk would only reveal more of your ignorance, which doesn't really make you look good.
Let's carry on, why evade the illiterate statement you have proclaimed?
They have large lithium and zinc mines coming online. Debt to China will be paid in minerals.
Only when they want to pay. If they say to China: get lost, what are you gonna do? International loans are good ways to pull political favors but for economic benefits, it is better to have your marines backing it up.
Give me an example that sanctions worked on loan defaults.
What? And choke on the mineral they don't have the capacity to process? Argentina won't do that.
I think if China government ships the raw material all the way back to China and processes it there, Argentina would be more than happy.
