Mordel's Bar & Grill
WW2 Debt paid back by England to the US and Canada
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Karagin
Imperial Karagin Army
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PostPosted: 30-Dec-2006 22:53    Post subject: WW2 Debt paid back by England to the US and Canada Reply to topic Reply with quote

I did not know they were making these payments....

http://news.bbc.co.uk/2/hi/uk_news/6215847.stm

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Karagin
Only the dead have seen the end of war. - Plato

"Wasted trip Man. Nobody said nuthin' about lockin' horns with no tigers." Oddball
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Sir Henry
Team Bansai
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PostPosted: 01-Jan-2007 15:37    Post subject: RE: WW2 Debt paid back by England to the US and Canada Reply to topic Reply with quote

Wow, someone who actually pays back a loan!!!!!



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Sir Henry

A Dragon in the disguise of a bunny, is still a Dragon.
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Alexander
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PostPosted: 03-Jan-2007 08:48    Post subject: RE: WW2 Debt paid back by England to the US and Canada Reply to topic Reply with quote

Wow, I need to get invaded so I can borrow money from the government at 2% interest...

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SaberDance
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PostPosted: 05-Jan-2007 20:49    Post subject: RE: WW2 Debt paid back by England to the US and Canada Reply to topic Reply with quote

(puts on his public budgeting and financing hat)

Repaying a loan from the gov. isn't that uncommon. The length of the loan is (most loans are for 20 years, not 60).
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SaberDance
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PostPosted: 05-Jan-2007 20:50    Post subject: RE: WW2 Debt paid back by England to the US and Canada Reply to topic Reply with quote

I should note that this is not true of poor countries like most of Africa or South America, but their problems run deeper than buying war materials from other Western countries.

Story for another time.
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