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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (109182)	8/1/2003 3:47:55 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 281500

<International law says that the debts of an extinct state devolve onto the successor state.> Well Carl, that stupid law can go in the New UN Reconstitution Conference. Anyway, the idea of International Law is so pathetic at present that it has little validity. Thanks for the links. So, if Hitler's crowd borrowed a few hundred million $$ from USA banks to produce a lot of tanks and to build some concentration camps and extermination centres, then the Jewish survivors should repay those debts. Yep, that makes good sense. I can see why that law should be enforced.... sarcasm... What is it with lawyers to come up with dumb ideas like a third party is liable for the debts agreed between others? The underlying problem is collectivism and individuals being treated as being nothing but serfs of the state. Sheeple to be fleeced then roasted for dinner for the benefit of the rulers of the state and their supporters. It's time for a change of state as part of the New UN [NUN] Reconstitution Conference. Lenders had better ensure there's some creditworthiness in those they lend to and had better not lend more than is repayable. States are inherently a bad credit risk because they last only as long as they are wanted by their citizens or, in the case of dictators, only as long as they can maintain power. Democracies are just dictatorships of the majority, so their borrowing powers should be circumscribed too. Down with bad debts. NUN rulz ok. Mqurice PS: Similarly Uday's, Saddam's and co's victims' relatives shouldn't be liable to Russia, or France or supplying companies for the debts incurred to build palaces, pay the army and stash it away in Swiss banks. New Zealand companies stupidly delivered dairy products on credit. Bad luck for such foolish suppliers [if the credit was given to now extinct states - USSR and Iraq]. They should have got cash before delivery if they didn't want to carry the risk.