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Japan lost $1.75 billion in Cuba

Discussion in 'News & Current Events' started by church mouse guy, Sep 26, 2016.

  1. church mouse guy

    church mouse guy Well-Known Member
    Site Supporter

    May 23, 2002
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    It is in the news that Japan is forgiving $1.75 billion dollars in loans to Cuba. Curiously, Japan lent money to Cuba after the collapse of the Soviet Union, perhaps to buy help against North Korea. The mission was sort of a failure as Cuba smuggled 240 tons of military equipment to North Korea in 2013. Japan is in a difficult military position with the American world-wide military pullback and the increasing Chinese aggression against Japan and the North Korea missile launces in Japan's direction.

    Japan's hopes seem misplaced since Cuba will support her communist friend North Korea no matter what. On the other hand, forgiving the debt seems sensible since it will never be paid anyway.

    The Bolivarian nations of Cuba, Venezuela, Ecuador, Bolivia, and Nicaragua are all socialist/communist dictatorships with strong ties to Russia, China, Iran, and North Korea. It was recently reported that China lost $60 billion in bad debt to Venezuela.

    In this country, companies such as Cargill are trying to force the federal government to guarantee tax money loans to finance agricultural sales to Cuba--everyone knowing that Cuba will never pay but the American taxpayer will pay for Cargill's profits.