Warning

 

Close

Confirm Action

Are you sure you wish to do this?

Confirm Cancel
Member Login

Site Notices
1/22/2020 12:12:56 PM
Posted: 1/2/2007 9:58:04 AM EST
[Last Edit: 1/2/2007 9:58:49 AM EST by vito113]
Britain has paid back the last installment of Lend-Lease and loans from WWII this week. No cancellations of the debt like the other Allies negotiated or just plain didn't pay back, every single penny was paid back in full with interest.


So it just remains to say…

Thank you USA and thank you Canada, we really couldn't have done it without you…

ANdy


Britain finally pays off wartime Allies

By AP


LONDON -- Britain has paid the last installment on its World War II-era debt to Canada and the U.S., making a final $100 million US in payments yesterday to the wartime Allies.

Britain was left with a debt of $4.3 billion US to the U.S. and $1.2 billion US to Canada more than 60 years ago when London took out loans to finance reconstruction. Annual payments on the loans, at 2% interest, have since totalled nearly $10 billion.

'VITAL SUPPORT'

"This week, we finally honour in full our commitments to the U.S. and Canada for the support they gave us 60 years ago," Economic Secretary Ed Balls said. "It was vital support which helped Britain defeat Nazi Germany and secure peace and prosperity in the postwar period."

Most American assistance came through the Lend-Lease program -- nearly $27 billion in equipment, food, weapons and fuel. When the program ended in 1945, Britain took out loans for reconstruction and agreed to repay the money over 50 years, but the loan's terms allowed deferred payments due to economic conditions.


The total amount borrowed is equivalent to about $60 billion US in today's purchasing power.
Link Posted: 1/2/2007 10:00:50 AM EST
Thank you.
Link Posted: 1/2/2007 10:01:53 AM EST
They pay off thier debt. But everytime we give Druka-Drukastan money they hate us and we forgive thier debt
Link Posted: 1/2/2007 10:02:06 AM EST
Heres whats sad, part of that was to make sure every able bodied male citizen was armed in case of invasion, now firearms are virtually outlawed there
Link Posted: 1/2/2007 10:02:49 AM EST
IIRC, that makes the UK and Finland the only two countries that paid in full.
Link Posted: 1/2/2007 10:04:56 AM EST
Thanks, Britain, for not being dead-beats!
Link Posted: 1/2/2007 10:07:28 AM EST
Your welcome!
Link Posted: 1/2/2007 10:07:35 AM EST
My respect for the british keeps growing.

execpt their socialist anti-gun government..
Link Posted: 1/2/2007 10:08:48 AM EST
Link Posted: 1/2/2007 10:09:51 AM EST
fucking France should pay the USA back also.
Link Posted: 1/2/2007 10:09:51 AM EST
[Last Edit: 1/2/2007 10:23:53 AM EST by Duffy]
Good for you Brits

"Obviously, Britain was being strangled, and just as it began gasping for supplies, it found that it had no more money to buy them. Up until November 1940, Britain had paid for everyting it received from America. In all, $4.5 billion had be disbursed and Britain had but $2 billion remaining, most of which was invested. Even if the country divested iself of all its gold and foreign assets, it could not hope to pay for more than one twenieth of the war material it needed.."

Pg. 203 from Delivered From Evil, by Robert Lekie, a book everyone interested in WWII history should read. Not dry like The Rise and Fall of the Third Reich either
Link Posted: 1/2/2007 10:11:01 AM EST
Wow! That's great... Someone hasn't forgotten their debts- and paid them in full.

Good on everyone around.
Link Posted: 1/2/2007 10:14:24 AM EST
It only took 60 freaking years.

GR
Link Posted: 1/2/2007 10:22:26 AM EST
Awesome.
Link Posted: 1/2/2007 10:26:47 AM EST

Originally Posted By greenranger:
It only took 60 freaking years.

GR


I'll take me 30 years just to pay off a $500K mortgage
Link Posted: 1/2/2007 10:29:04 AM EST
A Billion!!!!

"That's when a smoke was a smoke
And groovin' was groovin'"

A billion was a lot then and 2% wasn't really that cheap, more like the cost of living increase.

How much did we get from Stalin?
Link Posted: 1/2/2007 10:29:42 AM EST
good for them.

who's next to pay up?!?!


hello?


anyone?!?­!
Link Posted: 1/2/2007 10:33:10 AM EST
Of the $50 billion, about $8 billion came back in "reverse Lend-Lease," that is, food, equipment and services supplied by the Allies to American troops overseas. Of this, Britain contributed $2 billion and the Soviets nothing, the communists claimed that they had made payments in blood, implying, therefore, that they alone had bled and suggesting that they be subsidized in defending themselves.
Link Posted: 1/2/2007 10:36:22 AM EST
[Last Edit: 1/2/2007 10:38:49 AM EST by TheCanuck]
Don't thank us, thank him(and others like him):

Name: THIBAULT, GEORGES
Initials: G
Nationality: Canadian
Rank: Warrant Officer Class II (C.S.M.)
Regiment/Service: Le Regiment de Maisonneuve, R.C.I.C.
Date of Death: 08/08/1944
Service No: D/56052
Casualty Type: Commonwealth War Dead
Grave/Memorial Reference: XII. A. 13.
Cemetery: BRETTEVILLE-SUR-LAIZE CANADIAN WAR CEMETERY




Link Posted: 1/2/2007 10:37:17 AM EST
Just a friendly loan between friends. The UK is one of the few Euro's I (we) still have respect and admiration for.

Now how about that pint you guys promised?!

ETA: Would you be interrested in borrowing some illegal aliens?? Interest free? We'll forgive the loan if you take enough of them!
Link Posted: 1/2/2007 10:39:44 AM EST

Originally Posted By Duffy:
Of the $50 billion, about $8 billion came back in "reverse Lend-Lease," that is, food, equipment and services supplied by the Allies to American troops overseas. Of this, Britain contributed $2 billion and the Soviets nothing, the communists claimed that they had made payments in blood, implying, therefore, that they alone had bled and suggesting that they be subsidized in defending themselves.



True… Britain also handed over royalty and patent free all it's jet engine technology, radar technology, nuclear research and Penicillin as part of the Lend-Lease deal.

ANdy
Link Posted: 1/2/2007 10:50:24 AM EST

Originally Posted By RED_5:
good for them.

who's next to pay up?!?!


hello?


anyone?!?­!


We gave back the Garands you loaned us.
Link Posted: 1/2/2007 10:53:21 AM EST
Thank you!
Link Posted: 1/2/2007 10:57:00 AM EST

Originally Posted By Sylvan:
2%
Took in the ass on that one.

NO kidding. Where can I sign up for a 2% loan.
Link Posted: 1/2/2007 11:00:36 AM EST
Good to hear.

Just in time for the next loan.
Link Posted: 1/2/2007 11:18:36 AM EST
I gotta look it up, but I understand Russia still continued paying back lendlease throughout the cold war. I wonder where they are now?
Link Posted: 1/2/2007 12:12:20 PM EST
You're welcome.

And sorry it took so long for us to get directly involved.
Link Posted: 1/2/2007 4:54:21 PM EST
Good to see someone is still good for their word these days.


BTW: If you still have any of those Tommy guns stored away we would like to have them back.
Link Posted: 1/2/2007 4:57:14 PM EST
Go ahead and keep the Shermans and Greyhounds.
Link Posted: 1/2/2007 5:02:58 PM EST

Originally Posted By DK-Prof:

Originally Posted By RED_5:
good for them.

who's next to pay up?!?!


hello?


anyone?!?­!


We gave back the Garands you loaned us.


And took damned good care of them too !

The Danes haven't forgotten who their friends are .

Link Posted: 1/2/2007 5:07:01 PM EST
well, now we know the honorable, civilized part of Europe from the rest... nah, we always knew it.
Link Posted: 1/2/2007 5:13:25 PM EST
Should have given the Brits the money for free and defaulted the rest on bad loans and restricted their access to international capital markets.

A Europe free of Totalitarism is the Anglosphere's contribution to Western Civilization.

"When you go home, tell them of us and say: 'For your tomorrow we gave our today' "
Link Posted: 1/2/2007 5:31:59 PM EST
I had a conversation with a gentleman who was a young man during WWII. He had a very good memory, and was a bit of a history buff to boot.

He told me many years ago that the Lend-Lease was for the most part funded out of Social Security funds.

If the .gov was able to rob that fund back then, as they've been doing these many years later, it wouldn't surprise me at all. If his statement was true, how much more solvent might the SS fund be if this hadn't happened. Was this the precursor for raiding that fund in the future?

I'm sure all the payments have gone back into the fund they were borrowed from too.
Link Posted: 1/2/2007 5:46:18 PM EST

Originally Posted By Sylvan:
Took in the ass on that one.


I think the RAF knows a thing or two about that.
Link Posted: 1/2/2007 6:20:28 PM EST

Originally Posted By vito113:

Originally Posted By Duffy:
Of the $50 billion, about $8 billion came back in "reverse Lend-Lease," that is, food, equipment and services supplied by the Allies to American troops overseas. Of this, Britain contributed $2 billion and the Soviets nothing, the communists claimed that they had made payments in blood, implying, therefore, that they alone had bled and suggesting that they be subsidized in defending themselves.



True… Britain also handed over royalty and patent free all it's jet engine technology, radar technology, nuclear research and Penicillin as part of the Lend-Lease deal.

ANdy


You guys also handed that stuff over to the Soviets (well, the jet and radar tech.).

Link Posted: 1/2/2007 6:29:42 PM EST
We can use the $100 Million to pay off our reparations debt.

Then we'll all be able to just get along!
Link Posted: 1/2/2007 6:31:58 PM EST
Our pleasure
Link Posted: 1/2/2007 6:38:23 PM EST
Thanks Great Britain for not being like the French, Thanks for appreciating the help. Thanks for remembering.
Link Posted: 1/2/2007 6:44:48 PM EST

Originally Posted By armoredsaint:
fucking France should pay the USA back also.


Fuck France! Chiraq should remember what happened to the former Saddam Hussein.
Link Posted: 1/2/2007 6:51:06 PM EST
[Last Edit: 1/2/2007 6:54:23 PM EST by Armed_Scientist]
Thanks,

As far as I'm concerned the UK is the only other country in the world other then the US that I give a damn about.

Well that's not true, add Australia, Japan, and Canada, but you get my point.

Edited to add, I should really try to stop saying things like that aloud since I'm going to be spending six month of 2007 living in Europe working on the LHC at CERN...
Link Posted: 1/2/2007 6:55:20 PM EST
[Last Edit: 1/2/2007 6:56:32 PM EST by Bubbatheredneck]

Originally Posted By vito113:


So it just remains to say…

Thank you USA and thank you Canada, we really couldn't have done it without you…

ANdy




Your welcome.

Now, about this little islamic problem we both seem to have................
Link Posted: 1/2/2007 6:56:33 PM EST
Too bad we will never see that money. As soon as the US cashed the check, they proably mailed one right out to some third world shithole that hates us.
Link Posted: 1/2/2007 7:09:50 PM EST

Originally Posted By metalsaber:

Originally Posted By Sylvan:
2%
Took in the ass on that one.

NO kidding. Where can I sign up for a 2% loan.


Defeat the Luftwaffe in a series of incredible air battles where you are hopelessly outnumbered and maybe someone will offer, but only if you are willing to go back after them.
Link Posted: 1/2/2007 7:14:24 PM EST

Originally Posted By Armed_Scientist:

I'm going to be spending six month of 2007 living in Europe working on the LHC at CERN...



That is super-coll


(mis-spelling totally on purpose )
Link Posted: 1/2/2007 7:29:33 PM EST
Link Posted: 1/2/2007 7:36:17 PM EST
Very ethical of you. Now can we please have those loaner guns back.
Link Posted: 1/2/2007 9:59:34 PM EST
Link Posted: 1/2/2007 10:26:35 PM EST
As regards the guns some of you guys mention…

We were not allowed to 'give them back'. The US .Gov stipulated they had to be destroyed or paid for in full in 1945 and kept… most were dumped into Beauforts Dyke in the late 40's. The ones that were kept, although they eventually ended up in the surplus market, can't be re-exported back to the USA because of US laws.

Some firearms dealers in the UK and Europe have large numbers of mint or brand new in wrappers Thompsons and other goodies they have to de-mil and sell to collectors. A mint condition M1 Thompson is @$500, a Thompson 1928 A1 with Lyman sights is @$900

So now you know, the destroying of all those guns the US sent to Britiain was not some evil plot by 'our' government to destroy guns, it was a mandated requirement of your .Gov.

ANdy
Link Posted: 1/2/2007 10:30:50 PM EST
I was shocked when I heard, thanks a lot Brits.



Top Top