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seabass

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seabass

Re: extelecom post# 214812

Thursday, 10/19/2006 11:08:12 AM

Thursday, October 19, 2006 11:08:12 AM

Post# of 495952
>>>Oh, So there isn't an actual loan...<<<


The Chinese are buying US treasury bonds which means they give the US government cash in exchange for an i.o.u piece of paper that says they will be paid such and such until they are paid back. If that's not a loan, then what is it?
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