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#14
10-26-2005, 01:40 PM
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Re: National Debt reaches $8,000,000,000,000 (8 trillion dollars)
Interesting thread guys. I've heard China is buying up a lot of US debt. If this debt is bought in the form of bonds, does that mean that US will have to pay these bonds (China) on an already set schedule, when the bonds appreciate. Or does China wield some sort of power over the US and can demand payment on the bond when they want?
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