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Reply #11: yes. [View All]

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AlCzervik Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-22-08 02:15 PM
Response to Reply #10
11. yes.
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  -From whom do governments borrow money? billyskank  Nov-22-08 01:51 PM   #0 
  - Other governments. A lot of the U.S. governmental debt is money borrowed from China, I believe.  primate1   Nov-22-08 01:54 PM   #1 
  - So are some nations creditors? They have no debt?  billyskank   Nov-22-08 01:57 PM   #2 
     - Good question, I'm not entirely sure about that.  primate1   Nov-22-08 02:02 PM   #3 
     - I can't think of any  insanity   Nov-22-08 02:04 PM   #6 
  - They issue redeemable bonds, then pay interest to the purchaser.  puerco-bellies   Nov-22-08 02:02 PM   #4 
  - I'd have asked GD if I wanted a flame war  billyskank   Nov-22-08 02:05 PM   #7 
  - It's umm, complicated.  insanity   Nov-22-08 02:03 PM   #5 
  - What does that mean, to sell treasury securities?  billyskank   Nov-22-08 02:07 PM   #8 
     - Usually T bills and Bonds.  chimpsrsmarter   Nov-22-08 02:10 PM   #9 
        - Lemme get this straight.  billyskank   Nov-22-08 02:13 PM   #10 
           - yes.  chimpsrsmarter   Nov-22-08 02:15 PM   #11 
           - Thanks.  billyskank   Nov-22-08 02:17 PM   #12 
           - Correct. The purchaser buys a bond, usually for face value i.e. $100,000  puerco-bellies   Nov-22-08 02:24 PM   #13 
  - They just print more if they need it!!!  madinmaryland   Nov-22-08 03:28 PM   #14 

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