U.S owes China about 2 & 1/2 trillion American dollars

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October 3, 2008
According to Ron Paul, a member of the house banking committee, we owe China about 2 & 1/2 trillion American dollars.

China gets American dollars when they sell us stuff made in China. Instead of sitting on the dollars they buy American interest bearing Treasury Bills & Treasury Bonds, which would have different maturity dates. These Gvt. issues can also be rolled over when the maturity date arrives.

It’s a distinct possibility that it may never be paid off or paid back because the numbers are so high.

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