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Politics : Formerly About Advanced Micro Devices
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To: koan who wrote (792774)7/2/2014 1:31:52 AM
From: TimF  Read Replies (1) of 1578465
 
The bonds are held by the government, and at the same time they are a debt of the government. No default is needed for them to be a meaningless asset. If you lend money to yourself your promise to pay yourself is not actually a store of value for you, even if you consistently make the payments.
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