WEBVTT

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THAT REGION THEY WILL BACK AWAY

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FROM THAT.

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IN THE MEANTIME, WE’RE STILL SEE

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UNITED STATES AND CHINA.

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A LOT OF FOLKS ARE COMING UP

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WITH WAYS TO SAY THEY MONDAY E

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TEARLY ADDRESS WHAT THEY HAVE

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UNLEASHED ON THIS COUNTRY AND

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PAY UP OR  SHUT UP BUT ONE IDEA

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THAT’S BEEN BETTER THAN

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$1.5 TRILLION WORTH OF CENTURY-

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OLD DEBT THAT THE

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CHINESE EFFECTIVELY HOLD

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RIGHT NOW, SOME OF YOU HELD OUT

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THE POSSIBILITY THAT WE KIND OF

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HOLD THAT CAPTIVE HOSTAGE IF YOU

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WILL, PAYMENTS ON THAT HOSTAGE

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IF YOU WILL.

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I MIGHT BE OVER-SIMPLIFYING THIS

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, BUT MAYBE WE CAN ASSESS

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THIS AND BONDHOLDER FOUNDATION

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THE PRESIDENT CHAIRWOMAN, WRITES

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OFF ON A LOT OF THIS STUFF,

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THANK YOU VERY MUCH FOR JOINING

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US.

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TELL US ABOUT THIS DEBT AND ITS

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UNIQUE NATURE.

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>>  NEIL, THANK YOU FOR HAVING

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ME ON.

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THE AMERICA BONDHOLDER’S

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FOUNDATION REPRESENTS 20,000

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BONDHOLDERS IN 46 STATES AND

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THESE ARE BONDS THAT WERE ISSUED

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ORIGINALLY BY THE REPUBLIC OF

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CHINA BUT WHEN THE COMMUNIST

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REGIME CAME IN AND TOOK OVER TO

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BECOME THE PEOPLE’S REPUBLIC OF

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CHINA THEY REFUSED TO PAY THIS

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DEBT, AND STIFFED THE

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AMERICAN PEOPLE WITH THE

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EXCEPTION OF MARGARET THATCH

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ER, YOU’RE NOT

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ACCESSING OUR CAPITAL MARKETS

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TAKING MORE MONEY UNTIL YOU

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START PAYING YOUR DEFAULTED DEBT

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OWED TO OUR CITIZENS UNDER THE

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WELL-ESTABLISHED SUCCESS

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SAYS GOVERNMENT DOCTRINE.

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NEIL: SO THIS IS DEBT THAT THEY

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HAVE ON US, WE HAVE ON THEM,

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JUST TO BE VERY CLEAR?

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>>  THAT IS VERY CORRECT.

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THESE ARE BONDS, THESE ARE

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ACTUALLY GOLD BACK BONDS THAT

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ARE HELD BY THE AMERICAN BOND

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HOLDER’S FOUNDATION, AND WE

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HAVE 20,000 CITIZENS WE

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REPRESENT, AND THAT HAS A

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CURRENT VALUE OF $1.6 TRILLION,

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THAT COULD BE USED TO OFFSET

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AGAINST THE DEBT THAT CHINA HAS

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OF THE U.S. TREASURY TO THEIR

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1.1 AND $1.3 TRILLION IN U.S.

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TREASURIES.

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NEIL: SO WE CAN THREATEN HERE,

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YOU DON’T MAKE GOOD WITH US,

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WE’LL NOT MAKE GOOD WITH YOU?

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IS THAT THE WAY IT’S BEING

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RAISED?

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>>  I THINK IT ACTUALLY GOES

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BEYOND THAT, NEIL.

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LOOK, CHINA DOESN’T PLAY BY THE

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SAME RULES AS THE REST OF

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THE WORLD.

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WE SEE THAT THEY HAVE UNFETTERED

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ACCESS TO THE U.S. CAPITAL

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MARKET, OVER THE YEARS THEY’RE

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TAKEN TRILLIONS OF DOLLARS OF

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HARD WORKING TAXPAYER MONEY, AND

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WE HAVE NO IDEA WHERE THAT MONEY

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GOES.

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WHAT ABF REPRESENTS THE AMERICAN

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BONDHOLDERS FOUNDATION

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REPRESENTS IS ACTUAL SOVREIGN

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DEBT.

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NO DIFFERENT THAN A U.S.

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TREASURY.

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GOVERNMENT ISSUE LONG TERM DEBT,

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20, 30, 40, 60-YEAR DEBT.

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THESE BONDS EXPIRED, THEY’VE

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DEFAULTED ACTUALLY, AND WERE DUE

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TO MATURE IN 1960 AND CHINA HAS

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BEEN STIFFING THE AMERICAN

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PEOPLE EVER SINCE.

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WE’VE SPENT 20 YEARS PUSHING

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THIS ISSUE TRYING TO HOLD CHINA

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ACCOUNTABLE AS THE PRESIDENT

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SAYS, HE EXPECTS RECIPROCITY AND

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TO HOLD CHINA ACCOUNTABLE.

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AMERICANS PAY THEIR BILLS WE

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EXPECT CHINA TO DO THE SAME AND

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STOP STIFFING THE AMERICAN

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PEOPLE.

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NEIL: SO THEY HAVE NOT MADE GOOD

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ON ANY PAYMENTS AMERICAN

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INVESTORS SINCE 1960 AND NOW,

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WE’RE SAYING ENOUGH ALREADY, NOW

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THE CHINESE ARE ARGUING AS YOU

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SAID AT THE OUTSET THAT THIS IS

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MONEY PRIOR TO THE NEW CHINA

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TODAY, SO THEY DON’T HAVE TO

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MAKE GOOD ON IT, SO WHAT DO YOU

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SAY TO THAT?

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>>  WELL, ARE THEY SAYING

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THEY’RE NOT THE REAL CHINA?

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I MEAN, THE GOVERNMENT DOCTRINE

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IS WELL ESTABLISHED.

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THESE BONDS DEFAULTED IN 1938.

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IN 1987 MARGARET THATCHER MADE

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IT CLEAR TO THE PRC YOU’RE NOT

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GOING TO TAKE ANYMORE MONEY FROM

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OUR PEOPLE AND YOU’RE GOING TO

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PAY THE BONDS THAT ARE IN

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DEFAULT AND SO CHINA PAID THOSE

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BONDS TO GREAT BRITAIN.

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THE FRENCH FILED CLAIMS AND THEY

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FILED FORMAL COMPLAINTS WITH THE

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WTO, THE AMERICAN BOND

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HOLDERS FOUNDATION HERE IN

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THE U.S. HAS PUSHED THE ISSUE AS

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WELL.

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NEIL: NOW, I THOUGHT OUR

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RESPONSE MIGHT BE YOU DON’T PAY

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UP, WE WON’T WAY YOU UP AND I

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COULD SEE HOW THAT COULD QUICKLY

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GET OUT OF CONTROL, BUT WHAT DO

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YOU THINK OF THAT?

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BECAUSE THAT WOULD TECHNICALLY

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BE A DEFAULT.

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>>  LOOK, NEIL IT’S NOT A

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DEFAULT.

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WE MUST ALWAYS UPHOLD THE FULL

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FAITH AND CREDIT OF OUR SOVREIGN

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GOVERNMENT OF OUR NATION, AND

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KEEP THE DOLLAR STRONG.

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NEIL: BUT THEY HAVEN’T RIGHT?

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SO YOU DON’T SUPPORT THAT

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COUNTER MOVE TO DEFAULT ON THEIR

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DEBT BECAUSE THEY’VE EFFECTIVELY

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DEFAULTED ON OURS?

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>>  OH, ABSOLUTELY NOT BUT LOOK,

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NEIL.

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IT’S DONE ALL THE TIME.

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WE HAVE THE MASTER NEGOTIATOR IN

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THE WHITE HOUSE, VERY SMART

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PEOPLE WORKING THIS ISSUE, THAT

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THESE BONDS COULD BE USED TO PAY

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CHINA WITH THEIR VERY OWN PAPER.

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AMERICAN TAXPAYERS PAY THEIR

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TAXES.

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THEIR TAXES GO TO PAY INTEREST

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PAYMENTS ON CHINESE-HELD

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TREASURY.

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WHY CAN’T CHINA BE PAID WITH

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THEIR OWN PAPER?

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AND SAVE THE AMERICAN TAX

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DOLLARS?

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JUST FROM A BONDHOLDER ISSUE,

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THIS IS AN AMERICAN ISSUE.

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NEIL: NO, I HAD NO IDEA THAT

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EVEN EXISTED, SO IT’S VERY

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INTERESTING.

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I WISH YOU WELL RESOLVING IT ONE

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WAY OR  THE OTHER BUT THANK YOU

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VERY VERY MUCH GOOD HEALTH TO

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YOU AND YOURS I APPRECIATE IT.

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>>  THANK YOU, NEIL I HOPE I CAN

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COME BACK ON AND KEEP YOU

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UPDATED AS WE MOVE FORWARD TO

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GET JUSTICE FOR THE AMERICAN

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PEOPLE AND ALL OF THESE BOND

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HOLDERS.

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NEIL: PLEASE DO IT’S A HUGE DEAL

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, A $1.6 TRILLION HUGE DEAL

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WHICH IS EFFECTIVELY WHAT THE