United States in hock
<p><span word="Reader">Reader</span> <span word="question">question</span>:</p><p><span word="Please">Please</span> <span word="explain">explain</span> “<span word="hock">hock</span>” <span word="in">in</span> <span word="this">this</span> <span word="sentence">sentence</span> - <span word="The">The</span> <span word="US">US</span> <span word="is">is</span> <span word="in">in</span> <span word="hock">hock</span> <span word="to">to</span> <span word="the">the</span> <span word="rest">rest</span> <span word="of">of</span> <span word="the">the</span> <span word="world">world</span>.</p><p><span word="My">My</span> <span word="comments">comments</span>:</p><p><span word="The">The</span> <span word="United">United</span> <span word="States">States</span> <span word="has">has</span> <span word="debts">debts</span> <span word="to">to</span> <span word="pay">pay</span> <span word="other">other</span> <span word="countries">countries</span>. <span word="That">That</span>’<span word="s">s</span> <span word="nothing">nothing</span> <span word="new">new</span> – <span word="and">and</span> <span word="perhaps">perhaps</span> <span word="no">no</span> <span word="laughing">laughing</span> <span word="matter">matter</span>. <span word="Every">Every</span> <span word="year">year</span>, <span word="the">the</span> <span word="US">US</span> <span word="of">of</span> <span word="A">A</span> <span word="typically">typically</span> <span word="runs">runs</span> <span word="a">a</span> <span word="trade">trade</span> <span word="deficit">deficit</span> <span word="with">with</span> <span word="its">its</span> <span word="major">major</span> <span word="partners">partners</span>, <span word="including">including</span> <span word="for">for</span> <span word="example">example</span> <span word="China">China</span> <span word="and">and</span> <span word="Japan">Japan</span>. <span word="Countries">Countries</span> <span word="like">like</span> <span word="China">China</span> <span word="and">and</span> <span word="Japan">Japan</span>, <span word="among">among</span> <span word="others">others</span>, <span word="then">then</span> <span word="use">use</span> <span word="the">the</span> <span word="money">money</span> <span word="generated">generated</span> <span word="from">from</span> <span word="the">the</span> <span word="trade">trade</span> <span word="surplus">surplus</span> <span word="to">to</span> <span word="buy">buy</span>, <span word="for">for</span> <span word="example">example</span>, <span word="US">US</span> <span word="Treasury">Treasury</span> <span word="Bonds">Bonds</span> – <span word="money">money</span> <span word="the">the</span> <span word="United">United</span> <span word="States">States</span> <span word="has">has</span> <span word="to">to</span> <span word="pay">pay</span> <span word="when">when</span> <span word="the">the</span> <span word="notes">notes</span> <span word="mature">mature</span>. <span word="Hence">Hence</span>, <span word="over">over</span> <span word="the">the</span> <span word="long">long</span> <span word="run">run</span> <span word="and">and</span> <span word="in">in</span> <span word="short">short</span>, <span word="the">the</span> <span word="United">United</span> <span word="States">States</span> <span word="owes">owes</span> <span word="other">other</span> <span word="countries">countries</span> <span word="a">a</span> <span word="lot">lot</span>, <span word="in">in</span> <span word="terms">terms</span> <span word="of">of</span> <span word="Treasury">Treasury</span> <span word="papers">papers</span> <span word="at">at</span> <span word="the">the</span> <span word="least">least</span>.</p><p><span word="Anyways">Anyways</span>, “<span word="hock">hock</span>” <span word="is">is</span> <span word="an">an</span> <span word="American">American</span> <span word="slang">slang</span> <span word="for">for</span> “<span word="pawn">pawn</span>”. <span word="If">If</span> <span word="you">you</span> <span word="hock">hock</span> <span word="your">your</span> <span word="necklace">necklace</span>, <span word="for">for</span> <span word="instance">instance</span>, <span word="you">you</span> <span word="pawn">pawn</span> <span word="it">it</span> – <span word="you">you</span> <span word="temporarily">temporarily</span> <span word="give">give</span> <span word="it">it</span> <span word="up">up</span>, <span word="handing">handing</span> <span word="it">it</span> <span word="over">over</span> <span word="to">to</span> <span word="a">a</span> <span word="pawnshop">pawnshop</span> <span word="for">for</span> <span word="them">them</span> <span word="to">to</span> <span word="keep">keep</span> <span word="in">in</span> <span word="exchange">exchange</span> <span word="for">for</span> <span word="a">a</span> <span word="certain">certain</span> <span word="amount">amount</span> <span word="of">of</span> <span word="money">money</span> <span word="to">to</span> <span word="run">run</span> <span word="an">an</span> <span word="urgent">urgent</span> <span word="errand">errand</span>. <span word="In">In</span> <span word="order">order</span> <span word="to">to</span> <span word="have">have</span> <span word="the">the</span> <span word="necklace">necklace</span> <span word="back">back</span>, <span word="however">however</span>, <span word="you">you</span> <span word="have">have</span> <span word="to">to</span> <span word="pay">pay</span> <span word="back">back</span> <span word="the">the</span> <span word="money">money</span> <span word="owed">owed</span>, <span word="plus">plus</span> <span word="a">a</span> <span word="stiff">stiff</span> <span word="interest">interest</span>.</p><p><span word="Hence">Hence</span> <span word="therefore">therefore</span>, <span word="it">it</span>’<span word="s">s</span> <span word="not">not</span> <span word="a">a</span> <span word="good">good</span> <span word="idea">idea</span> <span word="to">to</span> <span word="be">be</span> <span word="in">in</span> <span word="pawn">pawn</span> <span word="or">or</span> <span word="in">in</span> <span word="hock">hock</span>, <span word="or">or</span> <span word="simply">simply</span>, <span word="in">in</span> <span word="debt">debt</span>. <span word="Figuratively">Figuratively</span> <span word="speaking">speaking</span>, “<span word="in">in</span> <span word="hock">hock</span>” <span word="can">can</span> <span word="also">also</span> <span word="mean">mean</span> <span word="that">that</span> <span word="you">you</span>’<span word="re">re</span> <span word="indebted">indebted</span> <span word="to">to</span> <span word="someone">someone</span> <span word="for">for</span> <span word="favors">favors</span> <span word="they">they</span>’<span word="ve">ve</span> <span word="done">done</span> <span word="you">you</span>. <span word="Whatever">Whatever</span> <span word="the">the</span> <span word="situation">situation</span>, <span word="you">you</span>’<span word="re">re</span> <span word="put">put</span> <span word="under">under</span> <span word="obligation">obligation</span>, <span word="and">and</span> <span word="that">that</span>’<span word="s">s</span> <span word="in">in</span> <span word="the">the</span> <span word="main">main</span> <span word="not">not</span> <span word="a">a</span> <span word="good">good</span> <span word="position">position</span> <span word="to">to</span> <span word="be">be</span> <span word="in">in</span> <span word="because">because</span> <span word="sooner">sooner</span> <span word="or">or</span> <span word="later">later</span> <span word="time">time</span> <span word="will">will</span> <span word="come">come</span> <span word="for">for</span> <span word="payback">payback</span>, <span word="in">in</span> <span word="kind">kind</span> <span word="or">or</span> <span word="kindness">kindness</span>, <span word="one">one</span> <span word="way">way</span> <span word="or">or</span> <span word="another">another</span>.</p>
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