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October 9th, 2010 at 10:10 am
Know what the Fed knows and isn’t saying: the USA can NEVER pay it’s debts at anywhere near current levels of inflation. The ONLY way, is to inflate and pay with $ with much less purchasing power. They flirt with hyperinflation, but think how easy it will be for the US to pay off $100k in today’s 10 year notes when income at the poverty level is $100k per year.