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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Horgad who wrote (366984)4/29/2008 8:48:17 AM
From: Real Man   of 436258
 
In the end this is a path of shaving quite a few zeroes off
the currency. However, that outcome is a few
years down the road. Inflation (as measured by CPI)
will inevitably accelerate, since the money and credit growth
rates are huge.

Perhaps, the key to watch is the government bond market.
The liabilities from popped credit bubble are shifted to the
government, and the government has no means to pay up. None
except one.

Eventually, this deterioration will lead to the government
bond crisis linked to the currency collapse. You can't lower
taxes and increase spending forever - the math does not work.
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