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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Wyätt Gwyön who wrote (2450)11/19/2003 6:08:31 PM
From: russwinter  Read Replies (1) of 110194
 
<when they have a printing machine which is expertly operated by Ben Bernanke at a cost of 0 cents per dollar issued?>

The US isn't the only country with this method. It's been attempted historically numerous times. I suppose if you wish to say this would avoid technical default you can, but I'd call running an indiscriminate printing press or severely monetizing debt, a defacto default. Maybe it will go that way, but I still think a third party will end up on the scene to try and patch up a fairer creditor/debtor arrangement, and for irony I don't see why it can't be the IMF. Perhaps a failed rollover (when foreigners simply don't show up and bid) will be the catalyst.
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