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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: NOW who wrote (23826)12/27/2004 3:06:01 PM
From: Crimson Ghost  Read Replies (1) of 110194
 
The fact that establishment figures are now suggesting such drastic action shows how explosive the imbalances have become.

As far as debt repudiation goes there is ample precedent. Richard Nixon in 1971 unilaterally repudiated the long standing US commitment to redeem foreign debts in gold on demand.
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