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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: benwood who wrote (28430)3/11/2005 7:48:18 PM
From: LLCF  Read Replies (2) of 110194
 
<It doesn't matter how worthless the dollar becomes -- unless I get my hands on MORE then it won't be any easier to repay my debt with my also-worth-less paycheck.>

The point is the US is in debt up to our eyeballs via the US Treasury... it's simply 2 Trillion in Notes and bonds come due and the Fed gives them 2 Trillion $US. DEBT GONE!

Point 2 is your personal debt... if you have a 30 year fixed rate loan and the dollar becomes worthless, SO IS YOUR DEBT. WORTHLESS! A BUMB could get ahold of Marks in Germany in the 20's! It's EASY to get ahold of worthless currencies {or anything else worthless} believe me... that's what worthless means. Wallpaper.

DAK
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