The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: ild who wrote (48140)	12/24/2005 4:26:42 PM
From: UncleBigs	Read Replies (1) of 110194

US citizens will repudiate debt instead of paying it down Exactly how will US citizens repudiate the debt? Can you imagine the deflationary pressures and extreme economic distress that must be exerted before our political leaders decide to pass a law renouncing our obligation to repay debt? You may say the Fed will just print money. Okay well explain exactly how that printed money will get into the hands of an unemployed mortgage broker, framer or contractor who can't pay his debts.

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