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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (434748)11/13/2008 9:41:37 AM
From: combjelly  Read Replies (1) of 1577376
 
"Then once the Olympics ended.....nada. China has not come back into the world markets for commodities in 3-4 months."

Yep. And that is reflected in the wave of factory closings sweeping across China. And that means we have a huge problem on our hands.

I don't see how China will be buying our government bonds in any quantity. Nor do I see any others stepping up to the plate. In addition, our government is committing itself to spending massive amounts of money to keep the international financial system from melting down.

So, where will that money come from? If we can't sell bonds to cover the deficit and we can't raise taxes enough to do it, the only option is just to print the money.

And that means inflation.
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