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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Elroy Jetson who wrote (251992)6/5/2010 7:46:23 AM
From: Bank Holding CompanyRead Replies (1) of 306849
 
> No nation has ever inflated their debts away, as interest rates rise in an anticipatory manner. So not only would an expansion of the monetary base not fix the problem, but it would wipe-out much of the wealth of the wealthy people who effectively control our government. <<

So if Greece [insert other] defaults on its debt.....what is to stop EU allies from doing same?? Can a central bank go BK? Can a primary Dealer go BK? Lots of rhetorical questions, i guess....
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