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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Little Joe who wrote (109233)10/18/2010 7:52:38 PM
From: benwood1 Recommendation  Read Replies (1) of 110194
 
You are describing the end game. The ZIRP at the low end at least may be permanent because of the dynamic you describe. This is exactly how QE2 leads to QE20 etc. We are already trapped by the debt into permanent money printing, ala Zimbabwe.

If confidence is lost in the dollar, the end game will be rammed down our throats. Historically speaking, one will not have time to get out -- it will be an epic dislocation. I no longer thing of "if" but "when."

Oh, there is still a way out w/o currency collapse -- cut spending by 40% or so starting tomorrow. Ain't gonna happen w/o social explosions and/or a military coup.
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