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Strategies & Market Trends : The coming US dollar crisis
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To: GROUND ZERO™ who wrote (34959)2/3/2011 12:20:20 PM
From: Follies  Read Replies (2) of 71475
 
Can someone explain to me how devaluing the currency will work?

The current 14 trillion national debt will be paid back in cheaper dollars but it will be rolled over at much higher rates. If that was the only problem , it would work.

But the problem is the annual deficit, which is made up mostly of social security, medicare, and other entitlements and some military. All of those expenses will go up proportionately to the devaluation. In fact they are tied to COLAs so they are bound to increase.

Regardless of how much devaluation we have it wont be enough.
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