2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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Nov 6 4:00 PM EST

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To: bart13 who wrote (109825)	1/18/2015 3:26:57 PM
From: Elroy Jetson	Read Replies (2) of 217557

If you can think of any countries which have defaulted on sovereign debt denominated in the currency they issue I'd be very interested to learn about them. I can't think of any, but I don't have a comprehensive knowledge of all history. Our Fed already owns $2.5 trillion of U.S. Treasury bonds, and they could just as easily purchase the remaining $4.5 trillion if and when they are offered for sale. So where's the inflation? It just doesn't happen in the environment of a global economic depression. Default? The Fed doesn't need repayment. If they did feel the need for repayment, their old Treasury Bonds can be paid-off with with new Treasury 100 year Treasury Bonds they purchase.

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