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To: JRI who wrote (124614)9/21/2001 11:17:34 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
yes, it could happen anytime. note however that a devaluation will actually speed up the default, as virtually all of their sovereign foreign debt ($130 billion) is denominated in USD. the devaluation is however impossible to avert imho. the day it happens, gold will be limit up.