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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: UncleBigs who wrote (48144)	12/24/2005 4:45:32 PM
From: ild	Read Replies (1) \| Respond to of 110194

<<<Exactly how will US citizens repudiate the debt?>>> I'm not sure if I understand your question. If a person doesn't have the ability to service his debt he's going to refuse to pay this debt. No government pumping will help him. Yes, I expect the government to eventually start printing money, but IMO it will achieve nothing but plunging USD. Once debt deflation starts in earnest it will run its full course. I expect deflation in debt, assets and services and inflation in consumables.