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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (102602)9/29/2009 2:12:18 AM
From: Skeeter Bug3 Recommendations  Respond to of 116555
 
mish, how does the government deal with the exploding debt and fewer and fewer and fewer entities that are willing to lend the government money?

does it just explode forever?

do they continue to monetize the debt as much as is required?

do they raise taxes and crater the economy and explode debt some more?

do they cut government in half (currently they are trying to expand it like crazy!)?

the debt seems to be big issue in my mind. i don't see taxes getting raised a lot and i don't see the government shrinking.

in my mind, that leaves one end game to transfer wealth from the citizens to the government.

however, i have an open mind as i really am not confident in anything right now.

so, how does the exploding debt get paid down before their is a lender strike. if there is a lender strike, what happens as the fed monetizes the entire debt?