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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: 3bar who wrote (115616)	1/16/2016 2:16:55 PM
From: elmatador	Respond to of 219937

Let us get rid of debt without defaulting. If governments decide to pay 95c to the dollar the public would revolt. The agencies would downgrade them and capital would fly. But we can do that other way: Pay back with devalued currency Japan has the highest debt relative to GDP. Shinzo Abe has pursued a campaign promise to expand the money supply and trigger higher prices. The markets have applauded: the Nikkei stock index has been galloping, while lenders are rewarding Japan with low interest demands. Voila! screw the Yen and no need to default!! Meanwhile, cheerleaders for unleashing modest inflation have run the gamut from liberal economist Paul Krugman to former George W. Bush adviser N. Gregory Mankiw, now at Harvard. Specifically, they’ve proposed that the Federal Reserve announce, loudly and clearly, that it will up its current inflation target of 2 percent to, say, 4 or 5 percent. Economics and history suggest it might work. Again. No need to default. Just pay back with devalued currency So are the joys of having your own people as creditors