[cgbg]

My predication is that all the discussion about interest rates will be irrelevant because...

At some point the government will just issue a new currency—call them Patriots—at 10 cents on the dollar and everything will be worth 90% less including the deficit.

That is how it is normally done in third world countries, and we are well on our way to becoming a third world country.

[Alberta's Child]

That won’t work in a country engaged heavily in foreign trade. It’s one thing to reduce the purchasing power of your currency by 90% when you are a third world sh!t-hole who only deals with internal matters, but trading partners are never going to accept your currency in trade transactions if that’s the way you conduct business.

[i_robot73]

>
At some point the government will just issue a new currency—call them Patriots—at 10 cents on the dollar and everything will be worth 90% less including the deficit.

That is how it is normally done in third world countries, and we are well on our way to becoming a third world country.
>

Been done once when we went from a Republic to a Democracy (Treasury\silver\gold to Federal Reserve Notes)