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To: markomalley
....of the $85bn a month in asset purchases that have fuelled global financial markets for the last year.

Not hardly. Try for the last 4 years, easy. This has been going on for a long time. It is what brought back the stock market and keeps propping it up.

2 posted on 11/25/2013 3:38:47 AM PST by Gaffer
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To: Gaffer
With the national debt running in excess of 17 trillion, unfunded liabilities almost ten times this...the federal gubbamint has found itself between a rock and a hard place.

If they continue 0% interest rates...retirees get hammered. Pumping $85 billion a month props the markets, but slowly takes America further into a hole.

The feds financial strategery of borrowing and or monetizing our own debt is lunacy. Eventually, we will default and begin the process of intentional devaluation of our currency in an effort to wipe away debt. Don't believe it? Take a look at Venezuela, Zimbabwe.

Just 1% rise in interest rates will add hundreds of billions to the national debt. Interest payments alone will continue to sap the life out of our economy. Well passed 100% debt to GDP ratio means all our economy can ever hope to muster in our current model cannot produce enough to dig our way out of this financial hole.

17 posted on 11/25/2013 5:45:58 AM PST by servantboy777
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