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To: Mr. Jeeves

If the world situation does not stabilize, I can see #2 happening. The US is dependent on foreigners buying our T-Bills. If all of a sudden we need to roll over a T-Bill issue, and we don’t have enough buyers, then either the government stops spending so much (unlikely) or the fed just creates money and we have hyper-inflation like Wiemar Germany or Zimbabwe.


63 posted on 10/08/2008 6:56:55 PM PDT by PapaBear3625 ("In a time of universal deceit, telling the truth is a revolutionary act." -- George Orwell)
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To: PapaBear3625
1. the imminent collapse of the U.S. economy to occur by September 2008, 2. the imminent collapse of US federal government finances by February 2009,

Pretty well spot on.

235 posted on 03/24/2009 8:27:31 AM PDT by b4its2late (Ignorance allows liberalism to prosper.)
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