To: Lorianne
This is exactly what Latin American central banks used to do in the 60s and 70s. Right before their economies collapsed, they defaulted on their debts and inflation skyrocketed.
4 posted on
06/17/2014 6:51:12 PM PDT by
Opinionated Blowhard
("When the people find they can vote themselves money, that will herald the end of the republic.")
To: Opinionated Blowhard
This is exactly what Latin American central banks used to do in the 60s and 70s. Right before their economies collapsed, they defaulted on their debts and inflation skyrocketed. And they devalued their currency.
What a clever way to steal from the peasants!
6 posted on
06/17/2014 7:19:48 PM PDT by
E. Pluribus Unum
("The more numerous the laws, the more corrupt the government." --Tacitus)
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