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To: Texas Songwriter
--Printing money by the FED will not fix the problem unless we stop the DEBT BUBBLE--

You talking about gov't debt or private debt?

25 posted on 08/13/2015 5:32:53 AM PDT by expat_panama
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To: expat_panama
Private money is 'borrowed' by creating debt.

Government debt is backed only by the full faith and credit of the USGoverment. As long as it can take money from the people they can retire some debt. But as long as the debt bubble exceeds 40 billion per month approved by congress and that overall US debt (both private and govt) it cannot catch up and the bubble (debt) grows. Deflation.

31 posted on 08/13/2015 9:08:56 AM PDT by Texas Songwriter (awaki)
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