[null and void]

• "Default on Debt" - Won't happen as long as debt is dollar denominated.

True. We'll hyper-inflate our way out of it.

See also, Weimar Republic...

[lentulusgracchus]

True. We'll hyper-inflate our way out of it.

The bankers' term of art is "repression".

Interest rates paid to depositors are held down (the purpose of the old Regulation Q of the 50's-70's) while the money supply is steadily and stealthily inflated at 4-5%.

This policy was adopted after World War II to destroy FDR's World War II debt (it screwed millions and millions of War Bond, Victory Bond, and Series E Savings Bond buyers among the U.S. public). It has been again made official policy by Greenspan, Bernanke, et al.