Posted on 05/19/2016 4:27:32 PM PDT by GilGil
What everybody here needs to do is look through their retirement bond funds for PR bonds, which will be worth zero pretty soon.
What is unclear is whether the Federal Reserve buys any of this crap debt that will never be repaid. If so, taxpayers WILL pay through an ultimately more depreciated US dollar currency value (money printing). The bond holders should bear the full brunt of the loss in value in THEIR bond holdings.
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