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  • Understanding Government Debt: The Treasury's Indispensable Role [View article]
    So far their inflationary regimes have failed as de-leveraging has made over $10 trillion disappeared. However, if they do overdo it the first thing you will see is no foreign appetite for US treasuries which will be a quick problem for their further inflating. If they do any more they basically are printing money without any regard to any sound economic policy.

    The Fed asked to be allowed to buy any debt. If they can then since they are allowed to issue any money on any debt... ie US treasuries, they basically own the ability to make as much money as they want without any congressional mandate or approval or knowledge. Doing this basically could result in an Argentina like hyper-inflation where the Fed is Eva Perone.

    Don't cry for me oh America... for I always loved the greenback.
    Dec 17 05:44 am |Rating: +1 0
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