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American Debt Losing Its Appeal?

If the Fed buys the debt the interest rate can be set at whatever the buyer chooses. Higher interest rates and a collapse of the US debt bubble are not an automatic result of the issuance of more debt.

And what will be the result of the monetization of Obama's debt?

Japan monetized trillions of yen government debt in the last five years and its currency is the strongest in the world. Why? Because Japan's economy is productive and operates under a rule of law. its currency, borrowed at zero interest rate, has become an engine of finance, providing the liquidity needed to facilitate much economic activity. If the world perceives our economy as strong and operating under a rule of law, ie. no Patriot Act arrests in the night and tax the wealthy out of existence schemes, etc. there is no reason monetization of our debt cannot work the same way it has in Japan. Obama promises to bring both discipline and creativity to the financial management of this country with much of the newly created money entering the system from the bottom up. This is a prescription for success.