- Sep 15, 2008
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- Banned
- #41
I think they're counting on it.Government never defaulted? That's exactly what it is when you get inflation, makes the debt worthless to the holders of same. That's exactly what it is when you monetize that debt, as they're trying to do now. China's already talking about shutting off the spigot, and who can blame them? They've already reduced the amount of this debt they're buying.
Inflation right now is zero or negative. you really think inflation will go up that much?
You know, a month or two ago, the mortgage rates went up in anticipation of inflation, but now they're back down, to my delight. I don't think these rates will last.