Quote:
Originally Posted by Pokesan
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Spending beyond their means doesn't apply to nations in the world of global finance. Grow faster than your debt payments and it's a non-issue.
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We aren't growing faster than our debt payments, we are PRINTING faster. So far we haven't seen the logical inflationary results because the real world is still in a massive deflationary recession. Eventually the central banks will fuck up and interest rates will go from 0% to 50%+ virtually overnight as people suddenly refuse to take dollars/euros/yen/yuan/other fiat junk. And that is when the shit will REALLY hit the fan.