Quote:
Originally Posted by Hardknock
The soviet communists said the exact same thing. Look where it got them.
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This is what Sovereign Debt got them
Quote:
in August 1998, after recording its first year of
positive economic growth since the fall of the Soviet Union,
Russia was forced to default on its sovereign debt, devalue
the ruble, and declare a suspension of payments by
commercial banks to foreign creditors.
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http://research.stlouisfed.org/publi...iodoOwyang.pdf
Plus:
The US Goverment cannot just print more money.
The US Goverment does not print money.
The Federal Reserve Bank (NGO) prints the money.
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