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<p>[QUOTE=&quot;Rono, post: 1359072, member: 6492&quot;]Howdy,</p><p><br /></p><p>Nice summation.&nbsp; Part of the problem is that they&#039;re facing over $100 T in Unfunded Liabilities (social security, medicare/aid, trust funds, debt service, etc.) at the Federal level and their is no politically viable way to cut benefits (default, as it were) AND increase taxes sufficiently to pay this tab.&nbsp; They are left with no option other than to try to monetize as much as possible without imploding the dollar and financial system.&nbsp; Er, that&#039;s means printing lots of new dollars to pay the bills.&nbsp; I&#039;ve read estimates that it will so many new dollars that they will halve the value of the dollar over the next decade.&nbsp; Oh, and this is by the same FRB that since their creation in 1913 have seen the dollar lose 96% of its value.</p><p><br /></p><p>Here&#039;s an interesting read by the goldenjackass</p><p><br /></p><p><br /></p><p><a href="http://news.goldseek.com/GoldenJackass/1327611600.php" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://news.goldseek.com/GoldenJackass/1327611600.php" rel="nofollow">http://news.goldseek.com/GoldenJackass/1327611600.php</a></p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>

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