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<p>[QUOTE=&quot;Cloudsweeper99, post: 1431814, member: 3011&quot;]Regarding the debt, in the first place there is no reason to believe that it will ever be paid off - at least not in the lifetime of anyone here.&nbsp; Second, it seems highly probable that if the debt is liquidated someday, it will be by using the time-honored method of default.&nbsp; And third, assume that the debt is repaid by printing money.&nbsp; Since most of the money will be going to other central banks and institutional investors who will reinvest the proceeds in other investments, the result may be a general rise in asset values without necessarily triggering a hyperinflation event.&nbsp; For example, if a major pension fund receives cash for their T-Bonds, they aren&#039;t going to spend it on consumer goods or even adjust their payouts.&nbsp; They&#039;ll just reinvest it in the global stock, bond, real estate and other markets.</p><p><br /></p><p>So there is no real reason why the present system cannot continue for another century with acceptable inflation rates and a gradual fall in the value of the dollar, much as we have experienced over the past 100 years.[/QUOTE]</p><p><br /></p>

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