Article

2011-03-22 Economy

Texas Federal Reserve Chair: At this rate "we will become insolvent, the question is when"

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Posted by DarthVader 2011-03-22 14:07|| || Front Page|| [7 views ] Top

#1 We are already insolvent, but our credit is good & the Bernank still has blank checks.

Posted by Anguper Hupomosing9418 2011-03-22 17:08|| 2011-03-22 17:08|| Front Page Top

#2 Don't forget ink in the pen. We still have ink in the pen.

Posted by badanov 2011-03-22 19:54|| http://www.freefirezone.org 2011-03-22 19:54|| Front Page Top

#3 Countries only become insolvent when they have debts denominated in other countries currencies. Which in a nutshell is Greece/Ireland/Portugal/Spain's problem.

The USA doesn't have this problem, and will end up with hyper-inflation rather than insolvency.

Posted by phil_b 2011-03-22 20:30|| 2011-03-22 20:30|| Front Page Top

#4 And our hyperinflation will be self-sustaining rather than cleansing because the things that have bankrupted the nation operate on autopilot & increase faster than the real rate of inflation.

Posted by AzCat 2011-03-22 21:44|| 2011-03-22 21:44|| Front Page Top

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