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General Category => General Discussion => Topic started by: angryChineseKahanist on September 05, 2012, 07:23:36 AM

Title: What's $16T anyway?
Post by: angryChineseKahanist on September 05, 2012, 07:23:36 AM

http://www.nypost.com/p/news/national/bam_debt_i30TcjjjFu5KnzvhXZsnQK

Title: Re: What's $16T anyway?
Post by: Harzel on September 05, 2012, 10:02:48 AM

If the US had to pay realistic interest rate of 6-7% which it would have to without the Fed buying up to 75% of the newly issued bonds, it would default.