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Author Topic: What's $16T anyway?  (Read 385 times)

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Offline angryChineseKahanist

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What's $16T anyway?
« on: September 05, 2012, 07:23:36 AM »
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Offline Zelhar

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Re: What's $16T anyway?
« Reply #1 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.
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