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Displaying (1) Comments | Comment on this piece | Report objectionable art
RE: Scotsman You are right on the mark. Who cares about the debt hoedrls?But in order not to make them angry you have to kind of make a sell pitch to the old debt hoedrls. For example you can say that in order to stabilize the world economy which is also in the interest of the old debt hoedrls you will be issuing new papers. This should not be a big deal because monetary base is smaller now compared to 2 years ago. And you have to smile a lot and pat people on the back. Tell them that we are rolling hard and the old debt hoedrls will witness remarkable history etc. And then you are right. You get rid of debt by printing or defaulting. And then you go for a hike a relax. You tell people to take on more debt ASAP so the economy starts moving again. The problem is if old debt hoedrls smell something rotten going on. So in order to prevent this you print cash in chunks. So people kind of get used to the printing schedule. You should not do too many things at one time. And you just hike and relax. That is if you live in the NW. In DC you go for a walk to the park or maybe you try to relax on the beach somewhere. I think the solutions do not have to be so painful. Scotsman tell me if I am completely wrong here. I think this is what the current administration wants to do anyways. Rate this comment: 0 0
By: | Jul 07, 2015 | Report Comment
Rainbow
JonathanSFHS | Region 3
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