now youv'e got it. the Fed will fight the impulse to buy that debt because they know where it will lead -hyperinflation. but let me ask you a question, if the consumer can't buy the debt because we have a negative savings rate and foreign central banks are already choking on our dollars(63% of all reserves), then who will purchase the $59 trillion of debt we have built in to our economy?
Submitted by Michael Pento on Tue, 2008/08/19 - 4:11pm »
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