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The second financial firewall is between U.S. currency and government debt. The Federal Reserve could unleash the Zimbabwe option. My expectation is that, faced with the alternatives of seeing both the dollar and the debt become nearly worthless or defaulting on the debt while saving the dollar, the U.S. government will choose the latter.
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owner: lukeavedon - (no access) - Why A US Default is Likely Hummel, p4


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