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In response to
"that's silly. the market isn't going to disappear....nm"
by
x
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not the market itself, but our dollar is backed only by faith and trust in the fed reserve, stocks become worthless if the dollar becomes worthless in
Posted by
zeitgeist
Oct 22 '08, 17:11
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the eyes of those who hold the debts, like the chinese and saudis.
what if our bonds, those 11 trillion in national debt become junk bonds at 10% interest, what would a trillion in interest a year do for our national budget and economy.
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Responses:
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