Quote:
Originally Posted by Edward Anglin
Debt reduction is always good, Ferd.
It's not a cure all, but it surely does help.
America is not what she was, and America will never again be what she was.
That's not pessimism, that's reality.
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Actually debt reduction with a dollar going down is not good. If you start making 20,000 dollars a week in 2 years, debt service is easy. This is why china is afraid of dollars. The paying of debt in a few years gives them dollars worth less than pesos.