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A US debt default could spark mass unemployment, payment failures, and catastrophe that would raise interest rates 'into perpetuity,' Treasury Secretary Janet Yellen warns
Yahoo! Finance ^
| 04/26/2023
| Jennifer Sor
Posted on 04/26/2023 11:23:14 AM PDT by millenial4freedom
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To: C210N
We've ONLY paid interest on it since the beginning, not a plug nickel ever paid in principal...Andrew Jackson retired the national debt in order to put an end to our second central bank.
41
posted on
04/26/2023 12:55:37 PM PDT
by
Publius
To: Publius
That’s what will eventually happen.
Let hyperinflation kick in. Pay all debt off to zero with dollars that are completely worthless. Then institute a new currency. Voila, no indebtedness!
And let the cycle begin again.
42
posted on
04/26/2023 1:16:47 PM PDT
by
TheConservator
(Beware the tyranny of the woke mob. There has never been a greater threat to liberty.)
To: millenial4freedom
So if it’s so bad, swallow your pride and work out a deal with the Republicans, so as to avoid it.
43
posted on
04/26/2023 2:02:57 PM PDT
by
Eleutheria5
(Every Goliath has his David. )
To: millenial4freedom
“mass layoffs of government officials”?
Sounds like a wonderful idea!
44
posted on
04/26/2023 2:13:26 PM PDT
by
Deo volente
("When we see the image of a baby in the womb, we glimpse the majesty of God's creation." Pres. Trump)
To: millenial4freedom
Ph please! Janet has been wrong about everything to date.
45
posted on
04/26/2023 2:16:50 PM PDT
by
Chgogal
(Welcome to Fuhrer Biden's Weaponized Fascist Banana Republic! It's the road to hell.)
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