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Thread: Going the Argentina way

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    Default Re: Going the Argentina way

    ^^^ great find !!! There are many that claim that the USA is already well along the path toward an Argentine-like default i.e. the USA will wind up 'stiffing' the owners of US treasury bonds. Another school of thought says that the USA taxes both the rich and the middle class into oblivion in order to continue making US treasury bond payments. Yet another school says that the US Fed will simply keep printing up brand new US dollars to continue making US treasury bond payments and trigger Weimar / Zimbabwe hyperinflation in the process.

    My guess is that American taxpayers gets 'death by 1000 cuts', which very rich Americans will be able to avoid via offshore tax havens, and which the 'poor' will be able to avoid since the US gov't will continue to exempt them from most taxes as well as continue social welfare payments at reasonable levels. But this will probably devastate the finances / standard of living of the American middle class.

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    Default Re: Going the Argentina way

    plan B is scary, and plan C is a disaster! (from the second part of the interview).

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