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Getting close to hitting the panic button?
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Anonymous Coward |
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Obviously none of the problems leading into '08 were fixed, they were just swept under the carpet with a ton of more debt, and monetization of future debt, that is monetizing the future value of the debt since it was apparent if left by itself it could never yield it's future value by production from the real economy. Most debt now is of this type, nearly all of it will need to be monetized, that is the euphemism for liquidation so no one is allowed to fail.
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