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U.S. & World

Fed now unlikely to slow bond buying before 2014

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  • oldpolyman Mongmong, GU
    Oct. 11, 2013 8:41 p.m.

    The Fed will not allow a default, but like the bogus bond purchases, they'll simply monitize the debt. While bond purchasers will get paid, the influx of newly printed cash will devalue the dollar, causing the economies in many countries who rely on the the stable USD as the defacto currency, to collapse. I would suspect that the USD would then be soon replaced as OPEC's reserve currency by another currency.

  • KDave Moab, UT
    Oct. 10, 2013 8:52 a.m.

    The top 1% just got richer.