US Government Debt just doubled!
We'll see what happens to the US Dollar if this does come to fruition.
The way I see it, they're dammed if they do and dammed if they dont.
If they dont, financial markets will tank (worldwide).
If they do, crank up the printing presses cause they're going to create a crap load of money to pay for it.
Interesting to see that Gold is down at the moment. I expect this to change shortly as people realise that either way the US is stuffed.
fannie mae and freddie mac in strife, page-14
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