Debt can be wiped out by hyper inflation.
I have suspected for some time that Stagflation may come to the fore instead.
Some countries haven't kept their finances in order and the US fallout could hit them as well.
When talking about gold, it pays not to look too far ahead as self interests by IFM members may override possible sane decisions.
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http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=146427#423930
Gerry
