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Reply to "What would a US bond market crisis look like?"
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[quote=Anonymous]The dismantling of the US government and the erratic foreign trade policy have caused the major foreign creditors to lose faith in the stability of the US economy and government. They are pulling out of the US. --> the USD is no longer the preferred reserve currency --> Interest on US bonds is skyrocketing --> it will be more and more expensive to service the debt --> services will be cut, taxes stay high, the government will print a lot more money, causing high inflation --> savings will become worthless --> everybody will be poorer except for the very rich[/quote]
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