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Currencies
1 Comments in Response to Marc Faber On The Death Of Fiat Money - "Dollar Will Go To A Value Of Exactly Zero"
YES THE CURRENT INTEREST PAYMENTS IS $24,000 PER SECOND. READ THAT AGAIN $24,000 A SECOND. THE TREASURY CANNOT PAY AT THIS RATE NOR BUY BACK THE BONDS, SO THEY JUST KEEP ROLLING THE DEBT OVER AND SELL MORE BONDS WITH FIAT MONEY TO THE FEDERAL RESERVE. IT IS CALLED (BY THE FED) COST FREE EARNINGS. WAKE UP AMERICANS, IT MAY ALREADY BE TOO LATE.