WASHINGTON (AP) — Forget about the government minting a $1 trillion coin to solve its debt-limit crisis....
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This WILL happen. Not in the form of a “trillion dollar coin” – that’s just silly. But the Government has now shown it is incapable of reducing our exponentially-increasing level of entitlement spending, and the Government is reaching the limit of REAL money others are willing to lend it, so sooner than later the ONLY alternative to default on our debt is quantitative easing. Creating money from thin air. In increasingly large amounts. That will lead to hyperinflation, devaluation of the dollar to near zero, and economic anarchy. But it WILL solve the debt problem.
When the Government’s gigantic Ponzi scam finally collapses, remember liberals, you built that.
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