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Mr. Pete's avatar

My prediction is interest rates will stay higher for longer until the US shows markets it is serious about the debt situation. There will have to be a combination of spending cuts and tax hikes like we had in 1990 and 1993.

We're already spending more on interest on National Debt than on defense which is just insane

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Paul's avatar

Great article... If you are in debt, you are a slave to the lender...

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Chico durden's avatar

great article! in our economy, our money is created when debt is created. This is why it´s a financial slavery system.

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Chico durden's avatar

Bitcoin will free us from debt slavery

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