The Great Western Crackup (lewrockwell.com)
- Highlight Loc. 62-65 | Added on Wednesday, December 07, 2011, 10:47 AM
Perhaps the analysts at Fitch realize that if the Fed were to stop buying Treasuries, say because consumer prices started rising too quickly to ignore, then rising interest rates would add additional trillions to the debt problem, making default inevitable. Or maybe they're starting to realize that getting paid back the whole coupon in worthless dollars is just another form of default.
