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where the coffee is hot and so is the chat
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Big fat NO. We would not be here, if it was the case.
No balls
Nope, no, never… 🙄
Nope he's bought and paid for by the brandon regime
How would a Volker scenario even be possible in today's climate? With the government's nearly $31 Trillion in debt, double digit interest rates would make the debt unserviceable. The government would not be able to afford the interest payments on the debt, which would cause a default, which would end the USD as the world's reserve currency. I don't see the fed funds rate goin any higher than maybe 5%. And don't even get me started on overall consumer debt we have both a mortgage bubble and auto loan bubble not even including the student loans the government is just now bailing out.
Volckan's Hammer strikes again!