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Replies to post #95969 on Zeev's Turnips Patch-No Politics (ZEEV)

Replies to #95969 on Zeev's Turnips Patch-No Politics (ZEEV)
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Zeev Hed

04/09/03 6:07 PM

#95972 RE: wstera2 #95969

Debt eradication always involves deflationary pressures, some banks are holding that debt (maybe governments?) and they will suffer if forced to write these down.

Zeev