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santiago: The only reason that you could pay for such debt while also lowering interest rates to zero

Sorry, I have a very hard time understanding things financial and economic, to put it mildly -- could you explain a bit more this relationship between the lowering of interest rates and the repayment of these dollar-denominated debts?

The West won the world not by the superiority of its ideas or values or religion, but rather by its superiority in applying organized violence.

by marco on Wed Sep 2nd, 2009 at 10:50:07 AM EST
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