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Tuesday, August 4, 2009

The Clincher

Rising interest rates on the US national debt is going to be the straw ( or should i say "log pile" ) that breaks the camels back ! and has been on the back of many minds for a long timewhen the US$ finally tanks, it will take any assets priced in US$'s down with it, like bonds etc sending interest we pay on all that debt to a level that will be much more difficult to pay. Can you say "higher tax rates"?

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