Federal Reserve Delays Taper, Continues Debasement

In the 90s, Argentina's debt continued to increase. Their lender of last resort, the IMF, continued to lend and extend payment plans. Much IMF funding is produced by the You.S. Our lender of last resort, the Fed, has continued to give loan to the government and with regard to intents and purposes, are extending payment schedules since debt is rolled additional. Consider the Fed is progressing this solution to to fill a void by reluctant private lenders at currently low percentage of interest and preserve those same interest rates low - yet more distortion.



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