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Don't See How US Can Ever Pay Off Debts (Jim Rogers)
- vannevar 15y agoI don't believe sovereign nations ever pay off all their debts, any more than banks ever collect on all of their loans. In a dynamic financial system, the money never comes to rest with a full accounting. It's always moving. Rogers is likely just trying to bolster the value of his gold and commodities holdings.
- gte910h 15y agoBankrupt means you can't pay interest due on your debts, not that you can't pay them off.