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MUST WATCH - FINAL WARNINGS REPORT : Economic Precipice Near
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Ron Paul said, "they(The FED) give us unemployment, our bubbles and our recession" (8:55 into the video)
Wow! NUFF said!
Paul asked what would happen if interest rates rose by 1% that would add another 140 billion dollars to the debt....I pose the question to Dr. Paul, "What would happen to interest rates once we do not raise the debt ceiling and default on our debt obligations?" Our credit rating would be downgraded to junk status and interest rates would skyrocket!!
Either way we go we are screwed! Regardless of whether we kick the can down the road some more by raising the debt ceiling or defaulting on our debt obligations the next few years are going to be painful and ugly!
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