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What is the point of CDS's on a fiat currency? Why would any country with a fiat currency default on its debt when it can just pay the debt by printing more money? It would seem that the only thing CDS's are insuring against is the ability of the country to buy paper and ink.


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I think the debt in the United States' economy is really serious. I don't remember when was the last time that our economy was so critically in danger. We have to work together to get better.

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