Will Our Private Savings Be Sacrificed To Pay Down The Public Debt?
by Tyler Durden
ZeroHedge.com
10/20/2014
Many nations have gone through periods in the past where they’ve had very high levels of government debt. There are four traditional ways of dealing with that… decades of austerity, defaulting on government debts, inflating away the value of debt by rapidly destroying the value of currency, and government’s favorite – “financial repression” – a process that is complex enough that the average voter never understands how it works, thus allowing governments to use this potent but subtle method of taking vast sums of private wealth, year after year, decade after decade, with almost no political consequences.
The Rest…HERE
