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I think that President Obama plans to borrow more US dollars back from the Foreigners that earned the US dollars manufacturing US consumable products and then provide temporary jobs for unemployed US citizens to construct "Pork Barrel" projects, or rake leaves, or dig a hole today and then...
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It's very difficult to find an explicit description of the entire process. I think I understand the story, but I want to run this by you guys to see if you spot any errors: The Process of Monetization of the Debt (1) The US government runs a deficit and borrows money by issuing bonds that must be...