Robert Rubin - An IMF Bailout For The U.S.?
Nov 18, 2010 at 9:34 PM
DailyBail in debt and deficits, debt crisis, federal debt, federal deficit, national debt, robert rubin, robert rubin, video

Video:  Rubin speaks to students at Princeton...

Just watch the first 2 minutes.  Before someone snaps at comments, I understand that an IMF bailout of the U.S. is an impossibility - they don't have enough capital, we fund the majority of their budget, etc. - specifically because of the dollar's reserve status.  Ultimately, we can devalue our way out of the problem, and that is what's happening now, to a certain extent.

 

 

 

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