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In the 90s, Argentina's debt continued to accelerate. Their lender of last resort, the IMF, continued to lend and extend payment cycles. Much IMF funding is due to the Oughout.S. Our lender of last resort, the Fed, continues to lend to the government and for several intents and purposes, are extending payment schedules since debt is consistently rolled over. Consider the Fed does this to be to fill a void by reluctant private lenders at currently low charges and aid keep those same interest rates low - yet more distortion.

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