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In the 90s, Argentina’s debt continued to grow. Their lender of last resort, the IMF, continued to lend and extend payment timetables. Much IMF funding is inspired by the Oughout.S. Our lender of last resort, the Fed, has continued to give loan to the government and for manyof intents and purposes, are extending payment schedules since debt is consistently rolled . Consider the Fed is performing this method to to fill a void by reluctant private lenders at currently low charges and when those same interest rates low – yet more distortion.
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