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antidote101 ,

A country can’t default on bonds to its self. It doesn’t make sense, and out of all the countries in the world the US owes Japan more money than anyone else.

No country on earth has ever gone into hyper inflation due to owing it’s self, there has always been an external force draining it of money… This was not the case with Japan, and so the situation continued for three decades and is called a miracle.

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