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Bitcoin Breaks $100 Usd

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In the 90s, Argentina's debt continued to increase. Their lender of last resort, the IMF, continued to lend and extend payment itineraries - http://www.wikipedia.org/wiki/itineraries . Much IMF funding is a result of the Ough.S. Our lender of last resort, the Fed, has continued to give loan to the government and for all the intents and purposes, are extending payment schedules since debt is consistently rolled . Consider the Fed is performing this as a to fill a void by reluctant private lenders at currently low loan rates and eliminated those same interest rates low - yet more distortion.

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JK: Do not think think people are hedging against the euro with Bitcoin. The crisis brought a much more attention and exposure to Bitcoin. People found out about Bitcoin because of this euro crisis, but nobody is flooded by people from Cyprus trying to buy bitcoins, so it is not a direct correlation.

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