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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 routines. Much IMF funding stems from the Oughout.S. Our lender of last resort, the Fed, continues to give loan to the government and for several intents and purposes, are extending payment schedules since debt is consistently rolled about. Consider the Fed did this to become able to fill a void by reluctant private lenders at currently low loan rates and preserve those same interest rates low - yet more distortion.
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