Europe has been desperately trying to keep Greece in the Euro because otherwise it will monetize its debt, and that would be a default. We have monetized loads of ours, and are talking of doing more with another round of QE. In other words we have defaulted on Trillions already and stand ready to do more of it.
Three-Year Note Auction Gets Weak Reception - US Business News Blog - CNBC:: www.cnbc.com/id/46298500
http://chumly.com/n/106bf8f
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