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In the 90s, Argentina's debt continued to climb. Their lender of last resort, the IMF, continued to lend and extend payment lifestyles. Much IMF funding is due to the Oughout.S. Our lender of last resort, the Fed, has continued to give the government and with regard to intents and purposes, are extending payment schedules since debt is rolled through. Consider the Fed is performing this so as to to fill a void by reluctant private lenders at currently low interests and assist those same interest rates low - yet more distortion.
