Global debt saturation. So why not just cancel most debt?

[GRULSTMRNN]

Trillions printed and nothing changed? I am out of here, this is getting too dumb.

They might think that they have a higher priority claim on an asset base that hasn't changed. Fewer shares, but nothing else changed.

 

[zdreg]

I agree. Nothing bad can happen anyway. The only thing bad is inflation but we can all agree it is NEVER EVER coming with this aging population.

voodoo economic never dies.

 

[noddyboy]

voodoo economic never dies.

Well it certainly frustrates the academics who short the rally. Seen it over and over.

 

[ph1l]

Here is a proposal to pay off the U.S. national debt:

http://www.themoneymasters.com/monetary-reform-act/

The Two Step Plan to National Economic Reform and Recovery

Step 1: Directs the Treasury Department to issue U.S. Notes (like Lincoln’s Greenbacks; can also be in electronic deposit format) to pay off the National debt. Step 2: Increases the reserve ratio private banks are required to maintain from 10% to 100%, thereby terminating their ability to create money, while simultaneously absorbing the funds created to retire the national debt. These two relatively simple steps, which Congress has the power to enact, would extinguish the national debt, without inflation or deflation, and end the unjust practice of private banks creating money as loans (i.e., fractional reserve banking). Paying off the national debt would wipe out the $400+ billion annual interest payments and thereby balance the budget. This Act would stabilize the economy and end the boom-bust economic cycles caused by fractional reserve banking.[\QUOTE]

 

[tsznecki]

What would you call a Chinese or HK person who stubbornly insists that property prices can only go up? Y

Well, there is only so much land in HK. Even if the city government was to let it all go, there is still only so much land.

 

[Turveyd]

Fight Club, blow up the computers that store all of the private debts, but there private companies and likely worth Trillions so no way the governments could buy them and cancel them, sure increase public spending mind.

Inflation, to make debts value reduce massively is what is required, but nobody big seems to be allowing this normal cycle of events to happen sadly.

 

[Johan293]

Simple, debt is debt is debt. No difference. Debt is extended for one single reason. The faith that it is being repaid. Without that nobody will extend debt. Which part is hard to comprehend here?

Are you saying all debt is just as important? That is not true.

You think we can get out of this mess by adding more debt?

 

[Johan293]

Simple, debt is debt is debt. No difference. Debt is extended for one single reason. The faith that it is being repaid. Without that nobody will extend debt. Which part is hard to comprehend here?

My point was that when governments cooperate they can take control of markets. And later issue debt themselves instead. This house of cards we live in now will crash and it´s going to be much worse than 1929. Even you must be able to see that.