Depression would be great, we would reset debt to zero, we NEED depresion

think about it
the FED would have no choice but to reset debt based currency
as for China and the rest of the world, They will have learned a hard lesson in life
you can't trust foreign countries such as USA as your safe bank for your money
they can't do nothing to us because we have the NUKES
so the world learns a lesson and we move on,
sure we move on bitterly
but we move on

 

in the mean time US has lot of obesity

depression will make us more healthy

those who don't off themselves will be skinny and more attractive

 

Doubt it.

1. That would bankrupt nearly all Americans as the $USD plunged to near zero.

2. Nobody would buy US Treasuries again without "adequate compensation for taking the risk of default"... 25% interest maybe?

Your handle... is that like "Hello" in Japan?

 

This needs to go to Chit Chat.

 

Depression doesn't reset debt back to zero.

Yes, we need a more stable debt situation, a better equilibrium between lenders and borrowers, but a depression only leads to bigger debts! Take a look at the US debt during the 30s as they tried to get out of it.

 

you don't get it, I am talking about RESET, complete restructuring of financial system

HELLO, anyone heard of Argentina

you brainwashed Americans, you think it can't be done

 

Don't you think OP was referring to "debt default"?

It would be financial suicide for America to do it officially... however erosion of our debt's buying power is a "technical default"... which we are likely doing right now.

 

see my answer to Gnome on page 1

it can be done, it can be done big time

 

as I said, one word, Argentina

 

You're going to have to define "reset". Doesn't somebody get hosed on the reset? And would the world want to buy our debt again if ANYBODY got hosed big-time?