Global debt forgiveness coming?

Discussion in 'Economics' started by Debaser82, Feb 18, 2009.

  1. Has happened in the past.

    Will happen again in the future.

    Must happen again in the future.

    Too much debt.

    Banks and countries are crippled by debt.

    So some kind of agreement will be forged between creditors and debtors.

    Only question is...

    Cui bono?

    As a benefit to whom?

    Country wise I believe G7 would have to be abolished in favour of mostly China probably?

    Powershift from West to East.

    And how about the banks...

    They wont print 200 trillion $ to save the banks. That's just ludicrous...

    But here it's not so clear who is the "China" in this game.

    Who's fiat do we need here to forgive banking debt?