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

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

 

voodoo economic never dies.

 

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

 

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

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

 

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.

 

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.

 

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?

 

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.