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...and off the cliff we go
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Anonymous Coward |
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What would happen if all debt were to be cancelled? Global and personal, clean slate?  It will happen eventually, either through war or inflation. Probably both. Inflation makes the real value of debt melt like butter on a hot skillet. What if it was a global decision, to re-start the economic system, free of debt and with bans on exorbitant interest rates? Since the people who control the financial architecture derive their power from debt, credit, and interest rates, it strikes me as highly unlikely they would agree to do this. Especially as they are all psychopaths.
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