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RE: Global Credit rating Update. The Truth about Debt!
The question here is, how these debts will be repaid. There are some wishful-thinking-theories saying that they will be forgotten and forgiven. I would not count on that!
I've wondered about that idea. Could government's cancel debts in equal quantities using a measure of say gold at a given point of time? 🤔
The people could, but I think government will collapse before that time.
One thing is certain - the taxpayers will have to pay the bill. That is one thing you can count on.