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Jacksonville Jaguars Fan Forums Other Stuff Political Talk What would happen if the world's debt disappeared?


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What would happen if the world's debt disappeared?

  • Offline copycat
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07-10-2016, 07:07 PM (This post was last modified: 07-10-2016, 08:17 PM by copycat.)

Quote:Hmm, not sure why I thought that needed to be clarified. My reply was more to the thread than your exact post. I wanted more to comment on golds limited value outside of being a traditional safeguard for currency. For instance the 'petro-dollar' of today is somewhat useful as we force oil to be traded in dollars thereby making the dollar attached to something of A. Real value, B. Great need. However, by lifting sanctions on Iran and letting them promptly proceed to sell their oil for EUROs only we kind of screwed ourselves.
I think the fact that we have amassed so much debt as a nation has led to the deflating of the value of the dollar.  Let's be honest, the Yuan will most likely soon be the international currency.

Original Season Ticket Holder - Retired  1995 - 2020


At some point you just have to let go of what you thought should happen and live in what is happening.
 

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What would happen if the world's debt disappeared? - by Guest - 07-10-2016, 12:20 AM
What would happen if the world's debt disappeared? - by copycat - 07-10-2016, 07:07 PM



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