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What would happen if the world's debt disappeared?

#23

Quote:I think you mean the yuan.  Possibly, but the next global currency may need to be gold backed since every unbacked currency is collapsing.  People are stupid, but you generally need to wait a full generation before pulling the same scam.  Meaning: when all currencies are worthless, people will be reluctant to trust a new currency which is also inherently worthless.  It's just different ink on the same paper.
Thanks for correcting me.

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, 08:17 PM



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