My comment: So, just how would a debt jubilee work ? How about the fairness ? Who would get bailed out and who would not ? The banks are not so vulnerable this time...it's the zombie corporations, the pension funds, and the bond markets globally. I think the Fed and other CBs just print to try to cover it up. It would take a lot of printing.
And this from one of the comments on the article: When it begins to really hurt expect some sort of debt jubilee else the debt will be a weight around global economy's neck for very many years. Recovery will take ages otherwise.
With a jubilee other changes will occur.
I just wonder who/how to be on the right side of it. Possibly through gold but I don't trust tptb not to somehow find a way to limit gold repricing upwards.
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