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With every economy based on fiat currency and Keynesian economics, debt is simply a ledger entry. There's no actual debt. So what exactly does a default mean?

I suppose they mean paying more on interest than what the GDP is. But so what? It's all fake and gay. The talk of "restructuring" means what? Rewriting the loan with longer payment terms?

With every economy based on fiat currency and Keynesian economics, debt is simply a ledger entry. There's no actual debt. So what exactly does a default mean? I suppose they mean paying more on interest than what the GDP is. But so what? It's all fake and gay. The talk of "restructuring" means what? Rewriting the loan with longer payment terms?

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[–] • 2 pts

(((International cartels)))

Yeah - making them wards of the state is already what they are, but not to a country.

Guterres said that 3.3 billion people lived in countries that were spending more on interest payments than on health or education.

This is the goal. They’re already there.

There’s a book, Confessions of an Economic Hitman, that details out exactly how this happens. It’s just happening on a larger and larger scale ….