UN claims 50 countries close to debt default. What does this actually mean? Practically every country has been insolvent for decades.

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UN claims 50 countries close to debt default. What does this actually mean? Practically every country has been insolvent for decades. (www.rt.com)

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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(((small rootless international clique))) https://archive.org/details/223AdolfHitlerRootlessInternationalClique

(((rootless cosmopolitan))) https://en.wikipedia.org/wiki/Rootless_cosmopolitan

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