by Remundo » 18/03/12, 19:42
He does not envisage that ...
He also talks about other possibilities: default, or the deletion of debt in private banks.
Paying off all debts is as silly as defaulting.
There are 3 possible levers:
- partial cancellation of debts
- partial repayment of debts
- massive monetary issues
But as long as the systemic causes of over-indebtedness remain in place, playing with these 3 levers is futile.
In addition, now begins to join the party peak-oil, in short, the scarcity of energy resources to revive economic activity ... on the contrary, it risks contracting it more.
So much so that a structural recession (and to is not far away.
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