Topic: World debt and currency reset - page 3. (Read 785 times)
Not even a chance, the reason why some countries have power/authority over some country is because of debt. They have control over natural resources, manpower, business expansion, etc because of debt. If we will all go back to zero leading countries will lose their power.
I don't think the government will be able to write off debt. because surely this will be refused by those who give loans. they will try hard to get their money back. the state is also like that if a country owes to another country if the country is unable to pay the debt then surely they will take the country's land in exchange for their debt. and changing currencies is not a good way to settle debts. because there are still parties who will be harmed.
How come it would be reset when in the first place their debt wasn't in the government. It ain't working that way, people who lend their money might get their wealth fall down. And in addition, people who had alot of debt might abuse such system 'cause it is definitely their advantage and would probably result to big problem and worst chaos.
Well, it is not a wonder to behold because the financial players up there in their exclusive ivory towers are the ones who dictate all the rules. Down here in our dirty world, that is too much to imagine. That is impossible in our limited world. But for those who are up there who made money itself, created them up to how much they want, distributed them to whoever they prefer, and used them to destroy whatever they want destroyed, that is very possible. That is why fiat is plain bullshit. Bitcoin and crypto is our best weapon against them.
How come it would be reset when in the first place their debt wasn't in the government. It ain't working that way, people who lend their money might get their wealth fall down. And in addition, people who had alot of debt might abuse such system 'cause it is definitely their advantage and would probably result to big problem and worst chaos.
They will restart the whole system and nobody have no debts at all.
There is possibility for that. There is what is called debt forgiveness. The government do that sometimes to its
states when it is obvious that the debt is too much or sometimes, some part of the debts are cancelled.
Debt is not all bad. For example, if you own a company, you will always have debts for multiple activities, e.g., investing activities, operational activities, etc. A company might have short term debts for raw materials provided by its suppliers at some point. Hence, if the mentioned company goes default, the effect would spread to other companies. There's no such thing as wiping out the debts or "reset," if not all the affected parties can all agree with it.
The same logic can be applied to the country's debt or sovereign debt. If a country goes bankrupt (or default), there will be negotiations between all stakeholders. Well, the lenders can indeed forgive/erase the debt, but that's usually when the borrowers are too miserable at the point of the lenders think that no way the country will be able to recover ( and repay its debt).
The same logic can be applied to the country's debt or sovereign debt. If a country goes bankrupt (or default), there will be negotiations between all stakeholders. Well, the lenders can indeed forgive/erase the debt, but that's usually when the borrowers are too miserable at the point of the lenders think that no way the country will be able to recover ( and repay its debt).
No, no they can't just bloody wipe the debts of the world, write it off like it's a bloody joke. They must properly address such events otherwise history would only repeat itself. I'm pretty sure OP posted this because of the recent announcement of the global debt by the end of the year , which amounts to $255 trillion, which is honestly not a small amount.
I just wish the government could provide a proper solution, instead of deceiving the masses, making them accumulate more debt to pay the global debt. Them not addressing the problem early on really gives out the message that they don't give a thought about anything that could happen to the world economy.
I just wish the government could provide a proper solution, instead of deceiving the masses, making them accumulate more debt to pay the global debt. Them not addressing the problem early on really gives out the message that they don't give a thought about anything that could happen to the world economy.
There were cases of huge national debts that were totally scrapped. That is one thing that we should not be seeing. That implies one most important thing, that the fiat system is perfect in its imperfection and is not reliable at all. The system is as flawed as it is being ruled by people whose subjective decisions will put other people or countries at the cruel end of poverty while the others live a decent life. And only for what? Only for their decisions about a certain fiat which has no actual value in truth.
Such cases should not be easy to erase because they will not have any responsibility at all, it is better than any debt must be resolved fairly, the system is not instantly able to be good, only all the systems used can still be revised and carried out evaluation so that it can create a strong system and no more disability. such a process must be gone through and is mandatory because it can later provide a powerful system. 
There were cases of huge national debts that were totally scrapped. That is one thing that we should not be seeing. That implies one most important thing, that the fiat system is perfect in its imperfection and is not reliable at all. The system is as flawed as it is being ruled by people whose subjective decisions will put other people or countries at the cruel end of poverty while the others live a decent life. And only for what? Only for their decisions about a certain fiat which has no actual value in truth.
When the world economy implodes I doubt that anyone would even slightly care about Bitcoin.
In fact, I strongly believe that as long as Bitcoin is a risk-on asset, it's much better for Bitcoin to have the world economy to not implode. The more confident investors and institutions are in the economy, the more risk they are willing to expose themselves to, which is what we have seen with stocks and other risk-on assets. They keep increasing.
Well sooner or later, those Governments that are doing some kind of financial stunts would one day start to feel the symptoms preceding to financial meltdown. And of course they have to take risks as much as they can just to keep their economy afloat unmindful of a possible financial catastrophe that might happen!In fact, I strongly believe that as long as Bitcoin is a risk-on asset, it's much better for Bitcoin to have the world economy to not implode. The more confident investors and institutions are in the economy, the more risk they are willing to expose themselves to, which is what we have seen with stocks and other risk-on assets. They keep increasing.
Bitcoin needs much more time to grow on non crypto people as store of value and safe haven asset. How much time I can't say, but I presume at least another decade.
Absolutely! It would be better if Bitcoin's advantages will be recognized and be allowed to grow with confidence among non crypto people though I think a decade will not be enough to achieve optimum adoption. Imho. 
the fact is that no government in the world can erase someone's debt because debt is an obligation that must be fulfilled. On the other hand, even though we have no debt to the government but in fact we still have a state debt that is actually borne by each individual country since he was born. Therefore it is very ironic. People do not know anything but bear the debt since he was born into the world.
I think debt will disappear when all the world's financial models are destroyed and returned to barter.
I think debt will disappear when all the world's financial models are destroyed and returned to barter.
But I think the banks and government will wipe of some ammount of debt.
I think it comes down to mortgage owners i think the mortgage debts will be wiped off.
Some how the world must Go on... Government is not interested about panic or massive collapse...
They Want people will produce and economy will Go on.
The debt deleting is only option here what i see!
Other options like letting the crisis coming are much more painful and over all much more expensive since it cost a lot money to run military Operation when are in martal law situation.
I think it comes down to mortgage owners i think the mortgage debts will be wiped off.
Some how the world must Go on... Government is not interested about panic or massive collapse...
They Want people will produce and economy will Go on.
The debt deleting is only option here what i see!
Other options like letting the crisis coming are much more painful and over all much more expensive since it cost a lot money to run military Operation when are in martal law situation.
there is no deleting. a country's military power matters as well.
if your country owes from China, you will have to negotiate what could happen. a result could be china will own a vast land in your country. for a country to loan there will be collateral just like if you loan someone here in the forum. they'd put pressure on you by sending fleets, mine your resources. or you accept to have a Chinese president in your country, hows that for a trade of debt?
Interestingly, just came across this article - ‘Plan A Has Failed’ — Global Debt to Hit $255T or $12.1M per Bitcoin that clearly demonstrate that the world economy might implode and that it highlights Bitcoins importance in contrast with fiat economy!
When the world economy implodes I doubt that anyone would even slightly care about Bitcoin.
In fact, I strongly believe that as long as Bitcoin is a risk-on asset, it's much better for Bitcoin to have the world economy to not implode. The more confident investors and institutions are in the economy, the more risk they are willing to expose themselves to, which is what we have seen with stocks and other risk-on assets. They keep increasing.
Bitcoin needs much more time to grow on non crypto people as store of value and safe haven asset. How much time I can't say, but I presume at least another decade.
A reset is impossible to happen IMO.
If the debt has been huge enough, do you think that the lender will just allow it to pass? there's a massive resources, time and wealth that has been used for that debt and a reset will be the solution? I don't think that they'll allow that to happen.
If the debt has been huge enough, do you think that the lender will just allow it to pass? there's a massive resources, time and wealth that has been used for that debt and a reset will be the solution? I don't think that they'll allow that to happen.
That's what happens with uncollectable debts. What else are they going to do? If the US defaults on its debts to China, what is China going to do about it, invade the US with their military?
Governments are clearly manipulating their economies and monetary system and that World debt will continue to inflate not unless a significant intervention happens - possibly from crypto industry! 
Interestingly, just came across this article - ‘Plan A Has Failed’ — Global Debt to Hit $255T or $12.1M per Bitcoin that clearly demonstrate that the world economy might implode and that it highlights Bitcoins importance in contrast with fiat economy!
Interestingly, just came across this article - ‘Plan A Has Failed’ — Global Debt to Hit $255T or $12.1M per Bitcoin that clearly demonstrate that the world economy might implode and that it highlights Bitcoins importance in contrast with fiat economy!
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Never before has the combined debt of the world been so high. As Bitcoin continues to rise in prominence, efforts have increased to educate consumers about its benefits as hard money — money which no authority or single actor can manipulate.
What the Governments do about that?
Do you think they can just wipe off the debt..
Let's Say people own debt what they cant repay so the government can just restart everything all over again people debts will be just deleted and everything will start again?
What You think what the government will do Around the world?
Are they gona replace the currency with other currency?
They will let the economy to fall Down
They will restart the whole system and nobody have no debts at all.
There will be a big war if the world debt are gone. Example here is China and USA, we all know that despite of the trade war USA has a lot of debt to China and he needs to pay that and there’s no say to restart that debt because it will continue to increase over the years. There’s no such thing like rebooting the whole system, we are all trap on big debts. Do you think they can just wipe off the debt..
Let's Say people own debt what they cant repay so the government can just restart everything all over again people debts will be just deleted and everything will start again?
What You think what the government will do Around the world?
Are they gona replace the currency with other currency?
They will let the economy to fall Down
They will restart the whole system and nobody have no debts at all.
A reset is impossible to happen IMO.
If the debt has been huge enough, do you think that the lender will just allow it to pass? there's a massive resources, time and wealth that has been used for that debt and a reset will be the solution? I don't think that they'll allow that to happen.
As for the wiping out the debt, the interest makes it even higher so I don't think it would come.
If the debt has been huge enough, do you think that the lender will just allow it to pass? there's a massive resources, time and wealth that has been used for that debt and a reset will be the solution? I don't think that they'll allow that to happen.
As for the wiping out the debt, the interest makes it even higher so I don't think it would come.
They will restart the whole system and nobody have no debts at all.
There is possibility for that. There is what is called debt forgiveness. The government do that sometimes to its
states when it is obvious that the debt is too much or sometimes, some part of the debts are cancelled.
no. that is not possible. you think you will just delete all and get away with it if you have debt to pay to me? will be beat up by the bunch of mobsters i will hire to take the valuable things you own. if you own money to someone and you can't pay in the agreed date, your ass belongs to them.
the government will keep stealing from their people to pay debts thats how it works. if it meant they will inflate their money they will do it to show they are doing something.
This is about a government letting go of certain debts for the comprising/federating unit and not a government wiping off an individual debt to the government, an organization or agency, no.
I believe the government can do that inform of what is called bailout if her citizens are getting impoverished where the state government can't fund the state properly as a result of debt servicing to the central, maybe like in a con federal system.
What the Governments do about that?
Do you think they can just wipe off the debt..
No, it'll be impossible, countries all owe debt to each other, and one country might owe an amount and another country might owe them money... It's the world cycle.Do you think they can just wipe off the debt..
Let's Say people own debt what they cant repay so the government can just restart everything all over again people debts will be just deleted and everything will start again?
That's never going to happen, I'm pretty sure slowly but surely the debt epidemic will just vanish.What You think what the government will do Around the world?
Are they gona replace the currency with other currency?
They will let the economy to fall Down
They will restart the whole system and nobody have no debts at all.
Resetting it isn't an option, it'll be too large scale to do it, and replacing their currency with a completely new one will not work, and still won't wipe any debts, as well as it being just a complete waste of time. Are they gona replace the currency with other currency?
They will let the economy to fall Down
They will restart the whole system and nobody have no debts at all.
But I think the banks and government will wipe of some ammount of debt.
I think it comes down to mortgage owners i think the mortgage debts will be wiped off.
Some how the world must Go on... Government is not interested about panic or massive collapse...
They Want people will produce and economy will Go on.
The debt deleting is only option here what i see!
Other options like letting the crisis coming are much more painful and over all much more expensive since it cost a lot money to run military Operation when are in martal law situation.
I think it comes down to mortgage owners i think the mortgage debts will be wiped off.
Some how the world must Go on... Government is not interested about panic or massive collapse...
They Want people will produce and economy will Go on.
The debt deleting is only option here what i see!
Other options like letting the crisis coming are much more painful and over all much more expensive since it cost a lot money to run military Operation when are in martal law situation.
there is no deleting. a country's military power matters as well.
if your country owes from China, you will have to negotiate what could happen. a result could be china will own a vast land in your country. for a country to loan there will be collateral just like if you loan someone here in the forum. they'd put pressure on you by sending fleets, mine your resources. or you accept to have a Chinese president in your country, hows that for a trade of debt?
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