Economist: civilization may not survive "death spiral"

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Mr Khan said:

Mnementh said:
This is talking about debts, money and the like. Goods will be produced by companies, that at the moment work. Problem is, that both are entangled. But money exists because the government made rules for it. If the economy is in trouble only because of the financial system, the government has many ways to do something. Most of this will not be good for banks and other financial institutes, but as they produce nothing really valuable it will be acceptable in a situation of crisis.

That's what i was thinking, too. The joys of a fiat money system is that, at the extreme of things, it can all be rewritten and handwaved away. To the detriment of big banks and major stockholders, but what have those folks done except screw us over in the past four years anyway?

Somehow the bankers will come out of this fine, lol. It'll probably be the regular joe that gets screwed over (as always). 

Money is really just an instrument of power, if you have it, you have power and thus any type of future regulation would protect the rich first and foremost as they're the ones writing the rules.