Soleron on 16 October 2012
richardhutnik said:
Perhaps what is needed is implementing of broadscale year of jubilee where debts are reset and society can reevaluate everything. The debt is dragging everything way down now. |
We were very close to this when Greece had their election. They got scared and narrowly chose pro-bailout. If they'd gone anti-bailout I think it would have triggered a cascading default of this kind. Don't think the economy could be worse off than now if that happened, but I believe it would have helped confidence lots to have the debt gone.
