Quote:
Originally Posted by TheDoc
Any debt created on our printed money can be wiped out. All they do is use an eraser, and remove the interest, and not the actual debt. So next to the 1.5 trillion would be a spot waiting for the 1.5 trillion to be paid back, instead of 3 trillion. Or actually, 6 trillion, because debt would be created to pay it back.
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that's a default. just deleting the entry? you can't just delete an entry like that, right?
not to mention the other potential consequences many economists believe something like this would trigger, several of which i posted earlier.