Great summary of the GDP/Debt crisis. What would happen if we reached $500 trillion? Think the banks will just write it off to some degree?
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Great summary of the GDP/Debt crisis. What would happen if we reached $500 trillion? Think the banks will just write it off to some degree?
They will just keep printing more fiat to pay the bills. This will hyper-inflate currencies and leave us with astronomical prices in my opinion.