Some articles I have been reading this week. On debt, economic crisis, jubilee.
The reset button needs to be pressed, there is no other option. The next generation will not and should not pay for the mistakes of a few who continue to enjoy their privileges and are supported by the word of law written and influenced by themselves.
Pressing the reset button means the permanent writing off of just about all debt, sovereign and individual. A ‘debt jubilee’. But if the reset button is pressed there is a real danger that the prudent will lose out. For every debtor paying interest there is an investor or saver receiving interest (with finance institutions in the middle of course). So they should be rewarded proportionately to the wealth write-offs and those who profit at the expense of the majority should be penalized proportionately.
This is called fairness, which is an alien concept to anyone who wants to maintain the current crumbling system at any cost (to others).