https://www.zerohedge.com/page/3
So if the entire world debt of $350 TRILLION could be paid off tomorrow, who do we make the payment to? And if all that money was created out of thin air to begin with, then the debt is just as fake as the money that was loaned.
The money is fake but the debt is very real. The ULTIMATE lenders made sure of that. (If that was not the case, the Great Depression would not have happened, and neither would the next - probably Greater - one).
BTW, people who think they will be absolved of their debts or be able to pay off their mortgages etc. with devalued currency - some of whom are actually running up their credit cards to the max in anticipation of a sovereign default - are in for a very rude awakening.
The only ones who will get a free lunch are the elite Teddy Bears with their picnic in the ruins, and the ants won't be invited. (Contrary to popular lore, the people jumping out of windows during the Great Depression were NOT the elites; they were the highly indebted lower echelon of the upper class.)
OTOH, if you are debt free, have some gold, and manage to survive the 'reckoning', you may be permitted to participate in the Fire Sale.
The debt was never supposed to be repaid. It is a system designed to enslave everyone. As long as they continue to convince people that a child born today 'owes' hundreds of thousands from debt accrued before he was born this scam continues. When enough people decide they are not going to participate and the Money Changers start dangling from lamp posts, then things change very quickly.
@Cannonpointer will get a YUUGE boner reading that, since every bit of it is true
Money = fake and gay
Debt = Real and immovable as the Himalayans
The True Black Pill of our Satanic / Talmudic monetary system
I also agree with post #3…some might anticipate a massive default and be tempted to spend into oblivion, but only the oligarchs / wealthy PARASITES will have their debt erased…for everyone else it will be servitude and bondage for life (or what little remains)