At some point governments around the world will recognize that band aids do not work. There are three ways the debt default resolves:
Print lots of money
Default and reset the entire economic system - pensions and all
Revalue Gold to $ 5000 per ounce or more
If they revalue gold they will default on all the paper contract markets first.
Print lots of money
Default and reset the entire economic system - pensions and all
Revalue Gold to $ 5000 per ounce or more
If they revalue gold they will default on all the paper contract markets first.
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