No point worrying about something you can't change.

Once the debt burden becomes untenable (and we're not yet there), you can only switch to a new monetary system. You can't pay this debt down in the currency it was created in because the currency is created through the issuance of more debt.

Reply to this note

Please Login to reply.

Discussion

Universal debt relief is needed. Halal banking introduced worldwide and back to some kind of gold or/and commodities bound currency. Problem solved?🤔

Yes, we need commodity-bound or (even better) commodity currency.

Bitcoin really does fix this.