vtsnowedin wrote:Is not every debt owed to whoever lent the money? If the world has huge debts then somebody has huge accounts receivable.
onlooker wrote:vtsnowedin wrote:Is not every debt owed to whoever lent the money? If the world has huge debts then somebody has huge accounts receivable.
That's assuming they can collect. Also when its only Bankers who stand to gain, that does not seem like a prescription for a healthy Economy
pstarr wrote:Debt is not the problem. Debt is home mortgages for families, debt is business loans, debt is promises between a dad and son for a college degree. Debt is a handshake. Debt is municiple bonds that towns and cities use to build sewers and highways. Debt is not a problem. The inability to pay off a debt is the problem. ...
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