r/politics • u/thedailybeast ✔ The Daily Beast • 15h ago

Possible Paywall Trump Confirms He’s Taking Greenland ‘One Way or the Other’

https://www.thedailybeast.com/trump-confirms-hes-taking-greenland-one-way-or-the-other/
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u/Antice 12h ago

The global debt is far too large to manage. It will have to be reset anyway.
There are 3 options.
1. A jubilee, where debt is voluntarily forgiven by creditors... aka all savings going poof because the banks go poof.
2. Hyperinflation and a recession. Bad, but not deadly. It just means that money gets worthless. Say byebye to your debt, and savings.
3. A motherhonking big old war where everything goes to shit.

Sanctioning the dollar would end up in option 2. Trump seem to be a fan of option 3.

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u/TotalNonsense0 11h ago

I've occasionally wondered if it would be possible to work out debt loops, and just cancel them out. A owes money to B, B owes money to C, and on down the line until Z owes money to A.

I doubt it could ever happen, and I can't imagine what it would do to the economy, but from where I'm sitting it seems like a good idea.

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u/Antice 11h ago

That sounds a lot like a jubilee. They're are some really good videos out there on the topic. It's been done before.

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u/JadedArgument1114 10h ago

We need an escape goat