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<p>[QUOTE=&quot;Stephan77, post: 2256344, member: 74244&quot;]I think one reason it hasn&#039;t affected much yet, is because virtually all if not all countries out there are doing the same thing...rampantly printing money. Inflating it away will of course occur to a degree, but I think your third premise is the likely premise. Perhaps for almost every country out there, they will come up with a new form of doing economics to not have to call it default.</p><p><br /></p><p>What may eventually happen is that all countries, or at least all major countries, will come up with some sort of political/financial solution to erase these humongous debts on paper, which they all have. So that they can literally write off their irresponsible financial mistakes of the past, and start with a clean slate without causing global turmoil.</p><p><br /></p><p>Of course around 50 years or so later, they&#039;ll need to do the same thing over again with yet another new form of economics. I don&#039;t expect the irresponsible behavior of politicians to abate anytime soon.[/QUOTE]</p><p><br /></p>

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