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<p>[QUOTE=&quot;World Colonial, post: 2503796, member: 78153&quot;]Yes, in theory, if you divide the debt and all corresponding wealth and production equally or a lot more equally, it is sustainable or looks it.&nbsp; But that isn&#039;t how it is and it&#039;s never going to be that way.</p><p><br /></p><p>In actuality, the people, companies and countries who are least able to service their debts with their incomes and asset bases are never going to be able to service it in the long run and there are plenty enough of them from mortgage borrowers, overleveraged banks and countries like China and Greece to bring the whole system crashing down which is exactly what is going to happen.</p><p><br /></p><p>Also, I don&#039;t believe GDP is a good measure of actual production.&nbsp; It is measuring monetary turnover.&nbsp; There is a lot of activity captured in GDP that is actually waste and should really be subtracted from it because it doesn&#039;t add any real value whatsoever.</p><p><br /></p><p>If far fewer people work, then I presume the supposed solution is a guaranteed income.&nbsp; Good luck with that in the longer term because it is contrary to human nature.&nbsp; The recipients will always want more and more and the productive are not about to support them forever.&nbsp; Since current economic policy is going to fail in preventing declining living standards (and it will), I expect &quot;helicopter money&quot; in the form of a guaranteed income to be tried at some point.&nbsp; It will &quot;work&quot; temporarily but nothing more and then what?</p><p><br /></p><p>Adverse demographics, automation which will make a large number of people economically redundant, global labor competition, offshoring and government sponsored moral hazard on a colossal scale all add up to a financial system which is designed to fail.</p><p><br /></p><p>And no, I am not a doom and gloomer.&nbsp; I just believe that most people are going to become poorer or a lot poorer.&nbsp; there is no reason to believe that most people should and will be better off continually over time.[/QUOTE]</p><p><br /></p>

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