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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (20282)2/24/2004 3:49:16 PM
From: philv  Read Replies (1) of 81781
 
"But the debt will be liquidated."

A liquidation or whatever name one wants to ascribe to it, is an event, so unthinkable, that it would literally spell the end of the economic regime we know.

You can't just wipe out debt, refuse to pay back and say "tough luck". On the other side of that debt number stands the creditor or many creditors who won't simply shrug it off. Such an event would not be dissimilar to war, but actually worse because the enemy is within, and it all could have been, should have been forseen and prevented. And why would anyone ever again trust government? It would be the end of money as we know it.

Such a corruption is unthinkable because the consequences are unthinkable for all but golden bugs.
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