It will happen and when it does debt will be written off. As simple as that! Life for more than 90% of the population will continue as normal, if not better from the relief of the debt. For the really and the super rich though things will be utterly bad. Life style as they know it today will no longer be sustainable (e.g. buying islands, jets etc). Luxury brands will also suffer but luckily enough they represent only small proportion of the world economy. Cannot say I sympathise to be honest
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The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis
It will happen and when it does debt will be written off. As simple as that! Life for more than 90% of the population will continue as normal, if not better from the relief of the debt. For the really and the super rich though things will be utterly bad. Life style as they know it today will no longer be sustainable (e.g. buying islands, jets etc). Luxury brands will also suffer but luckily enough they represent only small proportion of the world economy. Cannot say I sympathise to be honest