"Printing" is a dirty word/thing - everyone does it but won't admit it ...
I want to look at this from a different angle: More like major economic powers issuing new currencies within a larger effort of fixing the global financial/
* Most states are technicall
* Many states are already printing cash in large quantities - hence the inflation
If we keep going this way - it is not long till world economy will collapse - not just because of the debt - but because of the lack of global checks and balances ... we talk and act as if there is a global market on the transactio
So, now we need a new Global Economic and Financial System, a New "Bretton Woods" of sorts - and in the meantime we can get rid of the monumental debts and put new rules ...
Let us think of some :)
I like presenting this as a "mutual debt forgivenes
Read the Article at HuffingtonPost