By R.C.
Sent: Wed, Apr 8, 2020 9:38 p.m."Calls for Global Debt Jubilee Grow Louder as 'Anything Goes' Policy Mania Takes over
N.S.: That would destroy all credit markets, as lenders would see that nobody could be trusted to make good on their obligations, especially blacks and Hispanics.
 | But calls for a Debt Jubilee are not limited to just emerging markets... www.zerohedge.com |
R.C.: I was talking about a debt jubilee with one of my clients about 3 years ago, but domestically.
How do you treat debt if you can't pay it?
You repudiate it via bankruptcy or unilaterally.
Force majeure on a grand scale?
 | Force majeure (/ ˌ f ɔːr s m ɑː ˈ ʒ ɜːr, f ɔː s m ɑː ˈ ʒ ɜː / FORSS mah-ZHUR; French: [fɔʁs maʒœʁ]) – or vis major – meaning "superior force", also known as cas fortuit (French) or casus fortuitus (Latin) "chance occurrence, unavoidable accident", is a common clause in contracts that essentially frees both parties from liability or obligation when an extraordinary ... en.wikipedia.org |
| | But calls for a Debt Jubilee are not limited to just emerging markets... www.zerohedge.com |
 | BP claims force majeure on key "Gimi" FLNG conversion project, now anticipating a one-year delay due to COVID-19-related issues. News marks the second negative development within seven days after ... seekingalpha.com |
1 comment:
jerry pdx
Endless, infinite debt...that's the Fed's plan, we owe to infinity therefore they own us, body, mind and soul, we work until we die and produce until we die. The Fed is the most powerful entity to ever exist on this planet and it's power is through it's ability to create money out of thin air and enforce it's dictates with the power of the military and police, whose powers over us are increasing using pandemic hysteria. Trillions of dollars are being poured into the markets and into buying up failing corporate businesses all under the guise of keeping the economy afloat but it's really nationalization. Paper money will be phased out so every dollar you make will be tracked by the Fed and you can forget about being in business for yourself, private businesses are also being phased out so we can all work for Fed Incorporated. Funny thing is, most people don't seem to care, all liberals are blase about it, many will think it's for the best, they are uncomfortable with the idea of true freedom, scares the crap out of them. Even many conservative types are apathetic but at least you might find some resistance there.
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