Loading ...was and is it is not flawless…It takes about 50 some years for the “FRACTIONAL RESERVE ” system to get to its maximum growth ..and we have arrived there !
It was a Mathmatical certainty unless they change the rules and go for complete bust ,but I doubt that because that will result in Political collapse as happined under HITLER after the HYPER inflation took hold. The choice becomes between deflation and depression when debt is defaulted on as we already experienced in 1933. or Hyperinflation as happened in Germany which resulted in a Dictator coming to power (Hitler) ….so in the US a Depression was chosen because it kept the Politicians still in Power and at least the Government stayed intact!!!!! The opposite happined in Weimar Germany ! So I think the choice is clear ….
it collapses or …..and or Forgives its debtors ….and the whole thing starts over…! but at least the Gubberment stays intact….