Saturday, August 25, 2012

My question for John Redwood this morning - Mass debt foregiveness.

Martin Cole
Posted August 25, 2012 at 6:31 am | Permalink
Your comment is awaiting moderation.
I am interested in this sentence of your posting “The government is not rushing to cancel this debt. No doubt it is worried how such a course of action would be perceived by the markets and media.”

I am wondering if you believe that such is the only fear preventing such a course and if so what you consider the consequences of a mass worldwide cancellation of Western debt, which would tend to neutralise market and media adverse reactions, and whether that is not perhaps where the present direction of travel is leading at least the Euro, Dollar Pound and Yen?

Labels: ,


Post a Comment

<< Home