Time For A World-Wide Financial “DO OVER”
At first I was thinking of this “Event” on a wide and broad scope, every person on Earth start at zero on the debt chart. But, and a big one, I am not an Economists even though I did study some Business and Economics classes in college. I realize that when you factor in the reality that I don’t know everything about everything that I could possibly be wrong. This note to you today is simply to get folks whom are a lot smarter than me, to start considering what I am suggesting, to see if it could possibly be viable Constitutionally and economically.
I know that this is a “broad” idea so I decided to pull the strings in a bit. How about this “Do Over” only being on a “World” Federal level? How about if a World Wide Do Over was designed to only eliminating all Federal Government debt that any and all Nations have with another Nation? Think about it for a moment please, no “Third World” Nation having any debt to any other Nation. No Nation owing the U.S. anything and having a new Zero balance sheet with all of the World’s rich and powerful Nations. Would this concept help the Third World Nations graduate into at least a “Second World Nation?” O yes, don’t forget that debts that the Big Nations have with each other would also be wiped clean like Russian and U.S. debt to China. Also all of China’s small neighboring countries who find themselves buried in debt to China from such “gifts” as the new Silk-Road.
It would be great if a program could be written where no one on Earth owed anyone anything, a total start over. We as a Human Race have yet to understand the value of caring about one another. Until we can do this first part about the Nations getting their books up to the zero mark I don’t believe that there will be any stringent efforts being put into programs to help the two legged Rats and Roaches (the Poor)! As a very dear friend of mine used to say “we shall see what we shall see.”