Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
jehst
on 11/09/2015, 04:08:38 UTC

TN;DC: A plutocrat seeks (at least, circa the present) to confiscate nongovernmental capital through “sovereign default.”

So the plutocrats WANT governmental default and deflation? Interesting. Never thought of that as a wealth grab. But I suppose it would work. They just need to get rid of any debt they have and loan as much money as possible to people (with the people's houses, land, and future earnings as collateral.) Holy shit. I'm going to pay all my debts ASAP and stack cash. That sound pretty scary. But I still think a default would end up weakening the currency.