Quote:
Originally Posted by Avulon
Let's call it what it really is, it's not 'Government debt' it's the country's debt. That's you, me, my neighbour and joe bloggs down the road, it's our debt. The pyramid scheme of currency without material backing requires inflation to function - it depends hugely on future 'value' (or should I say devaluation) of the same currencies.
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The reason that I called it Government debt is that they have the responsibility to manage it and it is Government policies that increase/decrease the value of it.