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Lionel Leigo

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How to pay it all back?

The national debt of many countries has risen to astronomical levels, with debt to GDP percentages rising ever higher, can it ever be paid back?, if so, how?

Is there other ways out of this monstrous debt?

I , personally feel that a first step should be the prevention of printing more paper currency, and the people having a say in the decision making process.

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    edward long 100+

    • +2
    Mar 7 2013: Return to the gold standard. Every piece of Value Representation, aka money/currency, must be based on an amount of gold equivalent to its stated denomination. If the nation's gold reserves have a value of X dollars, then the nation cannot print more than X dollars of currency. Also, concurrently, abolish the Federal Reserve System and forgive all debts incurred under its reign.

    • ZX Style 10+

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      Mar 7 2013: I think the golden standard is indeed a good measure.
      But there is not enough gold in the world to cover this i guess.
      Also the gold prices will skyrocket, not that i mind, cause i want to go into the mining industry.
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        edward long 100+

        • +1
        Mar 8 2013: That is not true sir. Research will show there is plenty of gold to serve as the value standard for the whole earth. Look into it, don't take my word for it. Read chapter 7 of Ed Griffin's book called The Creature from Jekyll Island. Even I understood it! :-)
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      Daryl Roche

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      Mar 8 2013: I would like an audit on our gold reserves…..

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