World debt and currency reset

[crossabdd]

no, that won't happen. debt remains. although currency changes. because everything has notes. for example all currencies of each country are replaced with bitcoin. it will not erase debt. but disrupting the world economy is true. especially large economies such as the US, EUROPE, etc. because we know that this country is the economic leader in the world.

[1715448044]

1715448044

[1715448044]

1715448044

[1715448044]

1715448044

[TheCoinGrabber]

No, won't happen. Governments may forgive some kinds of debts but like a loanshark, they'll just take it out of the other users by increasing taxes. As for a government allowing its own currency to crash and get replaced by a different fiat, they won't do it voluntarily.

Look at Venezuela and Zimbabwe. The citizens have started using USD and in the latter's case, it all but supplanted the local currency. Did Zim's financial responsibilities got wiped clean? No.

[iv4n]

World debt leads to financial crisis, that happened many times in the past. Financial assets lose a large part of their value, that creates a chaos. Expert speculates when we will hit the next huge global crisis, pessimists saying this year, US will enter it's next recession and that will lead to crash. Some saying next year, or there will be no crisis. It's on each of us to read news and to make some conclusions, personal I believe that fiat will get into some huge crisis in next 5 years, more or less, which will benefit crypto of course.
About currency reset, I don't believe that can be an option. Global economy is a mess, we don't even know who have money and where, we don't know connections, and to everyone agrees on some currency reset, debt reset, it's impossible! Nobody will forgive debt to enemy, and across the world there are many countries who have many enemies.

[Brunus]

There is a question that no one seems to ask: but if the whole known world (USA, China, Russia, Europe, etc.) is in debt, and this debt rises more and more, then who the hell is the creditor?
Who is waiting to be refunded?
There is something very strange about all this ...

[criza]

There is a question that no one seems to ask: but if the whole known world (USA, China, Russia, Europe, etc.) is in debt, and this debt rises more and more, then who the hell is the creditor?
Who is waiting to be refunded?
There is something very strange about all this ...

I agree, and it seems that financial stability between the countries are much more complicated than what we thought. Analyzing the transactions between countries debt is hard to understand. The whole world runs on money, for now, all what we can do is to be aware about the financial trends around the globe and focus on our own investments or money.

[Clairvoyance]

Do you think they can just wipe off the debt..
They will restart the whole system and nobody have no debts at all.

Government can't just wipe all existing debt for if they do, their currency, financial market, stock market and whole economy will crash. There are no reset button for debt unless it is paid with all its due. If you thought that removing all debt will elevate your social and economic status will lead to a better world, think again.

[CarnagexD]

no, that won't happen. debt remains. although currency changes. because everything has notes. for example all currencies of each country are replaced with bitcoin. it will not erase debt. but disrupting the world economy is true. especially large economies such as the US, EUROPE, etc. because we know that this country is the economic leader in the world.

  But debt-wise, that is possible. Some countries implement what is called a debt forgiveness. Usually this happens when the owner of the money which is in this case the government finds the debt of the person or the state too high to pay off based on his/its  economic status, or as an incentive for paying off a major debt if you have multiple debts to pay. That being said, it happens. But not quite frequent.

[abeecrypto]

It looks possible on paper. But in reality, it is improbable. Government can't just wipe off debts or hit the restart button. The ones who wants this sort of restart are the debtors. And if you wipe off another country's debt, you might not be helping the country. You will be sending the information that they can keep owing until they are asked not to pay back.Every debt is paid one way or the other