[ClearCase_guy]

Jubilee.

We cannot pay $34T in debt.
We cannot default on the debt.

Only one of those statements is really true.

[AndyJackson]

We could monetize the debt. Jamie and his friends could make another $3.4 T or so in fees for processing the transactions. Maybe more in buying up worthless paper and then selling it to themselves at a “reasonable” fraction of face value with the $34 T in printed money to monetize the debt.

[Worldtraveler once upon a time]

--- "Jubilee. We cannot pay $34T in debt. We cannot default on the debt. Only one of those statements is really true."

Kudos. Jubilee.

Because the alternative is "perpetual bonds," a kind of enslavement which future generations will refute anyway. This is a "sooner or later" scenario. My wife and I prefer the "sooner."

Jubilee. A biblical concept, with goodly roots.

[Mariner]

There’s no doubt, none, that we default.

And certainly within 20 years.