[E. Pluribus Unum]

In our societies, I would say that inflation take the place of the 7 year exemption. After a while, inflation eats away at debt, melts it.

Then you should be in Nirvana in a couple of years, when the currency bubble implodes and we have triple-digit inflation.

PS - The currency bubble has been inflated by the Fed fraudulently pegging interest at 0%. When it implodes there will be large quantities of blood spilled, and millions will starve to death. But thank God we had a biblicly-correct 0% interest rate.

[BlackVeil]

Then you should be in Nirvana in a couple of years, when the currency bubble implodes and we have triple-digit inflation.

Shiver! I am afraid of hyper-inflation. I am afraid even of inflation (which is currently running much higher than the official figures suggest.) For a long time, I have been predicting hyper-inflation, but it does not yet appear, so either I am not much of a pundit, or else it is still pending.

But I do think that inflation has been given this role in the economy, of melting away debt. It is a deliberate strategy, which is not much pointed out.