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For posts about politics between countries.
Zimbabwe's experience with kicking out the white farmers and seizing their land for redistribution.
submitted 4 years ago by Chipit from i.redd.it
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[–]Tom_Bombadil 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 4 years ago (1 child)
The banks would need to be forced into a jubilee. Accounting magic.
The "loaned" money was created out of thin air.
The debt can be erased into thin air in the same way, and the banks can write down/off their losses, or give themselves a loan and go bankrupt (which 99.9% of the public is comfortable with).
I'm sure they'd go with the first option.
[–]AnarchySpeach 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 4 years ago (0 children)
Most money is. An "IOU" has been a valid form of payment for hundreds of years.
banks can write down/off their losses, or give themselves a loan and go bankrupt
You're saying it like the Banks would comply without a fight. lol
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[–]Tom_Bombadil 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (1 child)
[–]AnarchySpeach 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)