The China Play...first the SDR, then, the world!
http://www.zerohedge.com/news/2015-04-09/spelling-out-big-resetSure, it could work. Why not?
Comments I think hit the mark the best -
1) Buckaroo Banzai
Martin Armstrong has proposed a debt-for-equity swap whereby all Treasury bills and bonds will be redeemed for coupons.
"In this case, we would swap out the federal debt of $18 trillion into coupons that are redeemable for the purchase of private equity. You would then take the coupons and invest in stock. Since large corps are buying back their shares now, they do not need the money. This will go to entrepreneurship starting up businesses or expanding small business. It would provide a stake in the nation for all for the lower class would actually become investors. The “rich” make money from investment, not wages.
Of course there will be people who criticize this idea. They have no practical solution for there is no other choice. You reach the point of no return. Governments are causing DEFLATION and destroying everything as they hunt money. That will collapse the world economy and they are TOO STUPID to comprehend what they are doing until it is too late. The hard money guys have already sent nasty emails, but their world is precisely what Germany is imposing in Europe. They are handing the people over to the bankers for go ahead, back bonds with gold and how do you pay your mortgage.
There is no practical solution and EVERY debt crisis has involved either a DEFAULT or some sort of haircut. Any way we slice it, the next downturn will present solutions that hand more money to the bankers and you will see revolution next time. We either seriously look at how to end this cycle of perpetual borrowing, or go build a cabin in the woods far from everything. We are rapidly reaching the point of no return."
http://armstrongeconomics.com/2015/03/30/28763/ It's an interesting idea.
Armstrong also proposes a new international currency similar to SDRs that all national currencies would float against, and that nations would use to settle international trade flows with.
2) CrazyCooter
While I don't disagree, I think our leaders/elite are too selfish and ... well ... frankly, psychopathic.
What I really think we are going to see is (1) they hang on to the old system and (2) debtors prisons/punishment.
It will just be the next phase of the strip mining and most people have no idea the sovereignty they inherited and will go along trying to stay one set of chains ahead of the gang.
I haven't given up on humanity, it has a kind heart most of the time, but it is also catfish stupid on average.