{"id":683,"date":"2013-03-16T11:18:04","date_gmt":"2013-03-16T11:18:04","guid":{"rendered":"http:\/\/www.thebizsense.com\/views\/?p=683"},"modified":"2013-10-16T10:41:29","modified_gmt":"2013-10-16T10:41:29","slug":"just-a-matter-of-time","status":"publish","type":"post","link":"https:\/\/www.thebizsense.com\/views\/business\/just-a-matter-of-time","title":{"rendered":"Just a matter of time"},"content":{"rendered":"

 <\/p>\n

\"Currency<\/a>

Currency Reserves<\/p><\/div>\n

There are reasons why major nations haven\u2019t done this yet. But the probability is that they will be driven into doing so in time, as global economic growth remains sluggish, governments fail to implement the radical reforms needed to kick-start higher growth, annual borrowings required to finance fiscal deficits stay high, and the private sector becomes increasingly unwilling to lend money to governments at derisory rates of interest.<\/p>\n

Admitting that much of the national debt is fake, and scrapping it by act of congress or parliament, seems so shocking to most people that they can\u2019t believe it will happen.<\/p>\n

But is there any reason to believe otherwise, given the track record of the ruling classes in recent years?<\/p>\n

Those are the people:<\/p>\n