There's An Easy, Fair Solution To The Global Debt Crisis -- Too Bad No One Ever Talks About It

businessinsider
"The global debt crisis, of course, is nothing new. Since the dawn of time, men have been lending other men money (or other things of value) and not getting them back. But it's only recently that the solution to this state of affairs has gotten so complicated that even PhD economists can't figure it out. In most situations in which people or companies can't pay their debts, a simple thing happens.

It's called "bankruptcy."

The borrower says, "I can't pay you back" and then the borrower surrenders his or her claim on any assets that he or she still possesses.The lender, meanwhile, sifts through those assets and recoups what he or she can."