Too big to fail. That's how banks have made themselves liable to be bailed out by the taxpayer. Or is it the taxpayer? In relative terms, while the taxpayer takes the brunt of the crap coming out of all these deals; it is the secret bailout monies that have been thrown at banks all around the world that goes undetected by the masses. As I see it, it is not the debs that taxpayers are being Put into all the time that is the real killer. The problem is that this mOney is being used to buy up assets. While China turns a blind eye towards Western excess, the West turns a blind eye to its avaricious raping of resources and buyouts of resource companies around the world. I guess that both debt and property title are ultimately flexible things. Debt can be erased and property title can be annulled but there is a real problem IMO in allowing this false money to buy real assets. How can our children live off this countries wealth if it's all been sold off already to counterfeiters. That's why hard money is needed. It keeps a truer account of what the score really is.
