An article showing that debt with interest, is NEVER repayable, and that the only realistic solution is debt default on a worldwide scale:

http://www.goldstockbull.com/articles/worldwide-debt-default-jubilee-is-the-only-solution/



I can't understand why this solution isn't discussed more, it seems to be the inevitable solution, no matter what course of action is taken in the interim.

Of course, in the short term it would be messy, would punish savers, and reward those who have been reckless( sounds suspiciously like what the current situation is doing)  but long term, can anyone see any better solution?   I don't know what the mechanisms might be, but it would seem reasonable that you start off with a clean slate, no debt, and everyone gets a token amount of the new currency, whatever it may be, and whatever it may be backed by.  This would seem drastically unfair to anyone ambitious enough to have worked hard, to suddenly be on a level playing feild with those who've never worked a day in their lives.  But human nature being what it is, I would be willing to bet that those who had nothing before, will get back there again in short order, through their own mismanagement, and those who had savings, would be the first to accumulate savings again, through their own ambitions, and at the expense of those unwilling to work.  The opportunities would be limitless.  
Of course, from a farmers point of view, one has to wonder how anyone could plant a crop with savings wiped out, and no ability to borrow.  Obviously a few technicalities to work out. 

The question is, who would lead such a move?  It should be easy to motivate the 49%, they have everything to gain, and nothing to lose.  The working stiff with an upside down mortgage, and countless other debt would be on board.  Seniors, definitely not.  Bankers, certainly not.  Business owners, and those with a positive net worth, would be a tough sell, but likely would see the long term benefit.   

This must be the first time in history, that virtually every nation, and every level of government, business, and person, is in debt to such a level.  Default doesn't work very well when it is only one party, but when every party involved defaults simultaneously......