DEBT

In light of the world economy and the bailout of Greece I have been thinking about DEBT. Now I don't know much about money and that shows in the life I have chosen to live and the field I strive in. But I was wondering, lead to this thought by the LA Times editorial letters, about all the DEBT in the world.

DEBT collected by countries, not debt carried by individuals. There is a difference. I don't have the scale of debt collected by countries nor the opportunities to collect more without a realistic way of paying it back. There is DEBT carried by every country in the world it seems. There are the DEBTS of America carried by the Chinese. There are the DEBTS of Greece now divied up among the EU. These DEBTS amounts into the trillions of dollars, spread out over the planet.

Realistically there's no way anoyone will ever collect on those sums of money. The numbers are so large that they boarder on the absurd. How many zeroes are in a trillion? 12. That's a lot of zeroes. and you have to wonder how do you pay back 12 zeroes worth of DEBT?

You can't. Now I have an idea so mind blowing in it's simplicity that it could never happen. And to make it happen it would have to come as a total surprise so no one could game the system.

Forgive all DEBT. All countries, all individuals. All of it. At this time in history the concept of money and wealth are largely zeroes and ones in a computer somewhere. There is not a pallet full of money (Or hundreds of pallets) being sent to Greece to help their crisis. So, on, say a random Tuesday, wipe out all DEBT. Whatever, and wherever you are in the world all DEBT is gone. Everyone starts at ZERO. And what you do from there is your own fucking fault.

Because, really, do the people holding the DEBT really expect to collect on it?

But I'm just a naive actor and am barely scraping by, so what do I know of world markets?