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>>Does anyone actually still believe that these debts will all someday be repayed? I believe that all debts will be repaid. They will either be repaid by the b
by jklein11 8y ago
>>Does anyone actually still believe that these debts will all someday be repayed?
I believe that all debts will be repaid. They will either be repaid by the borrow or by the lender, when the borrow can't pay and the lender has to bail them out.
- chewz 8y agoThat's quite rare for debt to be repaid or defaulted upon. Most of the debt is usually just rolled over. Think credit cards, treasury bills, commercial bonds etc.
- jklein11 8y agoDo you have any sources to back that up? I find it hard to believe that credit cards aren't either paid back or ultimately end in bankruptcy. It grows at ~20% per year!