>>> high debt to GDP ratio we currently have and this would make the interest payments too high. USA can you use Federal Reserve to monetize debt at low rates.

>>> high debt to GDP ratio we currently have and this would make the interest payments too high. USA can you use Federal Reserve to monetize debt at low rates. Europe and others can't. Pensions have been hit hard since 2008 because laddered bonds no longer yield sufficiently. The solution is a worldwide government debt default, with UBI after pensions default. While I don't want this socialism, world politicians seem to follow Klaus Schwab's idea on this.