We've been here before many times in history. Some debt gets repaid, some is inflated away, some defaults. The real crisis won't be in developed countries beca

We've been here before many times in history. Some debt gets repaid, some is inflated away, some defaults. The real crisis won't be in developed countries because whether you like it or not, you need to borrow and spend in their fiat to do business and EVERYONE wants to do business in developed countries. The crisis will be in emerging markets where no one will be willing to lend if rates hit 5% in the US.