It's a question we never hear discussed, elaborated or answered in the media.
It's something I have never fully understood and found out the full cycle of events and consequences of.
It is something we are threatened with and I would be grateful if someone could explain it.
Can I start from saying I am not coming from an antimondialist or an "Indigne" point of view I just want to understand what would happen if...
If countries defaulted and made no further payments on this ephemere global debt that we all hear about.
I'm not looking for the answer "The financial system would collapse" I'm trying to find or get to the real long lasting effect this would have on generations much further down the line.
I could however just be being dense, but would love to have a fully reasoned explanation of the steps and what would really be so bad.