Originally posted by soulshn
The International Monetary Fund (IMF) has urged governments to consider “bold” interventions to reduce household debt levels and stimulate growth.
Remarks from the IMF in an article in The Telegraph:
IMF urges authorities to consider debt forgiveness to restore growth
Very interesting timing, no?
This is a big deal... coming from the IMF, this could be the beginning of a huge change.
It's exactly the kind of changes we need right now. If people were able to get out from under their debt and reset the books, it would change the game. Instant cash flow from not having to pay debt, which means money goes right back into economies.
Interesting... S&F OP.