M M



If the problem is political then it can be sorted at the ballot box. If it cannot be sorted at the ballot box which appears to be the case then it's more than political. The root cause almost always seems to come back to debt growth. There is a boundary were debt is seen as a positive thing and where it becomes a negative thing and dominates policy. That decision is almost always external. Once decisions about debt and therefore the economic policy are made externally de facto loss of sovereignty occurs. The nuclear option is closing off access to rolling debt over. You know of a few good examples of this, one of whom is of particular interest to you.



At this point I usually come across Susan George - 'Debt is such a powerful tool, it is such a useful tool, it's much better than colonialism ever was because you can keep control without having an army, without having a whole administration.'



Venezuela problem is debt . The US's problem will be debt if it loses reserve currency status. The EZ's problem is very definitely debt and as clearly demonstrated by Greece there was no political answer and the Greeks voluntarily placed the albatross around their neck. 'God save thee, ancient Mariner'



The nature of compound interest is such that the only escape is to spark inflation above the repayment rate and this is impossible whilst living in the NIRP domain



I suggest looking at fractal mathematics. Below a certain value the end output is convergence to zero however slowly. Above a certain value the convergence is to expanding infinity however slowly. There is no middle ground. Fractal mathematics have many characteristics we observe in the real world



So my response to you basically is the conflict is between national democracy and external decision making. Or to put it another way, a failure in the development of international democracy. Either way there is no solution without securing sovereignty and control of debt